π’WTI Crude -3% π on oversupply concerns
πAre you bullish or bearish now?
πAre you bullish or bearish now?
Anonymous Poll
48%
Bullish βοΈ
52%
Bearish βοΈ
β€1
S&P 500 on its way to 7500 with a next stop at 6000
The S&P 500 Index has surpassed levels from the beginning of the year, up about 23% from the lows reached in early April. The market is currently just 4% below the area of highs that functioned as active resistance from December to February. This raises the question of whether resistance at the 6,000 point level on the S&P 500 is still relevant.
The market decline from February, which turned into a significant drop in April, may have contributed to the market's recovery and set the stage for a rally. On weekly timeframes over the past 14 years, the market's approach to the 200-week moving average has served as an indicator of profitable buying. This year was no exception, although the S&P 500 fell slightly short of that line, like the situation in October 2023. Most bounces from this level in recent years have coincided with changes in monetary policy.
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The S&P 500 Index has surpassed levels from the beginning of the year, up about 23% from the lows reached in early April. The market is currently just 4% below the area of highs that functioned as active resistance from December to February. This raises the question of whether resistance at the 6,000 point level on the S&P 500 is still relevant.
The market decline from February, which turned into a significant drop in April, may have contributed to the market's recovery and set the stage for a rally. On weekly timeframes over the past 14 years, the market's approach to the 200-week moving average has served as an indicator of profitable buying. This year was no exception, although the S&P 500 fell slightly short of that line, like the situation in October 2023. Most bounces from this level in recent years have coincided with changes in monetary policy.
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Forex - S&P 500 on its way to 7500 with a next stop at 6000 | Technical analysis May 15, 2025
The S&P 500 Index has surpassed levels from the beginning of the year, up about 23% from the lows reached in early April. The market is currently...
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β οΈ USA β Unemployment Claims at 03:00 GMT
βοΈ Prev: 229K
π Exp: 229K
π― Fact.: 229K
βββ
β οΈ USA β Retail Sales at 03:00 GMT
βοΈ Prev: 1.7% | 0.8%
π Exp: 0.0% | 0.3%
π― Fact.: 0.1% π | 0.1% π
βοΈ Prev: 229K
π Exp: 229K
π― Fact.: 229K
βββ
β οΈ USA β Retail Sales at 03:00 GMT
βοΈ Prev: 1.7% | 0.8%
π Exp: 0.0% | 0.3%
π― Fact.: 0.1% π | 0.1% π
πΊπΈ Trading dynamics at the stock market pre-market
πThe US stock market pre-market is showing negative dynamics.
In the Financial sector, shares of Berkshire Hathaway (BRK.B) are down -0.13%, while shares of Bank of America (BAC) are losing -0.09%.
In the Electronic Technology sector, shares of NVIDIA (NVDA) are down -0.66% and shares of AVGO (AVGO) are losing -1.44%.
In the Healthcare sector, Johnson & Johnson (JNJ) is up +0.65%, while Intuitive Surgical (ISRG) is down -1.05%.
Such volatility may increase demand for the dollar as a defensive asset, putting pressure on other currencies
πThe US stock market pre-market is showing negative dynamics.
In the Financial sector, shares of Berkshire Hathaway (BRK.B) are down -0.13%, while shares of Bank of America (BAC) are losing -0.09%.
In the Electronic Technology sector, shares of NVIDIA (NVDA) are down -0.66% and shares of AVGO (AVGO) are losing -1.44%.
In the Healthcare sector, Johnson & Johnson (JNJ) is up +0.65%, while Intuitive Surgical (ISRG) is down -1.05%.
Such volatility may increase demand for the dollar as a defensive asset, putting pressure on other currencies
πUnitedHealth sinks -15%, to 5-year low on criminal probe.
BUY β¬οΈ or SELL β¬οΈ ?
BUY β¬οΈ or SELL β¬οΈ ?
