⚠️ CNN reported that U.S. intelligence suggests Israel is preparing for possible strikes on Iranian nuclear facilities;

📣 Bank of England Chief Economist Hugh Pill urged caution on interest rate cuts;

🛢 According to the American Petroleum Institute (API), U.S. oil inventories rose by 2.49 million barrels last week against a forecast of a decline of 1.85 million barrels;

🇬🇧 Data released by the U.K. Office for National Statistics on Wednesday showed that the inflation rate rose at an annualized rate of 3.5% in April, up from a 2.6% increase in March;

🇨🇦 Canada's consumer price index fell to an annualized rate of 1.7% in April from 2.3%.

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#eurusd

🇪🇺🇺🇸 The EUR/USD pair is trading at the level of 1.1345.

📰 The euro is supported by the weakness of the US currency, which is under pressure from US President Donald Trump's aggressive protectionist policies and the White House administration's sweeping tax cut plans. Trump's tax reform is expected to increase the national debt by $3 trillion to $5 trillion over the next decade.

📊 In addition, market participants are analyzing April statistics on inflation in the EU. Thus, the basic harmonized index of consumer prices in the eurozone remained at the same level of 2.2%. Given that the disinflation process in the eurozone has stalled, the European Central Bank may slow down the pace of easing the national monetary policy, which will reduce the pressure on the euro.

📈 Given the above, EUR/USD retains upside potential.

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🧡 @AMarkets_en

📹 Blue Chips vs. Growth Stocks

💲 Bitcoin hits all-time high at $111,865;

⚠️ Trump's tax reform could increase US budget deficit by $3.8 trillion over the next decade;

🛢 According to the Energy Information Administration, US oil inventories rose by 1.3 million barrels last week against the forecast for a decline of 1.85 million barrels;

💵 The Trump administration is seeking a weaker dollar to reduce the trade deficit;

📰 The next round of talks between Iran and the US on a potential nuclear deal will be held on Friday in Rome.

📊📊📊📊📊

#dxy

💵 The dollar index (DXY) is trading at 99.80.

📰 The US currency is under pressure from concerns about the sustainability of the national economy. Traders are concerned about the aggressive protectionist policy of President Donald Trump, which has not yet brought the desired results, but has undermined confidence in the American financial system. At the moment, the main import duties that were introduced by the US in early April are on a 90-day pause, during which the White House administration expects to sign as many trade agreements with partners as possible. However, not many countries are ready to make concessions to the US.

📊 In a few hours, the US will publish May data on business activity in the industrial and services sectors from S&P Global. If the statistics disappoint again, the dollar will continue to decline.📉

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⚠️ The US House of Representatives has approved Trump's tax bill. The vote will now take place in the US Senate;

📊 According to data released yesterday, the US manufacturing business activity index rose to 52.3 in May from 50.2, while service sector activity rebounded to 52.3 from 50.8;

🇺🇸 Initial jobless claims in the US for the week ending May 17 rose by 227,000 from 229,000 two weeks earlier;

🇯🇵 Japan's national consumer price index remained unchanged at 3.6% year-on-year last month, while core inflation rose to 3% from 2.9%;

📣 Japanese Economy Minister Ryosei Akazawa said he intends to visit the United States on May 30 for a fourth round of talks;

📰 The Financial Times reported on Friday that the Trump administration is pressuring the EU to unilaterally cut tariffs on U.S. imports.

💹 Crisis or Opportunity?

Crises can be challenging—but for savvy traders, they’re packed with potential. Learn how to protect your capital, spot new opportunities, and even boost your well-being in ➡️ our latest article.