TradingKey

Tradingkey - Since the outbreak of the conflict in Iran, international crude oil prices have climbed rapidly. Over the past several months, U.S. economic data has consistently confirmed that inflationary pressures triggered by rising oil prices are spreading across the entire supply chain. Against this backdrop, the market moved early to price in Federal Reserve rate hike expectations, driving U.S. Treasury yields to continuous new periodic highs. However, a major turning point has emerged in the geopolitical landscape, with prospects for a peaceful resolution to the U.S.-Iran conflict. Consequently, WTI crude oil futures fell below the $90 per barrel psychological mark today for the first time since May 7. This shift has introduced uncertainty to the previously "certain" rate hike expectations that had broadly formed within the market.

Tradingkey — Since the outbreak of the conflict involving Iran, copper prices have seen their bottom support continue to firm. The core drivers stem from the convergence of three fundamental factors: the new energy transition, AI computing power expansion, and military demand. These, coupled with tight global copper mine supply and smelting bottlenecks, have collectively established strong support for copper prices. Market analysis suggests that keeping the Strait of Hormuz open will alleviate the pressure of high oil prices on market risk appetite, benefiting the recovery of global economic expectations and opening upside potential for copper prices. Meanwhile, falling energy costs and improved demand expectations are conducive to valuation recoveries for long-duration copper equity assets.

Tradingkey - The three major U.S. stock index futures recorded significant gains, with Dow Jones futures up 0.91% at 51,121, S&P 500 futures up 0.91% at 7,559, and Nasdaq 100 futures jumping 1.32% to 29,949. In his latest post on Truth Social, Donald Trump stated that he is using negotiations with Iran as leverage to demand that multiple countries in the Middle East and surrounding regions sign the Abraham Accords, in an attempt to forge an unprecedented Middle East grand alliance that includes Iran.

TradingKey - Renowned Wall Street investment bank JPMorgan (JPM) has issued its latest assessment, stating that the S&P 500 could breach the 9,000-point milestone within the next year.

TradingKey — According to a report by South Korean media outlet THE ELEC on Monday, Micron Technology (MU) is ramping up production capacity for its sixth-generation High Bandwidth Memory (HBM4) twice as fast as its 12-layer HBM3 products, with simultaneous yield improvements. Meanwhile, Micron has transitioned the manufacturing of base dies for its next-generation HBM4E to TSMC, with mass production planned for 2027. Market expectations for Micron have shifted from being "excluded from Nvidia's (NVDA) supply chain" three months ago to becoming a "key supplier" today. Market focus now centers on whether this reversal can propel Micron's stock price past $1,000.

TradingKey - On May 25 ET, Bitcoin (BTCUSD) fluctuated near $77,000, showing signs of stabilizing after two consecutive weeks of correction. Despite recent sustained outflows from Bitcoin ETFs, Bitcoin prices may be poised for a rally as macro risk appetite recovers.

TradingKey - Marvell Q1 FY2027: $1.41B revenue +18% YoY, Data Centre +42% to $678M. Custom ASIC wins at hyperscalers. MRVL at $195, Fib cluster below $198 resistance. RSI 65. Target $202.73.

TradingKey — With Elon Musk’s SpaceX set to launch its IPO in mid-June, the space economy theme is becoming the new favorite of global capital markets, with related exchange-traded funds (ETFs) experiencing explosive growth.

TradingKey - SanDisk SNDK at $1,467 in descending channel from $1,678 May highs. 50% Fib at $1,436 is critical support. RSI 51–64, neutral. Channel breakdown targets $1,370. Long recovery targets $1,546–1,600.

TradingKey - The labor dispute at Samsung Electronics may be nearing an end. As of Monday morning, voter turnout for Samsung's largest union has exceeded 86%. The voting is scheduled to close at 10:00 AM on Wednesday and follows a simple majority rule: the tentative agreement will be finalized if more than half of eligible voters participate and a majority approve. Given that approximately 80% of the union’s eligible voters are from the semiconductor division—the primary beneficiaries of the deal—the proposal is widely expected to pass.

TradingKey - International oil prices slumped on Monday after U.S. President Trump stated that U.S.-Iran negotiations are "essentially a done deal," with both Brent crude July futures and U.S. WTI crude futures falling more than 5%.

TradingKey - On May 23, Eastern Time, Donald Trump announced on social media that a U.S.-Iran agreement has been "essentially finalized" and the Strait of Hormuz will subsequently open. Although Iran quickly responded by calling Trump's claim "incomplete" and emphasizing that the strait would remain under Iran's full management even if a deal is reached, it also acknowledged that both sides are in the final stages of finalizing a memorandum.

TradingKey - On May 25, major Asia-Pacific markets were generally strong, with China’s A-shares and Japanese equities outperforming. The South Korean market was closed for the Buddha's Birthday holiday. Today's market activity focused on two main themes: first, positive signals from US-Iran negotiations eased investor concerns over energy prices and the escalation of geopolitical conflicts; second, technology growth sectors such as AI, semiconductors, and memory chips attracted significant capital inflows.

TradingKey - Dell Technologies (DELL) will report its first quarter fiscal year 2027 results after the U.S. market close on May 28. Investors should focus on whether demand for Dell's AI servers can continue to exceed expectations and if AI server profit margins can improve.

TradingKey - On May 21, Eastern Time, Eli Lilly announced the results of the pivotal Phase 3 clinical trial (TRIUMPH-1) for its next-generation weight-loss drug, Retatrutide. As the world's first "triple agonist" targeting GIP, GLP-1, and glucagon receptors, its efficacy data has comprehensively sur

TradingKey - During the Asian trading session on May 25, SoftBank Group closed up 4.63% at 7,070 yen, extending its strong momentum from last week. The stock rose 19.84% and 11.9% last Thursday and Friday, respectively, marking a cumulative three-day gain of approximately 40%.

TradingKey - Driven by major breaking geopolitical news, global asset classes underwent sharp repricing in pre-market trading today. U.S. President Trump revealed in his latest public remarks that a new comprehensive agreement between the United States and Iran has been "basically reached."

Macroeconomic Landscape: The macroeconomic landscape for the week of May 18-24, 2026, was primarily influenced by persistent geopolitical tensions and evUpcoming Events: The U.S. markets will be closed on Monday, May 25, for Memorial Day. Key economic data releases scheduled for next week include

TradingKey - During early Asian trading on May 25, the Nikkei 225 Index surpassed the 65,000 mark for the first time. The index rose 2.8%, consecutively breaking through the key price levels of 64,000 and 65,000 within the day, and reaching an intraday high of 65,170.

Tradingkey - The U.S. Bureau of Economic Analysis (BEA) will release the April PCE inflation report on May 28, Eastern Time. Since May, multiple economic indicators have confirmed that inflation remains elevated, leading the market to even begin betting that the Federal Reserve may pivot to rate hikes within the year. Consequently, U.S. Treasury yields have strengthened, with the 30-year Treasury yield surging to 5.2% on May 20, reaching its highest level since 2007. It should be noted that while the CPI is a major inflation indicator monitored by the market, the Federal Reserve pays closer attention to PCE inflation data. This has been its official inflation anchor since its formal establishment in 2012, with a long-term policy goal of stabilizing YoY PCE growth at 2%. In its actual decision-making, the Fed places particular weight on Core PCE—which excludes food and energy prices—believing it to be less volatile and a more accurate reflection of underlying inflation trends in the economy.