Trade ideas thread – European session 28 May 2021

News

Daily thread to exchange ideas and to share your thoughts

European trading is likely to shape up as a countdown to the US PCE data release later in the day, as the market will watch for any signs to get the inflation debate started once again after a more lackluster week for the most part.

Equities and risk are steady, with Dow futures up another 0.5% after yesterday’s modest advance. This comes as Treasury yields also tick higher in anticipation of the US PCE data later today, so we’ll see how the market takes to that in US trading.

Just be mindful that it will also be a long weekend so there might be some position unwinding alongside the final actual trading day of the month. All of that put together may make things a little tricky and messy – watch out for the London fix later.

What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.

Articles You May Like

Gold rate today: Yellow metal falls after Powell testimony; silver below Rs 60,250 level
Nike earnings top Wall Street’s expectations, despite inflation in the U.S. and Covid lockdowns in China
Euro Under Broad Based Pressure as Selling Spreads
Oil prices take breather after three-day rally
USD/MXN jumps to the 20.45 area as dollar soars on recession fears