The Beige Book, which covers the US economy and is one of the most significant indicators who can dissipate the fog regarding the US monetary policy, yesterday he published a monthly updated:
There is only a moderate economic growth in most parts of the United States between April and mid-May, this will make the life of the Fed difficult to raise the interest rates this coming June.

ISM manufacturing index unexpectedly improved in May

The manufacturing activity in the U.S. rose unexpectedly in May, despite the early concerns regarding the outlook of the second quarter growth.
The index of manufacturing activity rose to 51.3 last month from April’s 50.8.

The OECD cut its growth forecast for this year of the 34 countries in the organisation to 1.8% instead of the previous forecast of 2.2%.
For next year the OECD expects a growth of 2.1% instead of 2.3% as in the previous forecast.

In addition, the OECD warned that Britain’s exit from the European Union may result in a shock to the world markets.

The future contracts on Wall Street are signalling on a negative opening of the trading day ahead of ISM report (at 15:00 GMT+1)

Bank Of America

The price of the stock have reached to a resistance area, around the level of 15.00 and created a double top pattern, as seen on a daily chart.

Alongside this pattern there is a bearish divergence at the indicators of MACD and RSI.
Yesterday the price of the stock went down by 0.74% and ended the trading day at the price level of 14.77.

For Forex traders:
Sell between the levels of : 15.00 – 14.75.
Stop loss point : 15.15.
Take profit point : 14.10.

For Binary options traders:
A put option between the levels of : 15.00 – 14.75.
Expiry time : June 3.

The manufacturing activity in the Euro zone slowed in May to a low of three months.
In May, the index fell to 51.5 points, compared with 51.7 in April.

According to estimates, China’s debt levels reached a peak of 280% of GDP and many fear that the world’s second economy is heading towards a huge crisis.

Last year Bank of China launched a package of incentives designed to encourage the credit market to support growth rate and economy, but in the first quarter of 2016 China’s growth rate fell to 6.7%, the lowest rate since 2009.

The trading day on Wall Street ended yesterday with a mixed trend, in a monthly summary the indices close higher.
The S&P closed with a monthly rise of 1.5%, the Dow Jones ended the month in a positive trend for the fourth consecutive month and the NASDAQ signed a positive month as well.