Welcome, Traders!
Today is Sunday the 28th of May or Monday the 29th of May depending on where you are.
Here is a summary of market sentiment ahead of the Asia session.
Sentiment:
A gauge of dollar strength recovered losses on Friday as both the headline and core PCE deflators outperformed expectations, putting pressure on the Federal Reserve to keep raising interest rates, and traders grew more hopeful that a compromise on the US debt ceiling would be reached. Two-year Treasury rates have risen for the 11th consecutive day, the longest sequence since September. The yen fell to its lowest level versus the US dollar since November.
Docket:
There is nothing on the docket for tonight.
Good luck!
