IC Markets Asia Fundamental Forecast | 2 June 2023 What happened in the US session? The ADP Non-Farm, Employment Change data shows that 278,000 jobs were added, surpassing the forecasted value of 173,000 and the previous value of 291,000. This indicates a positive impact on the USD, suggesting stronger-than-expected employment growth. What does it mean … Continue reading IC Markets Asia Fundamental Forecast | 2 June 2023
Global Markets: News & Data: Markets Update: Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from global markets overnight, as traders react to the passage of the US debt ceiling bill by the U.S. House of Representatives by a wide margin. The U.S. Senate must vote on the bill … Continue reading Thursday 1st June 2023: Asian markets await Senate passing debt ceiling bills
IC Markets Europe Fundamental Forecast | 1 June 2023 What happened in the Asia session? The Japanese Yen might see continued strength due to a higher-than-expected Capital Spending at 11.0% (vs forecasted 6.1%, previous 7.7%), indicating optimistic business sentiment. However, a slight drop in Manufacturing PMI to 50.6 (from the predicted and previous 50.8) may … Continue reading IC Markets Europe Fundamental Forecast | 1 June 2023
The XAU/USD (Gold/US Dollar) chart currently shows a bullish momentum, indicating a potential continuation of the upward trend.
Despite the presence of a major descending trend line, suggesting possible bearish momentum, the overall bullish momentum in the chart suggests a potential bullish continuation towards the first resistance level.
IC Markets Asia Fundamental Forecast | 1 June 2023 What happened in the US session? The higher US JOLTS Job Openings data, reported at 10.10m (forecasted 9.41m and previous 9.75m), may positively affect the USD, indicating a strong labour market and potential economic growth. What does it mean for the Asia Session? Favourable data from … Continue reading IC Markets Asia Fundamental Forecast | 1 June 2023
