416540 May 15, 2025 13:14 ICMarkets Market News
Global Markets:
Asia-Pacific markets mostly declined on Thursday, diverging from Wall Street’s upward momentum as investors weighed recent U.S.-China trade developments. Japan’s Nikkei 225 dropped 0.90%, while the Topix shed 0.75%. In South Korea, the Kospi slid 0.29%, and the small-cap Kosdaq declined 0.37%. Hong Kong’s Hang Seng index fell 0.42%, and China’s CSI 300 lost 0.6%. India’s Nifty 50 opened flat, showing little movement.
Australia’s S&P/ASX 200 was a rare outlier, posting a gain of 0.21%.
U.S. stock futures slipped slightly in overnight trading, despite recent strength in the equity markets. Earlier this week, the U.S. and China reached a temporary pause in their ongoing tariff battle, which had sparked optimism among investors.
On Wednesday, U.S. markets saw mixed results. The S&P 500 rose 0.10% to close at 5,892.58, marking its third consecutive day of gains and pushing the index into positive territory for the year. The tech-heavy Nasdaq Composite performed strongly, climbing 0.72% to finish at 19,146.81. However, the Dow Jones Industrial Average lagged, falling 89.37 points or 0.21%, closing at 42,051.06. Despite some progress on trade, global markets remain sensitive to economic indicators and policy shifts.
The post Thursday 15th May 2025: Asia-Pacific Markets Decline Amid Caution on U.S.-China Trade and Economic Outlook first appeared on IC Markets | Official Blog.
416539 May 15, 2025 13:14 ICMarkets Market News
IC Markets Europe Fundamental Forecast | 15 May 2025
What happened in the Asia session?
Australia’s labour force report for April surprised to the upside as employment surged by 89k, easily surpassing the 20.9k forecasts, while figures for March were also revised higher from 32.2k to 36.4k. The latest results marked a new record of 14.64 million employees in the land down under. With the unemployment rate holding steady at 4.1% for the second consecutive month, this was a robust labour market report.
What does it mean for the Europe & US sessions?
After expanding relatively strongly in February with a monthly growth rate of 0.5%, the British economy is now expected to stall in March. Industrial production had led the strong growth in February, along with the services sector. Should GDP output miss broadly to the downside, the pound could face headwinds before the start of the European trading hours.
The Eurozone economy is expected to grow by 0.4% in the first quarter of 2025, accelerating from 0.2% in the previous quarter, according to a preliminary estimate. The pick-up was supported by stronger domestic demand, driven by easing inflation, lower borrowing costs, and renewed optimism following Germany’s agreement to loosen fiscal constraints. These developments look to have offset persistent concerns over volatile U.S. tariff policies. However, economic momentum may soften in the months ahead, as the implementation of new U.S. duties begins to weigh on EU exports, while heightened uncertainty dampens investment and household consumption. A robust set of results could function as strong tailwinds for the euro today.
The Dollar Index (DXY)
Key news events today
PPI (12:30 pm GMT)
Retail Sales (12:30 pm GMT)
Unemployment Claims (12:30 pm GMT)
Fed Chair Powell’s Speech (12:40 pm GMT)
What can we expect from DXY today?
There is a deluge of key macroeconomic data consisting of inflation, consumer spending and labour market metrics that will be closely monitored during the U.S. session, with the prospect of increased volatility for the greenback later today. In addition, Federal Reserve Chairman Jerome Powell will be delivering his opening remarks at the Second Thomas Laubach Research Conference in Washington D.C. where he could provide his insights on the U.S.-China trade deal that was announced over the weekend. This potential de-escalation between these two nations would surely have an impact on the Fed’s decision-making process from now till the next FOMC meeting in mid-June.
Central Bank Notes:
Next 24 Hours Bias
Weak Bearish
Gold (XAU)
Key news events today
PPI (12:30 pm GMT)
Retail Sales (12:30 pm GMT)
Unemployment Claims (12:30 pm GMT)
Fed Chair Powell’s Speech (12:40 pm GMT)
What can we expect from Gold today?
After falling 2.7% on Wednesday, spot prices for gold steadied around $3,170/oz in early trading on Thursday. Federal Reserve Chairman Jerome Powell’s comments and today’s key U.S. macroeconomic data will drive near-term direction for this precious metal. Powell will be delivering his opening remarks at the Second Thomas Laubach Research Conference in Washington D.C. where he could provide his insights on the U.S.-China trade deal that was announced over the weekend. This potential de-escalation between these two nations would surely have an impact on the Fed’s decision-making process from now till the next FOMC meeting in mid-June.
Next 24 Hours Bias
Weak Bearish
The Australian Dollar (AUD)
Key news events today
Labour Force Report (1:30 am GMT)
What can we expect from AUD today?
Australia’s labour force report for April surprised to the upside as employment surged by 89k, easily surpassing the 20.9k forecasts, while figures for March were also revised higher from 32.2k to 36.4k. The latest results marked a new record of 14.64 million employees in the land down under. With the unemployment rate holding steady at 4.1% for the second consecutive month, this was a robust labour market report.
Central Bank Notes:
Next 24 Hours Bias
Weak Bullish
The Kiwi Dollar (NZD)
Key news events today
No major news events.
What can we expect from NZD today?
The Kiwi hovered around 0.5880 at the beginning of Thursday’s Asia session, buoyed by broader weakness in the greenback. With no domestic catalysts on hand, this currency pair will take direction from key U.S. macroeconomic data as well as Federal Reserve Chairman Jerome Powell’s speech later today
Central Bank Notes:
Next 24 Hours Bias
Weak Bullish
The Japanese Yen (JPY)
Key news events today
No major news events.
What can we expect from JPY today?
Despite waning demand for safe-haven assets such as gold and the franc, the yen has continued to strengthen this week as USD/JPY tumbled as much as 1.9% on Tuesday. Overhead pressures remain in place for this currency pair as it slid toward 146 as Asian markets came online on Thursday.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
The Euro (EUR)
Key news events today
GDP (9:00 am GMT)
Industrial Production (9:00 am GMT)
What can we expect from EUR today?
