Daily Forex News and Watchlist: USD/CHF

Telegram FX Signals – It’s another rangebound day for major forex pairs so far, but we might see bigger moves during the release of U.S. PMI figures.

Check out these inflection points I’m watching on USD/CHF.

Before moving on, ICYMI, yesterday’s watchlist looked at GBP/USD breaking below its double top neckline. Be sure to check out if it’s still a good play!

And now for the headlines that rocked the markets in the last trading sessions:

Fresh Market Headlines & Economic Data:
U.S. House Speaker McCarthy says no debt limit agreement yet, President Biden reiterated that a default is off the table

Australia’s flash manufacturing PMI unchanged at 48.0 in May, flash services PMI dipped from upgraded 53.7 reading to 51.8 to reflect slower industry expansion

Japanese May flash manufacturing PMI improved from 49.5 to 50.8 to signal a shift from contraction to industry growth

Daily Forex News and Watchlist: USD/CHF

The Most Traded Currency Pairs

Dollar pairs are still in snooze mode in the latest trading sessions, as market players might be holding out for more significant updates from debt ceiling negotiations.

So far, House Speaker McCarthy has clarified that they haven’t reached an agreement on the debt limit yet, even as President Biden has reiterated that a default is off the table.

Meanwhile, some Republican negotiators say that they are not seeing much urgency from the White House. U.S. Treasury Secretary Yellen repeated that June 1 is the “hard deadline” to raise the debt ceiling.

During the European session, the dollar managed to squeeze out some gains against the pound and euro, as the U.K. and eurozone printed mostly downbeat flash PMI figures.

Daily Forex News and Watchlist: USD/CHF

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