Market News


TIME
2020-05-28 14:09 GMT
Pair

Summary
Major equity indexes opened modestly higher on Thursday as investors seem to be taking a step back while assessing the latest macroeconomic data relea
Content
  • US stocks stay relatively calm, post small gains on Thursday.
  • 5 out of 11 major S&P 500 sectors trade in negative territory.
  • US economy is expected to contract by 5% in first quarter.

Major equity indexes opened modestly higher on Thursday as investors seem to be taking a step back while assessing the latest macroeconomic data releases from the US. As of writing, the Dow Jones Industrial Average and the S&P 500 were both up 0.2% on the day and the Nasdaq Composite was flat at 9,442 points.

Energy shares underperform

The US Bureau of Economic Analysis' second estimate showed that the real Gross Domestic Product is expected to decline by in the first quarter of 2020. This reading came in worse than the previous estimate and the market expectation of -4.8%.

Other data revealed that 2.1 million American applied for unemployment benefits in the week ending May 23rd and Durable Goods Orders fell by 17.2% in April to beat analysts' forecast for a decline of 19%.

Among the 11 major S&P 500 sectors, the Energy Index is down 1% on the day as the top-decliner. On the other hand, the defensive Utilities Index is up nearly 2%. 


Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 14:04 GMT
Pair

Summary
Canada Current Account below forecasts (-10B) in 1Q: Actual (-11.09B)
Content

Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 14:00 GMT
Pair

Summary
United States Pending Home Sales (YoY) declined to -33.8% in April from previous -16.3%
Content

Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 14:00 GMT
Pair

Summary
The greenback, in terms of the US Dollar Index (DXY), is now losing further momentum and drops to daily lows in the 98.70/75 band. US Dollar Index wea
Content
  • DXY comes under extra selling pressure and drops to 98.75/70.
  • Flash Q1 GDP seen contracting 5.0%, a tad below consensus.
  • Initial Claims rose at a weekly 2.123 million, missing estimates.

The greenback, in terms of the US Dollar Index (DXY), is now losing further momentum and drops to daily lows in the 98.70/75 band.

US Dollar Index weaker post-data

The index gathered extra downside pressure after the second revision of US GDP showed the economy is now expected to contract at an annualized 5.0% in the January- March period.

Results from the labour market also came in short of expectations after Initial Claims increased by around 2.1 million Americans during last week. Continuing Claims, however, shrunk to a little more above 21 million, also bettering predictions.

Additional US data noted Durable Goods Orders contracted 17.2% during April and Core orders dropped 7.4%, both prints surpassing previous forecasts.

Next on tap will be April’s Pending Home Sales and the weekly report on US crude oil inventories by the EIA.

What to look for around USD

The greenback lost momentum just below 100.00 the figure so far this week on the back of a better mood in the riskier assets. In the meantime, the dollar remains vigilant on the US-China trade front, the gradual return to some sort of normality in the US economy and developments from the coronavirus pandemic. On the constructive stance around the buck, it remains the safe haven of choice among investors, helped by its status of global reserve currency and store of value. The dollar also derived extra support after Fed’s J.Powell recently ruled out negative rates, although he stressed the readiness of the Fed to implement further measures to support the economy.

US Dollar Index relevant levels

At the moment, the index is retreating 0.20% at 98.76 and faces the next support at 98.72 (weekly low May 27) followed by 98.57 (monthly low May 4) and then 98.49 (200-day SMA). On the upside, a break above 99.98 (weekly high May 25) would aim for 100.56 (monthly high May 14) and finally 100.93 (weekly/monthly high Apr.6).


Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 14:00 GMT
Pair

Summary
United States Pending Home Sales (MoM) registered at -21.8%, below expectations (-15%) in April
Content

Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 13:53 GMT
Pair
EUR/USD
Summary
The bid tone around the European currency stays well and sound for another session on Thursday and is now lifting EUR/USD to new monthly tops around 1
Content
  • EUR/USD advances further to monthly tops around 1.1040.
  • Advanced US Q1 GDP came in below expectations at -5.0%.
  • German flash CPI contracted 0.1% on a monthly basis in May.

