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Friday, May 16, 2025

American Market Recap: US stock markets climb for the fifth day in a row

US stock markets climb for the fifth day in a row

SPX daily The S&P 500 started off the week on a positive note as US-China tariffs were slashed. The buying never really stopped as the index climbed every day this week. Friday's changes: S&P... 

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The US and EU have exchanged negotiating documents on trade

The FT reports that the US and EU have begun trade talks after recently exchanging negotiating documents that touch on tariffs, digital trade and investment. The report says USTR Greer threatened the... 

It's a holiday in Canada on Monday but some notable economic data later in the week

Monday (May 19) Markets closed for Victoria Day – nothing scheduled. Tuesday (May 20) – CPI day GoC bill auctions : 3-mth C$17.6 bln, 6-mth C$6.2 bln, 1-yr C$6.2 bln. 08:30 ET – April CPI (consensus)... 

S&P 500 extends gains to 0.6% to push weekly gain above 5%

The big week for stock markets on the US-China climb-down is continuing late on Friday. The S&P 500 has edged to a fresh session high up 33 points, or 0.6%. Trading has been lighter late in the we... 

What's on the US economic calendar for the week of May 19-23

It's a light week on the economic calendar with the S&P PMIs as the only real market movers. I expect more 'wait-and-see' from the Fed speakers. Aside from what's listed here, we will be waiting f... 

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Latest Forex Orders

FX option expiries for 16 May 10am New York cut

There are a couple to take note of on the day, as highlighted in bold . They are all for EUR/USD with a mega one in particular being at the 1.1200 level. That will be of much interest in keeping price... 

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