Trading Market Commentary May 25, 2017

Commentary

The US market indices struck intraday new record levels, however, did find the US Dollar with a somewhat more difficulty. The USD reclaimed a part of its latest significant losses versus the Euro Dollar the British Pound as well as the Yen yesterday before the FOMC minutes release later today. The marketplace continues to be pricing in an interest rate increase cautiously ahead of the FED upcoming meeting in 3 weeks.

Worldwide equity markets continue to be extremely steady, while volatility remains low, China rating downgraded by Moody was an unexpected move overnight. After 30 years of upgrades, this news caused a moderate drop in stocks throughout the world. However, the Chinese market recovered incredibly well following the early fall.

Bitcoin cryptocurrency surged over the $2400 amount yesterday following a significant scaling agreement, just as it continues on its historical move, with nearly all primary cryptocurrencies accompanied Bitcoin to move higher at this time.

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