🗓 Economic Calendar at 2025/05/20 (GMT)

01:00 🇨🇳 Loan Prime Rate — Exp: 3.00% | 3.50% Actual: 3.00% | 3.50%

04:30 🇦🇺 ⚡️ RBA Interest Rate Decision — Exp: 3.85% Actual: 3.85%

04:30 🇦🇺 ⚡️ RBA Rate Statement

04:30 🇦🇺 ⚡️ RBA Monetary Policy Statement

05:30 🇦🇺 ⚡️ RBA Media Conference

08:00 🇬🇧 MPC Member Huw Pill Speaks

12:30 🇨🇦 ⚡️ Consumer Price Index — Exp: -0.1% | 1.6% Actual: -0.1% | 1.7%

12:30 🇨🇦 Core CPI — Exp: 0.2% Actual: 0.5% | 2.5%

12:30 🇨🇦 Common Core CPI — Exp: 2.4% Actual: 2.5%

12:30 🇨🇦 Median Core CPI — Exp: 2.9% Actual: 3.2%

12:30 🇨🇦 Trimmed Core CPI — Exp: 2.9% Actual: 3.1%

22:45 🇳🇿 Trade Balance — Exp: 500M

23:00 🇺🇸 FOMC Member Beth M. Hammack Speaks

23:00 🇺🇸 FOMC Member Mary Daly Speaks


[Updated in real time]

DAX Wave Analysis – 19 May 2025

- DAX reversed from the support level 23320.00

- Likely to rise to resistance level 24500.00

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⚠️ Australia — RBA Interest Rate Decision at 03:00 GMT

✔️ Prev: 4.10%

🕒 Exp: 3.85%

🎯 Fact.: 3.85%

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⚠️ Australia — RBA Media Conference at 05:30 GMT

Rating downgrade didn’t spook US markets, but the fundamental picture is deteriorating

US indices reacted swiftly to Moody's top US credit rating downgrade. On previous occasions of similar decisions (in August 2011 by S&P Global and in August 2023 by Fitch), the markets showed a multi-day decline of about 10% and continued the downtrend over the following two to three months. It should be noted that additional negative factors contributed to the markets' decline at that time.

This time, the situation turned out to be different: the comments of the US authorities' representatives about the lateness of the decision contributed to the market recovery. Investors promptly bought back the 1.5% drawdown, which allowed the Nasdaq 100 and S&P 500 indices to renew their two- and three-month highs.

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⚠️ Canada — Consumer Price Index at 03:00 GMT

✔️ Prev: 0.3% | 2.3%

🕒 Exp: -0.1% | 1.6%

🎯 Fact.: -0.1% | 1.7% 📈

🇺🇸 Trading dynamics at the stock market pre-market

📉 Negative dynamics are observed at the US stock market pre-market.

In the Financials sector, Mastercard (MA) is up +0.02%, while Citigroup (C) is down -0.22%.

In the Electronic Technology sector, NVIDIA (NVDA) is down -0.57%, while Broadcom (AVGO) is losing -0.93%.

In the Healthcare sector, Johnson & Johnson (JNJ) is up +0.13%, while AbbVie (ABBV) is down -0.06%.

The current dynamics may increase interest in the dollar as a stable asset, putting pressure on riskier currencies.

Neither the US rating nor Coinbase’s problems hurt Bitcoin

Moody's US credit rating downgrade spooked Bitcoin, but not for long. According to HSBC, the recent trade truce between Washington and Beijing changed the game. It has permanently raised global risk appetite, allowing digital assets to flourish. Could the loss of the States' latest top rating stop the BTCUSD bulls? As it turns out, no.

Bitcoin is being driven upwards by a crowd of retail investors, who are also driving the US stock market. Small players don't care that the US economy is slowing down, and the Fed is not going to cut rates. Traders are buying the S&P 500 and digital assets simply because they are rising. At the same time, Morgan Stanley's recommendation to buy the dips in stock indices is adding fuel to the fire of the rally in stocks and BTC.

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DAX40 and FTSE100 outperform the S&P500, rejecting economists’ pessimism

Tariff wars have increased the legitimacy of stimulus measures in Europe and Asia. Since the start of the year, the ECB and Bank of England have been aggressively cutting rates against the Fed's continued rate hikes. The People's Bank of China made a small, 0.1 percentage point cut on Tuesday morning. Earlier this year, Germany announced an $800 billion package of support for the economy, abandoning a tight budget framework, contrasting with the mood for budget deficit reduction in the United States.

Germany's DAX40 hit all-time highs on Monday. The German market is feeling the envy of its peers, trading in the 24000 area, nearly 28% above the early April lows. The FTSE100 is less than 2% off its peaks set in early March. This has been achieved, contrary to the more than 8% strengthening of the pound and euro against the dollar since the start of the year and is indicative of the strength of Europe's markets against the US. This is a higher rate of growth in the case of the DAX and a stronger recovery in the case of the FTSE.

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Pro News Flash video: Bitcoin Shrugs Off Moody’s Downgrade US

In today’s episode, we’re diving into why nothing seems to stop Bitcoin—not even a US credit downgrade or a $20M Coinbase breach! Retail traders are in full control, global risk appetite is booming, and BTC is riding the momentum. Plus, we’ll touch on Trump’s latest crypto stunt and what it means for the market. Is Bitcoin gearing up to smash through 107K? Or will rising fraud risks slow things down?



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Silver Wave Analysis – 20 May 2025

- Silver reversed from support level 31.70

- Likely to rise to resistance level 33.50

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EURUSD Wave Analysis – 20 May 2025

- EURUSD broke daily down channel

- Likely to rise to resistance level 1.1370

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🗓 Economic Calendar at 2025/05/21 (GMT)

06:00 🇬🇧 ⚡️ Consumer Price Index — Exp: 1.1% | 3.3% Actual: 1.2% | 3.5%

06:00 🇬🇧 Core CPI — Exp: 3.6% Actual: 3.8%

06:00 🇬🇧 Retail Price Index — Exp: 1.5% | 4.2% Actual: 1.8% | 4.5%

08:00 🇪🇺 ECB Financial Stability Report

14:30 🇺🇸 Crude Oil Inventories — Exp: -900K Actual: 1328K

16:15 🇺🇸 FOMC Member Michelle W. Bowman Speaks


[Updated in real time]

Costco Wave Analysis – 20 May 2025

- Costco broke resistance level 1020.00

- Likely to rise to resistance level 1080.00

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Platinum Wave Analysis – 20 May 2025

- Platinum broke the resistance level 1005.00

- Likely to rise to resistance level 1080.00

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⚠️ UK — Consumer Price Index at 03:00 GMT

✔️ Prev: 0.3% | 2.6%

🕒 Exp: 1.1% | 3.3%

🎯 Fact.: 1.2% 📈 | 3.5% 📈