US: People In Most Countries Prioritise Ties With The US Over China - Pew
MNI London: A new survey from the Pew Research Center has found: “The share of people with a favorable view of China has increased since last year in 15 of the 25 countries Pew Research Center surveyed this spring. In most of these countries, this is the first time since 2020 that views of China have turned more positive.”
- Pew adds: “Though views of China and Xi have improved in most surveyed countries since last year, the opposite is true for the United States and President Donald Trump. Today, international views of the two superpowers and their leaders are closer than they have been at any point since 2020.”
- Pew continues: “Despite the growing sense that China is the world’s top economy, people in nearly all countries surveyed prioritize strong economic ties with the U.S. over China.”
Figure 1: Views on China and President Xi Jinping
Source: Pew Research Center
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
FOREX: AUD and NZD Outperforming Amid Firmer Risk Sentiment
- The US dollar is underperforming on Monday, as more benign price action across the energy and equity markets is conveying a more stable risk backdrop. WTI and Brent crude futures are roughly 7% off the earlier highs, while the e-mini S&P 500 tracks around 1% in the green to start the week.
- As such, the likes of AUD and NZD have been key beneficiaries within G10, largely mirroring the price action for the major equity benchmarks. AUDUSD has been testing an important resistance point at 0.6550, the Nov 25 high, and a close at current levels would be he highest in 7 months, potentially signalling scope for a stronger recovery to the US election related highs at 0.6688.
- The EUR has also recovered, briefly rising to a session high of 1.1615. The rally has moderated as we approach the APAC crossover as spot deals close to 1.1580 at typing. Sights remain on 1.1696 next, a Fibonacci projection, as the technical uptrend remains firmly in place. Relative underperformance for the safe havens has elevated EURJPY to the highest level since July last year. A positive close today for the cross would be 8 consecutive winning sessions, with sights now on a couple of daily highs at the 168.00 mark.
- USDJPY stands a touch higher Monday, but still managed to establish a 110 pip range on the session, keeping attention on the pair high as we approach tomorrow’s BOJ decision and press conference. 145.46 and 142.12 appear the key short-term parameters for the pair.
- Elsewhere on Tuesday, German ZEW figures are scheduled, before US retail sales and import price data are due.
PIPELINE: Corporate Bond Update: $3.5B EOG 4Pt Launched
- Date $MM Issuer (Priced *, Launch #)
- 06/16 $4B Hungary $1.5B +5Y +145, $1B +10Y +175, $1.5B +30Y +195
- 06/16 $3.5B #EOG $500M 3Y +50, $1.25B 7Y +80, $1.25B +10Y +90, $500M 30Y +100
- 06/16 $2.25B #Enbridge $400M 3Y +67, $600M 5Y +87, $900M 10Y +112, $350M tap 04/05/54 +122
- 06/16 $700M Unisys 5.5NC2.5 10.5%a
- 06/16 $500M #Atmos Energy 10Y +80
- 06/16 $500M #Kimco Realty +10Y +92
- 06/16 $Benchmark EIB 7Y SOFR+53a
- 06/16 $Benchmark America Movil +7Y +110a
- 06/16 $Benchmark IBK 3Y SOFR+58a, 5Y +45a
- 06/16 $Benchmark Islamic Development Bank Sukuk 5Y SOFR+58a
GBPUSD TECHS: Trend Needle Points North
- RES 4: 1.3800 Round number resistance
- RES 3: 1.3757 1.618 proj of the Feb 28 - Apr 3 - 7 price swing
- RES 2: 1.3681 1.500 proj of the Feb 28 - Apr 3 - 7 price swing
- RES 1: 1.3632 High Jun 13
- PRICE: 1.3601 @ 17:15 BST Jun 16
- SUP 1: 1.3456 Low Jun 10
- SUP 2: 1.3337 50-day EMA
- SUP 3: 1.3217 Trendline support drawn from the Jan 13 low
- SUP 4: 1.3140 Low May 12 and key support
The trend condition in GBPUSD remains bullish and price is trading closer to its recent highs. A rising price sequence of higher highs and higher lows, together with a bull set-up in moving average studies, highlights a dominant uptrend. Sights are on 1.3681 next, a Fibonacci projection. Resistance at 1.3616, the Jun 5 high has been pierced - a bullish development. Support to watch lies at 1.3456, the Jun 10 low.
