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EUR/USD Fundamental Highlights - 27 May 2019

SquaredFinancial


The common currency closed above 1.12 on Friday as US Core Durable Goods Orders missed market expectations. This consecutive weak data from the US is starting to worry market participants as the Fed could consider cutting rates if this weakness persists. Moreover, the single currency was bidded higher after the provisional results on Sunday, showing the traditional center-left and center-right parties fell short of a majority for the first time, while Liberals including far-right parties in countries such as France and Italy made gains. We expect a slow day ahead amid a light Macroeconomic calendar as the US and UK markets are closed for holiday.

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