Anonymous Poll
57%
BUY β¬οΈ
43%
SELL β¬οΈ
π Economic Calendar at 2025/05/16 (GMT)
[Updated in real time]
03:00
π³πΏ Expected Annual Inflation 2y from now Actual: 2.29%09:00
πͺπΊ European Commission Economic Forecasts11:00
π¨π β‘οΈ SNB Chairman Martin Schlegel Speaks12:30
πΊπΈ Building Permits β Exp: 1450K Actual: 1412K | -4.7%12:30
πΊπΈ Housing Starts β Exp: 1360K Actual: 1361K | 1.6%14:00
πΊπΈ UoM Consumer Sentiment β Exp: 53.1 Actual: 50.815:00
π¬π§ BOE Deputy Governor for Monetary Policy Clare Lombardelli Speaks[Updated in real time]
FxPro News
Forex - Economic Calendar
The FxPro News forex economic calendar is a handy tool for forecasting potential volatility on currency rates, as well as other assets. The basic log...
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FxPro pinned Β«π Economic Calendar at 2025/05/16 (GMT) 03:00 π³πΏ Expected Annual Inflation 2y from now Actual: 2.29% 09:00 πͺπΊ European Commission Economic Forecasts 11:00 π¨π β‘οΈ SNB Chairman Martin Schlegel Speaks 12:30 πΊπΈ Building Permits β Exp: 1450K Actual: 1412Kβ¦Β»
GBPAUD Wave Analysis β 15 May 2025
- GBPAUD reversed from the support zone
- Likely to rise to resistance level 2.1000
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- GBPAUD reversed from the support zone
- Likely to rise to resistance level 2.1000
ββββββ
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Forex - GBPAUD Wave Analysis β 15 May 2025 | Technical analysis May 16, 2025
GBPAUD: β¬οΈ Buy - GBPAUD reversed from the support zone - Likely to rise to resistance level 2.1000 GBPAUD currency pair recently rev...
Gold Wave Analysis β 15 May 2025
- Gold reversed from support zone
- Likely to rise to resistance level 3300.00
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- Gold reversed from support zone
- Likely to rise to resistance level 3300.00
ββββββ
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Forex - Gold Wave Analysis β 15 May 2025 | Technical analysis May 16, 2025
Gold: β¬οΈ Buy - Gold reversed from support zone - Likely to rise to resistance level 3300.00 Gold recently reversed up from the suppo...
β οΈ Japan β Gross Domestic Product at 03:00 GMT
βοΈ Prev: 0.6% | 2.2%
π Exp: -0.1% | -0.2%
π― Fact.: -0.2% π | -0.7% π
βοΈ Prev: 0.6% | 2.2%
π Exp: -0.1% | -0.2%
π― Fact.: -0.2% π | -0.7% π
π1π₯1
Surprising US price weakness and renewed dollar drowning
US statistics produced a shocking dive in producer prices, with everyone guessing how strong the upward spurt might be. Producer prices for April fell 0.5% after 0.0% a month earlier. March's value was heavily revised upward from -0.4%.
The shift in price declines has tinted the April data, and there is now little sign of a shock increase in response to tariffs. Of course, goods under the new tariffs won't arrive en masse in the States until the second half of May, but America didn't experience massive price increases in advance, which is relatively good news.
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US statistics produced a shocking dive in producer prices, with everyone guessing how strong the upward spurt might be. Producer prices for April fell 0.5% after 0.0% a month earlier. March's value was heavily revised upward from -0.4%.
The shift in price declines has tinted the April data, and there is now little sign of a shock increase in response to tariffs. Of course, goods under the new tariffs won't arrive en masse in the States until the second half of May, but America didn't experience massive price increases in advance, which is relatively good news.
ββββββ
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FxPro News
Forex - Surprising US price weakness and renewed dollar drowning | Market Overview May 16, 2025
US statistics produced a shocking dive in producer prices, with everyone guessing how strong the upward spurt might be. Producer prices for April fel...
πΊπΈ Trading dynamics at the stock market pre-market
πThe US stock market pre-market is showing positive dynamics.
In the Technology Services sector, shares of Google (GOOGL) are up +2.20% and shares of Netflix (NFLX) are up +0.39%.
In the Financial sector, shares of JPMorgan Chase (JPM) are up +0.30%, and shares of Goldman Sachs (GS) are up +0.58%.
In the Electronic Technology sector, shares of Nvidia (NVDA) are up +1.13% and shares of AMD (AMD) are up +2.32%.
Such growth may support demand for risky assets and weaken the dollar in the currency market.
