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Market Review 28 May 2020

May 28, 2020 (07:18)

by Constantinos Loizou

In the economic calendar of today we can expect some volatility in USD and Crude Oil
At 12:30 (GMT) the US Department of Labor will announce their Initial Jobless claims
That above is a measure of the number of people filing first-time claims for state unemployment insurance.
The result is expected to decrease to 2100K considering the last week that was at 2438K
At 12:30 (GMT) the US Bureau of Economic Analysis will release their Gross Domestic Product (GDP)
GDP shows the monetary value of all the goods, services and structures produced within a country in a given period of time
The result is forecasted to remain the same as the previous month at -4.8%
At 15:00 (GMT) the Energy information Administration of the USA will release the Crude Oil Stocks Change
The result is forecasted to increase at -2.5M considering the last week that was at -4.983M

The original content of this Market Update is done in the English language. Any other language translation is provided for the sake of convenience. In case of any inconsistencies between the original English version and any other language, the original English version shall prevail.

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