Quick Overview of Key Economic Events and Market Movements: This week brings a series of impactful economic data releases,
Most notably, interest rate decisions and inflation figures from countries like China, Canada, and the UK.
Additionally, significant movements are expected in key indicators such as the Nasdaq and Bitcoin.
This brief highlights the most critical market developments from May 19 to May 23, 2025.

Content

Economic Calendar

Nasdaq

USDJPY

Nvidia

Bitcoin

EURUSD

Economic Calendar

Monday, May 19, 2025

05:00 – China – Industrial Production (YoY)
05:00 – China – Retail Sales (YoY)

Tuesday, May 20, 2025

07:30 – Australia – Reserve Bank of Australia Interest Rate Decision
07:30 – Australia – RBA Monetary Policy Statement
07:30 – Australia – RBA Interest Rate Statement
15:30 – Canada – Consumer Price Index (MoM)
15:30 – Canada – Core CPI (YoY)
15:30 – Canada – Trimmed CPI (YoY)

Wednesday, May 21, 2025

09:00 – UK – Consumer Price Index (YoY)

Thursday, May 22, 2025

11:30 – UK – Preliminary Manufacturing PMI
11:30 – UK – Preliminary Services PMI
15:30 – US – Weekly Jobless Claims
16:45 – US – Preliminary Manufacturing PMI
16:45 – US – Preliminary Services PMI

Friday, May 23, 2025

09:00 – UK – Retail Sales (MoM)
15:30 – Canada – Core Retail Sales (MoM)
15:30 – Canada – Retail Sales (MoM)

NASDAQ

The NASDAQ index saw substantial gains during last week’s trading,
Driven by optimism in the U.S. economy, a decline in recession fears,
growing confidence in growth prospects, and the release of positive economic data.
Most notably, inflation fell to 2.3%, nearing the Federal Reserve’s target of 2%.
The index reached 21,427, approaching the historical peak of 22,200,
particularly after fully absorbing the recent downward correction.

USDJPY

The USDJPY pair is trading around 145.62,
after declining at the end of last week due to the weakening of the U.S. dollar
amid increasing expectations that the Federal Reserve will cut interest rates,
especially following the latest drop in inflation.
This scenario puts downward pressure on the dollar against most currencies.
Technically, the pair has rebounded from the secondary resistance zone at 148.20,
supporting a continued decline toward the next support level at 140.00.

Nvidia

Nvidia stock has resumed its upward trend recently, climbing back to $135.
This was supported by announcements of new deals
in Saudi Arabia and the UAE and optimism following a trade truce with China,
which boosted the stock’s performance.
The upward movement is expected to continue toward $143, then the previous high at $150.

Bitcoin

Bitcoin has stabilized above $103,000, supported by increasing institutional adoption of cryptocurrencies,
along with market optimism about Bitcoin’s future targets.
The cryptocurrency has already closed above the $100,000 level,
strengthening the probability of continued upward movement toward the historical high of $109,299.
A bearish scenario would emerge if the price breaks the significant support at $100,000 and closes below it,
which may trigger a correction down to $88,500.

EURUSD

The EURUSD pair is trading around 1.1161, after starting a corrective downward trend
wave due to euro weakness and a partial recovery of the dollar’s strength.
The downward movement will continue toward the support zone at 1.0885,
especially after breaking below 1.1260 and closing under it, reinforcing the short-term bearish trend.

Quick Overview of Key Economic Events and Market Movements

Quick Overview of Key Economic Events and Market Movements

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