The US dollar (USD) regained his composure and managed to leave behind two consecutive daily setbacks on change Tuesday, while US investors returned to their desks after the day’s day holiday on Monday. Meanwhile, the operators focused on the commercial front as well as the Senate debate on the broad Trump fiscal bill.
This is what you have to observe on Wednesday, May 28:
The American dollar index (DXY) bounced from minimums of several weeks on Tuesday, rising to two days of about 99.60 amid the fall of US yields throughout the curve. The publication of the FOMC minutes of the May 7 meeting will be the most outstanding event, followed by the weekly MBA mortgages, the Richmond Fed manufacturing index and the weekly report of the API on the Inventories of US crude oil inventories. In addition, Williams and Kashkari of the Fed speak.
The EUR/USD once again found a strong resistance just above the 1,1400 barrier, going back to the negative territory after a slight rebound in the US dollar. The German labor market report will be at the Center for Care, followed by import prices, while the ECB will publish its survey on consumer inflation expectations.
The GBP/USD alternated profits and losses just below the 1,3400 barrier amid the decent recovery of the dollar. Pill del Boe is expected to speak.
The additional depreciation of the Japanese Yen granted new wings to the USD/JPY, which led to the torque to recover the obstacle of 144.00 and more. The next thing in the Japanese calendar will be the weekly investment figures in foreign bonds and the confidence of the May consumer, all expected for May 29.
The Aud/Usd added to the recent fall from the annual maximums above 0.6500 and backed away the 0.6440 area, where it found some containment at the moment. The monthly IPC indicator of the RBA and the construction work done are the next thing on the agenda.
The WTI prices fell for the second consecutive day on Tuesday, approaching the key of $ 60.00 per barrel while the operators remained prudent before the OPEC+meeting, while the decrease in geopolitical concerns also contributed to the correction.
Gold prices extended Monday’s pessimism and flirted with a minimum of three days near the 3,280 $ TROY brand after a stronger US dollar and the decrease in nerves in the commercial front. Silver prices lost impulse and revised the 32,80 $ per ounce area, an area coinciding with the simple 55 -day interim mobile average.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
