Market Review 01 Juni 2015
EUR/USD Closing 1.0993, High 1.1005, Low 1.0924; XAUUSD C: 1190.35, H: 1193.85, L: 1185.63; CO-LS C: 60.23, H: 60.70, L: 57.72; Dow C: 18009, H: 18146, L: 17951
Wall Street closed lower on Friday, the last day of trade for the month, as investors digested economic data and remained cautious on continued concerns about Greece. The dollar was mixed against major currencies, as traders saw little in weak first-quarter U.S. gross domestic product data to discourage bets the Federal Reserve will start raising interest rates in 2015. Gold edged up from 2 1/2-week low, supported by a softer dollar and uncertainty over Greece’s debt talks, but remained under pressure from expectations U.S. interest rates might rise soon. Crude oil prices reached the highest level in 5 days after a report from Baker Hughes Inc. showed energy firms pulled another 13 rigs from U.S. oil fields last week, the biggest drop in 4 weeks. Today important data are Manufacturing PMI and HSBC Final Manufacturing from China, Building Approvals m/m from Australia, Manufacturing PMI from U.K, and personal spending m/m and ISM Manufacturing from US.
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