The Eurozone economy is expected to grow by 0.4% in the first quarter of 2025, accelerating from 0.2% in the previous quarter, according to a preliminary estimate. The pick-up was supported by stronger domestic demand, driven by easing inflation, lower borrowing costs, and renewed optimism following Germany’s agreement to loosen fiscal constraints. These developments look to have offset persistent concerns over volatile U.S. tariff policies. However, economic momentum may soften in the months ahead, as the implementation of new U.S. duties begins to weigh on EU exports, while heightened uncertainty dampens investment and household consumption. A robust set of results could function as strong tailwinds for the euro today.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Swiss Franc (CHF)
Key news events today
No major news events.
What can we expect from CHF today?
Faltering demand for safe-haven assets such as the franc has propped up USD/CHF this week. This currency pair was floating around 0.8400 at the beginning of Thursday’s Asia session and it could face higher volatility during the U.S. session as key American macroeconomic data is released.
Central Bank Notes:
Next 24 Hours Bias
Weak Bearish
The Pound (GBP)
Key news events today
GDP (6:00 am GMT)
What can we expect from GBP today?
After expanding relatively strongly in February with a monthly growth rate of 0.5%, the British economy is now expected to stall in March. Industrial production had led the strong growth in February, along with the services sector. Should GDP output miss broadly to the downside, the pound could face headwinds before the start of the European trading hours.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Canadian Dollar (CAD)
Key news events today
No major news events.
What can we expect from CAD today?
Lower oil prices are likely to weigh on the Loonie, providing a lift for USD/CAD as it hit an overnight high of 1.3989. This currency pair will also be impacted by the release of key U.S. macroeconomic data and Federal Reserve Chairman Jerome Powell’s speech later today.
Central Bank Notes:
Next 24 Hours Bias
Weak Bearish
Oil
Key news events today
No major news events.
What can we expect from Oil today?
After two weeks of higher-than-anticipated drawdowns, the EIA inventories registered a build of 3.5M barrels of crude versus the estimate of 2M-draw. Combined with the surprise build of 4.3M barrels in the API stockpiles on Tuesday, oil prices have come under intense overhead pressures as fears of oversupply gain traction. In addition, the Organization of the Petroleum Exporting Countries and allied producers, known as OPEC+, have been increasing supply, as reported last week. WTI oil has dropped over 2.8% over the past couple of days, briefly dipping under the $62 mark in early trading on Thursday.
Next 24 Hours Bias
Medium Bearish
The post IC Markets Europe Fundamental Forecast | 15 May 2025 first appeared on IC Markets | Official Blog.
416537 May 15, 2025 11:39 ICMarkets Market News
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could potentially make a bullish continuation toward the 1st resistance.
Pivot: 100.27
Supporting reasons: Identified as an overlap support that aligns with the 61.8% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 99.06
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once again.
1st resistance: 101.91
Supporting reasons: Identified as an overlap resistance that aligns close to the 61.8% Fibonacci retracement, indicating a potential level that could cap further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish continuation toward the 1st support.
Pivot: 1.1265
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.
1st support: 1.1071
Supporting reasons: Identified as an overlap support that aligns close to the 78.6% Fibonacci retracement, indicating a potential area where the price could stabilize once more.
1st resistance: 1.1424
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish continuation toward the 1st support.
Pivot: 164.15
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.
1st support: 162.84
Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, indicating a potential area where the price could stabilize once again.
1st resistance: 165.02
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could rise toward the pivot and potentially make a bearish reversal off this level to fall toward the 1st support.
Pivot: 0.8461
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 0.8374
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could stabilize once more.
1st resistance: 0.8556
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish continuation toward the 1st support.
Pivot: 1.3398
Supporting reasons: Identified as an overlap resistance that aligns with the 78.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 1.3158
Supporting reasons: Identified as an overlap support, acting as a potential level where the price could stabilize once again.
1st resistance: 1.3442
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 193.59
Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 191.71
Supporting reasons: Identified as a pullback support that aligns with the 78.6% Fibonacci retracement, indicating a potential level where the price could stabilize once more.
1st resistance: 196.27
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a bullish continuation toward the 1st resistance.
Pivot: 0.8315
Supporting reasons: Identified as an overlap support that aligns close to the 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 0.8213
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.
1st resistance: 0.8519
Supporting reasons: Identified as a pullback resistance that aligns close to the 61.8% Fibonacci retracement, indicating a potential level that could cap further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 145.92
Supporting reasons: Identified as a pullback support that aligns close to the 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 143.88
Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once more.
1st resistance: 149.02
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 1.3894
Supporting reasons: Identified as an overlap support that aligns close to a 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a minor rebound.
1st support: 1.3761
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.
1st resistance: 1.4004
Supporting reasons: Identified as a multi-swing-high resistance that aligns close to a 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Neutral
Price could rise toward the pivot and potentially make a bearish reversal off this level to pull back toward the 1st support.
Pivot: 0.6502
Supporting reasons: Identified as a multi-swing-high resistance that aligns close to a 127.2% Fibonacci extension, indicating a potential area where selling pressures could intensify.
1st support: 0.6340
Supporting reasons: Identified as an overlap support that aligns close to a 23.6% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.
1st resistance: 0.6678
Supporting reasons: Identified as a swing-high resistance that aligns close to a 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Neutral
Price could rise toward the pivot and potentially make a bearish reversal off this level to pull back toward the 1st support.
Pivot: 0.5958
Supporting reasons: Identified as a -swing-high resistance that aligns with a 61.8% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 0.5828
Supporting reasons: Identified as a pullback support that aligns close to a 38.2% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.
1st resistance: 0.6019
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 41,543.70
Supporting reasons: Identified as a pullback support that aligns close to a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend. The presence of the green Ichimoku Cloud adds further significance to the strength of the bullish momentum.
1st support: 40,673.70
Supporting reasons: Identified as an overlap support that aligns with a 38.2% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.
1st resistance: 42,740.30
Supporting reasons: Identified as a swing-high resistance that aligns with a 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 23,438.30
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend. The presence of the green Ichimoku Cloud adds further significance to the strength of the bullish momentum.
1st support: 22,533.30
Supporting reasons: Identified as a pullback support that aligns close to a 23.6% Fibonacci retracement, indicating a key level where the price could stabilize once more.
1st resistance: 24,741.85
Supporting reasons: Identified as a resistance that aligns with a 127.2% Fibonacci extension, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 5,778.60
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to resume the uptrend. The presence of the green Ichimoku Cloud adds further significance to the strength of the bullish momentum.
