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Key Points
- U.S. President Trump pressured Fed Chair Jerome Powell via Truth Social, saying, “Powell is acting too slowly and should cut rates.”
- The U.S. Services PMI for May came in at 49.9, signaling a contraction in the sector following a similar downturn in manufacturing.
- The Federal Reserve’s Beige Book, which evaluates regional economic activity, noted that “all districts reported elevated levels of economic and policy uncertainty, leading to hesitancy and caution in decision-making by businesses and households.”
- Bank of England Governor Andrew Bailey suggested that if inflation in the U.K. is seen falling below the 2% target, the central bank may pursue more aggressive rate cuts.
Key Economic Events This Week
+ June 5: ECB Interest Rate Decision
+ June 6: U.S. Non-Farm Payrolls (May), U.S. Unemployment Rate (May)
GBPUSD Chart Analysis
The pair is currently approaching resistance near the 1.36000 level. Future direction will largely depend on price action at this zone.
- A successful breakout above 1.36000 could open the path to a long-term rally toward 1.40000.
- Failure to break resistance may lead to a medium-to-long-term decline toward 1.32000.
Feel free to share your personal thoughts in the comments.
Please don't forget to boost and subscribe!
Key Points
- U.S. President Trump pressured Fed Chair Jerome Powell via Truth Social, saying, “Powell is acting too slowly and should cut rates.”
- The U.S. Services PMI for May came in at 49.9, signaling a contraction in the sector following a similar downturn in manufacturing.
- The Federal Reserve’s Beige Book, which evaluates regional economic activity, noted that “all districts reported elevated levels of economic and policy uncertainty, leading to hesitancy and caution in decision-making by businesses and households.”
- Bank of England Governor Andrew Bailey suggested that if inflation in the U.K. is seen falling below the 2% target, the central bank may pursue more aggressive rate cuts.
Key Economic Events This Week
+ June 5: ECB Interest Rate Decision
+ June 6: U.S. Non-Farm Payrolls (May), U.S. Unemployment Rate (May)
GBPUSD Chart Analysis
The pair is currently approaching resistance near the 1.36000 level. Future direction will largely depend on price action at this zone.
- A successful breakout above 1.36000 could open the path to a long-term rally toward 1.40000.
- Failure to break resistance may lead to a medium-to-long-term decline toward 1.32000.
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cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.