Monday, 23 May 2022

S&P 500, Dow, Nasdaq 100 Rebound, but Outlook Remains Precarious, US PMIs Eyed

U.S. stocks rebounded on Monday after last week's sharp sell-off, but the outlook for risk assets remains challenging. Tuesday's U.S. May PMI data may be the next catalyst for price action.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...