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China’s official NBS PMI Manufacturing rose from 49.0 to 49.5 in May, signaling a modest improvement but still marking the second consecutive month of contraction. The lift was driven by an acceleration in production and more optimistic business sentiment. The production sub-index climbed 0.9 pts to 50.7. New orders index increased from 49.2 to 49.8. […]
The post China’s NBS PMI Manufacturing edges higher to 49.5, second month of contraction appeared first on Action Forex.
I’m going to call b/s on this, but just as a heads up to some garbage floating around the place:
Like I said, garbage, and b/s.
But, there it is.
The background to this baloney is:
This article was written by Eamonn Sheridan at www.forexlive.com.
Key Highlights EUR/USD started a fresh increase above the 1.1280 resistance zone. A connecting bullish trend line is forming with support at 1.1260 on the 4-hour chart. GBP/USD is now struggling to clear the 1.3600 resistance zone. USD/JPY could gain bullish momentum if it clears the 145.00 resistance zone. EUR/USD Technical Analysis The Euro formed […]
The post EUR/USD Targets More Upside — Breakout In The Making? appeared first on Action Forex.
In a speech today, Fed Governor Christopher Waller struck signaled his support for “good news” rate cuts later this year, if inflation continues to ease and trade tensions don’t escalate significantly. In his view, any inflation resulting from tariffs “will not be persistent” and he supports “looking through” these effects when considering policy decisions. Waller […]
The post Fed’s Waller: Temporary tariff effects could clear path for “good news” rate cut later this year appeared first on Action Forex.
GBPCAD: ⬇️ Sell GBPCAD reversed from resistance zone Likely to fall to support level 1.8275 GBPCAD currency pair recently reversed down from the resistance zone lying between the resistance level 1.8720 (which stopped the previous impulse wave (3) and the resistance trendline of the weekly up channel from 2023. This resistance zone was further strengthened […]
The post GBPCAD Wave Analysis appeared first on Action Forex.
A couple of data points from Australia for May 2025:
ANZ Job Advertisements -1.2% m/m
Melbourne Institute Australian headline monthly inflation gauge -0.4% m/m in May
Trimmed mean:
This article was written by Eamonn Sheridan at www.forexlive.com.
Japan tariff negotiator Akazawa planning to visit the US for tariff talks for 4 days from Thursday
Jiji news via Reuters
This article was written by Eamonn Sheridan at www.forexlive.com.
Ethereum: ⬇️ Sell Ethereum reversed from resistance zone Likely to fall to support level 2400.00 Ethereum cryptocurrency recently reversed down from the resistance zone lying between the resistance level 2800.00 (which has been reversing the price from February), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from December. The downward […]
The post Ethereum Wave Analysis appeared first on Action Forex.
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