Central bank expectations show stability, except for the RBNZ, which surprised markets with less dovish guidance. Traders adjusted forecasts, focusing on rate probabilities, timing, and market positioning for upcoming decisions. – vtmarketsmy.com
This week, pivotal central bank announcements and crucial labour market data unfold, influencing market dynamics. Key highlights include the ECB’s potential rate cut and the U.S. unemployment rate stability. – vtmarketsmy.com
UK manufacturing PMIs show minor improvement but remain below growth levels, indicating ongoing sector challenges. Smaller firms face greater declines, revealing a cautious outlook despite slight easing of inflation pressures. – vtmarketsmy.com
UK mortgage approvals fell to 60,460 in April, missing expectations. Meanwhile, consumer credit surged to £1.6 billion. The contrasting trends signal a complicated outlook for housing and spending. – vtmarketsmy.com
The Eurozone manufacturing sector is recovering, with May’s PMI at 49.4 and growth in major economies. However, US tariff concerns and varying national policies may impact future momentum. Stay alert! – vtmarketsmy.com
France’s manufacturing PMI rose to 49.8, hinting at near-term growth after over a year of contraction. Increased output and improving orders suggest resilience amid challenges in global trade and pricing pressures. – vtmarketsmy.com
Italy’s May manufacturing PMI at 49.2 indicates slow recovery, with output growing for the first time in over a year. While new orders decline, export demand shows promise, hinting at stabilization. – vtmarketsmy.com
Spain’s manufacturing sector shows signs of recovery, with the PMI rising to 50.5, signaling growth amid decreasing price pressures and improved employment. Optimism grows, but U.S. trade risks linger. – vtmarketsmy.com
Switzerland’s GDP grew by 0.5% in Q1, exceeding expectations due to strong export activity and a solid services sector. This signals positive economic momentum ahead, influencing monetary policy strategies. – vtmarketsmy.com
The US Dollar faces pressure as weak jobless claims and expectations for rate cuts impact USDJPY. Traders eye upcoming data to assess potential support levels and market shifts. – vtmarketsmy.com
Insights 
VT 