1st support: 5,586.50
Supporting reasons: Identified as a multi-swing-low support that aligns with a 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once again.
1st resistance: 5,974.80
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 99,293.10
Supporting reasons: Identified as a pullback support that aligns close to a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend. The presence of the green Ichimoku Cloud adds further significance to the strength of the bullish momentum.
1st support: 93,115.91
Supporting reasons: Identified as a multi-swing-low support that aligns close to a 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once more.
1st resistance: 105,599.75
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 2,569.20
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to resume the uptrend. The presence of the green Ichimoku Cloud adds further significance to the strength of the bullish momentum.
1st support: 2,304.82
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.
1st resistance: 2,830.65
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 61.40
Supporting reasons: Identified as a multi-swing-low support, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 59.48
Supporting reasons: Identified as a pullback support that aligns with a 50% Fibonacci retracement, indicating a key level where the price could stabilize once more.
1st resistance: 64.55
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 3155.33
Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 3056.18
Supporting reasons: Identified as a pullback support that aligns close to the 78.6% Fibonacci retracement, acting as a potential level where price could stabilize once again.
1st resistance: 3241.36
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.
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The post Thursday 15th May 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.
416536 May 15, 2025 11:39 ICMarkets Market News
IC Markets Asia Fundamental Forecast | 15 May 2025
What happened in the U.S. session?
Federal Reserve Governor Christopher Waller’s speech in Morocco had no direct policy signals, but Fed Governor Philip Jefferson explicitly addressed the recent tariff announcements at the Second District Advisory Council in New York. He stated that sustained tariff increases “are likely to interrupt progress on disinflation and generate at least a temporary rise in inflation”, and emphasised the heightened uncertainty surrounding government policies, particularly trade, which had led to a decline in business sentiment according to various surveys. Governor Jefferson’s comments appear to have contributed to a cautious market sentiment, lifting U.S. Treasury yields while tempering gains in U.S. equities.
What does it mean for the Asia Session?
Australia’s labour force report for April is expected to show employment change growing steadily for the second month in a row, while the unemployment rate remains unchanged at 4.1%. Following Wednesday’s stronger-than-anticipated wage growth, the Aussie could receive an additional boost if markets receive a robust set of employment figures this morning.
The Dollar Index (DXY)
Key news events today
PPI (12:30 pm GMT)
Retail Sales (12:30 pm GMT)
Unemployment Claims (12:30 pm GMT)
Fed Chair Powell’s Speech (12:40 pm GMT)
What can we expect from DXY today?
There is a deluge of key macroeconomic data consisting of inflation, consumer spending and labour market metrics that will be closely monitored during the U.S. session, with the prospect of increased volatility for the greenback later today. In addition, Federal Reserve Chairman Jerome Powell will be delivering his opening remarks at the Second Thomas Laubach Research Conference in Washington D.C. where he could provide his insights on the U.S.-China trade deal that was announced over the weekend. This potential de-escalation between these two nations would surely have an impact on the Fed’s decision-making process from now till the next FOMC meeting in mid-June.
Central Bank Notes:
Next 24 Hours Bias
Weak Bearish
Gold (XAU)
Key news events today
PPI (12:30 pm GMT)
Retail Sales (12:30 pm GMT)
Unemployment Claims (12:30 pm GMT)
Fed Chair Powell’s Speech (12:40 pm GMT)
What can we expect from Gold today?
After falling 2.7% on Wednesday, spot prices for gold steadied around $3,170/oz in early trading on Thursday. Federal Reserve Chairman Jerome Powell’s comments and today’s key U.S. macroeconomic data will drive near-term direction for this precious metal. Powell will be delivering his opening remarks at the Second Thomas Laubach Research Conference in Washington D.C. where he could provide his insights on the U.S.-China trade deal that was announced over the weekend. This potential de-escalation between these two nations would surely have an impact on the Fed’s decision-making process from now till the next FOMC meeting in mid-June.
Next 24 Hours Bias
Weak Bearish
The Australian Dollar (AUD)
Key news events today
Labour Force Report (1:30 am GMT)
What can we expect from AUD today?
Australia’s labour force report for April is expected to show employment change growing steadily for the second month in a row, while the unemployment rate remains unchanged at 4.1%. Following Wednesday’s stronger-than-anticipated wage growth, the Aussie could receive an additional boost if markets receive a robust set of employment figures this morning.
Central Bank Notes:
Next 24 Hours Bias
Weak Bullish
The Kiwi Dollar (NZD)
Key news events today
No major news events.
What can we expect from NZD today?
The Kiwi hovered around 0.5880 at the beginning of Thursday’s Asia session, buoyed by broader weakness in the greenback. With no domestic catalysts on hand, this currency pair will take direction from key U.S. macroeconomic data as well as Federal Reserve Chairman Jerome Powell’s speech later today
Central Bank Notes:
Next 24 Hours Bias
Weak Bullish
The Japanese Yen (JPY)
Key news events today
No major news events.
What can we expect from JPY today?
Despite waning demand for safe-haven assets such as gold and the franc, the yen has continued to strengthen this week as USD/JPY tumbled as much as 1.9% on Tuesday. Overhead pressures remain in place for this currency pair as it slid toward 146 as Asian markets came online on Thursday.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
The Euro (EUR)
Key news events today
GDP (9:00 am GMT)
Industrial Production (9:00 am GMT)
What can we expect from EUR today?
The Eurozone economy is expected to grow by 0.4% in the first quarter of 2025, accelerating from 0.2% in the previous quarter, according to a preliminary estimate. The pick-up was supported by stronger domestic demand, driven by easing inflation, lower borrowing costs, and renewed optimism following Germany’s agreement to loosen fiscal constraints. These developments look to have offset persistent concerns over volatile U.S. tariff policies. However, economic momentum may soften in the months ahead, as the implementation of new U.S. duties begins to weigh on EU exports, while heightened uncertainty dampens investment and household consumption. A robust set of results could function as strong tailwinds for the euro today.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Swiss Franc (CHF)
Key news events today
No major news events.
What can we expect from CHF today?
Faltering demand for safe-haven assets such as the franc has propped up USD/CHF this week. This currency pair was floating around 0.8400 at the beginning of Thursday’s Asia session and it could face higher volatility during the U.S. session as key American macroeconomic data is released.
