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EUR/USD STAYS BELOW 1.0900 AFTER UPBEAT US CONFIDENCE DATA
EUR/USD stays below 1.0900 after upbeat US confidence data. EUR/USD fell to the 1.0870 area and erased its daily gains after rising toward 1.0900 earlier in the day. Upbeat consumer confidence data from the US helps the US Dollar stay resilient against its rivals and makes it difficult for the pair to preserve its bullish momentum.
GBP/USD PULLS AWAY FROM TWO-MONTH HIGH, TRADES BELOW 1.2800
GBP/USD pulls away from two-month high, trades below 1.2800. GBP/USD turned south and declined below 1.2800 after setting a two-month high above this level earlier in the day. The noticeable improvement seen in the US Consumer Confidence helps the US Dollar stage a rebound in the American session, capping the pair’s upside.
GOLD LOSING BULLISH MOMENTUM, STILL UP
Gold losing bullish momentum, still up. Gold retreated to the $2,350 area after rising above $2,360 in the early American session. The benchmark 10-year US Treasury bond yield stays in positive territory after upbeat consumer sentiment data from the US and limits XAU/USD rebound.
BITCOIN WALLET TAGGED AS MT.GOX TRANSFERRED NEARLY $2.93 BILLION IN BTC, THE ASSET HOVERS AT AROUND $68,000
Bitcoin wallet tagged as Mt.Gox transferred nearly $2.93 billion in BTC, the asset hovers at around $68,000. Bitcoin hovers around the $68,000 level on May 28, Tuesday as market participants brace for Mt.Gox transfers of BTC. The defunct crypto exchange’s wallet, tracked by on-chain intelligence trackers, have made BTC transfers to a new wallet.
INFLATION DATA AND NEW US SETTLEMENT RULES TO DOMINATE SENTIMENT
Inflation data and new US settlement rules to dominate sentiment. Risk sentiment has faltered in recent weeks, and global stock markets have experienced a mild sell-off, as the focus shifts to a plethora of economic data that is released this week. The focus will be the Eurozone’s first reading of May CPI and the US core PCE index.
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