The US embassy in Baghdad is readying for an evacuation amid rising regional security tensions, likely linked to concerns over failed nuclear talks with Iran, Reuters reported.
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Fed Gov Kugler continued to promote a patient outlook on rate cuts in a speech Monday, saying that "I view our current stance of monetary policy as well positioned for any changes in the macroeconomic environment."
A new survey from Ipsos has found that “economy-minded” Americans have “soured” on President Donald Trump. The survey adds to a large quantity of data suggesting voters are lukewarm on Trump's economic agenda.
Figure 1: Trump Approval Rating Controlled by Issues Viewed as Most Important
Source: Ipsos
GBPUSD has started this week’s session on a bearish note as the pair extends the correction that started Apr 29. The 20- day EMA has been breached. Furthermore, a minor head and shoulders formation on the daily chart reinforces the likelihood of a corrective pullback near-term. Key support to watch is 1.3083, the 50-day EMA. The bull trigger has been defined at 1.3444, the Apr 28 / 29 high. A break would resume the uptrend.