- Monday's session was quiet, which had to do with the absence of investors from the US, as well as the lack of trading in the UK
- Today is Memorial Day in the United States, and the Spring Bank Holiday in the UK so both markets were closed
- Contracts for major indexes in the US rose slightly, with little trading volume - the market's final reaction to the preliminary agreement to raise the debt limit will be known tomorrow
- The NIKKEI Index (JAP225) failed to maintain its euphoric momentum and slipped from levels not seen since July 1990. Growth in Japan is fueled by shares of semiconductor companies and a weakening JPY
- Major stock indexes from Europe started today's session higher, but quickly realized gains and most benchmarks posted declines
- In the end, the DAX (DE30) lost 0.2% very simmiliar to CAC40. On the German stock market, Borussia Dortmund shares were down nearly 27%
- Volatility in the forex market was also limited today, the best performing of the G10 currencies was the Australian dollar, which strengthened 0.3% against the USD
- AUDUSD quotes are attempting to recover from last week's discount, nevertheless the key medium-term resistance here remains the 0.6560-0.6570 zone, and as long as the cus doesn't return above it, the downtrend sentiment applies
- EURUSD quotes remain below the important horizontal zone of 1.0740, which could result in a deepening of the sell-off that has been going on since the beginning of the month
- The strong dollar has put pressure on gold and silver prices recently. Today, the downward sentiment on precious metals continues, with GOLD trading below $1,950 per ounce and Silver at $23.2
- Natural gas scored another down session, losing 2.7% and settling at $2.35 per mmbtu. Oil remained relatively quiet, with OIL contracts rising above $77 per barrel in the final hours of the session;
- Cryptocurrency volatility increased slightly after Bitcoin reacted with a rise on the debt limit news. However, the largest of the cryptocurrencies failed to stay above $28,000
SILVER is now below important short-term resistance zone. The zone of $23.32-$23.42 stems from the local low and the upper limit of the 1:1 system. If the downward sentiment continues, the level of $22.25 should be considered as the nearest support.Source: xStation5
