Went to write a bit — I think it was Tuesday? — when the US Dollar decided to shake things up. This whole Memorial Day vibe had folks stepping out for a second, and then, bam, they’re back eyeballing the Senate’s chatter about Trump’s wild tax ideas. Oh, and traders? They’re all over the trade stuff, obviously.
So, Wednesday, May 28. Ever think about that feeling when the US Dollar Index (let’s call it DXY, makes it sound cooler) rebounds like your old mattress? It hit some peak vibes near 99.60 — not sure what that means but sounds impressive. And everyone in finance land was waiting on FOMC Minutes from May 7. I guess they’re important? Mortgage applications, oil inventories, it’s like a buffet of numbers. Plus, Williams and Kashkari from the Fed had their moments planned for the day.
Then there’s the EUR/USD thing. It keeps hitting this imaginary wall at 1.1400. It’s like when your cat tries to jump onto the counter but keeps slipping. Germany’s job stuff — do they still say “arbeitsmarkt”? — was the main show, with some other bits like import prices and inflation talk from ECB.
GBP/USD was like a seesaw, going up and down near 1.3400. The BoE’s Pill was supposed to say something. Probably important?
USD/JPY found the wind beneath its wings amid the Yen’s fall. Reached out to 144.00. The Japanese calendar was offering Foreign Bond Investment numbers and Consumer Confidence reports around May 29. Exciting if you like numbers.
AUD/USD drifted away from its high points above 0.6500. It kind of camped out near 0.6440. They had this CPI thing and construction data keeping people on their toes.
Oil, dear oil. Right around $60 a barrel. People seemed on edge about OPEC+ talks. It’s like waiting for a new album to drop, but with more geopolitics.
Gold kept the melancholy tone from Monday, flirting with lows near $3,280 per ounce. The Dollar’s strength kinda put precious metals in their corner. Silver was just doing its thing, chilling around $32.80 with some moving average jazz.
Alright, I think that’s it. Or was I supposed to…? Never mind.