The bid tone around the European currency stays well and sound for another session on Thursday and is now lifting EUR/USD to new monthly tops around 1.1040.

EUR/USD faces extra gains above 1.1000

EUR/USD is up for the third straight session on Thursday and is looking to consolidate further the breakout of the psychological barrier at 1.10 the figure, always on the back of persistent weakness surrounding the buck.

Adding extra downside pressure to the dollar, the second estimate of the US Q1 GDP showed the economy is now seen shrinking at a yearly 5.0%, while Initial Claims topped 2 million citizens during last week.

On the not-so-negative side, Continuing Claims rose a tad above 21 million and headline Durable Goods Orders contracted 17.2%, both prints coming in above previous estimates.

What to look for around EUR

EUR/USD has finally managed to reclaim the 1.1000 barrier and above, initially allowing for the continuation of the uptrend, at least in the very near term. In the meantime, USD-dynamics and US-China trade effervescence keep driving the sentiment in the global markets. On the domestic scenario, the euro is deriving extra oxygen from news of an aid package proposed by the European Commission as well as progress on the re-opening of economies in the Old Continent. Further legs for the pair can be found in the solid position of the euro area’s current account.

EUR/USD levels to watch

At the moment, the pair is advancing 0.29% at 1.1035 and a break above 1.1040 (monthly high May 28) would target 1.1147 (weekly high Mar.27) en route to 1.1186 (61.8% Fibo of the 2017-2018 rally). On the other hand, immediate contention emerges at 1.0870 (weekly low May 26) seconded by 1.0774 (weekly low May 14) and finally 1.0727 (monthly low Apr.24).

 


Chart
Null
Technical Analysis
DATE: 0001-01-01T00:00:00 : 0 Close: 0 high: 0 low: 0 bid: 0 ask: 0 pct: 0
Key Level
S1: 1.0949 S2: 1.0893 S3: 1.0853 R1: 1.1046 R2: 1.1087 R3: 1.1143
Trend Index
Recommendation : Bullish Strength : 3
OBOS Index
OBOS Index : Overbought

TIME
2020-05-28 13:52 GMT
Pair

Summary
The oil recovery started in April’s lows consolidates after hitting fresh May’s highs. WTI is trading above the 100 and 200 SMAs on the four-hour but just bel
Content
  • WTI is trading off the May’s highs near $33.00 per barrel.
  • Strong resistance is limiting WTI advances near the 34.25 level.
 

WTI four-hour chart

 
The oil recovery started in April’s lows consolidates after hitting fresh May’s highs. WTI is trading above the 100 and 200 SMAs on the four-hour but just below the 50 SMA, suggesting a mixed picture. However, as the oil market remains fragile and in a dominant bear trend, it remains to be seen if the black gold can regain the 34.25 resistance. More likely, sellers will be looking for a retest of the 32.00 support level with the potential for a drop towards the 30.00 figure. 
 
 
 
 
Resistance: 34.25, 36.00
Support: 32.00, 30.00
 

Additional key levels

 


Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 13:45 GMT
Pair
AUD/USD
Summary
The intraday USD selling pressure picked up paced during the early North American session and lifted the AUD/USD pair to fresh daily tops, around mid-
Content
  • The emergence of some fresh USD selling assisted AUD/USD to regain traction on Thursday.
  • The set-up favours bulls and supports prospects for a move towards reclaiming 0.6700 mark.

The intraday USD selling pressure picked up paced during the early North American session and lifted the AUD/USD pair to fresh daily tops, around mid-0.6600s. The pair has now reversed a major part of the previous day's modest pullback, with bulls attempting a fresh move up beyond the very important 200-day SMA.

Meanwhile, the recent appreciating move since the first half of April has been along an upward sloping channel, suggesting a well-established near-term bullish trend. The constructive outlook is further reinforced by bullish technical indicators on the daily chart, which are still far from being in the overbought zone.

Hence, a move beyond the 2-1/2-month-tops, around the 0.6675-80 supply zone, now looks a distinct possibility. The pair seems all set to aim towards challenging the trend-channel resistance near the 0.6715 region. Some follow-through strength will confirm a near-term bullish breakout and set the stage for additional gains.

