May 28: Digest Review

On this calm day we have only a few important reports.

Economic News
2019年5月28日

Tuesday is expected to be a very calm day. The greatest volatility is expected in currency pairs with the Swiss franc and the USD. In the morning data on Switzerland's GDP was published, as well as the country's trade balance. Macroeconomic reports turned out to be multidirectional as the GDP grew by 0.6% in the first quarter, which is 2 times more than expected. However, the surplus of the trade balance decreased in April at a faster pace than expected.

In the evening, we will have only information about the index of consumer confidence in the United States, which in the opinion of investors in May is expected to grow by 0.9 pips compared with April.

The demand for safe assets remains high after Donald Trump's message about the unwillingness to conclude a trade deal with China. Based on this, we can assume that commodity currencies, especially the AUD and the NZD, are unlikely to be able to count on support in the near future.

Stanislav Litinskyi

Economic News

EU Elections Are Over

The results are in and are better than expected, which has calmed the markets.

Anna Sneider
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Economic News

Theresa May Resigning in June

The Prime Minister will be stepping down.

Anna Sneider
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Economic News

Oil Poised for Long-Term Losses

Today the price of oil is going up, but it might not last.

Anna Sneider
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