PREVIOUS TRADING DAY EVENTS 12 June 2023

Announcements

The U.S. federal governments budget deficit reached 1.16 trillion for the first eight months of the fiscal year, a 191 yearly increase. The deficit for the month of May was up to 240 billion from 66 billion reported in May 2022.

Through the first eight months of the fiscal year, which began in October, the Treasury reported a cumulative deficit of 1.165 trillion, up from 426 billion a year earlier.

U.S. President Joe Biden on June 3 signed legislation suspending the 31.4 trillion cap on U.S. debt until January 2025, after striking a deal with congressional Republicans. Since then, The U.S. Treasury Department has announced plans to rebuild its depleted cash position, which had fallen to below 23 billion earlier this month and was up to about 88 billion as of last Thursday.

Sources

httpswww.reuters.commarketsususbudgetdeficitmushroomsmayrevenuefallsmedicareoutlaysjump20230612

Summary Daily Moves Winners vs Losers 12 June 2023

EURGBP managed to lead this week so far with 0.78 price change.
AUDJPY is on the top and has remarkably gained 4.16 so far this month, followed by AUDUSD having 3.93 gains so far. 

News Reports Monitor Previous Trading Day 12 June 2023

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Midnight   Night Session Asian

No significant news announcements, no special scheduled releases. 

Morning Day Session European

No significant news announcements, no special scheduled releases….