On the flip side, the 0.6600 round-figure mark now seems to act as immediate strong support, below which the pair might correct to the 0.6525 horizontal support. Failure to defend the mentioned support might drag the pair to sub-0.6500 levels, a confluence region comprising of 100-day SMA and the lower end of the trend-channel.

AUD/USD daily chart

fxsoriginal

Techical levels to watch

 


Chart
Null
Technical Analysis
DATE: 0001-01-01T00:00:00 : 0 Close: 0 high: 0 low: 0 bid: 0 ask: 0 pct: 0
Key Level
S1: 0.6566 S2: 0.6510 S3: 0.6453 R1: 0.6679 R2: 0.6736 R3: 0.6792
Trend Index
Recommendation : Bearish Strength : -1
OBOS Index
OBOS Index : Neutral

TIME
2020-05-28 13:44 GMT
Pair
GBP/USD
Summary
The UK's chief Brexit negotiator David Frost said on Thursday that he was hoping that they could make some constructive progress at the next round of
Content

The UK's chief Brexit negotiator David Frost said on Thursday that he was hoping that they could make some constructive progress at the next round of Brexit talks with the EU.

"We are quite away from a broad outline of an agreement," Frost added. "We will at some point need to tell businesses what they have to be ready for at year-end."

Regarding a possible extension, Frost said that they will not agree to it even if the EU asks for it. 

Market reaction

The GBP/USD pair retreated slightly from session highs on these comments and was last seen gaining 0.3% on the day at 1.2285.


Chart
Null
Technical Analysis
DATE: 0001-01-01T00:00:00 : 0 Close: 0 high: 0 low: 0 bid: 0 ask: 0 pct: 0
Key Level
S1: 1.2192 S2: 1.2123 S3: 1.2042 R1: 1.2342 R2: 1.2423 R3: 1.2492
Trend Index
Recommendation : StronglyBearish Strength : -5
OBOS Index
OBOS Index : Neutral

TIME
2020-05-28 13:38 GMT
Pair
EUR/USD
Summary
The EUR/USD pair trades near its recent monthly high at 1.1035, bullish, according to intraday technical readings after the US data came in mixed, FXS
Content

The EUR/USD pair trades near its recent monthly high at 1.1035, bullish, according to intraday technical readings after the US data came in mixed, FXStreet’s Chief Analyst Valeria Bednarik reports.

Key quotes

“The market ignored mixed European data, as the EU Economic Sentiment Indicator came in at 67.5 in May, missing the market’s expectation of 70.3. Consumer Confidence in the same period printed at -18.8 as expected. Germany released the preliminary estimate of May’s inflation, with the annual CPI at 0.5%, as expected, down from 0.8% in April.”

“Durable Goods Orders fell by a new record of 17.2%, although better than the -19% forecast. The economic contraction in the country was revised lower to -5.0% for the first quarter of the year, according to the second estimate of the GDP. Finally, 2.12 million people filed for unemployment support in the week ended May 22, worse than anticipated.”

“In the 4-hour chart, EUR/USD is developing well above a bullish 20 SMA, while technical indicators resumed their advances within positive levels, in line with another leg higher. The pair needs now to run through 1.1040 to be able to extend its advance.”

 


Chart
Null
Technical Analysis
DATE: 0001-01-01T00:00:00 : 0 Close: 0 high: 0 low: 0 bid: 0 ask: 0 pct: 0
Key Level
S1: 1.0949 S2: 1.0893 S3: 1.0853 R1: 1.1046 R2: 1.1087 R3: 1.1143
Trend Index
Recommendation : Bullish Strength : 3
OBOS Index
OBOS Index : Overbought

TIME
2020-05-28 13:35 GMT
Pair
USD/CAD
Summary
The USD/CAD pair climbed to a daily high of 1.3790 during the European session but turned south in the last hour as rising crude oil prices provided a
Content
  • USD/CAD falls toward lower limit of daily range near 1.3750. 
  • Rising crude oil prices help loonie gather strength against its rivals.
  • US Dollar Index edges lower following US data dump.

The USD/CAD pair climbed to a daily high of 1.3790 during the European session but turned south in the last hour as rising crude oil prices provided a boost to the commodity-sensitive CAD. As of writing, the pair was flat on the day at 1.3750.

