📆 What is ahead?
Investors' focus in the last week of spring will be on US fiscal problems, trade negotiations with other countries and rumours of coordinated currency intervention after the summit of finance ministers and central bank heads of the G7 countries in Canada. The slightest hints of Forex intervention are fraught with serious fluctuations of dollar pairs.

The main event of the economic calendar will be the publication of the minutes of the last FOMC meeting. Investors will be looking for clues about the fate of the federal funds rate although it is highly doubtful that the Fed will lower it before September.

Personal Consumption Expenditure Index data for April, the second estimate of US GDP for the first quarter and German inflation statistics are likely to rock financial markets. Still, they are unlikely to change existing narratives and trends.

🗓 Economic Calendar at 2025/05/25 (GMT)

18:40 🇺🇸 ⚡️ Federal Reserve Chairman Jerome Powell Speaks


[Updated in real time]

⚠️ USA — Federal Reserve Chairman Jerome Powell Speaks at 18:40 GMT

🗓 Economic Calendar at 2025/05/26 (GMT)

14:30 🇪🇺 ⚡️ ECB President Christine Lagarde Speaks


[Updated in real time]

Crypto market let off steam over the weekend and is ready to move upwards

The Crypto Market cap rose by 6.5% from last week's level to $3.43 trillion. However, since Friday, the market has taken a pause and moved further sideways, falling to $3.35—the upper boundary of the previous resistance. Market capitalisation has been building up in small steps upwards, which looks like the formation of a solid base typical of the early stages of bullish momentum.

The sentiment index is at 73, having pulled back from extreme greed territory. The market is balancing around the current mark, letting off steam after strong bounces, which is also helping to extend the rally, albeit at a slower pace.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

The US is losing interest in oil due to low prices, giving its share to OPEC

Oil producers are cutting back on activity in response to lower oil prices. As Baker Hughes reported on Friday, the number of oil drillers fell to 465 from 473 a week earlier, to its lowest level since late 2021. It just so happened that prices weren't that far from current levels, but that was in the middle of a recovery in both production and prices.

Now, the decline in the rig count comes after a prolonged plateau. And it's a step down, promising future declines in production volumes from current, near-record levels. It is believed that the effect of the change in drilling activity will manifest itself in 3-5 quarters. However, the scale of the decline in the number of drillers should not be directly translated into production volumes. Thanks to efficiency gains, the US is now producing 13.4 million barrels per day with just 613 drilling rigs — compared to the previous peak of 13 million bpd, which required 877 rigs. This is bullish news for quotes, but its impact has so far been more than outweighed by news from traditional producers.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

⚠️ EU — ECB President Christine Lagarde Speaks at 14:30 GMT

Postponing 50% tariffs for the EU helped the S&P 500 bounce off its 200-day MA

The U.S. president said he delayed imposing 50% tariffs on EU imports after a call from the president of the European Commission. On this news, S&P500 index futures are adding nearly 1.5% on Monday, pushing back from the 200-day moving average as support. Unlikely to be intentional, but Trump has helped in the formation of an important bullish pattern, keeping the key US market index above the psychologically important curve that separates a rising market from a falling market.

The index was above that line on May 12th but started to give up ground just under a week ago and briefly fell below 5800 last Friday on unexpected news of 50% tariffs. The leisurely pace of negotiations by European bureaucrats has infuriated the US President, who has so far had no meaningful progress on tariff deals with the EU as opposed to some agreements with the UK, China and several other partners.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

🗓 Economic Calendar at 2025/05/27 (GMT)

08:00 🇦🇺 RBA Deputy Governor Andrew Hauser Speaks

12:30 🇺🇸 Durable Goods Orders — Exp: -7.6% | -0.1% Actual: -6.3% | 0.2%

13:00 🇺🇸 S&P/Case-Shiller 20 City — Exp: 4.5% Actual: 4.1%

14:00 🇺🇸 ⚡️ CB Consumer Confidence — Exp: 87.1 Actual: 98.0

16:20 🇨🇭 ⚡️ SNB Chairman Martin Schlegel Speaks


[Updated in real time]

Platinum Wave Analysis – 26 May 2025

- Platinum reversed from long-term resistance level 1095,00

- Likely to fall to support level 1075.00

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

Bitcoin Wave Analysis – 26 May 2025

- Bitcoin reversed from support level 106850,00

- Likely to rise to resistance level 111830.00

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

S&P 500 Wave Analysis – 26 May 2025

S&P 500: ⬆️ Buy

- S&P 500 reversed from support level 5775,00

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

EURJPY Wave Analysis – 26 May 2025

- EURJPY reversed from key support level 161.40

- Likely to rise to resistance level 165.00

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

Since the poll:
BTC +12%
XMR + 41%

At this point, Monero enters top 20 coins by market cap

USDJPY forming a bottom at 140 with upside potential to 160+

The media often focuses on the impact of America's debt problems on the dollar, but events in Japan have every chance to be more dramatic. Japan is buried under a debt burden exceeding 230% of GDP. This is double the average burden for developed countries and by a wide margin exceeds the nearest major peers (Greece at 142%, Italy at 137%, and the US at 122%), if we exclude small countries like Sudan, Singapore, and the like.

High debt limits a government's ability to absorb risk, much like an overloaded car: the difference may be subtle on a smooth road, but it becomes glaring on a rough one. At a time when even the solvency of the US is in question, it should come as no surprise that investors are asking the same question of other debtors.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost