Bitcoin capitalised on the dollar’s temporary weakness

Fiscal problems and tariff confusion are undermining confidence in the US dollar. Other assets are rushing to take advantage of the loss of interest in the greenback. The ECB argues that the uncertainty of the White House policy could be a moment of glory for the euro. The regional currency can increase its share in international settlements and forex reserves. But digital assets could also benefit from the dollar's decline.

The BTCUSD rally against the backdrop of falling US stock indices and reduced global risk appetite might look strange. Perhaps the reason should be sought in Congress's legislation about stablecoins. The legalisation of cryptocurrency offers an opportunity to be optimistic.

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🇺🇸 Trading dynamics at the stock market pre-market

📈 After a long weekend, the US stock market pre-market is showing positive dynamics.

In the Technology Services sector, shares of Google (GOOGL) are up +1.54% and shares of Meta (META) are up +2.12%.

In the Financials sector, JPMorgan Chase (JPM) is up +1.34% and Bank of America (BAC) is up +1.25%.

In the Electronic Technology sector, shares of NVIDIA (NVDA) are up +2.44% and shares of Apple (AAPL) are up +1.70%.

The current positive performance of equities may support demand for risk assets and reduce the attractiveness of the dollar as a defensive currency.

Three-year stagnation in US durable goods orders

Preliminary estimates of durable goods orders in the US showed a less sharp than expected dip in April. The decline was 6.3% versus a 7.5% jump a month earlier and an expected 7.6% drop.

The volatility is almost entirely due to the transport sector, and without that component, there was a 0.2% gain for the month after a commensurate decline earlier. This indicator has been near a plateau for the past three years, adding only 1% in money over that time against a 12% rise in the Core CPI and a 9% rise in Core PPI. Simply put, America has been cutting investment in durable goods for about as long as the Fed has been shrinking its balance sheet.

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⚠️ USA — CB Consumer Confidence at 03:00 GMT

✔️ Prev: 86.0

🕒 Exp: 87.1

🎯 Fact.: 98.0 📈

⚠️ Switzerland — SNB Chairman Martin Schlegel Speaks at 16:20 GMT

🗓 Economic Calendar at 2025/05/28 (GMT)

00:00 🇺🇸 FOMC Member John C. Williams Speaks

01:30 🇦🇺 ⚡️ Consumer Price Index — Exp: 2.3% Actual: 2.4%

02:00 🇳🇿 ⚡️ Official Cash Rate — Exp: 3.25% Actual: 3.25%

02:00 🇳🇿 ⚡️ RBNZ Rate Statement

02:00 🇳🇿 ⚡️ RBNZ Monetary Policy Statement

02:10 🇬🇧 BOE Deputy Governor for Monetary Policy Clare Lombardelli Speaks

02:10 🇺🇸 FOMC Member Christopher J. Waller Speaks

03:00 🇳🇿 ⚡️ RBNZ Press Conference

07:55 🇩🇪 Unemployment Change — Exp: 11K Actual: 34K

07:55 🇩🇪 Unemployment Rate — Exp: 6.3% Actual: 6.3%

09:00 All OPEC-JMMC Meetings

17:00 🇳🇿 RBNZ Press Conference

18:00 🇺🇸 ⚡️ FOMC Meeting Minutes

21:10 🇳🇿 ⚡️ RBNZ Governor Christian Hawkesby Speaks


[Updated in real time]

Nikkei 225 Wave Analysis – 27 May 2025

Nikkei 225: ⬆️ Buy

- Nikkei 225 reversed from support level 36675,00

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Litecoin Wave Analysis – 27 May 2025

- Litecoin reversed from key support level 92.65

- Likely to rise to resistance level 100,00

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NZDUSD Wave Analysis – 27 May 2025

- NZDUSD reversed from the pivotal resistance level 0.6020

- Likely to fall to support level 0.5900

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Solana Wave Analysis – 27 May 2025

- Solana rising inside daily up channel

- Likely to reach resistance level 186.10

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⚠️ Australia — Consumer Price Index at 03:00 GMT

✔️ Prev: 2.4%

🕒 Exp: 2.3%

🎯 Fact.: 2.4% 📈

⚠️ New Zealand — Official Cash Rate at 03:00 GMT

✔️ Prev: 3.50%

🕒 Exp: 3.25%

🎯 Fact.: 3.25%

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⚠️ New Zealand — RBNZ Press Conference at 03:00 GMT

Pro News Flash: Can Crypto Take the Lead?

The U.S. dollar is facing mounting pressure—from fiscal uncertainty to trade tensions. Meanwhile, Bitcoin and stablecoins are gaining ground.

In this Pro News Flash:

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Crypto market postpones rally

Market capitalisation has risen 0.5% in the last 24 hours to $3.44 trillion, but that's below Tuesday's intraday peaks of $3.49 trillion and last Friday's highs of $3.54 trillion. This is an interesting development given the risk appetite in the stock markets over the last couple of days. Perhaps the behaviour of cryptocurrencies indicates that optimism isn't so all-encompassing.

Bitcoin has been trading in a 5% range between $106.6k and $111.7k since 22 May and is currently in the middle. The current high area fits into a Fibonacci extension pattern at 161.8% of the first upside momentum from early April to the first days of May. Overcoming 112k would then be a prologue to 134k (261.8%).

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New Zealand cut the rate, but not the kiwi

As expected, the Reserve Bank of New Zealand cut its key rate by 25 basis points to 3.25%. This cycle was the sixth easing since August last year, totalling 125 b. p.

In an accompanying statement, the central bank said inflation accelerated to 2.5% y/y and inflation expectations among companies and households have risen. On the other hand, the decline in core inflation gives confidence that inflation will return to the middle of the 1-3 per cent target range in the medium term. Separately, the RBNZ noted the beginning of the economic recovery from the contractionary period.

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🇺🇸 Trading dynamics at the stock market pre-market

📈 Mixed dynamics in the US stocks pre-market.

In the Financials sector, Berkshire Hathaway (BRK.B) shares are down -0.05%, while Bank of America (BAC) shares are losing -0.05%.

In the Electronic Technology sector, shares of NVIDIA (NVDA) are up +0.77%, while shares of AVGO (AVGO) are gaining +1.19%.

In the Healthcare sector, shares of Eli Lilly (LLY) are up +0.66%, while shares of Bristol-Myers Squibb (BMY) are down -0.06%.

The current multidirectional dynamics may support moderate volatility in the currency market without a significant impact on the dollar.