News

Eurozone’s services sector contracted modestly in May, with the final PMI Services reading falling to 49.7, down from April’s 50.1, marking a six-month low. This decline pulled the Composite PMI down to 50.2, indicating only marginal overall growth in private sector activity. The divergence in national performance was notable: Italy led with a 13-month high […]

The post Eurozone PMI composite finalized at 50.2, ECB cuts and Germany to suhion tariffs impact ahead appeared first on Action Forex.

Tesla CEO Elon Musk last week wrapped up his official government service leading DOGE for the Trump administration.

Markets are pricing in a 25 basis point rate cut from the ECB. Here’s what analysts say about its potential next steps and what they might mean for consumers.

A new law provides higher Social Security benefits and retroactive lump-sum payments for nearly 3 million people. Here’s the latest on those changes.

• Fed: 49 bps (96% probability of no change at the upcoming meeting)
• ECB: 55 bps (99% probability of rate cut at the upcoming meeting)
• BoE: 38 bps (97% probability of no change at the upcoming meeting)
• BoC: 41 bps (73% probability of no change at the upcoming meeting)
• RBA: 75 bps (82% probability of rate cut at the upcoming meeting)
• RBNZ: 31 bps (68% probability of no change at the upcoming meeting)
• SNB: 53 bps (72% probability of rate cut at the upcoming meeting)

*for the SNB, the rest of the probability is for a 50 bps cut

Rate hikes by year-end

• BoJ: 18 bps (99% probability of no change at the upcoming meeting)

We
can see that the market pricing remained largely unchanged since the last update. We’ve been in this consolidating type of environment for a couple of weeks now as the lack of key macro changes kept traders waiting for something.

It’s a boring kind of market with very low volatility. Let’s hope for some fun in the next couple of weeks as we get the US NFP, CPI and FOMC decision.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

The House-approved tax bill could end the popular ‘SALT’ deduction workaround for certain pass-through businesses. Here’s what to know.

• We are advancing in the right direction at pace on tariffs

There’s no specific details offered up but things appear to be moving at least. I still wouldn’t be one to hold my breath expecting a significant breakthrough any time soon. That especially when there aren’t any specifics revealed just yet. 35 more days to go. Tick tock, tick tock.

This article was written by Justin Low at www.forexlive.com.

As the chart shows, the USD/CAD exchange rate hit its lowest level of 2025 on 2nd June, nearing the 1.3680 mark. Although there was a partial recovery on 3rd June, it was not substantial. These fluctuations reflect market participants’ cautious sentiment ahead of key announcements scheduled for today, 4th June: → At 15:15 (GMT+3), the […]

The post USD/CAD Holds Near 2025 Low appeared first on Action Forex.