{"id":132255,"date":"2026-05-27T12:30:29","date_gmt":"2026-05-27T09:30:29","guid":{"rendered":"https:\/\/ironfx-com.wp-dev.int.theitops.net\/?p=132255"},"modified":"2026-05-27T12:31:13","modified_gmt":"2026-05-27T09:31:13","slug":"fundamentals-to-lead-the-markets-5","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/ph\/fundamentals-to-lead-the-markets-5\/","title":{"rendered":"Fundamentals to lead the markets"},"content":{"rendered":"

Fundamentals to lead the markets<\/strong><\/strong><\/p>\n\n\n\n

The USD remained relatively stable yesterday and during today\u2019s Asian session and given the low number of high impact financial releases on today\u2019s calendar, we expect fundamentals to lead the markets. The USD is expected to maintain the initiative in the FX market with its safe haven status being the primary factor behind its direction. Issues like the latest developments in the US-Iranian conflict and the Fed\u2019s intentions about its monetary policy are considered key currently.<\/p>\n\n\n\n

Oil\u2019s pullback seems to be preserved<\/strong><\/strong><\/strong><\/p>\n\n\n\n

The drop of oil prices on Monday seems to be maintained for now as oil prices retreated in today\u2019s Asian session. On a fundamental level, oil market participants seem to be placing their hopes for a possible deal between the US and Iran that would re-open the Straits of Hormuz and allow for oil shipments to restart.<\/p>\n\n\n\n

US stock markets remain confident<\/strong><\/p>\n\n\n\n

US stock markets tended to remain confident, with market hopes for the potential of AI technology and a reopening of the Straits for Hormuz feeding the bulls. In the specifics, we highlight the drop of Ferrari\u2019s (#RACE) share price yesterday as the revealing of the company\u2019s first EV seems to be disappointing traders.<\/p>\n\n\n\n

Gold\u2019s bearish tendencies<\/strong><\/p>\n\n\n\n

Gold\u2019s price edged lower yesterday and during today\u2019s Asian session as the USD tended to strengthen a bit in the FX market. We continue to view the negative correlation between the two trading instruments as active and should the USD continue to rise we may see gold\u2019s price losing more ground. <\/p>\n\n\n\n

Other highlights for today<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/h2>\n\n\n\n

Today we get the US Richmond Fed Composite Index for May and later on the US API weekly crude oil inventories figure. On a monetary level we note that Dallas Fed President Logan, RBA\u2019s MPB member Hewson and Fed Board Governor Cook speak. In tomorrow\u2019s Asian session, we get New Zealand\u2019s business outlook for May and Australia\u2019s CapEx rate for Q1. We also note that ECB\u2019s Chief Economist Lane, BoJ\u2019s Deputy Governor Himino and Fed Vice Chair Jefferson speak.\u00a0<\/p>\n\n\n\n

Charts to keep an eye out<\/strong><\/h2>\n\n\n\n

USD Index<\/strong><\/h3>\n\n\n\n

The USD Index<\/strong> despite some wobbling remained relatively stable just above the 98.85 (S1) support line. We tend to maintain our bias for a sideways motion of the index. The RSI indicator remains near the reading of 50, implying a rather indecisive market, which in turn may allow the sideways motion to continue. Should the bears take over, we may see the USD Index breaking the 98.85 (S1) support line and start aiming for the 98.20 (S2) support level. Should the bulls take over, we may see the USD Index nearing if not breaking the 99.40 (R1) resistance barrier.\u00a0\u00a0<\/p>\n\n\n\n

Nasdaq<\/strong><\/h3>\n\n\n\n

Nasdaq<\/strong>\u2019s continued to edge higher, remained close to the 29680 (S1) support line though. We intend to maintain our bullish outlook for the index as long as the upward trendline guiding it remains intact. We note that the RSI indicator has risen above the reading of 70, highlighting the strong bullish market sentiment for the index yet at the same time also suggesting that the index is at overbought levels and possibly ripe for a correction lower. On the other hand the price action is still below the upper Bollinger band, which implies that the bulls have some more room to play. Should the bulls remain in charge, we may see Nasdaq\u2019s price aiming if not breaking the 31000 (R1) resistance line. Should the bears take over, we may see the index breaking the 29680 (S1) support line, break also the prementioned upward trendline, in a first signal that the upward motion has been interrupted and continue to reach or even breach the 28750 (S2) support level.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

USDIndex_M6 Daily Chart<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
    \n
  • Support: 98.85 (S1), 98.20 (S2), 97.40 (S3)<\/li>\n\n\n\n
  • Resistance: 99.40 (R1), 100.30 (R2), 101.00 (R3)\u00a0<\/li>\n<\/ul>\n\n\n\n

    US100Cash Daily Chart<\/strong><\/p>\n\n\n\n

    \"\"<\/figure>\n\n\n\n
      \n
    • Support: 29680 (S1), 28750 (S2), 27500 (S3)<\/li>\n\n\n\n
    • Resistance: 31000 (R1), 32500 (R2), 34000 (R3)\u00a0<\/li>\n<\/ul>\n\n\n\n

      Disclaimer:
      This information is not considered as investment advice or an investment recommendation, but instead a marketing communication. IronFX is not responsible for any data or information provided by third parties referenced, or hyperlinked, in this communication.<\/p>","protected":false},"excerpt":{"rendered":"

      Fundamentals to lead the markets The USD remained relatively stable yesterday and during today\u2019s Asian session and given the low<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_daim_seo_power":"","_daim_enable_ail":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-132255","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"\nForex blog - IronFX\u2122 | The Global Leader In Online Trading<\/title>\n<meta name=\"description\" content=\"Explore IronFX's blog and find out all about the forex market and trading.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ironfx.com\/ph\/wp-json\/wp\/v2\/posts\/132255\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fundamentals to lead the markets\" \/>\n<meta property=\"og:description\" content=\"Explore IronFX's blog and find out all about the forex market and trading.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ironfx-cn.com\/ph\/fundamentals-to-lead-the-markets-5\/\" \/>\n<meta property=\"og:site_name\" content=\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-27T09:30:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-27T09:31:13+00:00\" \/>\n<meta name=\"author\" content=\"IronFX Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/fundamentals-to-lead-the-markets-5\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/fundamentals-to-lead-the-markets-5\\\/\"},\"author\":{\"name\":\"IronFX Team\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\"},\"headline\":\"Fundamentals to lead the markets\",\"datePublished\":\"2026-05-27T09:30:29+00:00\",\"dateModified\":\"2026-05-27T09:31:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/fundamentals-to-lead-the-markets-5\\\/\"},\"wordCount\":690,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"tl\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/fundamentals-to-lead-the-markets-5\\\/\",\"url\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/fundamentals-to-lead-the-markets-5\\\/\",\"name\":\"Forex blog - IronFX\u2122 | The Global Leader In Online Trading\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/#website\"},\"datePublished\":\"2026-05-27T09:30:29+00:00\",\"dateModified\":\"2026-05-27T09:31:13+00:00\",\"description\":\"Explore IronFX's blog and find out all about the forex market and trading.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/fundamentals-to-lead-the-markets-5\\\/#breadcrumb\"},\"inLanguage\":\"tl\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/fundamentals-to-lead-the-markets-5\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/fundamentals-to-lead-the-markets-5\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fundamentals to lead the markets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/#website\",\"url\":\"https:\\\/\\\/www.ironfx-cn.com\\\/ph\\\/\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"description\":\""Our Introducing Brokers program offers competitive conditions tailored to our partners' needs. 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