⚠️ Canada — Employment Change at 12:30 GMT

✔️ Prev: -32.6K

🕒 Exp: 4.1K
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⚠️ Canada — Unemployment Rate at 12:30 GMT

✔️ Prev: 6.7%

🕒 Exp: 6.8%

Solana Wave Analysis – 9 May 2025

- Solana is approaching the resistance level 177.50

- Likely to rise to resistance level 200.00

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WTI Wave Analysis – 9 May 2025

- WTI reversed from support area

- Likely to rise to resistance level 62.00

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Dollar: A counterattack

The US Dollar has gone on the counterattack thanks to the Fed's reluctance to cut rates and support from the White House. The US and China are preparing for trade talks, and Donald Trump is announcing a deal with the UK. Rumours are circulating in the market that the President will loosen Joe Biden's restrictions on trade in artificial intelligence chips. This allows the S&P 500 and the USD index to spread their wings.

Jerome Powell argues that the US economy is strong, which gives the Fed time to keep rates in the 4.25%- 4.5% range. The central bank is worried about inflation accelerating due to the rates, while its counterparts from other countries fear slowing economic growth. They intend to cut rates, and the divergence in monetary policy plays into the hands of the US dollar.

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🇺🇸 Trading dynamics at the stock market pre-market

The US stock market pre-market today is dominated by positive dynamics.

Google (GOOGL) shares are up 0.05 per cent, Meta (META) adds 0.80 per cent, and Tesla (TSLA) shows a 1.02 per cent rise.

In the technology sector, Oracle (ORCL) is losing 0.47%, and NVIDIA (NVDA) is up 0.03%.

In the financial sector, JPMorgan (JPM) is up 0.70%, and in the consumer discretionary sector, Procter & Gamble (PG) is losing 0.04%.

Such dynamics may weaken demand for the dollar as a defensive asset, supporting other currencies.

Indices: Who fuels market greed?

The 13% rally of the S&P 500 from April's bottom levels made stocks expensive again and increased the likelihood of renewed capital outflows from the US to Europe and other regions. However, Citigroup categorically does not recommend getting rid of US securities.

At the same time, JP Morgan believes that the broad stock index has a better chance of rising towards 6000 than going into a deep correction. They say that the easing of trade tensions, the ‘bullish’ sentiment of individual investors and corporate reports that beat forecasts will allow the S&P 500 to continue its rally.

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🗓 Economic Calendar at 2025/05/10 (GMT)

01:30 🇨🇳 ⚡️ Consumer Price Index — Exp: -0.1% Actual: -0.1%

01:30 🇨🇳 Producer Price Index — Exp: -2.7% Actual: -2.7%


[Updated in real time]

USDCAD Wave Analysis – 9 May 2025

- USDCAD reversed from support area

- Likely to rise to resistance level 1.3980

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Trump Coin Wave Analysis – 9 May 2025

Trump Coin: ⬆️ Buy

- Trump Coin reversed from support area

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⚠️ China — Consumer Price Index at 01:30 GMT

✔️ Prev: -0.1%

🕒 Exp: -0.1%

🗓 Economic Calendar at 2025/05/12 (GMT)

14:25 🇺🇸 FOMC Member Adriana D. Kugler Speaks


[Updated in real time]

Crypto market slows down, nearing a top

The crypto market slowed down but continued to move upwards over the weekend, reaching $3.35 trillion. For the past few days, it has been trading in the region of the highs since early February. Ethereum and Dogecoin have been the stars of this movement, adding around 40% in seven days, although the former's contribution is certainly more significant.

The crypto market's sentiment is consolidating in the greed zone, leaving the corresponding index at 70 for the last three days. This is a good basis for continued gains: not too hot to take profits and not too cold to leave traders on the sidelines.

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🇺🇸 Trading dynamics at the stock market premarket

📈 Positive dynamics prevail at the US stock market pre-market today.

Google (GOOGL) shares are up 2.86%, Meta (META) adds 6.36% and Tesla (TSLA) shows a rise of 8.08%.

In the technology sector, Oracle (ORCL) is losing 0.47% while NVIDIA (NVDA) is up 4.53%.

In the financial sector, JPMorgan (JPM) gains 3.43% and in the consumer discretionary sector, Procter & Gamble (PG) loses 0.04%.

Such dynamics may weaken demand for the dollar as a defensive asset, supporting other currencies.

USDCHF Wave Analysis – 12 May 2025

- USDCHF broke resistance area

- Likely to rise to resistance levels 0.8500 and 0.8600

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Dow Jones Wave Analysis – 12 May 2025

Dow Jones: ⬆️ Buy

- Dow Jones broke the resistance area

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🗓 Economic Calendar at 2025/05/13 (GMT)

06:00 🇬🇧 Claimant Count Change — Exp: 22.3K Actual: 5.2K

06:00 🇬🇧 Unemployment Rate — Exp: 4.5% Actual: 4.5%

06:00 🇬🇧 Average Earnings Index — Exp: 5.2% | 5.7% Actual: 5.5% | 5.6%

09:00 🇩🇪 ZEW Economic Sentiment — Exp: 9.8 Actual: 25.2

09:00 🇩🇪 ZEW Survey (Current Situation) — Exp: -77 Actual: -82.0

09:00 🇪🇺 ZEW Economic Sentiment — Exp: -4.4 Actual: 11.6

12:30 🇺🇸 ⚡️ Consumer Price Index — Exp: 0.3% | 2.4% Actual: 0.2% | 2.3%

12:30 🇺🇸 ⚡️ Core CPI — Exp: 0.3% | 2.8% Actual: 0.2% | 2.8%

15:00 🇬🇧 ⚡️ BOE Governor Andrew Bailey Speaks


[Updated in real time]