Latest data released by UK CBI – 25 May 2021
A bit of a miss on the headline reading and that suggests some slowing in retail sales after the flurry of demand seen in April after lockdown measures were lifted. CBI notes that:

Remarks by Ifo economist, Klaus Wolhrabe
Ifo report
Besides that, the message is one of optimism towards the outlook in 2H 2021 with many anticipating a summer reopening and travel across the region.

Forex news from the European trading session – 24 May 2021
Headlines:
Markets:
– EUR leads, GBP lags on the day
– European equities mixed; S&P 500 futures up 0.4%

Remarks by BOJ governor, Haruhiko Kuroda, at the BOJ-IMES conference
Mostly token remarks and nothing that really stands out too much as he doesn’t really touch much on policy besides the responses that they undertook in managing the downturn last year and how they have slowly progressed from there.

The chart still isn’t looking pretty though
Bitcoin is up about 8% to around $36,400 currently as it holds a light bounce after the drop over the weekend, which saw a low of $31,111. For now, sentiment does not appear too favourable but things can turn 180° at a snap of a finger in cryptos.

Two key charts to watch for the dollar in the week ahead
The greenback has staved off a further decline towards the end of last week and is holding steadier so far today as well. Major currencies are little changed amid holiday thin trading in Europe but there’s still much to look forward to in the

A quiet start so far but the market may still be left searching for answers by the time we start moving towards June
As things stand, the inflation debate is still the key topic right now and there won’t be much to help with that this week besides another round of Fed speakers before we get

SNB Chair Jordan spoke in an interview with Swiss newspaper Neue Zuercher Zeitung (info via Reuters) 
He says it would be completely premature to change the Bank’s very loose monetary policy, and that more could be done if necessary:

The 19-year-old who had a miraculous trading run
This is the story of Thomas, the 19-year-old trader who was working the factory night shift and trading on his phone. In a remarkable run over just four hours he turned $200 to $190,000 (CAD 250,000) and kept it all. It’s an amazing run of nerve, luck and

Forex news for North American trading on May 21, 2021
A snapshot of other markets into the close for the week:
– Spot gold is trading at three dollars or 0.16% at $1880
The price of bitcoin is heading into the weekend on a bearish note. The price is trading down around $4300 or -10.75% at $35,740. The low price today reached $35,231.99.