Victor Camargo
05/28/2021
Forex
EURUSD : This Friday, the euro came to test the region of 1.21300, its highest pointdown since May 17, before reversing his losses and returning to near hisopening point in the session.
DXY : The DXY index was up slightly, extending gains from the previous session,testing the 90.4 region, before reversing the gains to also return toclose to its opening point. The dollar gained some strength, supported by strongeconomic data, such as personal expenses and claims for unemployment insurance.
Commodities
Gold : For the second consecutive session, gold was falling, being traded inaround USD 1890 an ounce, due to signs of strong economic recovery and high prices in theUS treasury yields . Anyway, the metal should register its fourth weekconsecutive discharge
Indexes
Wall Street : A bullish day, with the Dow Jones scoring around 100 points, while theS&P 500 and Nasdaq were up 0.3% and 0.7% each, respectively. At the end oftoday, the USD 6 trillion budget project to boostinfrastructure plans and social programs for the year 2022 will be highlighted. Atweek, the Dow Jones is expected to add about 0.75%, the S&P 500 1.1% and the Nasdaq, about
Europe : In Europe, the indices extended their gains to close the day at highsrecords, with the DAX 30 surpassing the 15500 point mark. Other indicesimportant amounted to between 0.3% and 0.8%
News
United States Core Personal Consumption Expenditure Price Index : Pricesbasic PCE in the USA, which exclude volatile food and energy costs,registered an increase of 3.1% in the annual comparison in April 2021, after a gainrevised from 1.9% in March; expectations were 2.9%. It is the highest rate since the1990s, well above the Fed’s 2% target.Fed officials have reiterated that price pressures, including fiscal stimulus,supply restrictions and rising commodity prices are transitory. There are alsoa low base effect compared to last year, considering that the pandemic ofcoronavirus affected economic activity and lowered prices.
United States Personal Spending : Personal spending in the United States increasedin April 0.5% in relation to the previous month, after a revised increase of 4.7% in Marchand in line with expectations, since the population was spending more on services,dinners and trips. The increase of USD 80.3 billion in the PCE reflected an increase of USD112.6 billion in spending on services, partially offset by a reduction ofUSD 32.3 billion in spending on goods. In services, the largest contributors to theincrease was spending on recreational services and on food and accommodation.Within goods, the drop in non-durable goods was partially offset by aincrease in durable goods. In non-durable goods, the decline was widespread and ledfor food and drinks. In the durable goods segment, the increase was explained by thehigh automotive vehicles and parts
Source: https://wintrademarkets.com/
