PREVIOUS TRADING DAY EVENTS 29 May 2023

Announcements  

The Debt Deal is waiting to be approved. U.S. President Joe Biden is pushing for things to move on fast.

I never say Im confident about what the Congress is going to do, but I feel very good about it, Biden told reporters on Monday. Ive spoken with a number of the members. I spoke to McConnell. I spoke to a whole bunch of people. And it feels good. Well see when the vote starts, he said, referring to Senate Minority Leader Mitch McConnell.

Biden and McCarthy show confidence that the deal will be approved soon. It involves federal spending through 2025 and suspending the debt ceiling until Jan. 1, 2025. In exchange for Republican votes for the suspension, Democrats agreed to cap federal spending for the next two years. 

The U.S. Secretary of Treasury Jannet Yellen has announced previously that the U.S. debt default deadline has been extended until the 5th of June. Supporters of this deal have only a week to get the agreement through Congress before the possible June 5 default.

Source httpswww.bloomberg.comnewsarticles20230529bidenmccarthyworklawmakerstopassdealasusdefaultlooms

Summary Daily Moves Winners vs Losers 29 May 2023

AUDUSD has been leading yesterday but with not much of a move, with 0.27 gains.
This month USDJPY is on top with 3.15 gains. XAGUSD is still losing massively with a nearly 8 drop.

News Reports Monitor Previous Trading Day 29 May 2023

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