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Pound Sterling extends gains against US Dollar as hit from US debt downgrade lingers
The Pound Sterling (GBP) rises to near 1.3380 against the US Dollar (USD) during European trading hours on Tuesday. The GBP/USD pair gains for a second consecutive day as the US Dollar continues to suffer due to a one-notch downgrade in the United States (US) sovereign credit by Moody’s Rating.
GBP/USD
Fxstreet
May 20, 2025
Coinbase Data Breach Escalates! U.S. DOJ Steps In as Investigation Intensifies
The U.S. Department of Justice (DOJ) has launched a criminal investigation into Coinbase’s data breach, potentially revealing more critical details.
Coinbase Global Inc
TradingKey
May 20, 2025
CoreWeave Surges Nearly 8%, Hits Another Post-IPO High
CoreWeave’s stock jumped 7.83% to $86, setting a new record since its IPO earlier this year.
TradingKey
May 20, 2025
PBOC cuts Loan Prime Rates in May, as expected
The People’s Bank of China (PBOC), China's central bank, announced a cut in its Loan Prime Rates (LPRs) on Tuesday. The one-year LPR was cut from 3.1% to 3.00%, while the five-year LPR was cut from 3.60% to 3.50%.
Fxstreet
May 20, 2025
Japan’s Kato hints at plans to speak with US Treasury Secretary Scott Bessent on FX this week
Japan’s Finance Minister Shunichi Kato said on Tuesday that he expects any talks with US Treasury Secretary Scott Bessent this week to be based on this understanding of foreign exchange.
Fxstreet
May 20, 2025
Australian Dollar remains subdued following PBoC’s Interest Rate Decision, RBA eyed
The Australian Dollar (AUD) dips against the US Dollar (USD) on Tuesday, following a gain of over 0.50% in the previous session. The AUD/USD pair remains under pressure after the People's Bank of China (PBoC) announced its Interest Rate Decision.
AUD/USD
Fxstreet
May 20, 2025
Bitcoin Battle Heats Up! 21Shares Predicts a Surge to $138,500
Bitcoin’s fierce bull vs. bear showdown intensifies around $106,000, as 21Shares analysts forecast a new all-time high.
Bitcoin
TradingKey
May 20, 2025
NVIDIA’s Huang blasts U.S. export rules, points to $15 billion in missed sales
Investing.com -- NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang sharply criticized U.S. export restrictions on AI chips, warning that the rules are diminishing America’s technology leadership while
NVIDIA Corp
Investing.com
May 20, 2025
China says US undermined the consensus reached in Geneva tariff talks
China on Monday accused the US of undermining the two countries’ preliminary trade agreement after the US issued an industry warning against using Chinese chips that singled out Huawei, per CNBC.
Fxstreet
May 20, 2025
Moody’s Strips U.S. of AAA Rating — VIX Fear Index Surges 15%! Is a Fiscal Storm Coming?
TradingKey - Following Moody’s downgrade of the U.S. sovereign credit rating last Friday, global investor concerns over the sustainability of U.S. fiscal policy have triggered a sharp rise in market anxiety. On Monday, May 19, the VIX Volatility Index surged by over 15%.
TradingKey
May 19, 2025
U.S. Stands Alone, While the UK and Europe “Hold Hands” — UK-EU Restart Post-Brexit Agenda with First Agreement in Five Years
TradingKey - The Trump administration’s aggressive use of tariffs and confrontational foreign policy has indirectly encouraged greater unity among other nations. On May 19, nearly nine years after voting to leave the EU, the United Kingdom and the European Union reached a landmark agreement to...
EUR/USD
GBP/USD
TradingKey
May 19, 2025
On the Eve of COMPUTEX, NVIDIA Unveils NVLink Fusion to Unlock the Global AI Computing 'Acceleration Code’
TradingKey - On the eve of the Taipei International Computer Show (COMPUTEX 2025), American chip giant NVIDIA (NVDA) announced on Monday that it will open its proprietary chip interconnect technology, NVLink Fusion, to other chip design companies.
NVIDIA Corp
TradingKey
May 19, 2025
Wall Street’s Playbook: Emerging Market Equities to Lead the Next Bull Market, Instead of the U.S.
TradingKey - Rather than dwelling on the policy instability and unpredictability of the Trump 2.0 administration, Wall Street is coalescing around a growing consensus: the era of U.S. exceptionalism is over, and emerging market equities are poised for a golden age.
TradingKey
May 19, 2025
Pre-WWDC Bombshell: 7 Years of Apple's AI Strategy Falter, from Poaching Google's Talent to Siri's Decline
TradingKey - Apple is unlikely to introduce a new version of Siri or any updates at next month's Worldwide Developers Conference (WWDC), as revealed in a recent report by Bloomberg's Mark Gurman. Despite the prior announcement of new features at last year's conference, these have been postponed inde
Apple Inc
TradingKey
May 19, 2025
【Weekly Outlook】: G7 Finance Ministers Meeting, China’s April Economic Data Released, Taipei International Computer Show Opens, Microsoft and Google H
TradingKey - Last week, U.S. stock indices posted a collective rebound, with the Dow rising 3.41%, the S&P gaining 5.27%, and the Nasdaq climbing 7.15%, boosted by unexpected results from U.S.-China tariff negotiations that lifted risk sentiment.
Baidu Inc
Bilibili Inc
Trip.com Group Ltd
Xpeng Inc
Zoom Communications Inc
TradingKey
May 19, 2025
Fearless tariffs soar all the way, when will Netflix peak?
TradingKey - Netflix (NFLX) has surged 25% since April, outperforming the S&P 500's 4% gain, despite the streaming giant's involvement in U.S.-China trade tensions.
Netflix Inc
TradingKey
May 19, 2025
China urges U.S. to act ’responsibly’ after Moody’s downgrade
Investing.com -- China has urged the United States to adopt responsible economic policies in the wake of Moody’s decision to strip the U.S. of its last triple-A credit rating.
USD/CNH
Investing.com
May 19, 2025
What Happens When the U.S. Loses Its Last AAA Rating? Sell America Again or Just “Sell the Fact”?
TradingKey - Following news that Moody’s downgraded the U.S. sovereign credit rating, and that China’s holdings of U.S. Treasuries fell to third place globally, Wall Street is now weighing a critical question: Will investors "sell the fact" and return to dollar assets — or will this trigger...
TradingKey
May 19, 2025
Risk-free U.S. Bonds at Risk: China’s Diversification Strategy and Moody’s Downgrade Draw a Red Line
TradingKey - Just days after the easing of global trade tensions due to the Trump administration's tariff truce, the U.S. Treasury market may be facing further pressure — with no rally in sight. The recent bond market weakness has been exacerbated by two major developments: China’s decline as the...
TradingKey
May 19, 2025
TRUMP Gala T-Minus 3 Days: Crypto Market Braces for a "Trump Trade" Frenzy!
The TRUMP Gala is set for Thursday, with President Donald Trump’s speech expected to be a major market catalyst.
TradingKey
May 19, 2025
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