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Key Points
- U.S. President Trump’s proposed tax cut bill has passed the House of Representatives. In the short term, the market views this as a positive factor for the economy, but in the long term, it is also seen as a negative factor due to the potential increase in the fiscal deficit.
- The Eurozone’s preliminary Services PMI for May came in at 48.9, and the Composite PMI was 49.5, suggesting that private-sector activity is entering a contraction phase.
- The U.K. Office for National Statistics reported that April’s CPI rose by 3.5% year-on-year. Service prices increased by 5.4%, exceeding market expectations. The market expects the Bank of England to hold interest rates steady at its June and August Monetary Policy Committee meetings.
Key Economic Schedule This Week
+ May 23: Germany Q1 GDP
AUDUSD Chart Analysis
The price has surged past the 1.31500 level and even broken through resistance at the 1.34000 level. There appears to be room for further upward movement, with a potential peak near the 1.35500 level. After this, a reversal to the downside is likely, with a possible decline toward the 1.32000 level.
Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe.
Key Points
- U.S. President Trump’s proposed tax cut bill has passed the House of Representatives. In the short term, the market views this as a positive factor for the economy, but in the long term, it is also seen as a negative factor due to the potential increase in the fiscal deficit.
- The Eurozone’s preliminary Services PMI for May came in at 48.9, and the Composite PMI was 49.5, suggesting that private-sector activity is entering a contraction phase.
- The U.K. Office for National Statistics reported that April’s CPI rose by 3.5% year-on-year. Service prices increased by 5.4%, exceeding market expectations. The market expects the Bank of England to hold interest rates steady at its June and August Monetary Policy Committee meetings.
Key Economic Schedule This Week
+ May 23: Germany Q1 GDP
AUDUSD Chart Analysis
The price has surged past the 1.31500 level and even broken through resistance at the 1.34000 level. There appears to be room for further upward movement, with a potential peak near the 1.35500 level. After this, a reversal to the downside is likely, with a possible decline toward the 1.32000 level.
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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.
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.