Victor Camargo
05/26/2021
Forex
EURUSD : After starting the session higher, the euro reversed its gains on Wednesdayto be traded in a drop of more than 0.3%, returning to close to 1.22.
DXY : In contrast, the DXY index rebounded to trade around 90,after testing the 89.6 region earlier in the session. Anyway, the dollarremains close to low seen earlier in the year
Commodities
Gold : Up again, the metal extended its gains for the tenth sessionconsecutive and was trading above USD 1900 an ounce, still supported by theweakness of the dollar and concerns about rising inflation. Recent data showedthat the price of homes in the USA has had its biggest jump in years. In addition, a2.9% increase in PCE inflation, whose data is expected to be released on Friday.
Indexes
Wall Street : The main North American indices were up, whileinvestors are still evaluating the prospects for robust growth and are becoming moreconfident that the Fed will maintain accommodative monetary policy. On the corporate side,Ford’s shares rose more than 3% after the automaker announced that it isincreasing spending on electric vehicles to USD 30 billion. Amazon agreedto buy Metro-Goldwyn-Mayer for $ 8.45 billion. In addition, Nvidia, Workday,Williams-Sonoma and American Eagle Outfitters are expected to report earnings after theclosing of the session.
Europe : In Europe, indices closed down, with the DAX 30 retreating from itsrecord high for the 15440 region, while investors wait for more leadson the inflation trajectory. On the corporate side, the British company British Land CoPlc recorded its third consecutive annual loss, while Marks and Spencerexpects its profits this year to recover, but warned that a return todividend payments are unlikely
Source:https://wintrademarkets.com/