πThe US stock market pre-market is showing positive dynamics.
In the Technology Services sector, shares of Google (GOOGL) are up +2.20% and shares of Netflix (NFLX) are up +0.39%.
In the Financial sector, shares of JPMorgan Chase (JPM) are up +0.30%, and shares of Goldman Sachs (GS) are up +0.58%.
In the Electronic Technology sector, shares of Nvidia (NVDA) are up +1.13% and shares of AMD (AMD) are up +2.32%.
Such growth may support demand for risky assets and weaken the dollar in the currency market.
Crypto market close to a top, with the possibility of a slight decline
Over the past seven days, the cryptocurrency market has ranged between $3.26 trillion and $3.30 trillion, reaching $3.33 trillion as of writing after recovering from the lower end of the range. Among the leading cryptocurrencies over the past day are EOS (+11.7%) and Aave (+8.5%). Among the outsiders are XPR and Monero, which showed a decline of 1%.
Bitcoin rose 2% over the last day, holding the $104K as a key level. The positive factor is that sellers have not yet managed to seize control of the market. However, resilience at high levels may be temporary before the next bounce, and there is considerable pressure near the upper boundary of the current range. In other words, the short-term outlook suggests a decline from current levels.
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Over the past seven days, the cryptocurrency market has ranged between $3.26 trillion and $3.30 trillion, reaching $3.33 trillion as of writing after recovering from the lower end of the range. Among the leading cryptocurrencies over the past day are EOS (+11.7%) and Aave (+8.5%). Among the outsiders are XPR and Monero, which showed a decline of 1%.
Bitcoin rose 2% over the last day, holding the $104K as a key level. The positive factor is that sellers have not yet managed to seize control of the market. However, resilience at high levels may be temporary before the next bounce, and there is considerable pressure near the upper boundary of the current range. In other words, the short-term outlook suggests a decline from current levels.
ββββββ
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FxPro News
Forex - Crypto market close to a top, with the possibility of a slight decline | Crypto Review May 16, 2025
Market Picture Over the past seven days, the cryptocurrency market has ranged between $3.26 trillion and $3.30 trillion, reaching $3.33 trillion a...
AT&T Wave Analysis β 16 May 2025
- AT&T reversed from support zone
- Likely to rise to resistance level 28.35
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- AT&T reversed from support zone
- Likely to rise to resistance level 28.35
ββββββ
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Forex - AT&T Wave Analysis β 16 May 2025 | Technical analysis May 17, 2025
AT&T: β¬οΈ Buy - AT&T reversed from support zone - Likely to rise to resistance level 28.35 AT&T recently reversed up with...
General Electric Wave Analysis β 16 May 2025
General Electric: β¬οΈ Buy
- General Electric broke resistance zone
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General Electric: β¬οΈ Buy
- General Electric broke resistance zone
ββββββ
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Forex - General Electric Wave Analysis β 16 May 2025 | Technical analysis May 17, 2025
General Electric: β¬οΈ Buy - General Electric broke resistance zone - Likely to rise to resistance level 240.00 General Electric recen...
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π Economic Calendar at 2025/05/19 (GMT)
[Updated in real time]
02:00
π¨π³ Industrial Production β Exp: 5.7% Actual: 6.1% | 6.4%02:00
π¨π³ Fixed Asset Investment β Exp: 4.4% Actual: 4.0%02:00
π¨π³ NBS Press Conference09:00
πͺπΊ Consumer Price Index β Exp: 2.2% Actual: 2.2%09:00
πͺπΊ Consumer Price Index - Core β Exp: 2.7% Actual: 2.7%12:30
πΊπΈ FOMC Member Raphael W. Bostic Speaks12:30
πΊπΈ FOMC Member John C. Williams Speaks13:45
πΊπΈ FOMC Member Philip N. Jefferson Speaks16:30
π¨π β‘οΈ SNB Chairman Martin Schlegel Speaks[Updated in real time]
FxPro News
Forex - Economic Calendar
The FxPro News forex economic calendar is a handy tool for forecasting potential volatility on currency rates, as well as other assets. The basic log...
π1
Where do YOU think the dollar is headed next?
Anonymous Poll
52%
β¬οΈ Breakout higher?
48%
β¬οΈ Back to the lows?