Central Bank Notes:
Next 24 Hours Bias
Weak Bearish
The Pound (GBP)
Key news events today
GDP (6:00 am GMT)
What can we expect from GBP today?
After expanding relatively strongly in February with a monthly growth rate of 0.5%, the British economy is now expected to stall in March. Industrial production had led the strong growth in February, along with the services sector. Should GDP output miss broadly to the downside, the pound could face headwinds before the start of the European trading hours.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Canadian Dollar (CAD)
Key news events today
No major news events.
What can we expect from CAD today?
Lower oil prices are likely to weigh on the Loonie, providing a lift for USD/CAD as it hit an overnight high of 1.3989. This currency pair will also be impacted by the release of key U.S. macroeconomic data and Federal Reserve Chairman Jerome Powell’s speech later today.
Central Bank Notes:
Next 24 Hours Bias
Weak Bearish
Oil
Key news events today
No major news events.
What can we expect from Oil today?
After two weeks of higher-than-anticipated drawdowns, the EIA inventories registered a build of 3.5M barrels of crude versus the estimate of 2M-draw. Combined with the surprise build of 4.3M barrels in the API stockpiles on Tuesday, oil prices have come under intense overhead pressures as fears of oversupply gain traction. In addition, the Organization of the Petroleum Exporting Countries and allied producers, known as OPEC+, have been increasing supply, as reported last week. WTI oil has dropped over 2.8% over the past couple of days, briefly dipping under the $62 mark in early trading on Thursday.
Next 24 Hours Bias
Medium Bearish
The post IC Markets Asia Fundamental Forecast | 15 May 2025 first appeared on IC Markets | Official Blog.
416535 May 15, 2025 11:14 ICMarkets Market News
Markets Consolidate Ahead of Fresh Data – Nasdaq up 0.7%
US markets consolidated in trading yesterday as investors digested all the recent trade updates and looked ahead to more data today. US stock indices were mixed, the Dow closing down 0.21% on the day, while the S&P and Nasdaq recorded gains of 0.10% and 0.72%, respectively. US Treasury yields pushed higher to multi-month highs, the 2-year up 4.2 basis points to 4.059%, and the 10-year up 4.5 basis points to 4.556%. The dollar edged higher against the majors, the DXY up 0.05% to 101.05. Oil prices fell after recent big gains, Brent off 0.81% to $66.09, and WTI down 0.82% to $63.15 a barrel. Gold prices also resumed their recent decline, closing down 2.15% at $3,177.55 on the day.
US Data Drop to Hit Fed Expectations Today
There is a plethora of US data releases due to hit the market today, all at the same time, and traders will be hoping for some consistency from the results that will help to lock in Fed rate cut expectations and give some direction for the dollar. Fed rate cut expectations have dropped considerably over the last month for any move at the next meeting in June, with only a 10% chance now being priced in, despite a slightly weaker CPI print earlier in the week. If today’s data aligns to show that the US economy is alive and well, then expect that number to decrease further and the dollar to gain more ground. Any significantly weaker prints could start to change the market’s mind and see losses for the greenback as rate cut calls increase.
Data in Focus Today Across All Sessions
Investor focus will switch back to economic data today, with some key updates due across all three of the major trading sessions, and a big US data dump coming towards the end of the day. The focus in the Asian session will be on Australian markets again, with key employment data due out. The headline employment change number is expected to show a 21k gain in April, with the Unemployment Rate remaining steady at 4.1%. The European session will see UK markets in focus again as well, with the latest GDP number (exp 0.0% m/m, 0.6% q/q) the highlight of a number of data releases. We then have a big US data drop early in the New York day, with the latest PPI (exp 0.3% m/m), Retail Sales (exp 0.0% m/m), and Weekly Unemployment Claims (exp 229k) numbers all out alongside the Philly Fed (exp -9.9) and Empire State Manufacturing Index (exp -7.9) updates. Then, there will only be a 10-minute gap for traders to digest before we hear from Fed Chair Jerome Powell, which could have an even bigger influence on the market.
The post General Market Analysis – 15/05/25 first appeared on IC Markets | Official Blog.
416501 May 14, 2025 19:00 ICMarkets Market News
1
|
Ex-Dividends | ||
---|---|---|---|
2
|
15/05/2025 | ||
3
|
Indices | Name |
Index Adjustment Points
|
4
|
Australia 200 CFD
|
AUS200 | – |
5
|
IBEX-35 Index | ES35 | 0.82 |
6
|
France 40 CFD | F40 | 0.47 |
7
|
Hong Kong 50 CFD
|
HK50 | 23.12 |
8
|
Italy 40 CFD | IT40 | – |
9
|
Japan 225 CFD
|
JP225 | – |
10
|
EU Stocks 50 CFD
|
STOXX50 | 2.93 |
11
|
UK 100 CFD | UK100 | 21.56 |
12
|
US SP 500 CFD
|
US500 | 1.47 |
13
|
Wall Street CFD
|
US30 | 5.1 |
14
|
US Tech 100 CFD
|
USTEC | 3.95 |
15
|
FTSE CHINA 50
|
CHINA50 | 3.23 |
16
|
Canada 60 CFD
|
CA60 | 1.19 |
17
|
Germany Tech 40 CFD
|
TecDE30 | – |
18
|
Germany Mid 50 CFD
|
MidDE50 | – |
19
|
Netherlands 25 CFD
|
NETH25 | 2.6 |
20
|
Switzerland 20 CFD
|
SWI20 | – |
21
|
Hong Kong China H-shares CFD
|
CHINAH | 10.18 |
22
|
Norway 25 CFD
|
NOR25 | – |
23
|
South Africa 40 CFD
|
SA40 | – |
24
|
Sweden 30 CFD
|
SE30 | – |
25
|
US 2000 CFD | US2000 | 0.36 |
The post Ex-Dividend 15/5/2025 first appeared on IC Markets | Official Blog.
416489 May 14, 2025 13:39 ICMarkets Market News
Asia-Pacific markets were mixed on Wednesday following gains on Wall Street, which were driven by easing U.S.-China trade tensions. Japan’s Nikkei 225 slipped 0.68%, snapping a four-day winning streak, while South Korea’s Kospi rose 0.53%. Australia’s S&P/ASX 200 was mostly unchanged. Hong Kong’s Hang Seng Index climbed 0.96%, whereas China’s CSI 300 remained flat.
