What moves the market on May 25?

What moves the market on May 25?

Investors are confused. They weigh the prospect of a soon recovery as economies are reopening against the growing US-China tension. Also, analysts anticipate the whole trading to be discreet with US and British markets closed for public holidays.

Stocks gain

The risk-on mood still had a positive impact on stock indexes, such as S&P 500, Nasdaq and Dow Jones. S&P 500 has gained and approached the retracement level at 2975. If it crosses it, it will open doors toward the psychological mark at 3000. Support is at 2895.

S&P500H4.png

Risk-on currencies are under pressure

Whereas, optimism around economic reopening is fading because of the lack of transparency in US-China relationships. Beijing decided to put security laws on Hong Kong, what was viewed negatively by the USA. Investors prefer safe-haven currencies to risk-on ones. AUD, NZD and GBP are moving down under pressure. Let’s look more closely at AUD/USD. It had been a strong upward trend since March 20. Nevertheless, the price has started falling on May 21. It’s may be just a correction. After the pullback to the support line at 0.649, it can move up again. Retracement is at 0.66. Support levels are at 0.649, 0.64 and 0.627.

AUDUSDDaily.png

USD vs JPY

The Japan’s government is expected to lift the state of emergency in Tokyo and its surrounding regions. The US dollar remains the most preferable currency among other safe-haven ones. It has even unbeaten the Japanese yen. USD/JPY has almost broken through the retracement level at 107.725. The next one is at 107.9. Support lines are at 107.35 and 107.1.

USDJPYH4.png

LOG IN

Similar

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera