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EU plans to speed up tariff negotiations after threats, consumer confidence indicators become the focus
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: After being threatened, the EU plans to speed up tariff negotiations, and consumer confidence indicators become the focus." Hope it will be helpful to you! The original content is as follows:
On May 27, in the early Asian market on Tuesday, Beijing time, the US dollar index hovered around 98.82. On Monday, the dollar index continued to fall below the 99 mark and finally closed down 0.15% at 98.95 after Trump's big policy turn and the xmserving.comprehensive spending and tax cut bills he is currently pushing. As Trump suspended high tariffs on the EU, the market's risk aversion sentiment declined, spot gold fell at the opening and fell below $3,330 during the session, but recovered some of the lost ground in the US session and finally closed down 0.42% at $3,342.01 per ounce. Spot silver closed up 0.01% to $33.47 per ounce. Oil prices remained stable on Monday, and it was reported that OPEC+ will hold a meeting on May 31, a day ahead of schedule. ?WTI crude oil fluctuated back and forth above $61, and finally closed down 0.29% at $61.33/barrel; Brent crude oil closed down 0.45% at $64.12/barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovers around 98.82. The brief pullback from the daily high xmserving.comes as the dollar gains some support over hopes of easing U.S.-EU trade tensions, the dollar index remains stable around 99.00, recovering from four-week lows. The U.S. economic agenda will include April durable goods orders, minutes of the Federal Reserve's Open Market xmserving.committee (FOMC) meeting, the second estimate of GDP in the first quarter of 2025, and the release of the core personal consumption expenditure (PCE) price index, which is the Fed's preferred inflation indicator. Technically, if the US dollar index rebounds toAbove the support level of 99.00–99.20, it will move horizontally towards 99.50.
1) Analysis of gold market trends
On Tuesday, gold trading around 3345.51. Gold prices fell to around $3,324 on Monday, but rebounded quickly under the escalation of the situation in Russia and Ukraine and the support of buying on dips, and finally closed at $3,342.23, down only a slight decline of 0.5%. This relatively firm trend exposes the special resilience of gold as a safe-haven asset. This trading day will also release the initial monthly rate of durable goods orders in the United States in April, and investors need to pay attention.
2) Analysis of crude oil market trends
On Tuesday, crude oil trading around 61.16. Geopolitical risks are vaguely visible: Democrats' concerns that the US and Gulf countries' artificial intelligence transactions may leak to Russia or other countries, which may trigger bearish reactions; and the conflict between Israel and Iran may affect oil supply, which may push up the upside risk. Currently, the market is focusing on summer demand and final GDP data released by the U.S. on Thursday.
Forex market trading reminder on May 27, 2025
①14:00Germany June Gfk Consumer Confidence Index
②14:00Swiss April Trade Account
③14:45France May CPI Monthly Rate Early Value
④17:00Eurozone May Industrial Prosperity Index
⑤17:00Eurozone May Economic Prosperity Index
⑥18:00UK May CBI Retail Sales Difference
⑦20:30UK4 Monthly rate of durable goods orders
⑧21:00 Monthly rate of FHFA House Price Index in March
⑨21:00 Monthly rate of the House Price Index in March 20 major cities in S&P/CS in the United States
⑩22:00 Consumer Confidence Index in May
The above content is about "[XM Foreign Exchange Market Review]: After being threatened, the EU plans to speed up tariff negotiations, and consumer confidence indicators become the focus". It is carefully xmserving.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your transactions! Thanks for the support!
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