Daily Brief
Thursday, 28 May 2026
Market snapshot · last 24h
Gold -1.62%
$4,409.1
Nasdaq -0.38%
29,933
EUR/USD -0.16%
1.1610
Bitcoin -2.05%
$72,808
Likely market impact typical directional bias under each outcome · not a forecast
▲ rises – little change ▼ falls
Today 13:30 8:30AM ET — US

Core PCE Price Index m/m

also covers: Prelim GDP q/q
Better than expectedAs expectedWorse than expected
DXY▲–▼
EUR/USD▼–▲
GBP/USD▼–▲
XAU/USD▼–▲
NQ▼–▲
BTC/USD▼–▲
  • DXY A higher-than-expected Core PCE Price Index suggests stronger inflation, which can lead to expectations of tighter US monetary policy, strengthening the US dollar.
  • EUR/USD If the US dollar strengthens due to higher inflation expectations, the euro tends to weaken against it.
  • GBP/USD A stronger US dollar due to higher inflation expectations typically leads to a weaker British pound against it.
  • XAU/USD Gold tends to weaken when the US dollar strengthens, and rallies when real US rates fall.
  • NQ Higher inflation can lead to expectations of tighter monetary policy, which may negatively impact US equities.
  • BTC/USD Bitcoin often reacts negatively to a stronger US dollar and higher real interest rates.

Market Brief: Thursday, May 28, 2026

Tensions between the US and Iran are casting a shadow over global markets today. The US Dollar is gaining strength amid these geopolitical concerns, while gold and other precious metals are under pressure. Traders are keeping a close eye on upcoming economic data releases that could further influence market movements.

What's on the calendar

Today, several key economic indicators are set to be released in the US. The Core PCE Price Index, a measure of inflation, is expected to remain steady at 0.3%. Additionally, the preliminary GDP figures for the first quarter are anticipated to show a significant increase to 2.0% from the previous 0.7%. Other data points include the GDP Price Index and unemployment claims, which are also expected to provide insights into the US economic landscape. In Europe, ECB President Christine Lagarde is scheduled to speak, which may offer clues on the central bank's future policy direction.

What's moving

The US Dollar is attracting significant interest as tensions escalate between the US and Iran. Reports indicate that Iran has retaliated against a US attack near Bandar Abbas airport, which has led to increased demand for the Dollar. This geopolitical tension has also impacted gold, which has fallen to a fresh two-month low below $4,400. Similarly, silver prices have tumbled amid these renewed tensions.

In the equity markets, shares of Nio, a Chinese electric vehicle manufacturer, have surged following the launch of its flagship ES9 SUV. Meanwhile, the Japanese Yen has edged down against the US Dollar but is performing better than other currencies in the region.

Bottom line

Today's market movements are heavily influenced by geopolitical tensions between the US and Iran, with the US Dollar strengthening and precious metals like gold and silver facing downward pressure. Traders will be closely monitoring the upcoming US economic data releases for further market direction.

This brief is a snapshot of public commentary at the time of writing — not financial advice.

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