Wall Street rallied earlier in the week after the U.S. and China reached a temporary truce on tariffs, with the Dow jumping more than 1,000 points on Monday. Despite the rebound, analysts at Julius Baer remain cautious, noting that they do not share the widespread optimism about a swift resolution. The bank emphasized that any future trade agreements would likely include complex conditions and take time to implement, making a complete rollback of tariffs unlikely.
Investors are also watching Asian chip stocks after Nvidia shares surged. CEO Jensen Huang announced the company will sell over 18,000 of its latest AI chips to Saudi Arabian startup Humain, backed by the country’s Public Investment Fund.
Meanwhile, U.S. stock futures were little changed, indicating a cautious start following a strong week. Futures tied to the S&P 500 and Nasdaq 100 remained flat, while Dow futures edged up by 30 points, or less than 0.1%.
Overnight, U.S. markets closed mixed. The S&P 500 rose 0.72% to 5,886.55, turning positive for the year, and the Nasdaq Composite gained 1.61% to 19,010.08. However, the Dow dropped 269.67 points, or 0.64%, dragged down by an 18% plunge in UnitedHealth shares.
The post Wednesday 14th May 2025: Asia-Pacific Markets Mixed as Wall Street Gains on Easing U.S.-China Trade Tensions first appeared on IC Markets | Official Blog.
416488 May 14, 2025 13:39 ICMarkets Market News
IC Markets Europe Fundamental Forecast | 14 May 2025
What happened in the Asia session?
After declining in the second half of last year, Australia’s wage price index rebounded in the first quarter of 2025, rising at an annual rate of 3.4%, exceeding market expectations of a 3.2% gain. The acceleration was driven by stronger wage growth in the public sector, while private sector wage growth held steady at 3.3% – the lowest since the second quarter of 2022. On a quarterly basis, wage prices climbed 0.9%, up from a 0.7% gain in the previous quarter and ahead of forecasts for a 0.8% increase. The stronger-than-anticipated result could push back the Reserve Bank of Australia’s (RBA) plans for a potential rate cut at the upcoming board meeting next week, which would likely keep the Aussie elevated.
What does it mean for the Europe & US sessions?
Despite a surprise build of 4.3M barrels of crude in the API stockpiles, oil prices rose sharply on Tuesday with WTI oil rallying 2.8% overnight, coming within a whisker of the $64 mark. Following a relatively large draw of 4.5M barrels in the previous week, the latest API report was expected to show another week of drawdown with 2.4M barrels being removed from storage. The EIA inventories are anticipated to register a third successive week of drawdowns later today, a result that could provide further tailwinds for oil prices, especially when coupled with the reduced risk of global trade disruption, has improved the demand outlook.
The Dollar Index (DXY)
Key news events today
Fed Governor Waller’s Speech (9:15 am GMT)
Fed Governor Jefferson’s Speech (1:10 pm GMT)
What can we expect from DXY today?
Federal Reserve Governor Christopher Waller is due to speak at the Award Ceremony for the Winners of the 2nd Edition of the Bank Al-Maghrib Prize for Economic and Financial Research in Morocco, where audience questions are expected. Later on, Fed Governor Philip Jefferson will be speaking about the economic outlook at a virtual event hosted by the Second District Advisory Council. Following the recent announcement of the trade deal between the U.S. and China along with Tuesday’s ‘soft’ U.S. inflation print, markets will be probing these Fed governors for further insights on the outlook for future monetary policy action.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
Gold (XAU)
Key news events today
Fed Governor Waller’s Speech (9:15 am GMT)
Fed Governor Jefferson’s Speech (1:10 pm GMT)
What can we expect from Gold today?
Federal Reserve Governor Christopher Waller is due to speak at the Award Ceremony for the Winners of the 2nd Edition of the Bank Al-Maghrib Prize for Economic and Financial Research in Morocco, where audience questions are expected. Later on, Fed Governor Philip Jefferson will be speaking about the economic outlook at a virtual event hosted by the Second District Advisory Council. Following the recent announcement of the trade deal between the U.S. and China along with Tuesday’s ‘soft’ U.S. inflation print, markets will be probing these Fed governors for further insights on the outlook for future monetary policy action. After tumbling over 6% since last Wednesday, gold found its footing on Tuesday as spot prices stabilised around $3,240/oz.
Next 24 Hours Bias
Weak Bullish
The Australian Dollar (AUD)
Key news events today
Wage Price Index (1:30 am GMT)
What can we expect from AUD today?
After declining in the second half of last year, Australia’s wage price index rebounded in the first quarter of 2025, rising at an annual rate of 3.4%, exceeding market expectations of a 3.2% gain. The acceleration was driven by stronger wage growth in the public sector, while private sector wage growth held steady at 3.3% – the lowest since the second quarter of 2022. On a quarterly basis, wage prices climbed 0.9%, up from a 0.7% gain in the previous quarter and ahead of forecasts for a 0.8% increase. The stronger-than-anticipated result could push back the Reserve Bank of Australia’s (RBA) plans for a potential rate cut at the upcoming board meeting next week, which would likely keep the Aussie elevated.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Kiwi Dollar (NZD)
Key news events today
No major news events.
What can we expect from NZD today?
The Kiwi surged 1.6% on the back of ‘cooling’ U.S. consumer inflation on Tuesday. This currency pair broke through the 0.5900 mark with ease and was seen rising steadily toward 0.5950 as Asian markets came online.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Japanese Yen (JPY)
Key news events today
No major news events.
What can we expect from JPY today?
With inflationary pressures ‘cooling’ in the U.S., demand for the greenback waned causing USD/JPY to retreat 0.7% on Tuesday. This currency pair fell from a high of 148.45 and slid under 147.50 – it continued drifting lower toward the 147 mark at the beginning of Wednesday’s Asia session.
Central Bank Notes:
Next 24 Hours Bias
Weak Bearish
The Euro (EUR)
Key news events today
No major news events.
What can we expect from EUR today?
