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Risk sentiment improved a little last week, but will likely be on the slide again as President Trump announces a doubling of steel and aluminimum tariffs to take effect this week, which will likely put more focus on the global July tariff negotiation deadline.
WTI Crude Oil went into this weekend with a lower price than it began last week, the commodity via futures pricing finished Friday’s trading near 60.100, but that is not the whole story.
Get weekly insight on top markets: FX, indices, metals & crypto. Key levels & trends to watch from June 2 forecast.
Risk sentiment deteriorated last week as the US/EU trade war came into focus following unproductive negotiations and threatening comments from President Trump, knocking both the greenback and global (especially US) stock markets.
The EUR/USD finished Friday’s trading near the 1.13575 ratio, which was near its high for the week, but the currency pair is still trading near a value it traversed around the 11th of April.
WTI Crude Oil remains within the lower elements of its price range having gone into this weekend near 61.380, this as the U.S Memorial Day holiday gets ready to be observed tomorrow.
Key market insights for May 26: USD, oil, Bitcoin, and stocks react to tariffs and support levels.
Risk-on sentiment has continued to improve, with US stock markets and the US Dollar gaining as President Trump obtained large orders for American gods and services from Saudi Arabia, Qatar, and the U.A.E.
Markets steady: DAX climbs, NASDAQ rallies, Bitcoin holds, USD strong, gold near $3200, EUR & GBP show weakness.
Markets have continued to see a recovery in stocks and other risky asset such as Bitcoin, with the US Dollar also gaining as the US Federal Reserve keeps interest rates unchanged with somewhat hawkish rhetoric.
Mixed signals across markets: Gold hesitates, USD gains, Bitcoin surges. Focus turns to trade talks and US inflation data.
WTI rebounds, but chart shows bearish pattern. Key drivers ahead: inflation data and US-China trade progress.
EUR/USD retests support, signaling a rebound. Key events ahead: US inflation, EU GDP, and China trade updates.
Markets have continued to see a recovery in stocks and other risky assets, with the US Dollar also gaining, and the commodity currencies and US stock markets looking especially strong.
Weekly market wrap: oil dips, gold slips, NASDAQ rallies, and major FX pairs test key levels amid shifting sentiment.
