Sweden's Swedbank/SILF Services PMI Rises to 56.6 in May
Sweden's Swedbank/SILF Services Purchasing Managers' Index (PMI) increased to 56.6 in May from 53.9 in the previous month, indicating stronger expansion in the services sector.
Norway Unemployment Rate Holds Steady at 1.9%
Norway's unemployment rate remained unchanged at 1.9%, matching the previous figure. This indicates stability in the country's labor market for the reported period.
Pound to Dollar Price Forecast: GBP Surges After US Payrolls Miss Expectations
The Pound to Dollar (GBP/USD) exchange rate surged to a two-week high on Thursday after a weaker-than-expected US non-farm payrolls report triggered heavy selling pressure in the US Dollar. At the time of writing, GBP/USD was trading around $1.3377, up roughly 0.7% on the day.
Pound Sterling Price News and Forecast: GBP/USD gains ground to near 1.3360 early European session
Pound Sterling Price News and Forecast: GBP/USD gains ground to near 1.3360 early European session
EUR/JPY Price Forecast: Tests immediate barrier at VWAP of 185.50
EUR/JPY Price Forecast: Tests immediate barrier at VWAP of 185.50
Elliott Wave Perspective: Silver (Xagusd) Sequence Maintains Downside
Silver (XAGUSD) continues to exhibit an incomplete sequence from the January 29, 2026 high, suggesting that further downside remains possible. In the short term, the cycle from the May 14, 2026 high is unfolding as a double three Elliott Wave structure.
USD/JPY Hits a Speed Bump—Can Support Stop the Slide?
Looking at the 4-hour chart, the pair declined below the 162.00 and 161.20 support levels. There was a clear move below the 50% Fib retracement level of the upward move from the 159.54 swing low to the 162.84 high.
Canadian Dollar Gains on Weaker USD and Rising Oil Prices
The Canadian dollar is poised to extend its recovery from the year-to-date low, supported by a weaker US dollar and an uptick in oil prices. These factors are boosting investor sentiment towards the loonie amid broader market fluctuations.
India's HSBC Composite PMI Slightly Declines to 57.1 in June
India's HSBC Composite PMI for June recorded a slight decrease to 57.1 from 57.4 in the previous month, indicating continued expansion but at a marginally slower pace. This data reflects ongoing economic activity in the country’s manufacturing and services sectors.
USD/JPY prediction: traders brace for a Japanese yen intervention
The Japanese yen jumped sharply on Thursday as traders braced for a potential intervention by the Bank of Japan (BoJ). The USD/JPY pair retreated to a low of 160.62 from the year-to-date high of 162.84.