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Key events and releases for the week from May 12 to May 16

Key events and releases for the week from May 12 to May 16

May 9, 2025 9:07 pm |

The key events releases for next week include US CPI and PPI data, US retail sales: Australian employment data and UK GDP:

Tuesday, May 13

  • GBP: Claimant Count Change (Forecast: 22.3K; Prev: 18.7K)

  • USD: Core CPI m/m (Forecast: 0.3%; Prev: 0.1%)

  • USD: CPI m/m (Forecast: 0.3%; Prev: -0.1%)

  • USD: CPI y/y (Forecast: 2.4%; Prev: 2.4%)

  • GBP: BOE Gov Bailey Speaks

  • AUD: Wage Price Index q/q (Forecast: 0.8%; Prev: 0.7%)

Wednesday, May 14

  • AUD: Employment Change (Forecast: 20.9K; Prev: 32.2K)

  • AUD: Unemployment Rate (Forecast: 4.1%; Prev: 4.1%)

Thursday, May 15

  • GBP: GDP m/m (Forecast: 0.0%; Prev: 0.5%)

  • USD: Core PPI m/m (Forecast: 0.3%; Prev: -0.1%)

  • USD: Core Retail Sales m/m (Forecast: 0.3%; Prev: 0.5%)

  • USD: PPI m/m (Forecast: 0.2%; Prev: -0.4%)

  • USD: Retail Sales m/m (Forecast: 0.0%; Prev: 1.4%)

  • USD: Unemployment Claims (Forecast: 229K; Prev: 228K)

  • USD: Fed Chair Powell Speaks

Friday, May 16

  • USD: Preliminary UoM Consumer Sentiment (Forecast: 53.1; Prev: 52.2)

  • USD: Preliminary UoM Inflation Expectations (Prev: 6.5%)

This article was written by Greg Michalowski at www.forexlive.com.

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US major indices close mixed for the day, and down modestly for the week

US major indices close mixed for the day, and down modestly for the week

May 9, 2025 8:46 pm |

The major indices closed mixed of the day and modestly lower for the week.

A snapshot of the closing levels it shows:

  • Dow industrial average fell -119.07 points or -0.29% at 41249.38.
  • S&P index fell -4.03 points or -0.07% at 5659.91.
  • NASDAQ index rose 0.78 points or 0.0% at 17928 .92.
  • Russell 2000 fell-3.34 points or -0.16% at 2023.07

For the trading week:

  • Dow industrial average -0.16%
  • S&P -0.47%
  • NASDAQ index -0.27%
  • Russell 2000+0.11%

This article was written by Greg Michalowski at www.forexlive.com.

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AUDUSD holds support but faces key moving average resistance

AUDUSD holds support but faces key moving average resistance

May 9, 2025 7:29 pm |

Earlier this week, AUDUSD broke above a key swing area and the upper boundary of a consolidation range dating back to April 15, moving as high as 0.65135. The bullish breakout included a move above the 200-day moving average at 0.64587, signaling strong buying interest.

However, momentum faded. Following the Fed rate decision on Wednesday, the pair fell back below the 200-day MA, and on Thursday, a corrective rally stalled right at that key MA level as sellers leaned in and stalled the upside.

In today’s Asian session, buyers stepped in at a rising trendline support, helping to lift the pair back above the 100-bar moving average on the 4-hour chart. But gains were capped once again near the 200-hour MA at 0.64291.

Looking ahead, AUDUSD faces a cluster of resistance:

  • 200-hour MA: 0.64291

  • 100-hour MA: 0.64459

  • 200-day MA: 0.64588

  • Swing area (red box): 0.6429–0.6442

Despite recent pullbacks, the pair remains closer to the highs for the year. Holding above the trendline and 4-hour 100-bar MA is constructive, but buyers need to reclaim and sustain a move above the 200-day MA to regain full control and build bullish confidence.

This article was written by Greg Michalowski at www.forexlive.com.

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Iran prepares to send Russia launchers for short range ballistic missiles

Iran prepares to send Russia launchers for short range ballistic missiles

May 9, 2025 8:53 pm |

According to Reuters,:

  • Iran is preparing to send Russia launchers for short range ballistic missiles.

That is a negative for two reasons. For one, the US is trying to put a governor on Iran and have them get more in line. The second isssue is the US and Trump administration is getting increasingly frustrated with Russia’s behavior with regard to promises made and broken in Ukraine.

So two bad actors are potentially acting up.

This article was written by Greg Michalowski at www.forexlive.com.

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Silver Price Forecast & Predictions for 2025, 2026, 2027–2030 and Beyond

Silver Price Forecast & Predictions for 2025, 2026, 2027–2030 and Beyond

May 9, 2025 8:38 pm |

First and foremost, silver is a tangible commodity recognized for its intrinsic value. Therefore, a key characteristic of this metal is that its price cannot reach zero. Silver is valued for its malleability and ductility. It is harder than gold and softer than copper. This white metal is an excellent conductor of both electricity and heat, making it a highly versatile component in a range of applications. Furthermore, silver does not oxidize, which distinguishes it from other metals and makes it a highly sought-after commodity in a variety of industries. Silver is an effective means of safeguarding capital against inflation. What… Read full author’s opinion and review in blog of #LiteFinance

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Credit Agricole: Here is why we maintain an above-consensus USD outlook

Credit Agricole: Here is why we maintain an above-consensus USD outlook

May 9, 2025 7:31 pm |

Credit Agricole maintains an above-consensus medium-term bullish outlook on the USD, expecting a recovery in H2 2025 and 2026 driven by supportive fiscal policy, easing financial conditions, and sticky inflation. While some investors argue structural headwinds could undermine the dollar, the bank sees these risks as overstated.

Key Points:

  • Near-Term Recovery Drivers: Credit Agricole sees a likely US growth rebound in late 2025 and 2026 due to:

    1. Extension of personal income tax cuts

    2. Easing trade tensions

    3. Looser financial conditions

  • Fed Outlook: Persistent inflation could limit the scope of rate cuts, supporting USD carry appeal.

  • Skepticism on De-Dollarization: While some investors cite Trump’s weak dollar bias and the risk of a “Mar-a-Lago accord” as threats, Credit Agricole sees no credible alternative to the USD as a reserve currency.

  • US Policy Messaging: Treasury Secretary Bessent has emphasized a strong USD, and Trump has backed off attacks on Fed independence, both viewed as stabilizing signals.

Conclusion:

Despite ongoing debate around structural risks to the dollar, Credit Agricole sees fundamental strength and policy dynamics as supportive. The USD’s reserve status and yield advantage remain intact, reinforcing the bank’s above-consensus bullish stance for the medium term.

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This article was written by Adam Button at www.forexlive.com.

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Trump weighs proposing a special status compact for Greenland

Trump weighs proposing a special status compact for Greenland

May 9, 2025 7:14 pm |

Polls have shown that Greenlanders are dead-against joining the USA but the Trump administration is looking to find another way to pull the island closer, according to a Reuters report.

While the precise details of COFA agreements – which have only ever been extended to the small island nations of Micronesia, the Marshall Islands and Palau – vary depending on the signatory, the U.S. government typically provides many essential services, from mail delivery to emergency management to military protection. In exchange, the U.S. military operates freely in COFA countries and trade with the U.S. is largely duty-free.

The report said Greenland would need to separate from Denmark for the plan to succeed.

This article was written by Adam Button at www.forexlive.com.

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