WTI rises on hopes of extended output curbs

Earlier in the day, Reuters reported that Saudi Arabia and some other OPEC producers were planning to extend the existing oil output cuts of 9.7 million barrels per day until December. Supported by this headline, the barrel of West Texas Intermediate (WTI) gained traction and was last seen up 2.1% on the day at $32.85. At 1500 GMT, the EIA will release the weekly Crude Oil Stocks Change data.

On the other hand, the greenback weakened modestly against its rivals and allowed the pair to push lower following macroeconomic data releases.

The US Bureau of Economic Analysis, in its second estimate, revealed that the real Gross Domestic Product in the US was expected to contract by 5% in the first quarter. Other data showed that Durable Goods Orders in April declined by 17.2% to come in better than analysts' estimate for a fall of 19%. At the moment, the US Dollar Index is losing 0.17% on the day at 98.78.

Meanwhile, the only data from Canada showed that the Current Account deficit in the first quarter expanded by $1.8 billion to 411.1 billion.

Technical levels to watch for

 


Chart
Null
Technical Analysis
DATE: 0001-01-01T00:00:00 : 0 Close: 0 high: 0 low: 0 bid: 0 ask: 0 pct: 0
Key Level
S1: 1.3713 S2: 1.3673 S3: 1.3618 R1: 1.3807 R2: 1.3862 R3: 1.3901
Trend Index
Recommendation : StronglyBearish Strength : -5
OBOS Index
OBOS Index : Oversold

TIME
2020-05-28 13:34 GMT
Pair

Summary
US Continuing Claims dropped for the first time since the coronavirus pandemic, which could down the US dollar, according to FXStreet’s analyst Yohay
Content

US Continuing Claims dropped for the first time since the coronavirus pandemic, which could down the US dollar, according to FXStreet’s analyst Yohay Elam.

Key quotes

“The number of ongoing unemployment applications dropped to around 21 million – a devastation figure – but still, the first slide since the coronavirus pandemic.” 

“The better-than projected continuing claims figure may serve as a tie-breaker in favor of higher stocks. In turn, that may weigh on the safe-haven US dollar and to some extent also push the yen lower. Commodity currencies and the euro may be the beneficiaries.”

“The potential downside, later down the line, is if the pendulum swings toward pricing less monetary stimulus by the Federal Reserve, and that could support the greenback. However, the Fed has committed to almost unlimited support in any case, so the pricing of central bank action.”

 


Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 13:16 GMT
Pair
NZD/USD
Summary
The NZD/USD pair edged higher during the early North American session, with bulls making a fresh attempt to build on the momentum further beyond 100-d
Content
  • NZD/USD regains traction on Thursday amid some renewed USD selling bias.
  • The set-up favours bullish traders and supports prospects for additional gains.
  • Any pullback might be seen as a buying opportunity and help limit the downside.

The NZD/USD pair edged higher during the early North American session, with bulls making a fresh attempt to build on the momentum further beyond 100-day SMA resistance near the 0.6200 mark.

Looking at a slightly broader picture, the pair has been trending higher along an upward sloping channel over the past two months or so, supporting prospects for a further appreciating move.

The constructive outlook is further reinforced by the fact that oscillators on the daily chart have managed to hold in the bullish territory and are still far from being in the overbought zone.

Hence, some follow-through strength towards challenging the ascending channel resistance, currently near mid-0.6200s, now looks a distinct possibility amid the prevalent selling bias around the USD.

The mentioned barrier is closely followed by the 61.8% Fibonacci level of the 0.6756-0.5470 downfall, which if cleared might be seen as a fresh trigger for bulls and pave the way for additional gains.

On the flip side, any meaningful pullback might still be seen as a buying opportunity. Dip-buying should help limit the downside near a previous resistance breakpoint, around the 0.6150 region.

