Wednesday May 21
Data: UK April CPI, RPI, March house price index, Japan April trade balance
Central banks: Fed's Hammack, Daly, Bostic, Barkin and Bowman speak, ECB's Lane and Guindos speak
Earnings: TJX, Medtronic, Snowflake, Target, Baidu, SSE, XPeng, Marks & Spencer
Auctions: US 20-yr Bonds
This communication is for informational purposes only and should...
EUR/USD remains in a long-term bullish trend, but price action has been consolidating sideways since reaching the recent swing high on April 21, 2025.
The key support level to watch is 1.1100. This is the current swing low and a critical level for the bullish structure to hold. If the pair pulls back and finds support here, a rebound could lead to upside targets...
The DAX index remains in a long-term uptrend, reflecting a bullish overall sentiment. The recent price action shows a bullish breakout above sideways consolidation.
The key support level is at 23,520, which marks the lower boundary of the recent trading range. If the index pulls back and holds above this level, it would suggest continued bullish momentum. A...
Tuesday May 20
Data: US May Philadelphia Fed non-manufacturing activity, China 1-yr and 5-yr loan prime rates, Germany April PPI, Italy March current account balance, ECB March current account, Eurozone March construction output, May consumer confidence, Canada April CPI, Denmark Q1 GDP
Central banks: Fed's Bostic, Barkin, Collins and Musalem speak, ECB's...
Key Support and Resistance Levels
Resistance Level 1: 3332
Resistance Level 2: 3365
Resistance Level 3: 3409
Support Level 1: 3188
Support Level 2: 3138
Support Level 3: 3090
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not...
Key Support and Resistance Levels
Resistance Level 1: 3288
Resistance Level 2: 3320
Resistance Level 3: 3350
Support Level 1: 3200
Support Level 2: 3173
Support Level 3: 3150
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not...
Trade Tensions – Trump’s Tariff Plans
Donald Trump said he will set new tariff rates on trading partners within the next 2–3 weeks. China tariffs may remain at 30% through late 2025, according to a Bloomberg survey.
Relevance:
Renewed tariff threats could pressure Nasdaq 100 names with global exposure, especially semiconductors and large-cap tech (e.g., Apple,...
AUDUSD maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation.
Key Support Level: 0.6355 – previous consolidation range and pivotal support
Upside Targets:
0.6470 – initial resistance
0.6500 and 0.6550 –...
Trend Overview:
EUR/GBP remains in a longer-term bearish trend, with recent price action aligning with the prevailing downward momentum.
Key Resistance Level:
0.8440 – Recent swing high and critical resistance. A pivotal level to watch for near-term direction.
Key Support Levels:
0.8390 – Initial support target on bearish rejection.
0.8375 – Secondary...
The DAX index remains in a long-term uptrend, reflecting a bullish overall sentiment. The recent price action shows a bullish breakout above sideways consolidation.
The key support level is at 23,520, which marks the lower boundary of the recent trading range. If the index pulls back and holds above this level, it would suggest continued bullish momentum. A...
Key Economic Data, Market Moving Potential:
United States
University of Michigan Consumer Sentiment (May, preliminary) – Key for gauging consumer confidence & inflation expectations.
Building Permits & Housing Starts (April) – Important for housing market outlook and economic momentum.
Import/Export Prices (April) – Monitors inflation pressure from trade.
TIC...
India Trade Deal: Trump claims India offered a zero-tariff trade deal with the U.S., but no official confirmation yet. He also said he told Apple CEO Tim Cook to stop building plants in India, despite Apple shifting production there to reduce reliance on China.
Iran Nuclear Talks: Iran may be open to giving up nuclear weapons in exchange for immediate sanctions...
USD/JPY remains in a bearish trend, as the longer-term downtrend continues to dominate market sentiment.
The key level to watch is 147.00, which marks the recent swing high and a strong resistance area. If the pair rises toward this level and gets rejected, it could resume its downward move toward support at 144.60, with further downside targets at 143.00 and...
The GBP/USD pair continues to exhibit a bullish longer-term trend, underpinned by a series of higher highs and higher lows. However, recent price action shows consolidation within a sideways trading range, suggesting a pause or potential accumulation before the next directional move.
The key technical level to monitor is 1.3200, which aligns with a prior...
The FTSE 100 is showing bullish momentum, supported by an ongoing uptrend. Recent price action suggests a breakout above a period of sideways consolidation, indicating strong buying interest.
Key Support: 8454 – This was the previous consolidation zone and now acts as a critical level.
If the index pulls back to 8454 and holds, it may resume the uptrend with...
Thursday May 15
Data: US April PPI, retail sales, industrial production, capacity utilisation, May Philadelphia Fed business outlook, Empire manufacturing index, NAHB housing market index, March business inventories, initial jobless claims, UK Q1 GDP, Japan April machine tool orders, Germany April wholesale price index, Italy March general government debt,...
WTI crude oil prices are slightly lower in early European trade, down about 1.00% on the day to around $63.00. This pullback ends a four-day winning streak that had pushed prices to over a two-week high.
The decline so far lacks strong bearish momentum, suggesting traders may be taking profits or pausing ahead of key data.
Relevance for Trading:
Price dip...
US stocks point to slightly lower open as traders react to global and economic developments.
Main drivers:
Trump’s Gulf Visit: Markets are watching for any new investment deals or geopolitical tensions. A $600B Saudi investment deal was announced yesterday, and Trump is now heading to Qatar.
Tariff Optimism: Hopes of US-China tariff easing have supported recent...
