In today’s GCI Market Outlook, let’s take a look at Forex Trading USDCAD, Dow Jones Industrial Average, the NASDAQ, the S&P500, Silver, XAGUSD, and Gold, XAUUSD.
The EUR/USD pair finished the last week of May at around 1.1660, barely up compared to the previous week’s close.
EUR/USD ended Friday at 1.1640 following significant volatility during the previous session. Pressure on the US dollar emerged after reports suggested that the US and Iran had reached preliminary agreements aimed at resolving the conflict. This helped ease market concerns over inflation and the need for further interest rate hikes.
U.S. Treasuries climbed while the dollar index dropped to an intraday low of 98.8, signaling a notable swing in risk sentiment across global markets.
Market maker earns $1.9bn in first-quarter net income as oil prices and Treasury rates seesawed
The rally in software stocks has gone from recovery to raging bull market, and traders are betting there’s more to come.
Dell, IBM among market cap stock movers on Friday
U.S. WTI Midland crude was offered lower into northwest Europe on Friday, while North Sea Troll crude traded at a weaker level, indicating softer differentials in the region as hopes of a U.S.-Iran peace deal weighed on wider markets.PLATTS WINDOW
Why is Ford Motor stock surging to a 3-year high today?
A Cato Institute report found that immigration quotas in the 1920s actually harmed the economic prospects of native-born citizens. Source: fortune.com
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*Investment involves risk. You may use the information, strategies and trading signals on this website for academic and reference purposes at your own discretion. 1uptick cannot and does not guarantee that any current or future buy or sell comments and messages posted on this website/app will be profitable. Past performance is not necessarily indicative of future performance. It is impossible for 1uptick to make such guarantees and users should not make such assumptions. Readers should seek independent professional advice before executing a transaction. 1uptick will not solicit any subscribers or visitors to execute any transactions, and you are responsible for all executed transactions.
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