NZD/USD daily chart

fxsoriginal

Technical levels to watch

 


Chart
Null
Technical Analysis
DATE: 0001-01-01T00:00:00 : 0 Close: 0 high: 0 low: 0 bid: 0 ask: 0 pct: 0
Key Level
S1: 0.6141 S2: 0.6103 S3: 0.6057 R1: 0.6226 R2: 0.6272 R3: 0.6310
Trend Index
Recommendation : Bullish Strength : 3
OBOS Index
OBOS Index : Neutral

TIME
2020-05-28 13:00 GMT
Pair

Summary
Russia Central Bank Reserves $ up to $565.3B from previous $562.9B
Content

Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 13:00 GMT
Pair

Summary
Poland NBP Base rate registered at 0.1%, below expectations (0.5%)
Content

Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 12:54 GMT
Pair

Summary
Following the crash seen in February-March, the S&P 500 is bouncing up sharply while regaining most of the losses. The market is pushing up in 2.5-month highs
Content
  • The bullish recovery keeps the S&P 500 in 2.5-month highs. 
  • The S&P 500 is about to kick off the New York session above the 3000 key level.
 

S&P 500 daily chart

 
Following the crash seen in February-March, the S&P 500 is bouncing up sharply while regaining most of the losses. The market is pushing up in 2.5-month highs above the main SMA on the daily chart. The index broke above the 3000 critical resistance which can be seen as a positive sign. As bulls remain firmly in control, the market is looking at the 3075/3100 price zone and the 3180 resistance in the medium-term. On the other hand, support can be seen near the 3000, 2960 and 2900 levels initially.
 
   

Additional key levels

 


Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 12:45 GMT
Pair

Summary
The real Gross Domestic Product (GDP) in the US contracted by 5% in the first quarter of 2020, the US Bureau of Economic Analysis' second estimate sho
Content
  • Real GDP in first quarter is expected to decline by 5% in first quarter.
  • US Dollar Index remains calm below 99 after data. 

The real Gross Domestic Product (GDP) in the US contracted by 5% in the first quarter of 2020, the US Bureau of Economic Analysis' second estimate showed. This reading following the first estimate of -4.8% and came in worse than the market expectation of -4.8%.

Further details of the publication showed that the Personal Consumption Expenditure Prices in the second quarter remained unchanged at 1.3% on a quarterly basis as expected. 

Market reaction

This data had little to no impact on the greenback's market valuation. As of writing, the US Dollar Index was down 0.05% on the day at 98.90.


Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 12:42 GMT
Pair
GBP/USD
Summary
The GBP/USD pair managed to reverse a mid-European session dip to an intraday low level of 1.2233, albeit lacked any strong follow-through. The pair w
Content
  • Brexit uncertainties, dovish comments by BoE’s Saunders took its toll on the British pound.
  • Some fresh USD selling extended some support to GBP/USD and helped limit the downside.
  • The USD bulls failed to gain any respite from Thursday’s mixed US macroeconomic releases.

The GBP/USD pair managed to reverse a mid-European session dip to an intraday low level of 1.2233, albeit lacked any strong follow-through. The pair was last seen trading in the neutral territory, around the 1.2265 region and had a rather muted reaction to the US macro data.

Against the backdrop of fresh Brexit jitters, some dovish comments by the BoE MPC member Michael Saunders took its toll on the British pound prompted some intraday selling around the GBP/USD pair. Saunders argued that it was less risky to ease the policy too much in the current environment and also did not rule out the possibility of negative interest rates.

However, the emergence of some fresh selling around the US dollar helped limit further losses, rather assisted the pair to gain some positive traction. The greenback remained depressed through the early North American session and failed to gain any respite from Thursday's mixed US economic releases.

The US first-quarter GDP was revised lower to show a contraction of 5% as compared to 4.8% estimates earlier and the Initial Weekly Jobless Claims came in at 2.123 million as against 2 million expected. The negative growth and employment reports, to a larger extent, were negated by a smaller-than-anticipated fall in Durable Goods Orders data and hence, did little to provide any meaningful impetus.

It will now be interesting to see if the pair is able to gain any meaningful traction or continues with its subdued/range-bound trading action as the focus remains on developments surrounding the US-China disputes. The incoming headlines will play a key role in influencing the broader market risk sentiment and produce some meaningful trading opportunities.

