Eric Feigl-Ding
#Down
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The #USD Index (#DXY) came under pressure and retreated from weekly highs past the 105.00 hurdle against the backdrop of declining #US yields. On May 31, all the attention will be on the release of inflation data tracked by the #PCE along with #Personal #Income and #Personal #Spending.
#EUR/USD briefly tested the 200-day #SMA around 1.0790 before staging a marked comeback to the area beyond 1.0800 the figure. The #EMU’s advanced Inflation #Rate and #Retail #Sales in #Germany will be at the centre of the debate on May 31.
#GBP/USD set aside two daily drops in a row and advanced further north of the 1.2700 barrier following the offered stance in the #Greenback. In the #UK, #Mortgage Approvals and #Mortgage Lending are due on May 31 along with #Nationwide #Housing #Prices.
The upside impulse in #USDJPY lost some traction and sparked a pullback to weekly lows amidst lower #US and #Japanese yields. In the #Japanese docket, the #Unemployment #Rate, preliminary Industrial #Production and #Housing #Starts will all be published on May 31.
Following a brief drop below 0.6600, #AUD/USD managed to regain balance and end the session with marked gains around the 0.6650 area. On May 31, #Housing #Credit is only due #Down #Under.
Prices of #Gold rose modestly on the back of the weaker #dollar and diminishing #US yields, briefly revisiting the $2,350 area per troy ounce.
#Silver, instead, accelerated their losses to three-day lows near the $31.00 mark per ounce.
#EUR/USD briefly tested the 200-day #SMA around 1.0790 before staging a marked comeback to the area beyond 1.0800 the figure. The #EMU’s advanced Inflation #Rate and #Retail #Sales in #Germany will be at the centre of the debate on May 31.
#GBP/USD set aside two daily drops in a row and advanced further north of the 1.2700 barrier following the offered stance in the #Greenback. In the #UK, #Mortgage Approvals and #Mortgage Lending are due on May 31 along with #Nationwide #Housing #Prices.
The upside impulse in #USDJPY lost some traction and sparked a pullback to weekly lows amidst lower #US and #Japanese yields. In the #Japanese docket, the #Unemployment #Rate, preliminary Industrial #Production and #Housing #Starts will all be published on May 31.
Following a brief drop below 0.6600, #AUD/USD managed to regain balance and end the session with marked gains around the 0.6650 area. On May 31, #Housing #Credit is only due #Down #Under.
Prices of #Gold rose modestly on the back of the weaker #dollar and diminishing #US yields, briefly revisiting the $2,350 area per troy ounce.
#Silver, instead, accelerated their losses to three-day lows near the $31.00 mark per ounce.