Tuesday’s significant improvement in the ZEW economic sentiment for both the Euro Area and Germany provided a strong lift for the Euro, while the ‘soft’ CPI result out of the U.S. provided additional tailwinds. This currency pair jumped 1% overnight, and the upward momentum is likely to gain further traction on Wednesday.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Swiss Franc (CHF)
Key news events today
No major news events.
What can we expect from CHF today?
The ‘soft’ CPI print out of America sapped demand for the greenback during Tuesday’s U.S. session, causing USD/CHF to fall 0.8%. This currency pair reversed off its highs at 0.8457 to dip under 0.8400 overnight – it was drifting toward 0.8350 as Asian markets came online on Wednesday.
Central Bank Notes:
Next 24 Hours Bias
Weak Bearish
The Pound (GBP)
Key news events today
No major news events.
What can we expect from GBP today?
Tuesday’s Labour Force report showed mixed figures as the claimant count change registered just 5.2k versus market forecasts of 22.3k claims in April, while the previous month’s figures were revised lower from 18.7k to -16.9k. Meanwhile, the unemployment rate was revised higher from 5.6% to 5.7% in March – April’s result eased to 5.5%, but it was still noticeably higher than the estimate of 5.2%. Wage growth remains robust despite this rise in joblessness. However, Cable rebounded over 1% on Tuesday as dollar weakness saw this currency pair rally from 1.3160 to an overnight high of 1.3316.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Canadian Dollar (CAD)
Key news events today
No major news events.
What can we expect from CAD today?
After depreciating nearly 2% since last Wednesday, the Loonie strengthened on Tuesday as the demand outlook for crude oil improved. The gains in the Loonie caused USD/CAD to reverse off Tuesday’s highs at 1.4016 and tumble under 1.3950. The EIA crude oil inventory data could inject higher volatility for USD/CAD during the U.S. session later today – this currency pair was hovering around 1.3930 at the beginning of today’s Asia session.
Central Bank Notes:
Next 24 Hours Bias
Weak Bearish
Oil
Key news events today
EIA Crude Oil Inventories (2:30 pm GMT)
What can we expect from Oil today?
Despite a surprise build of 4.3M barrels of crude in the API stockpiles, oil prices rose sharply on Tuesday with WTI oil rallying 2.8% overnight, coming within a whisker of the $64 mark. Following a relatively large draw of 4.5M barrels in the previous week, the latest API report was expected to show another week of drawdown with 2.4M barrels being removed from storage. The EIA inventories are anticipated to register a third successive week of drawdowns later today, a result that could provide further tailwinds for oil prices, especially when coupled with the reduced risk of global trade disruption, has improved the demand outlook.
Next 24 Hours Bias
Medium Bullish
The post IC Markets Europe Fundamental Forecast | 14 May 2025 first appeared on IC Markets | Official Blog.
416484 May 14, 2025 11:14 ICMarkets Market News
Stocks Mixed After Weaker CPI Data – Nasdaq up 1.61%
US stocks experienced a mixed day in trading yesterday as CPI data came in weaker than expected. The Dow dropped lower over the course of the day, losing 0.64%, but talk of an investment deal with Saudi Arabia helped bolster tech stocks, helping the S&P to gain 0.72% and the Nasdaq 1.61%. The dollar fell against most of the majors after the data, the DXY losing 0.77% to 100.97, whilst yields edged lower—the 2-year down 1 basis point to 4.000% and the 10-year off 0.6 of a basis point to 4.465%. Oil prices continued to surge on trade news, Brent gaining 2.34% to move up to $66.48 and WTI up 2.78% to $63.67. Gold prices recovered some of the previous day’s losses, up 0.45% on the day to close at $3,247.56 an ounce.
Gold in Focus as Trade Sentiment Turns
Investors are now starting to reevaluate their gold positions in light of the recent trade updates that indicate a full global trade war will probably be averted, and deals will be done on a jurisdiction-by-jurisdiction basis with the US. Gold has risen just shy of 38% since a low just after President Trump was elected, and despite recent pullbacks, still sits at relatively elevated levels. Much of the push higher has come from a ‘flight to safety’ for funds as the new US administration looked to implement sweeping trade reforms. But now, as some clarity—and only some—creeps back into the market, traders are trying to assess how much of recent trade tensions had been priced into the market and therefore how much of a retrace we might see in the world’s favourite precious metal. We are now sitting around 7% off the all-time high, but many traders are now thinking that if the world trade situation stabilises more in the coming days and weeks, we could see further downside for gold. Short-term support now sits around recent lows at $3,200, with stronger support on the daily trendline level of $3,100.
Traders Focus Back to Geopolitics on Quiet Calendar Day
Geopolitical updates are due to once again influence markets today, with little on the macroeconomic calendar to distract traders. The Asian market is likely to open on the front foot today after a good day on Wall Street and trade optimism still prevalent in the market. There will be an early focus on Australian markets, with the Wage Price Index out this morning (exp +0.8% q/q) ahead of tomorrow’s key employment numbers; however, the impact will be localised as the region looks at the bigger trade picture. We do have some updates from central bankers over the course of the latter two sessions today, including Buba President Joachim Nagel and Fed members Waller and Jefferson, as well as the weekly US Crude Oil Inventory data, but again, investors are expecting trade updates to have the greater impact.
The post General Market Analysis – 14/05/25 first appeared on IC Markets | Official Blog.
416482 May 14, 2025 11:00 ICMarkets Market News
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a bearish continuation toward the 1st support.
Pivot: 101.91
Supporting reasons: Identified as an overlap resistance that aligns close to the 61.8% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 100.27
Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, indicating a potential area where the price could stabilize once again.
1st resistance: 103.19
Supporting reasons: Identified as a pullback resistance that aligns with the 78.6% Fibonacci retracement, indicating a potential level that could cap further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a bullish continuation toward the 1st resistance.
Pivot: 1.1071
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 1.0927
Supporting reasons: Identified as an overlap support that aligns close to the 78.6% Fibonacci retracement, indicating a potential area where the price could stabilize once more.
1st resistance: 1.1265
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 163.81
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 162.90
Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, indicating a potential area where the price could stabilize once again.
1st resistance: 165.03
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could rise toward the pivot and potentially make a bearish reversal off this level to fall toward the 1st support.
Pivot: 0.8461
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 0.8374
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could stabilize once more.
1st resistance: 0.8556
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reversal off the pivot and fall toward the 1st support.
