{"id":172235,"date":"2026-05-29T06:14:45","date_gmt":"2026-05-29T06:14:45","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=172235"},"modified":"2026-05-29T06:14:45","modified_gmt":"2026-05-29T06:14:45","slug":"nordfx-morning-market-update-may-29-2026","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=172235","title":{"rendered":"NordFX Morning Market Update | May 29, 2026"},"content":{"rendered":"<p><strong>\ud83c\udf0f Asian Markets<\/strong> Asian stocks fell across the board on Thursday amid renewed Middle East tensions. Nikkei 225: -0.47% (64,693). Hang Seng: -1.27%. Kospi: -0.53% (8,185). ASX 200: -1.43% (8,593). The lone exception\u200a\u2014\u200aChina\u2019s CSI 300 eked out a +0.12% gain\u00a0(4,914).<\/p>\n<p><strong>\ud83c\uddfa\ud83c\uddf8 Wall Street (May 28 close)<\/strong> S&amp;P 500 closed at a record 7,564 (+0.58%). Nasdaq hit a record 26,917 (+0.91%). Dow edged up to 50,669 (+0.05%). Snowflake surged 36.5%\u200a\u2014\u200aits best day ever\u200a\u2014\u200aafter strong earnings guidance and a $6B Amazon cloud deal reignited AI enthusiasm. Microsoft, Oracle and Palantir each gained\u00a03\u20134%.<\/p>\n<p><strong>\ud83d\udcca Macro<\/strong> April PCE inflation (the Fed\u2019s preferred gauge) rose to 3.8% YoY\u200a\u2014\u200athe highest since May 2023\u200a\u2014\u200adriven by the Hormuz energy shock. Core PCE: 3.3%. Q1 GDP was revised down to 1.6%. Rate cuts remain off the\u00a0table.<\/p>\n<p><strong>\ud83d\udee2\ufe0f Oil<\/strong> WTI: ~$88\/bbl | Brent: ~$92\/bbl. Prices eased this morning after reports of a tentative 60-day US-Iran ceasefire extension, though Trump has not yet signed off. Iran\u2019s skepticism keeps the Strait of Hormuz risk\u00a0alive.<\/p>\n<p><strong>\ud83d\udfe1 Gold<\/strong> ~$4,500\/oz\u200a\u2014\u200astruggling near a 2-month low. Persistent inflation and reduced rate-cut expectations continue to weigh on the\u00a0metal.<\/p>\n<p><strong>\u20bf Bitcoin<\/strong> ~$73,555 (-2.1%). Risk-off mood tied to geopolitical uncertainty and inflation fears drags crypto\u00a0lower.<\/p>\n<p><strong>\ud83d\udcb1 Forex<\/strong> EUR\/USD: ~1.1652. Dollar may strengthen further if US-Iran talks collapse, as energy-driven inflation raises the prospect of a more hawkish\u00a0Fed.<\/p>\n<p>\u26a0\ufe0f <em>This is not investment advice. Trading involves\u00a0risk.<\/em><\/p>\n<p><a href=\"https:\/\/medium.com\/coinmonks\/nordfx-morning-market-update-may-29-2026-feac27f48947\">\ud83c\udf05 NordFX Morning Market Update | May 29, 2026<\/a> was originally published in <a href=\"https:\/\/medium.com\/coinmonks\">Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"<p>\ud83c\udf0f Asian Markets Asian stocks fell across the board on Thursday amid renewed Middle East tensions. Nikkei 225: -0.47% (64,693). Hang Seng: -1.27%. Kospi: -0.53% (8,185). ASX 200: -1.43% (8,593). The lone exception\u200a\u2014\u200aChina\u2019s CSI 300 eked out a +0.12% gain\u00a0(4,914). \ud83c\uddfa\ud83c\uddf8 Wall Street (May 28 close) S&amp;P 500 closed at a record 7,564 (+0.58%). Nasdaq [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":172236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-172235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/172235"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=172235"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/172235\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/172236"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=172235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=172235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=172235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}