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In our blog
Newsquawk Week Ahead: 26th-30th May 2025
ETHUSD – Ethereum 4h
Ethereum is in a similar position as Bitcoin when it comes to intraday situation.
However, there is one significant difference – Ethereum has Double top above it….
It is at 2735.00
Supports: 2540.00, 2450.00 & 2395.00
Resistances: 2575.00, 2735.00 & 2855.00
As long as above 2395.00 ETH has a chance breaking above that double top and reaching levels around 3.000
BTCUSD 4h
Supports: 108.550, 107.985 & 106.980
Resistances: 109.545, 110.850 & 112.025
BTC is trying up right now, and as long as it stays above 108.550 it will push higher today.
I would like to see it to reach around 110K, test supports once more ( and if they hold) and then run for the new High….
If so, it should happen before Monday….
Dollar, stocks fall as Trump targets Europe and Apple in tariff threats
Key points:
·        Trump labels the EU ‘difficult to deal with’
·        Dollar down, has weekly loss
·        Gold, yen and government bonds gain on safe haven demand
·        Apple shares knocked by direct new tariff threat
Major stock indexes and the dollar eased on Friday after U.S. President Donald Trump unleashed his latest trade threats, recommending 50% tariffs on European Union imports from June 1 and considering a 25% tariff on any Apple iPhones made outside the U.S.
Shares of Apple AAPL ended 3% lower, while the three major U.S. stock indexes finished weaker but off session lows. European shares also ended lower.
The dollar index DXY, which measures the greenback against a basket of currencies, hit a three-week trough. For the week, the dollar was down 1.9%, on track for its biggest weekly percentage decline since early April.
The dollar sank 1% versus the Japanese yen USDJPY, while the euro EURUSD rose 0.8% against the dollar.
Government bonds in the United States and Europe climbed on safe-haven buying after sustaining heavy pressure this week from rising concerns about Trump’s tax cuts and the White House’s ballooning debt pile.
The Dow Jones Industrial Average DJI fell 256.02 points, or 0.61%, to 41,603.07. The S&P 500 SPX dropped 39.19 points, or 0.67%, to 5,802.82 and the Nasdaq Composite IXIC slipped 188.53 points, or 1.00%, to 18,737.21.
All three major U.S. stock indexes had fallen more than 1% early in the day.
For the week, the Dow lost 2.47%, the S&P 500 fell 2.61%, and the Nasdaq shed 2.48%.
The 30-year U.S. bond yield (US30YT=RR), which on Thursday hit the highest since October 2023, fell in response to fresh tariff fears.
The yield was down 2.2 basis points at 5.042%. The yield on benchmark U.S. 10-year notes US10Y fell 3.6 basis points to 4.517%.
Gold, which has surged in recent months as economic anxiety has risen, was higher. Spot gold GOLD rose 2.14% to $3,364.74 an ounce.
Brent crude futures BRN1! settled at $64.78 a barrel, up 34 cents, or 0.54%. U.S. West Texas Intermediate crude futures CL1! finished at $61.53, up 33 cents, or 0.54%.
XAUUSD – Gold Chart
Newsquawk Week Ahead: 26th-30th May 2025
Trump Threatens EU With 50% Tariffs, Takes Aim at Apple; Dow Drops
President Trump launched new broadsides in his tariff campaign, threatening to impose a 50% rate on the European Union within days, and warning Apple that foreign-made iPhones could face significant levies.
The fresh threats are aimed at core pillars of global commerce: one of the world’s most valuable companies and one of the U.S.’s biggest trading partners. The initial market response reflected revived fears that tariff policy could knock economic growth.
U.S. and European stocks fell. Investors sought shelter in government bonds and haven currencies such as the Swiss franc and Japanese yen, weighing on the dollar. Gold prices rallied.
G-7 finance and central bank chiefs issued a vague statement Thursday that made no mention of levies, and only one mention of “trade,” after a summit that featured both Treasury Secretary Scott Bessent and EU representation.
Friday’s drop in Treasury yields pared a recent runup that had been fueled by anxiety over the U.S. fiscal outlook. Trump’s tax-and-spending bill, which helped stoke those concerns, is now headed for the Senate.
