[Belgrade Bobby]

European markets wrap: Oil up, stocks down on continued US-Iran tensions

WTI crude up 3% to $91.37 Stocks move down, DAX and CAC 40 both lower by 0.5% on the day
S&P 500 futures down 0.3%, Nasdaq futures down 0.7% US dollar holds steadier across the board
US 10-year yields up 2.5 bps to 4.506% Gold down 1.7% to $4,381

[GVI Forex 2]

EURUSD 4 HOUR

More headline watching

Filled the opening week gap (red arrow) and back to unchanged on the day after a bounce from a 1.1586 low. .

Levels are clear at 1.1576 and 1.1662 with limited foll;ow through unless/until either side is broken.

[Adam Global]

ßitcoin joining the falling crew 📉

As $70K is now the target 🎯

If $70K doesn’t support 📈 ßitcoin is in trouble

[Adam Global]

EURUSD stuck inside a range form📈📉📈📉

1.16500 is resisting 📉 while

1.1600 is supporting 📈

More people are selling 📉 since 🇺🇸💵 is gaining momentum

[Adam Global]

Wow day for the market

All caused by oil 🛢 edging higher 📈 with 🇺🇸 carrying strikes on 🇮🇷

💛GOLD 💛 Slipping 📉 lower above 4355.00 as all eyes 👀 turn to Core PCE price index & prelim GDP

[GVI Forex 2]

Looking ahead, highlights include US Initial Jobless Claims (May/23), US GDP 2nd Estimate (Q1), US Core PCE (Apr), US Durable Goods Orders (Apr), US Real Consumer Spending 2nd Estimate (Q1), Atlanta Fed GDP (Q2), ECB Minutes (Apr), SARB Policy Announcement (May).

Speakers include Fed’s Williams & Barkin, BoE’s Breeden, ECB’s Schnabel & SNB’s Schlegel.

Supply from the US,

Earnings from Dell.

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

Newsquawk Daily US Opening News – 28th May 2026

(Right click on any image (or chart) to open a full screen in a new tab)

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

XAUUSD (GOLD) 1 HOUR

Paused above next target (4350) with a low at 4366.

Back above 4400 is needed to cool the risk but only above 4457-66 would negate it.

Otherwise, still hostage to the risk mood, especially risk off.

[GVI Forex 2]

Forex Market Snapshot

]The dollar firmed overnight following the Middle East flare up but has since come off its highs after there were no reports of further escalation.

This leaves traders with little choice but to stay defensive with one eye on newswires for the next headline.

Underperformers: AUD and NZD (but off their lows)

EURUSD filled its opening week gap (1.1601) but is back above 1.16 after bouncing from a 1.1586 low.

[Mtl JP]

TRIGGER POINT

Oil faces ‘trigger point’ in July, expect prices to soar: Expert cnbc

Fereidun Fesharaki, Chairman Emeritus of FGE NexantECA, says markets are at a stage where ‘any news is good news’ when it comes to peace prospects, but that traders need to brace for a potential jump in prices in July.

$200/bbl ? $6 – $7/gallon ? sometine july / august ?

[Mtl JP]

C’mon BoJ … lets read some of your roar
about watching intently (or something like that)

will take more moRE new billions AND possibly co-operation from bessent

[Mtl JP]

OIL popping uP some, suspect in reaction to some headline(s)

maybe to “Iran will not back down from red lines in negotiations, Iranian security official says.

Azizi asserted that the red lines include Iran’s right to enrich uranium, possess enriched uranium, and manage the Strait of Hormuz, in addition to the lifting of all sanctions.” – Jerusalem Post

[GVI Forex 2]

COMING UP:

Data: Spanish Retail Sales (Apr), EU Consumer Confidence Final (May), US Initial Jobless Claims (May/23), GDP 2nd Estimate (Q1), Durable Goods Orders (Apr), Real Consumer Spending 2nd Estimate (Q1), PCE (Apr), Atlanta Fed GDP (Q2).

