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Monday, May 19, 2025

European Markets Wrap-Up | The USD is not the only one having a rough day as Bitcoin erased all the weekend gains

The USD is not the only one having a rough day as Bitcoin erased all the weekend gains

There have been lots of people cheering for the Bitcoin rally over the weekend saying that events like the US credit rating downgrade are bullish for the cryptocurrency. Unfortunately for them, Bitcoi... 

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EURUSD is back at the key resistance but unlikely to break through today

It's been a rough day for the US Dollar so far. This is just the daily trend that was set earlier in the morning . The "good news" for the greenback is that we might have reached the peak in the beari... 

Kremlin: Putin, Trump to hold phone call at 17:00 Moscow time on Monday

Kremlin: Putin, Trump to hold phone call at 17:00 Moscow time on Monday. This is at 14:00 GMT or 10:00 ET. Trump will likely push for a ceasefire until they get a peace deal but the Russians don't see... 

Eurozone April final CPI +2.2% vs +2.2% y/y prelim

Prior +2.2% Core CPI +2.7% vs +2.7% y/y prelim Prior +2.5% No changes to the initial estimates. The market is pricing 91% chance of another 25 bps cut at the June ECB meeting and a total of 51 bps of... 

SNB total sight deposits w.e. 16 May CHF 443.18 bn vs CHF 453.24 bn prior

Domestic sight deposits CHF 434.8 bn vs CHF 444.8 bn prior The SNB publishes these figures weekly , and they can show whether the SNB is intervening in currency markets or adjusting liquidity. An incr... 

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Latest Forex Orders

FX option expiries for 19 May 10am New York cut

EUR/USD 1.1150 (EUR375mn) USD/JPY 145.00 (US$474mn) 145.55 (US$510mn) 146.50 (US$1.16bn) 147.00 (US$1.50bn) GBP/USD 1.3300 (GBP559mn) USD/CHF 0.8420 (CHF159mn) USD/CAD 1.3985 (US$587mn) 1.3675 (US$529... 

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