UK PM May announced her resignation. Risk appetite picked up in tot he long weekend for US and UK markets with equities rebounding and aiding a recovery in commodity-FX. The UK’s PM announcing her resignation due to take place on 7th June and then act as caretaker PM until a new leader is elected. Elsewhere, Markets US April Durable Goods Orders came from the U.S. calendar, missing estimates by a small amount and non-defence, ex transport .
«However, downward revisions to March gave a decidedly more negative profile to the volatile data series . This raises downside risks for both Q1 GDP and Q2 GDP,» analysts at Westpac explained. As for yields, the US 10 Year Treasury Yield ranged sideways in a 2.31%-2.33% range, the 2 Year between 2.15% and 2.17%. GBP/USD chopped up 60 pips, to 1.2730.
USD/JPY fell from 109.75 to 109.30 without obvious catalyst. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature.
Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.
Click here to read the full article