Easy Forex Daily Forex Report 30-05-2014
May 30, 2014 1:35 pmVideo
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The EU Morning Report – The US equities at their all-time highs – 30 May 2014
Currencies
The US dollar (USD) declined from the level of 1.0871 down to 1.0824 against the Canadian dollar (CAD) and reached its monthly low. The loonie appreciated as the monthly Canadian GDP will be revealed at 12:30 GMT with expectations at 0.1%. Anything higher may pave the way towards new lows.
Equities
The US equities climbed up to new highs, with the US 500 (SPI) recording its all-time high at 1917 and the US Tech (NDQ) reached its three month high at 3736.
Commodities
WTI Crude (Oil) rebounded from its low at 102.60 all the way up to 103.90 US dollars per barrel, despite the fact that the US crude oil inventories are expanded more than expected.
Mover & Shaker with FX Options
Gold (XAU) continued the downside reaching the level of 1251 US dollars an ounce. Investors are shifting away from metals and towards riskier assets, as the US economy shows signs of improvement.
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