It is worth recalling that the US President Donald Trump has warned a strong reaction to China's planned national security law for Hong Kong. Adding to this, the US Secretary of State Mike Pompeo on Wednesday said that Hong Kong was no longer autonomous from China and does not qualify for its special status under the US law. Meanwhile, China threatened to retaliate with countermeasures against any US actions.

Technical levels to watch

 


Chart
Null
Technical Analysis
DATE: 0001-01-01T00:00:00 : 0 Close: 0 high: 0 low: 0 bid: 0 ask: 0 pct: 0
Key Level
S1: 1.2192 S2: 1.2123 S3: 1.2042 R1: 1.2342 R2: 1.2423 R3: 1.2492
Trend Index
Recommendation : StronglyBearish Strength : -5
OBOS Index
OBOS Index : Neutral

TIME
2020-05-28 12:39 GMT
Pair

Summary
There were 2,123,000 Initial Claims for unemployment benefits in the US during the week ending May 23rd, the data published by the US Department of La
Content
  • Initial Jobless Claims in US came in at 2.12 million in week ending May 23.
  • US Dollar Index posts small daily losses below 99.00.

There were 2,123,000 Initial Claims for unemployment benefits in the US during the week ending May 23rd, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading came in slightly worse than the market expectation of 2.1 million.

Additional takeaways

"The 4-week moving average was 2,608,000, a decrease of 436,000 from the previous week's revised average."

"The advance seasonally adjusted insured unemployment rate was 14.5% for the week ending May 16, a decrease of 2.6 percentage points from the previous week's revised rate."

" The advance number for seasonally adjusted insured unemployment during the week ending May 16 was 21,052,000, a decrease of 3,860,000 from the previous week's revised level."

Market reaction 

The US Dollar Index largely ignored this data and was last seen losing 0.05% on the day at 98.90.


Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 12:33 GMT
Pair

Summary
United States Durable Goods Orders ex Transportation came in at -7.4%, above forecasts (-14%) in April
Content

Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 12:31 GMT
Pair

Summary
Durable Goods Orders in the United States slumped by 17.2% on a monthly basis in April following March's fall of 15.3%. This reading came in better th
Content

Durable Goods Orders in the United States slumped by 17.2% on a monthly basis in April following March's fall of 15.3%. This reading came in better than the market expectation for a decline of -19%.

"Excluding transportation, new orders decreased 7.4%," the US Census Bureau further revealed in its publication. "Excluding defense, new orders decreased 16.2%. Transportation equipment, also down three of the last four months, led the decrease, $23.9 billion or 47.3% to $26.6 billion."

Market reaction

The US Dollar Index edged slightly lower after this data and was last seen losing 0.02% on the day at 98.92.


Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 12:31 GMT
Pair

Summary
United States Durable Goods Orders above forecasts (-19%) in April: Actual (-17.2%)
Content

Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 12:31 GMT
Pair

Summary
United States Personal Consumption Expenditures Prices (QoQ) in line with expectations (1.3%) in 2Q
Content

Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 12:31 GMT
Pair

Summary
United States Core Personal Consumption Expenditures (QoQ) came in at 1.6%, below expectations (1.8%) in 2Q
Content

Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 12:31 GMT
Pair

Summary
United States Durable Goods Orders ex Defense down to -16.2% in April from previous -15.8%
Content

Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 12:31 GMT
Pair

Summary
United States Gross Domestic Product Price Index registered at 1.6% above expectations (1.4%) in 1Q
Content

Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 12:30 GMT
Pair

Summary
United States Gross Domestic Product Annualized registered at -5%, below expectations (-4.8%) in 1Q
Content

Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 12:30 GMT
Pair

Summary
United States Continuing Jobless Claims below forecasts (25.75M) in May 15: Actual (21.052M)
Content

Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 12:30 GMT
Pair

Summary
United States Initial Jobless Claims above expectations (2100K) in May 22: Actual (2123K)
Content

Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

TIME
2020-05-28 12:30 GMT
Pair

Summary
Canada Current Account came in at -17.32B, below expectations (-10B) in 1Q
Content

Chart

Technical Analysis
DATE: : Close: high: low: bid: ask: pct:
Key Level
S1: S2: S3: R1: R2: R3:
Trend Index
Recommendation : Strength :
OBOS Index
OBOS Index :

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