Popular Analysis
Popular Analysis
Currencies
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, depreciates toward two-week lows.
USD/CAD slides to 1.3825 area, back closer to two-week low on weaker USDThe USD/CAD pair attracts fresh sellers following the previous day's brief pause and slides to the 1.3825 area during the Asian session on Friday. Spot prices remain close to a two-week low touched on Wednesday and seem vulnerable to weaken further amid a broadly weaker US Dollar (USD).
The USD/CAD pair attracts fresh sellers following the previous day's brief pause and slides to the 1.3825 area during the Asian session on Friday. Spot prices remain close to a two-week low touched on Wednesday and seem vulnerable to weaken further amid a broadly weaker US Dollar (USD).
GBP/USD rebounds above 1.3450 toward 39-month highs, UK Retail Sales eyedGBP/USD posts gains of about a quarter of a percent in the Asian hours on Friday, trading around 1.3450 at the time of writing. The pair edges higher as the Pound Sterling (GBP) attracts buyers after the GfK better-than-expected Consumer Confidence Index for the United Kingdom (UK) was released.
GBP/USD posts gains of about a quarter of a percent in the Asian hours on Friday, trading around 1.3450 at the time of writing. The pair edges higher as the Pound Sterling (GBP) attracts buyers after the GfK better-than-expected Consumer Confidence Index for the United Kingdom (UK) was released.
The Japanese Yen (JPY) ticked higher on Friday following the release of hotter consumer inflation figures from Japan, which keeps the door open for more interest rate hikes by the Bank of Japan (BoJ).
The Australian Dollar (AUD) posts gains against the US Dollar (USD) on Friday after registering losses in the previous session.
Shares
On Wednesday, U.S. financial markets faced a broad downturn, with stocks, bonds, and the dollar all suffering losses. The three major stock indices recorded their largest single-day declines in a month.
Elon Musk revealed the latest updates on Tesla’s autonomous Robotaxi project, driving Tesla (TSLA) stock up despite broader market declines.
Shares of Alibaba Group Holding Ltd. slid on Monday after reports that the Trump administration is scrutinizing Apple’s deal with Alibaba to bring AI features to iPhones in China. Alibaba’s stock fell as much as 4% on Monday in Hong Kong.
UnitedHealth Group (UNH), the largest health insurance company in the United States, suffered a sharp market sell-off, plunging 19% intraday on May 15 and finally closing down 10.93%.
Alibaba (HK: 9988) experienced a significant drop on Friday, falling 5.4% during the Hong Kong trading session, with shares hitting a low of HK$120.30.
Commodity
Gold price (XAU/USD) lacks any firm intraday direction on Friday and seesaws between tepid gains/minor losses, around the $3,300 mark during the Asian session on Friday.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.75 during the Asian trading hours on Friday. The WTI price edges lower amid concerns that global supply could outpace demand growth.
Gold price (XAU/USD) prolongs the uptrend for the fourth consecutive day and climbs to a nearly two-week high, around the $3,344-3,345 area during the Asian session on Thursday.
Silver Price Forecast: XAG/USD posts monthly highs above $32.50 due to safe-haven demandSilver price (XAG/USD) rises to near $32.60 per troy ounce during the Asian trading hours on Thursday, gaining ground for the third successive session. Precious metals, including Silver, attract buyers amid rising safe-haven demand over growing fiscal concerns in the United States (US).
Silver price (XAG/USD) rises to near $32.60 per troy ounce during the Asian trading hours on Thursday, gaining ground for the third successive session. Precious metals, including Silver, attract buyers amid rising safe-haven demand over growing fiscal concerns in the United States (US).
WTI slumps to near $61.00, traders await fresh round of nuclear talks between US and IranWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.10 during the Asian trading hours on Thursday. The WTI price edges lower on the report that a fresh round of nuclear talks between the United States and Iran would take place later this week.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.10 during the Asian trading hours on Thursday. The WTI price edges lower on the report that a fresh round of nuclear talks between the United States and Iran would take place later this week.
Economics
Japan’s National Consumer Price Index (CPI) climbed by 3.6% YoY in April, compared to the previous reading of 3.6%, according to the latest data released by the Japan Statistics Bureau on Friday.
UK inflation moved in the wrong direction in April, jumping to 3.5% just weeks after the Bank of England cut interest rates.
Japan’s bond market just fired a warning shot at the global economy. The country’s 40-year government bond yield surged to 3.445% on Monday, the highest it’s been in two decades.
Markets went red before the opening bell on Monday after Moody’s cut the United States’ top credit rating, hammering stock futures, lifting Treasury yields, and dragging down gold.
Moody’s downgraded the United States’ credit rating on Friday, and Wall Street is now bracing for the fallout. The downgrade dragged America down one notch from its top-tier rating.
Cryptocurrency
Dogecoin started a fresh increase and climbed above the $0.2420 zone against the US Dollar. DOGE is now correcting gains and might start another increase.
Avalanche (AVAX) is gaining bullish momentum, extending gains on Friday, trading at $25.74 as investor confidence grows on the back of two major developments.
Ethereum price found support at $2,500 and started a fresh increase. ETH is now rising and might aim for a move above the $2,750 resistance zone.
Data shows the cryptocurrency short holders have witnessed a mass liquidation event during the past day as Bitcoin and other assets have rallied.
Bitcoin price started a fresh increase and traded to a new all-time high above the $111,500 zone. BTC is now consolidating and might aim for an increase toward $113,200.
Most Traded
OFFICIAL TRUMP
TRUMP/USD
13.65
-4.68%
Gold
XAU/USD
3331.47
+1.11%
EUR/USD
EUR/USD
1.13351
+0.50%
WTI
USOIL
60.542
-0.03%
USD/JPY
USD/JPY
143.288
-0.49%
Economic Calendar
Disclaimer:The above information is general information, for reference only, not as a basis for trading decisions.
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