This is what you need to know to trade today Monday, May 24:
The feeling of risk It’s still tepid as we start a new week on Monday, as investors grow wary amid mounting covid cases in Asia, concerns about inflation, the cryptocurrency collapse over the weekend, and China’s commitment to curb the prices of industrial metals. However, weakening expectations for a tightening of the Fed’s monetary policy offers some support.
Asian stocks move mixedwhile US equity futures maintain the recent advance. Looking ahead, most major European markets are closed for the Whit Monday holiday, with the exception of the UK, which is expected to experience mild trading conditions.
Regarding the main currencies, the us dollar is on the defensive along with Treasury bond yields, leading to the EUR/USD around 1.2200. The GBP/USD It rises above 1.4150 as investors ignore concerns about the UK reopening amid a rapid rise in tensions caused by the Indian variant of COVID.
The AUD/USD remains positive above the 0.7700 level despite falling iron ore and copper prices. The NZD / USD moving towards 0.7200, helped by strong New Zealand retail sales data.
The oro It is approaching the prior week highs of $ 1,890, with the bulls targeting the $ 1,900 level. The WTI briefly recaptures the $ 64.00 level after a possible roadblock in talks on the Iran nuclear deal.
The market for cryptocurrencies He is licking his wounds after another fall on Sunday. Bitcoin is hovering around $ 35,000, having tested the $ 31,000 level the day before.
Amid a light economic calendar, the spotlight will be on speeches by BoE Governor Anrew Bailey and Fed officials.
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