Pivot: 1.3339
Supporting reasons: Identified as a pullback resistance that aligns close to the 78.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 1.3207
Supporting reasons: Identified as a pullback support, acting as a potential level where the price could stabilize once again.
1st resistance: 1.3442
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 193.59
Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 191.71
Supporting reasons: Identified as a pullback support that aligns with the 78.6% Fibonacci retracement, indicating a potential level where the price could stabilize once more.
1st resistance: 196.27
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 0.8315
Supporting reasons: Identified as a pullback support that aligns close to the 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 0.8213
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.
1st resistance: 0.8519
Supporting reasons: Identified as a pullback resistance that aligns close to the 61.8% Fibonacci retracement, indicating a potential level that could cap further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 145.92
Supporting reasons: Identified as a pullback support that aligns close to the 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 143.88
Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once more.
1st resistance: 149.02
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 1.3894
Supporting reasons: Identified as an overlap support that aligns close to a 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a minor rebound.
1st support: 1.3761
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.
1st resistance: 1.4004
Supporting reasons: Identified as a multi-swing-high resistance that aligns close to a 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Neutral
Price could rise toward the pivot and potentially make a bearish reversal off this level to pull back toward the 1st support.
Pivot: 0.6502
Supporting reasons: Identified as a swing-high resistance that aligns close to a 127.2% Fibonacci extension, indicating a potential area where selling pressures could intensify.
1st support: 0.6340
Supporting reasons: Identified as an overlap support that aligns close to a 23.6% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.
1st resistance: 0.6678
Supporting reasons: Identified as a swing-high resistance that aligns close to a 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 0.5932
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 0.5828
Supporting reasons: Identified as a pullback support that aligns close to a 38.2% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.
1st resistance: 0.6019
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could rise toward the pivot and potentially make a bearish reversal off this level to pull back toward the 1st support.
Pivot: 42,740.30
Supporting reasons: Identified as a swing-high resistance that aligns close to a 161.8% Fibonacci extension, indicating a potential area where selling pressures could intensify.
1st support: 41,543.70
Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once again. The presence of the green Ichimoku Cloud adds further significance to the strength of the bullish momentum.
1st resistance: 43,923.60
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 23,474.80
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend. The presence of the green Ichimoku Cloud adds further significance to the strength of the bullish momentum.
1st support: 22,533.30
Supporting reasons: Identified as a pullback support that aligns close to a 23.6% Fibonacci retracement, indicating a key level where the price could stabilize once more.
1st resistance: 24,741.85
Supporting reasons: Identified as a resistance that aligns with a 127.2% Fibonacci extension, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 5,778.60
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to resume the uptrend. The presence of the green Ichimoku Cloud adds further significance to the strength of the bullish momentum.
1st support: 5,586.50
Supporting reasons: Identified as a multi-swing-low support that aligns with a 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once again.
1st resistance: 5,974.80
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 99,293.10
Supporting reasons: Identified as a pullback support that aligns close to a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend. The presence of the green Ichimoku Cloud adds further significance to the strength of the bullish momentum.
1st support: 93,115.91
Supporting reasons: Identified as a multi-swing-low support that aligns close to a 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once more.
1st resistance: 105,599.75
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 2,569.20
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to resume the uptrend. The presence of the green Ichimoku Cloud adds further significance to the strength of the bullish momentum.
1st support: 2,304.82
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.
1st resistance: 2,830.65
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 61.40
Supporting reasons: Identified as a multi-swing-low support that aligns close to a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 59.48
Supporting reasons: Identified as a pullback support that aligns with a 50% Fibonacci retracement, indicating a key level where the price could stabilize once more.
1st resistance: 64.55
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could rise toward the pivot and potentially make a bearish reversal off this level to fall toward the 1st support.
Pivot: 3273.06
Supporting reasons: Identified as a pullback resistance that aligns with the 23.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 3167.72
Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, acting as a potential level where price could stabilize once again.
1st resistance: 3357.74
Supporting reasons: Identified as a pullback resistance that aligns close to the 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
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The post Wednesday 14th May 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.
416481 May 14, 2025 11:00 ICMarkets Market News
IC Markets Asia Fundamental Forecast | 14 May 2025
What happened in the U.S. session?
Annual consumer price growth in the U.S. cooled as headline CPI eased slightly from 2.4% in the previous month to 2.3% in April – undershooting the forecast of 2.4% – while the core reading remained unchanged at 2.8%, which is a four-year low. Energy costs declined at an annual rate of 3.7% as prices for gasoline and fuel oil decreased at a faster pace. Furthermore, inflation for food and transportation slowed while the shelter component steadied. This latest CPI result triggered a sharp sell-off in the greenback as the dollar index (DXY) dived over 1% on Tuesday, tumbling under the 101 mark by the end of this session.
What does it mean for the Asia Session?
After declining in the second half of last year, Australia’s wage price index is anticipated to grow in the first quarter of 2025. A stronger-than-expected result could push back the Reserve Bank of Australia’s (RBA) plans for a potential rate cut at the upcoming board meeting next week, which would likely boost the Aussie during this session.
The Dollar Index (DXY)
Key news events today
Fed Governor Waller’s Speech (9:15 am GMT)
Fed Governor Jefferson’s Speech (1:10 pm GMT)
What can we expect from DXY today?
Federal Reserve Governor Christopher Waller is due to speak at the Award Ceremony for the Winners of the 2nd Edition of the Bank Al-Maghrib Prize for Economic and Financial Research in Morocco, where audience questions are expected. Later on, Fed Governor Philip Jefferson will be speaking about the economic outlook at a virtual event hosted by the Second District Advisory Council. Following the recent announcement of the trade deal between the U.S. and China along with Tuesday’s ‘soft’ U.S. inflation print, markets will be probing these Fed governors for further insights on the outlook for future monetary policy action.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
Gold (XAU)
Key news events today
Fed Governor Waller’s Speech (9:15 am GMT)
Fed Governor Jefferson’s Speech (1:10 pm GMT)
What can we expect from Gold today?
