The economic calendar for the day is fairly light, with speeches by a few Federal Reserve officials and the Commerce Department’s new home sales report for April on tap.
Mamaearth’s parent saw a post-earnings surge as investors responded positively to topline growth and improved product mix. Analyst sees breakout potential but cautions against overbought signals and high valuations.
BNB shows momentum growth after breaking out from a Triangle IV pattern. The breakout above the triangle’s resistance line (E–D–C–B–A) signals a start of Wave (3), usually the strongest part of a trend.
Dan Wang, the China director at political risk consultancy Eurasia Group, reportedly said the talks are a positive sign, although they do not indicate a breakthrough in the ongoing trade negotiations.
The short-term Elliott Wave analysis for Ethereum (ETHUSD) indicates that a bullish cycle, initiated from the April 9, 2025 low, is unfolding as a five-wave impulse structure.
Hotter-than-expected core inflation supports a Bank of Japan interest rate hike in July. The BoJ is expected to deliver a 25 bp hike, and then stay put for a considerable time due to high uncertainty surrounding US tariffs.
Apple is reportedly preparing to launch AI-powered smart glasses by 2026 to rival Meta's Ray-Bans, while shelving plans for a camera-equipped smartwatch amid shifting focus toward wearable AI devices.
Top U.S. banks are contemplating a joint venture to issue a dollar-pegged stablecoin in an attempt to counter the increasing competition from the cryptocurrency sector, according to a report dated Thurday, May 22.
Benefiting from strong demand for their wireless and broadband services, AT&T and Verizon stock have provided a pleasant hedge against market volatility this year.
The report said that executive orders would direct the agencies to identify federal lands and facilities for nuclear deployment and streamline the processes of building them.
Market indexes broke the spell today about high bond yields, providing a headwind for equities. This doesn’t appear to have as much to do with the overall levels, but that they have moderated from yesterday’s spike and this morning’s heated levels.
President Trump has been at odds with Powell over the central bank’s decision not to lower the Fed funds futures rate despite the slowing inflationary pressure.