Events: BoK Policy Announcement (May), ECB Minutes (Apr), SARB Policy Announcement (May).

Speakers: Fed’s Williams, Jefferson, Goolsbee, Barkin; BoE’s Breeden; ECB’s Lane, Lagarde, Cipollone, Schnabel; SNB’s Schlegel.

Supply: UK, Italy,

US. Earnings: Dell.

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

Newsquawk US Market Wrap: Stocks consolidate below record highs amid reported geopolitical progress

SNAPSHOT: Equities flat, Treasuries up, Crude down, Dollar flat, Gold down

(Right click on any image (or chart) to open a full screen in a new tab)

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR

New record high (30327) followed by a retracement keeps the focus on 30K, which still needs to be established as support to signal the next leg up.

Otherwise, watch the trendline and 29692, above which is needed for the focus stays on 30K or higher.

[GVI Forex 2]

US500 (SP500) 4 HOUR

Now consolidating below the new record high at 7560 (by 3 pips) with a bid as long as 7500 holds on the downside (note double bottom around 7505).

[GVI Forex 2]

XAUUSD vs. BTCUSD: Both on the defensive

XAUUSD: Looks like someone defended 4400 and while above 4450-55 would cool the risk, only 4500+ would cool it further, 4540+ to negate it.

BTCUSD: Damage not yet fatal as a break of 74165 is what is needed to open the door to 73500 and below. At a minimum, 75K+ is needed to cool the risk. above 76K to negate it..

XAUUSD                                                       BTCUSD

[GVI Forex 2]

Market Update

So far no market moving headlines from the WH cabinet meeting as can be seen by these 1 hour charts. Will see if there is a Q&A so stay tuned.

EURUSD                                       NAS100                            XBRUSD

[GVI Forex 2]

Stay tuned. There will be live coverage of the WH cabinet meeting to begin shortly.

[GVI Forex 2]

Market Update

Algos running the trading asylum waiting for news from the White House meeting.

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

US Stock Market Update

Wave of profit-taking after new record highs led by the NAS with US500 following with a lag (only extended its high by 3 pts.

7500 (currently above) and 30K (currently back below), are both pivotal in setting respective tones for these indices, not only today but going forward.

US500 NAS100

[GVI Forex 2]

MARKET UPDATE (EURUSD pops over 1.1650… STILL A PIVOTAL LEVEL)

Risk-on move as Iranian State TV reports draft of the initial unofficial framework for MoU with US; Brent loses around $2/bbl, equities and fixed income bid, high-beta FX boosted

Analysis Details
Moves paring a touch on “Islamabad Memorandum Framework is not yet finalized; no step will be taken by Iran without “Tangible Verification” (Newsquawk)

[Adam Global]

Us500cash edging 📈 higher after hitting records high 📈

AI driven growth is pushing all tech-stocks higher 📈

Even Us100Cash hit $30K 📈

[Adam Global]

🥺 Sold 💛GOLD💛 📉 & went out too early 😭

[Adam Global]

EURJPY ranging between 184.00 & 185.00

A breakout 📈 is about to happen and more trades 📈 are buying in & aiming for 186.25

[Adam Global]

USDJPY 📈 edging higher to 160.00

155.00 is supporting 📈 the momentum

We’ll see if 161.00 📉 will reject the trend yet again or a break is up-next to 165.00

[Adam Global]

NZD💵 holding cash rates steady & spiked📈 during Asian session

0.5830 supporting 📈

0.5920 might be next 📈

[GVI Forex 2]

XAUUSD (GOLD) DAILY

Risk on correlation algos not working with XAUUSD breaking down with the move through 4453. If the break holds, 4350 is next support.

Back above 4453/4476/4500 are needed to cool the risk.

[Adam Global]

ßitcoin still hovering above $75K

If $75K doesn’t support 📈 for further gain

ßitcoin would be in trouble 📛

[Adam Global]

Oil 🛢 rejecting 📉 $95/🛢

Edging lower to $90 but with talk still ongoing its a wait & see-sell situation

[Author]

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