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Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "[Avatradescn]: Pay attention to the United States before the Federal Reserve's policy meeting, PMI data." Hope it will be helpful to you! The original content is as follows:
Investors took a cautious stance earlier on Monday while preparing for the week's key macroeconomic events. The U.S. Economic Calendar will release the ISM Services Purchasing Managers Index data for April on Monday, and then the Federal Reserve will hold a two-day policy meeting starting Tuesday.
The US dollar (USD) index fell slightly on Friday but closed higher this week. Data released by the U.S. Bureau of Labor Statistics showed that the number of non-farm employment (NFP) increased by 177,000 in April. This figure was better than the market expected 130,000 points but failed to boost the dollar as other details of the report showed a downward cut in non-farm employment data for March and February. The U.S. dollar index fell slightly below 100.00 in the early trading session of Europe.
U.S. President Donald Trump said last weekend that they would lower tariffs on China “at some point”, adding that they could announce a trade deal this week when asked about it. Trump also noted that they could start imposing 100% tariffs on imported foreign-made films. Finally, he believes interest rates should be lowered, but reiterates that he will not remove Jerome Powell from his position as Fed chairman before the end of his term in May 2026. In early European trading on Monday, U.S. stock index futures fell about 0.5% on the same day, reflecting the risk-averse market atmosphere.
Intensified geopolitical tensions appeared to have also suppressed market sentiment on Monday. A missile landed near Israel's Ben Gurion Airport on Sunday, and Yemeni Houthi forces, which are allied with Iran, claimed responsibility for the attack. Israeli Prime Minister Benjamin Netanyahu vows to https://avaforexcn.com responded to the attack and said Iran would also face consequences.
Basic Forex Market Market:
Euro/USD failed to accumulate bullish momentum on Friday, with little change at the close of the day. The pair held its ground and traded within a narrow channel above 1.1300.
GBP/USD closed negative last week at a negative value. After the region, it fluctuated up and down in a narrow channel just below 1.3300.
The US dollar/yen fell on Friday, but rose nearly 1% this week. The pair continued to lower on Monday, with the most recent decline of more than 0.4% around 144.30.
Bulk market fundamentals:
Gold used safe-haven capital inflows to trade above $3,260 in early European trading.
The above is about "[Ava Aihua official website]: Focus on the United States before the Fed's policy meeting, PMI The entire content of data is carefully avaforexcn.compiled and edited by Aihua Avatrade Forex editor. I hope it will be helpful to your transactions! Thank you for your support!
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