US markets are closed today for Memorial Day — the week opens with thin liquidity and month-end rebalancing flows, conditions that historically produce outsized moves on little volume. Trade carefully until Tuesday.
💵 USD — Six-Week High, But Slipping
DXY hit ~99.3 Friday but slides to ~99.0 Monday as Iran deal optimism weighs. The Fed held rates at 3.50–3.75% in a split 8–4 vote in late April; markets price just a 2.6% chance of a June cut. Medium-term outlook stays soft — EUR/USD targets 1.19–1.21 by year-end, GBP/USD already above 1.35 for the first time since early 2022. Key data: Consumer Confidence + Durable Goods (Tue), FOMC Minutes (Wed), Q1 GDP Final + Core PCE (Thu). PCE is tipped at 3.8% YoY — nearly double the Fed’s target.
🪙 Gold — ~$4,562, Floor Holding
Down ~18% from January’s all-time high near $5,600 but still up ~40% year-on-year. Last week’s dip to $4,450 was quickly bought. Central banks are on track to buy ~755 tonnes in 2026 — a structural floor. Thursday’s PCE and GDP are the key triggers this week. Goldman Sachs targets $5,400, J.P. Morgan $5,000+ by year-end.
🛢️ Oil — Every Headline Moves It $3–5
Brent closed Friday at $103.54, WTI at $96.60 — both down 5–8% on the week. Monday’s open: Brent -5.5% to ~$98.52, WTI -5% to ~$91.76, after Trump said a US-Iran deal was “largely negotiated.” The Strait of Hormuz — through which ~20% of global oil and LNG flows — has been closed since late February. A confirmed deal pushes Brent toward $80–85; a breakdown spikes it back above $105.
📅 This Week: Tue — Consumer Confidence, Durable Goods | Wed — FOMC Minutes | Thu — Q1 GDP, Core PCE, Jobless Claims | Fri — Chicago PMI, Michigan Sentiment
⚡ Size down and use stops — month-end thin liquidity amplifies every move.
🚀 Trade these markets with NordFX: 👉 https://my.nordfx.com/en/registration?utm_source=social&utm_medium=post&utm_campaign=nordfx
Not financial advice. Trading involves significant risk of loss.
📊 NordFX | Thin Liquidity and Month-End Flows: USD, Gold and Oil into June was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.