In recent trading:
Major indexes declined as much as 1%.
Apple stock dropped about 2.2%.
Treasury yields declined. Benchmark 10-year yields drifted toward 4.5%; their 30-year equivalents hovered about 5%.
Gold futures jumped more than 1.5%.
Coming up:
Federal Reserve governor Lisa Cook is due to speak at noon.
Monday is Memorial Day; stock and bond markets will be closed.
Dow Jones – US 30 Chart
Ethereum Leads Altcoin Rally with Solana and Dogecoin – Best Crypto to Buy Now
SOLUSD+0.95% DOGEUSD−3.67%
Bitcoin broke all previous records over the past 24 hours, hitting a new all-time high of $111K.
This is particularly remarkable if we remember that $BTC was still languishing around $75K in early April. This marks a 50% increase in under two months.
$BTC’s newfound momentum seems to have rubbed off on other top cryptos as well, including Ethereum, Dogecoin, and Solana:
·        $ETH is already up 45% in May, currently trading at around $2,570.
·        $SOL is trading at around $177 after a +20% bump this month.
·        $DOGE isn’t far behind, with gains of over 30%; the coin is now trading at $0.2328.
Christmas came early in May, with a sharp crypto reversal and no signs of stopping anytime soon. Ethereum, not Bitcoin, is at the forefront of this crypto rally, though. $ETH’s daily gains have beaten $BTC’s recently.
The number of active daily users on Ethereum DEX has also jumped to 64,000, the highest in three months.
What’s more, $ETH’s current DEX volumes of around $15B suggest increasing market participation in the coming months.
ETHUSD Chart
Bessent echoing a hardline stance vs EU… How will EU respond? .EURUSD dips
What’s Hot and What’s Not?
What’s Hot?
All currencies vs. USD,,, JPY up on safe haven flows, GBPUSD at a 3 year high above 1.35
GOLD up on safe haven flows
US bonds (yields lower)
Trump hot on social media with tariff threats vs EU and Apple
What’s Not?
USD down across-the-board
Stocks slammed on Trump tariff threats
BITCOIN down after attempt at 112000 failed.
What’s HOT/NOT/
EURO up vs. USD but down on various crosses on Trump tariff threat
GBPUSD
May 22, 2025 at 7:24 pm
Pattern wise – Close tonight above 1.34150 would call for another run Up tomorrow, so Bullish.
Cable closed/opened at 1.34170 ish – so ideal
And it resulted in almost 100 pips of profit – that is if you are listening what I am saying here…
Now with the new daily high, it is clear that we are in for 1.37 levels….but when?
It all depends on daily close and another fact – Monday is a Holiday in UK & USA….so some consolidation might occur.
So sit back and enjoy – more is to come in time .
SocGen’s Overnight Economic News Summary
Societe Genereale in its early Friday economic news summary pointed out:
— Foreign exchange and bonds quiet, United States Treasury yields steady after “solid” 10-year TIPS auction, tax bill moves from House to Senate. Federal Reserve pricing for September below -20bps after the upside surprise for PMIs. U.S. and United Kingdom markets closed on Monday, month-end next week.
— The U.S. pushing the European Union to make unilateral tariff reductions on U.S. goods, without concessions could face additional 20% reciprocal tariffs (FT). EU explanatory note for talks falls short of U.S. expectations.
— G7 finance ministers and central bank governors’ communiqué: global economic policy uncertainty has declined from its peak and will work together to achieve further progress. Pledges to support Ukraine and developing economies in general.
— Japan’s consumer price index steady at 3.6% year over year in April. Core CPI above forecast 3.5%, super core 3.0%. Rice prices +98.4%, the most on record. Energy prices + 9.3% on the phase-out of government subsidies.
— Day ahead: Eurozone negotiated wages, European Central Bank speaker Lane. Fed speakers Musalem, Schmid and Cook.
— Nikkei +0.3%, EUR 10-year IRS -2bps at 2.58%, Brent crude -0.7% at $64.0/barrel, Gold +0.7% at $3,325/oz.
Nikkei 225 Chart
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