- Monday without US investors (Memorial Day)
- European stock indices ended the session higher
- Partial lifting of restrictions in Shanghai supports the stock market
- Representatives of the EU countries are to sign an agreement on a 10 billion USD aid package for Ukraine
- German inflation above expectations
- Dollar remains weak after the weekend
- EURUSD negates important technical resistance
- CAD and AUD are the best performing major currencies while JPY and CHF remain the weakest
- Crude oil prices are at their highest in two months, WTI and Brent are up over 1.5%, the EU continues negotiations on the Russian oil embargo
- Cryptocurrencies also gain after the weekend and begin to imitate the behavior of stock indices, which was not visible before the weekend, when the correlation was opposite, Bitcoin almost 5% on the upside
During today's session we could see a continuation of the sentiment from the end of last week. While the macroeconomic calendar for today was rather sparse, we owe the positive sentiment to reports from Asia, where there was a partial lifting of restrictions (in Shanghai). The main stock indices from the Old Continent ended the session higher. However, the volatility was somewhat lower due to the absence of investors from the US. Trading in the United States will resume after the long weekend only tomorrow. Looking at individual European stock indices, the German DAX did well, gaining just under 0.8%. Growth in France (CAC40) exceeded 0.7%, and over 0.8% strengthened the Dutch AEX.
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Create account Try a demo Download mobile app Download mobile appOIL.WTI quotations managed to cross the resistance zone at the level of $116.60, which stems from the peaks of March this year. If the upper limit of the wide growth channel is also broken, the growths can reach the level of $119.00, where the equality of the growth sections is located (the last 3 impulses marked with rectangles were of similar range). Source: xStation5
