FX: Theresa May weakened to the pound due to concerns about the prime minister’s disbelief.
The dollar rallied after the US housing sales index was better than expected, while the euro was weaker due to sluggish indicators and pound sterling declined to political uncertainty.
US new home sales in March stood at 4.5% MoM, slightly slower than the previous month but better than the market consensus (-2.7%). On the other hand, the euro is weak as the Eurozone April consumer confidence index fell to -7.9. The pound fell on the news that the British Conservative Party has decided to pursue the resignation of the prime minister again.
Commodity: Rising international oil prices, supply-demand imbalance concerns.
International oil prices climbed on concerns that supply and demand could become unbalanced due to US sanctions on Iran. The US said that oil producing countries such as Saudi and UAE will respond to the decrease in crude oil production by increasing production. However, the fact that the scale and timing of the increase are still uncertain is fueling oil prices rising to $ 66.
Gold fell on the dollar. The US housing market was better than expected and the US dollar strengthened. In addition, the stronger US stocks and a stronger preference for risky assets also contributed to the decline in gold prices.