Daily Market Newsletter

May 25, 2026

Here are today's directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you.

Web TV from Trading Central

GBP/USD Intraday: Further Upside Expected

From an intraday point of view, GBP/USD is gaining more upside momentum.

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Market Wrap

Market Wrap: Stocks, Bonds, Commodities

On Friday, U.S. stocks gained further, with the Dow Jones advancing 294 points (+0.58%) to 50,579, a fresh record close.

The S&P 500 added 27 points (+0.37%) to 7,473, and the Nasdaq 100 was up 124 points (+0.42%) to 29,481.

On a weekly basis, the S&P 500 posted an 8-week winning streak.

Kevin Warsh formally took office as the U.S. Federal Reserve chairman on Friday.

Dell Technologies (DELL) surged 16.77%, becoming the best-performing stock in the S&P 500. Analysts raised their price targets for the company ahead of its quarterly report on Thursday (May 28).

Qualcomm (QCOM) jumped 11.60% after automaker Stellantis announced an expansion of its multi-year technology collaboration with the chip-maker.

Estee Lauder (EL) bounced 11.90% after announcing the termination of talks with Spanish peer Puig regarding a potential business combination.

Zoom Communications (ZM) jumped 9.19%, Ross Stores (ROST) gained 8.18%, and Workday (WDAY) gained 5.16%, all boosted by better-than-expected quarterly results.

Futu Holdings (FUTU) plunged 27.53%, and UP Fintech (TIGR) was down 25.34%. China's securities regulator announced plans to penalize Futu Securities, UP Fintech's Tiger Brokers, and Longbridge Securities for allegedly illegally offering domestic investors access to overseas securities trading.

The U.S. 10-year Treasury yield dipped further to 4.556%, posting a three-session decline.

U.S. markets will be closed on Monday (May 25) for the Memorial Day holiday.

Europe stocks also closed higher, with the DAX 40 rising 1.15%, the CAC 40 up 0.37%, and the FTSE 100 up 0.22%.

Over the weekend, after saying a deal with Iran was "largely negotiated", U.S. President Donald Trump added that there was no rush to make any deal.

Anyway, Trump’s mentioning of a deal in the making helped to drive oil prices down. In early Asian trading hours on Monday, U.S. WTI crude futures tumbled 5.10 dollars (-5.28%) to 91.95 dollars a barrel.

Gold rebounded 47 dollars (+1.06%) to 4,557 dollars an ounce.

Market Wrap: Forex

In early Asian trading hours on Monday, the U.S. dollar weakened, dragged by market expectations of an imminent peace deal between the U.S. and Iran.

EUR/USD rose to 1.1642, while USD/JPY was back below 159.00.

GBP/USD rebounded to 1.3483. U.K. retail sales dropped 1.3% month on month in April, worse than expected.

AUD/USD was back up to 0.7150, while USD/CHF slipped to 0.7823 after three losing sessions.

Bitcoin held at 76,600 dollars.

Morning Trading

In Asian trading hours, WTI crude futures remained under pressure at around 92 dollars a barrel.

Meanwhile, EUR/USD and GBP/USD were both steady, at 1.1640 and 1.3480 respectively.

USD/JPY was down to 158.85.

Gold advanced to 4,565 dollars.

Bitcoin edged up to 77,056 dollars.

Expected Today

U.K. stock market is closed for Spring Bank Holiday.

U.S. stock market is closed for Memorial Day.

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