Day: June 2, 2021

S&P 500 Futures Stay Close To Record Highs

Meanwhile, gold continues its attempts to settle above the resistance at $1900. S&P 500 futures are swinging between gains and losses in premarket trading as the stock market continues to consolidate near record highs. Yesterday, U.S. released the final reading of Manufacturing PMI report for May which indicated that Manufacturing PMI increased from 60.5 in …

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Dollar recovers, oil jumps, gold retreats ahead of further Fed speeches

The US dollar has been gaining ground following upbeat US data and despite dovish Fed comments. Oil is benefiting from talk of higher demand, the Aussie is shaken by lockdown news and gold slips under $1,900. The tug-of-war between upbeat US data and the Federal Reserve’s dovishness continues. The ISM Manufacturing Purchasing Managers’ Index beat …

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