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Market Update – May 23 – USD & Stocks Firmer on Debt Ceiling Spin

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Market Update – May 23 – USD & Stocks Firmer on Debt Ceiling Spin


You can also find out more about the following: USDIndex The newest member of the. 103.00 as US debt ceiling talks progressed but no deal – President Biden “”default is off the table”, House Speaker McCarthy “I believe we can get a deal done,”. US Stocks Today, FUTS is higher than yesterday. Yields were the main drivers again with 2yr & 10yr at 7-week highs. Bullard There are 2 more hikes.amp; Kashkari Hawkish (possible pause in June but rates could have to rise above 6%)  Asian stocks are rallying but closing lower. USDJPY It is close to the 6-mth highs. Gold Slip to $1960, USOil You can find out more about this at $72.00 The following are some examples of how to get started: Bitcoin rallied 3.5% from yesterday’s low at $26.5k.
Overnight –  AUDPMI’s – mixed, Manu. flat & still in contraction at 48.0, Services Slip to 51.8 The following is a list of the most recent and relevant articles. 53.7 (was 52.6). JPYManu PMI’s grind into expansion mode at 50.8 The following is a list of the most recent and relevant articles. 49.5.  BOJ Core CPI Beat At 3.0% vs. 2.8% & 2.9% prior. UK PSNB The government’s borrowing has soared £24.7b vs £17.5b & £20.0b
  • FX USDIndex Under no circumstances should you decline 103.00, You are able to touch 103.20 Debt talks ahead The satchel is located at 103.15 now. EUR Test into 1.0830 And pivots around 1.0800 now. The following are some of the reasons why you should consider hiring someone elsePY Breach of the law 138.50, Top at 138.85 (high after November 2022), and holds back at 138.50 now. Sterling The test collapsed 1.2400 The cap is set at 1.2450



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