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News2025-05-16
China and the United States suddenly circulated new bans and officials' negotiat
On May 16, during the Asian session on Friday, the US dollar index hovered at 100.70, with mixed US economic data, and signs of economic weakness gradually emerged. Officials are struggling to negotiate as the United States considers more chip export restricti...

News2025-05-16
Forex practical strategies on May 16
US dollar index: The US dollar index rose below 101.15 on Thursday and the decline above 100.55 was supported, meaning that the US dollar may maintain a downward trend after a short-term rise. If the US dollar index rises below 101.15 today and encounters obst...

News2025-05-16
Gold's decline has not changed, so I can short it if I rebound!
From a fundamental perspective, on the one hand, Fed officials emphasized in a speech that there is no rush to cut interest rates. Market expectations for interest rate cuts have cooled to December. The strengthening of the US dollar index suppresses gold, and...

News2025-05-16
Gold is strong and deep V, and it continues to fall back in the early trading!
After gold hit the bottom yesterday, it reached the bottom of 3120 line, gold began to rise steadily all the way, with basically no correction. Then gold began to reversal in a deep V. The daily gold line closed at the bottom of the big positive line yesterday...

News2025-05-16
The yen appears to have a further appreciation trend under the hawkish Bank of J
On Thursday, the Japanese Yen (JPY) continued to maintain a positive bias against the US dollar (USD) for the third day and now appears to have prevented the previous day‘s pullback from its weekly high. Japan‘s wholesale inflation data released on Wednesday s...

News2025-05-16
Gold/USD threatens key $3155 support ahead of U.S. data and Powell's speech
Gold prices sought to continue their selling of more than 2% the day before Thursday morning. Yellow metals remain vulnerable near the monthly low below $3,200 due to awaiting high-impact U.S. producer price index (PPI) and retail sales data, and a speech by F...

News2025-05-16
Gold prices fell to more than a month low and appeared to be fragile around $3,1
Gold prices (gold/USD) fell for the second straight day in the Asian session on Thursday, marking a negative move on the third of the previous four days, falling to a low in more than a month, below the $3,150 level. Optimism has become a key factor in continu...

News2025-05-16
The USD/CAD is still below 1.4,000 convergence resistance ahead of US PPI and Fe
The USD/Canadian pair strives to capitalize on the previous day’s good rebound from the 1.3900 mark and attracts new sells during Thursday’s Asian session. However, spot prices lack bearish confidence and are currently trading in the 1.3865 area, down less tha...

News2025-05-16
USD/CHF trades around 0.8400 with a negative bias and seems to have limited down
The USD/CHF pair worked hard to capitalize on the previous day‘s moderate gains during Thursday‘s Asian session and encountered new supplies. The intraday decline was driven by some USD (USD) selling, causing spot prices to fall below 0.8400 in the last hour, ...

News2025-05-16
GBP/JPY remains under pressure below 194.00, maintaining bullish bias
In early Thursday, the GBP/JPY crossover suffered some selling pressure around 193.85. The yen (JPY) rose slightly in front of the pound (GBP) as markets expected the Bank of Japan (BoJ) to raise interest rates again. Investors will closely monitor preliminary...

News2025-05-16
5.16 Gold bulls have strongly pulled back and continue to be long, crude oil mar
The same market, different guidance, different life. The characteristic of novices is that they do not understand technology and enter the market blindly. They only consider one issue each time they trade: they think that as long as they predict the market‘s r...

News2025-05-16
Retail sales growth in the United States slowed down in April, with gold rebound
On May 16, in the early trading of Asian market on Friday, Beijing time, the US dollar index hovered around 100.63. On Thursday, the US dollar index fell and finally closed down 0.22% to 100.79 due to a slowdown in retail sales growth in April and an unexpecte...

News2025-05-16
Guide to short-term operation of major currencies
From a technical point of view, the US dollar index rose below 101.15 on Thursday and the decline above 100.55 was supported, meaning that the US dollar may maintain a downward trend after a short-term rise. If the US dollar index rises below 101.15 today and ...

News2025-05-16
The Fed's interest rate cut expectations have risen sharply, and the US dollar i
In Asian session on Friday, the US dollar index hovered above the 100 mark. This trading day will usher in the initial value of the University of Michigan Consumer Confidence Index in May, the monthly rate of the import price index in April, the initial value ...

News2025-05-16
Pound rises as UK GDP figures exceed expectations
The GBP attracted buys against its peers during the European trading session on Thursday, after releasing UK GDP data. The National Bureau of Statistics (ONS) reported that the economy grew at a strong rate of 0.7% between January and March, compared with an e...
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