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WEEKLY MARKET REPORT
🗓 Calendar:
Monday: US-Iran War News;Tuesday: Pending Home Sales; 2 Fed Speakers;Wednesday: Fed FOMC Minutes; $NVDA Earnings 🚨Thursday: Jobless Claims, Philly Mfg. Survey, Mfg., Services PMIs; $WMTFriday: Consumer Sentiment
🌐Main news:
The US Dollar printed a large bullish candlestick last week, supported by CPI coming in at 3.8% - a 2-year high, and PPI surging 1.4% month-on-month against an expected 0.5%. New Fed Chair Kevin Warsh's historically divided confirmation vote, combined with outgoing Chair Powell staying on as a voting member, is raising serious questions about Fed independence and monetary policy direction.
The Euro collapsed over the past week as the US Dollar strengthened across the board on rising yields and energy inflation concerns. Analysts warn the pair could slide further toward the $1.14 level - the bottom of the range held since March - as interest rate differentials continue to favor the greenback.
Crude Oil remains elevated near $101 (WTI), with Brent trading around $109 and up 74% year-to-date, as the ongoing Strait of Hormuz blockade severely disrupts Iranian exports and regional supply. A drone strike on the UAE's Barakah nuclear power plant and President Trump's warning that the "clock is ticking" for Iran are keeping geopolitical risk premium firmly priced into energy markets.
Bitcoin is trading roughly 5% below its critical 200-day moving average at $82,300, a level it hasn't closed above since January. Bitcoin ETFs recorded a net outflow of $1 billion for the week ending May 15 - their largest weekly exit since January - snapping a six-week inflow streak just as BTC tested that key resistance level.
The S&P 500 narrowly avoided its first lower weekly close in seven weeks, retreating from an intraday all-time high above 7,500 to close at 7,408.50, while the NASDAQ 100 did post a lower weekly close. Investors are warning that equity markets have not fully priced in the risk of rocketing inflation and surging Treasury yields, with the 30-year bond yield hitting 5.121% - its highest level since October 2023.
Nvidia is set to report first-quarter earnings on Wednesday, May 20, and the bar is high - analysts expect a clear "beat and raise" as the stock recently broke out to new all-time highs. Beyond the headline numbers, markets will be watching closely for commentary on competition from AMD and custom silicon rivals, demand sustainability for Blackwell and Rubin systems, and any updates on capital return plans. 🚨
#NewsAboutCrypto #BTC #MarketSentimentToday
Monday: US-Iran War News;Tuesday: Pending Home Sales; 2 Fed Speakers;Wednesday: Fed FOMC Minutes; $NVDA Earnings 🚨Thursday: Jobless Claims, Philly Mfg. Survey, Mfg., Services PMIs; $WMTFriday: Consumer Sentiment
🌐Main news:
The US Dollar printed a large bullish candlestick last week, supported by CPI coming in at 3.8% - a 2-year high, and PPI surging 1.4% month-on-month against an expected 0.5%. New Fed Chair Kevin Warsh's historically divided confirmation vote, combined with outgoing Chair Powell staying on as a voting member, is raising serious questions about Fed independence and monetary policy direction.
The Euro collapsed over the past week as the US Dollar strengthened across the board on rising yields and energy inflation concerns. Analysts warn the pair could slide further toward the $1.14 level - the bottom of the range held since March - as interest rate differentials continue to favor the greenback.
Crude Oil remains elevated near $101 (WTI), with Brent trading around $109 and up 74% year-to-date, as the ongoing Strait of Hormuz blockade severely disrupts Iranian exports and regional supply. A drone strike on the UAE's Barakah nuclear power plant and President Trump's warning that the "clock is ticking" for Iran are keeping geopolitical risk premium firmly priced into energy markets.
Bitcoin is trading roughly 5% below its critical 200-day moving average at $82,300, a level it hasn't closed above since January. Bitcoin ETFs recorded a net outflow of $1 billion for the week ending May 15 - their largest weekly exit since January - snapping a six-week inflow streak just as BTC tested that key resistance level.
The S&P 500 narrowly avoided its first lower weekly close in seven weeks, retreating from an intraday all-time high above 7,500 to close at 7,408.50, while the NASDAQ 100 did post a lower weekly close. Investors are warning that equity markets have not fully priced in the risk of rocketing inflation and surging Treasury yields, with the 30-year bond yield hitting 5.121% - its highest level since October 2023.
Nvidia is set to report first-quarter earnings on Wednesday, May 20, and the bar is high - analysts expect a clear "beat and raise" as the stock recently broke out to new all-time highs. Beyond the headline numbers, markets will be watching closely for commentary on competition from AMD and custom silicon rivals, demand sustainability for Blackwell and Rubin systems, and any updates on capital return plans. 🚨
#NewsAboutCrypto #BTC #MarketSentimentToday
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