Popular Analysis
Popular Analysis
Currencies
The AUD/JPY cross comes under renewed selling pressure following the previous day's modest uptick and drops to a nearly two-week low during the first half of the European session on Tuesday.
USD/CAD flat lines around mid-1.3900s; looks to Canadian inflation data for fresh impetusThe USD/CAD pair extends its sideways consolidative price move heading into the European session on Tuesday and currently trades around mid-1.3900s, nearly unchanged for the day. Moreover, the mixed fundamental backdrop warrants some caution before placing aggressive directional bets.
The USD/CAD pair extends its sideways consolidative price move heading into the European session on Tuesday and currently trades around mid-1.3900s, nearly unchanged for the day. Moreover, the mixed fundamental backdrop warrants some caution before placing aggressive directional bets.
USD/CHF remains on the defensive below 0.8350 on weaker US DollarThe USD/CHF pair remains under selling pressure around 0.8335 during the early European session on Tuesday. The rising bets that the Federal Reserve (Fed) will lower borrowing costs further this year weigh on the Greenback against the Swiss Franc.
The USD/CHF pair remains under selling pressure around 0.8335 during the early European session on Tuesday. The rising bets that the Federal Reserve (Fed) will lower borrowing costs further this year weigh on the Greenback against the Swiss Franc.
The Reserve Bank of Australia (RBA) and the People's Bank of China (PBoC) announced rate cuts early Tuesday, as anticipated.
EUR/JPY weakens below 163.00 on BoJ rate hike betsThe EUR/JPY cross trades in negative territory around 162.70 during the early European session on Tuesday. The growing expectation that the Bank of Japan (BoJ) will raise interest rates again this year underpins the Japanese Yen (JPY) against the Euro (EUR).
The EUR/JPY cross trades in negative territory around 162.70 during the early European session on Tuesday. The growing expectation that the Bank of Japan (BoJ) will raise interest rates again this year underpins the Japanese Yen (JPY) against the Euro (EUR).
Shares
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.
Coinbase hit by revived SEC probe as stock sheds monthly gains in single-day dropA New York Times report has disclosed that the US Securities and Exchange Commission (SEC) is investigating Coinbase. The report published on May 15 stated that the SEC is investigating whether claims of having over 100 million users are misrepresentations.
A New York Times report has disclosed that the US Securities and Exchange Commission (SEC) is investigating Coinbase. The report published on May 15 stated that the SEC is investigating whether claims of having over 100 million users are misrepresentations.
Coinbase’s $2.9 Billion Deribit Purchase Sparks Interest In Future Acquisitions, Says CEOCoinbase, the largest US-based crypto exchange, is set to join the S&P 500 index on May 19, replacing Discover Financial Services amid its merger with Capital One. Brian Armstrong has made key statements ahead of this development, hinting at plans for further acquisitions.
Coinbase, the largest US-based crypto exchange, is set to join the S&P 500 index on May 19, replacing Discover Financial Services amid its merger with Capital One. Brian Armstrong has made key statements ahead of this development, hinting at plans for further acquisitions.
Commodity
Gold (XAU/USD) price edges slightly lower on Tuesday, looking for direction after giving back the previous day’s gains, falling back to around $3,226 at the time of writing.
Silver price (XAG/USD) seems to extend its losses for the third successive session, trading around $32.30 per troy ounce during the European hours on Tuesday.
WTI hovers around $62.00, downside appears due to Russia-Ukraine peace talksWest Texas Intermediate (WTI) Oil price is trading around $62.00 per barrel during the early European session on Tuesday, retreating after two consecutive days of gains. The pullback comes as markets evaluate the possible effects of a Russia-Ukraine ceasefire on global Oil supply.
West Texas Intermediate (WTI) Oil price is trading around $62.00 per barrel during the early European session on Tuesday, retreating after two consecutive days of gains. The pullback comes as markets evaluate the possible effects of a Russia-Ukraine ceasefire on global Oil supply.
Silver Price Forecast: XAG/USD falls toward $32.00 amid potential Russia-Ukraine ceasefireSilver price (XAG/USD) continues its decline for the third consecutive session, trading near $32.20 per troy ounce during Tuesday’s Asian session. The metal’s weakness comes as optimism over a potential ceasefire between Russia and Ukraine reduces demand for safe-haven assets.
Silver price (XAG/USD) continues its decline for the third consecutive session, trading near $32.20 per troy ounce during Tuesday’s Asian session. The metal’s weakness comes as optimism over a potential ceasefire between Russia and Ukraine reduces demand for safe-haven assets.
Gold price meets with a fresh supply during the Asian session on Tuesday and reverses the previous day's move higher on the back of the upbeat market mood.
Economics
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.
Japan's strong opposition to US tariffs could hinder the trade agreement from making progress.
Breaking News: US to lower tariffs on China from 145% to a base 10%US-China trade talks held over the weekend in Geneva, Switzerland, is out, stating that “the US will modify application of rate of duty on articles of China by suspending 24 percentage points of that rate for initial period of 90 days.”
US-China trade talks held over the weekend in Geneva, Switzerland, is out, stating that “the US will modify application of rate of duty on articles of China by suspending 24 percentage points of that rate for initial period of 90 days.”
Cryptocurrency
Cardano Price Forecast: ADA on the verge of correction as momentum weakensCardano (ADA) trades in red on Tuesday at the time of writing, hovering around its key support level at $0.72. A decisive close below this level could trigger a correction. ADA’s falling daily active addresses and Decentralized Exchange (DEX) trading volume further support the bearish outlook.
Cardano (ADA) trades in red on Tuesday at the time of writing, hovering around its key support level at $0.72. A decisive close below this level could trigger a correction. ADA’s falling daily active addresses and Decentralized Exchange (DEX) trading volume further support the bearish outlook.
Bitcoin (BTC) continues to show signs of strength despite experiencing a minor pullback in its most recent trading session.
The on-chain analytics firm Glassnode has explained how the Bitcoin investor Cost Basis Distribution could highlight this level as an important one.
Bitcoin Breaks Realized Capitalization Record For 4th Straight Week – Is A New ATH In Sight?The latest on-chain data reveals that Bitcoin (BTC) has broken its all-time high (ATH) in realized capitalization for the fourth consecutive week. Simultaneously, both Bitcoin whales and spot exchange-traded funds (ETFs) are steadily increasing their holdings – indicating growing investor confidence.
The latest on-chain data reveals that Bitcoin (BTC) has broken its all-time high (ATH) in realized capitalization for the fourth consecutive week. Simultaneously, both Bitcoin whales and spot exchange-traded funds (ETFs) are steadily increasing their holdings – indicating growing investor confidence.
Bitcoin has resumed its upward trajectory in the early hours of Monday, briefly surpassing the $106,000 mark before encountering resistance and experiencing a minor pullback.
Most Traded
OFFICIAL TRUMP
TRUMP/USD
13.11
+2.58%
Gold
XAU/USD
3286.84
+1.77%
EUR/USD
EUR/USD
1.12735
+0.35%
WTI
USOIL
61.957
-0.03%
USD/JPY
USD/JPY
144.567
-0.19%
Economic Calendar
Disclaimer:The above information is general information, for reference only, not as a basis for trading decisions.
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