Federal Reserve Governor Christopher Waller is due to speak at the Award Ceremony for the Winners of the 2nd Edition of the Bank Al-Maghrib Prize for Economic and Financial Research in Morocco, where audience questions are expected. Later on, Fed Governor Philip Jefferson will be speaking about the economic outlook at a virtual event hosted by the Second District Advisory Council. Following the recent announcement of the trade deal between the U.S. and China along with Tuesday’s ‘soft’ U.S. inflation print, markets will be probing these Fed governors for further insights on the outlook for future monetary policy action. After tumbling over 6% since last Wednesday, gold found its footing on Tuesday as spot prices stabilised around $3,240/oz.
Next 24 Hours Bias
Weak Bullish
The Australian Dollar (AUD)
Key news events today
Wage Price Index (1:30 am GMT)
What can we expect from AUD today?
After declining in the second half of last year, Australia’s wage price index is anticipated to grow in the first quarter of 2025. A stronger-than-expected result could push back the Reserve Bank of Australia’s (RBA) plans for a potential rate cut at the upcoming board meeting next week, which would likely boost the Aussie during the Asian trading hours.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Kiwi Dollar (NZD)
Key news events today
No major news events.
What can we expect from NZD today?
The Kiwi surged 1.6% on the back of ‘cooling’ U.S. consumer inflation on Tuesday. This currency pair broke through the 0.5900 mark with ease and was seen rising steadily toward 0.5950 as Asian markets came online.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Japanese Yen (JPY)
Key news events today
No major news events.
What can we expect from JPY today?
With inflationary pressures ‘cooling’ in the U.S., demand for the greenback waned causing USD/JPY to retreat 0.7% on Tuesday. This currency pair fell from a high of 148.45 and slid under 147.50 – it continued drifting lower toward the 147 mark at the beginning of Wednesday’s Asia session.
Central Bank Notes:
Next 24 Hours Bias
Weak Bearish
The Euro (EUR)
Key news events today
No major news events.
What can we expect from EUR today?
Tuesday’s significant improvement in the ZEW economic sentiment for both the Euro Area and Germany provided a strong lift for the Euro, while the ‘soft’ CPI result out of the U.S. provided additional tailwinds. This currency pair jumped 1% overnight, and the upward momentum is likely to gain further traction on Wednesday.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Swiss Franc (CHF)
Key news events today
No major news events.
What can we expect from CHF today?
The ‘soft’ CPI print out of America sapped demand for the greenback during Tuesday’s U.S. session, causing USD/CHF to fall 0.8%. This currency pair reversed off its highs at 0.8457 to dip under 0.8400 overnight – it was drifting toward 0.8350 as Asian markets came online on Wednesday.
Central Bank Notes:
Next 24 Hours Bias
Weak Bearish
The Pound (GBP)
Key news events today
No major news events.
What can we expect from GBP today?
Tuesday’s Labour Force report showed mixed figures as the claimant count change registered just 5.2k versus market forecasts of 22.3k claims in April, while the previous month’s figures were revised lower from 18.7k to -16.9k. Meanwhile, the unemployment rate was revised higher from 5.6% to 5.7% in March – April’s result eased to 5.5%, but it was still noticeably higher than the estimate of 5.2%. Wage growth remains robust despite this rise in joblessness. However, Cable rebounded over 1% on Tuesday as dollar weakness saw this currency pair rally from 1.3160 to an overnight high of 1.3316.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Canadian Dollar (CAD)
Key news events today
No major news events.
What can we expect from CAD today?
After depreciating nearly 2% since last Wednesday, the Loonie strengthened on Tuesday as the demand outlook for crude oil improved. The gains in the Loonie caused USD/CAD to reverse off Tuesday’s highs at 1.4016 and tumble under 1.3950. The EIA crude oil inventory data could inject higher volatility for USD/CAD during the U.S. session later today – this currency pair was hovering around 1.3930 at the beginning of today’s Asia session.
Central Bank Notes:
Next 24 Hours Bias
Weak Bearish
Oil
Key news events today
EIA Crude Oil Inventories (2:30 pm GMT)
What can we expect from Oil today?
Despite a surprise build of 4.3M barrels of crude in the API stockpiles, oil prices rose sharply on Tuesday with WTI oil rallying 2.8% overnight, coming within a whisker of the $64 mark. Following a relatively large draw of 4.5M barrels in the previous week, the latest API report was expected to show another week of drawdown with 2.4M barrels being removed from storage. The EIA inventories are anticipated to register a third successive week of drawdowns later today, a result that could provide further tailwinds for oil prices, especially when coupled with the reduced risk of global trade disruption, has improved the demand outlook.
Next 24 Hours Bias
Medium Bullish
The post IC Markets Asia Fundamental Forecast | 14 May 2025 first appeared on IC Markets | Official Blog.
416440 May 13, 2025 18:00 ICMarkets Market News
1
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Ex-Dividends | ||
---|---|---|---|
2
|
14/05/2025 | ||
3
|
Indices | Name |
Index Adjustment Points
|
4
|
Australia 200 CFD
|
AUS200 | – |
5
|
IBEX-35 Index | ES35 | – |
6
|
France 40 CFD | F40 | – |
7
|
Hong Kong 50 CFD
|
HK50 | 8.91 |
8
|
Italy 40 CFD | IT40 | – |
9
|
Japan 225 CFD
|
JP225 | – |
10
|
EU Stocks 50 CFD
|
STOXX50 | 3.45 |
11
|
UK 100 CFD | UK100 | – |
12
|
US SP 500 CFD
|
US500 | 0.27 |
13
|
Wall Street CFD
|
US30 | – |
14
|
US Tech 100 CFD
|
USTEC | 0.23 |
15
|
FTSE CHINA 50
|
CHINA50 | – |
16
|
Canada 60 CFD
|
CA60 | – |
17
|
Germany Tech 40 CFD
|
TecDE30 | – |
18
|
Germany Mid 50 CFD
|
MidDE50 | – |
19
|
Netherlands 25 CFD
|
NETH25 | 0.13 |
20
|
Switzerland 20 CFD
|
SWI20 | – |
21
|
Hong Kong China H-shares CFD
|
CHINAH | – |
22
|
Norway 25 CFD
|
NOR25 | – |
23
|
South Africa 40 CFD
|
SA40 | 54.28 |
24
|
Sweden 30 CFD
|
SE30 | 0.94 |
25
|
US 2000 CFD | US2000 | 0.09 |
The post Ex-Dividend 14/5/2025 first appeared on IC Markets | Official Blog.