Weekly Updates 26/5/25 – 30/5/25 May 26, 2025
This weekly update is designed to help you stay informed and relate economic and company earnings to potentially value-add your CFD (Contract For Difference) trading via hedging (risk reducing). This article should be used for educational purposes only and not as financial advice. We urge all traders to carry out your own due diligence before submitting trades.
Recap for last week (19 May – 23 May 2025)
*These prices are taken based on the previous Monday’s opening price and the preceding Friday’s closing price.
Last week’s market action revolved around the US house passing the “Big Beautiful Bill” by President Donald Trump that includes tax cuts to mass deportation and cutting Medicare. Causing the US dollar to slip and long term US bond yields (30 Yrs) to spike over 5%, first time since 2006. With bond yields flashing worrying signs of the ever increasing deficit of the US government. Furthermore, on Friday 23rd May President Donald Trump threatened to push 50% tariff on European Union goods starting as soon as 9th July and warned Apple that he may impose a 25% levy on all iPhones imported into the US.
Updates for the week (26 May – 30 May 2025)
The data below showing the economic releases read as “Analyst’s estimate/ Consensus | Previous data”.
This week’s upcoming macro-economic news releases mainly focuses on the US releasing GDP Data, Personal Income, Personal Spending and FOMC Meeting minutes. Furthermore, Durable Goods Orders are expected to decrease -7.8% compared with prior of 9.2%. During such a volatile economic and political situation, market participants are eager to see the FOMC meeting minutes to know what was the FOMC’s biggest talking point and concerns among its members. Potentially indicating how the Fed forecast the upcoming economic situation.
US earnings releases for this week focus on NVIDIA, SalesForce, Marvell, zScaler from the Tech sector of US, Best Buy, Costco from the retail sector of the US. With CEO of Walmart warning market participants that due to tariffs, there will be increase of prices and potentially empty shelves, market participants are eager to see how does its competitors fare like Best Buy and Costco. Nvidia has been on a roller coaster, from the launch of DeepSeek to trade restrictions and ever changing expectations by analysts. Nvidia’s forward guidance and market forecast will set the tone for the semiconductor and even AI industry looking forward.
US Oil: Consolidation Phase after a Strong Breakout by Jun Yuan Kwong
Key Entry Price Pivot(s)
- $61
Recommended Trade
- Short at level $61
- Take profit at $57
- Stop loss at $65
Alternative Case
- Long at level $56
- Take profit at $64
- Stop loss at $54.5
Remarks
- Oil prices have been forming a triangle pattern since September 2023, with strong support around $65 and progressively lower highs at $94, $87, and $83.5, including a recent failed breakout at $80. The $65 level has proven to be a significant support, having been tested multiple times.
- Analyzing the daily chart of US Oil, the price remains within a descending triangle pattern. It is currently approaching the triangle’s support zone, which was previously rejected in December 2021, March 2023, and September 2024.
- However, on April 4, 2025, a strong bearish candlestick broke through the key support level, and oil prices subsequently dropped to $54.83 on April 9, 2025. Since then, the market has entered a consolidation phase, trading within a range between $55 and $65.
- For traders considering short positions, $65 now acts as a strong resistance, corresponding to the top of the range from the recent breakdown.
If you have any feedback or questions, feel free to email us at samht@phillip.com.sg or onishathyeyn@phillip.com.sg or cfd@phillip.com.sg.
Disclaimer
This material is provided to you for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell the investment product mentioned. It does not have any regard to your specific investment objectives, financial situation or any of your particular needs.
Accordingly, no warranty whatsoever is given and not liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of your acting based on this information. Investments are subject to investment risks.
The risk of loss in leveraged trading can be substantial. You may sustain losses in excess of your initial funds and may be called upon to deposit additional margin funds at short notice. If the required funds are not provided within the prescribed time, your positions may be liquidated.
The resulting deficits in your account are subject to penalty charges. The value of investments denominated in foreign currencies may diminish or increase due to changes in the rates of exchange.
You should also be aware of the commissions and finance costs involved in trading leveraged products. This product may not be suitable for clients whose investment objective is preservation of capital and/or whose risk tolerance is low.
Clients are advised to understand the nature and risks involved in margin trading. You may wish to obtain advice from a qualified financial adviser, pursuant to a separate engagement, before making a commitment to purchase any of the investment products mentioned herein. In the event that you choose not to obtain advice from a qualifies financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest and we do not offer any advice in this regard unless mandated to do so by way of a separate engagement.
You are advised to read the trading account Terms & Conditions and Risk Disclosure Statement (available online at www.poems.com.sg) before trading in this product. Any CFD offered is not approved or endorsed by the issuer or originator of the underlying securities and the issuer or originator is not privy to the CFD contract. This advertisement has not been reviewed by the Monetary Authority of Singapore.
CFD Disclaimer
Investments are subject to investment risks. The risk of loss in leveraged trading can be substantial. You may sustain losses in excess of your initial funds and may be called upon to deposit additional margin funds at short notice. If the required funds are not provided within the prescribed time, your positions may be liquidated. The resulting deficits in your account are subject to penalty charges. The value of investments denominated in foreign currencies may diminish or increase due to changes in the rates of exchange. You should also be aware of the commissions and finance costs involved in trading leveraged products. This product may not be suitable for clients whose investment objective is preservation of capital and/or whose risk tolerance is low. Clients are advised to understand the nature and risks involved in margin trading.
You may wish to obtain advice from a qualified financial adviser, pursuant to a separate engagement, before making a commitment to purchase any of the investment products mentioned herein. In the event that you choose not to obtain advice from a qualified financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest and we do not offer any advice in this regard unless mandated to do so by way of a separate engagement. You are advised to read the trading account Terms & Conditions and Risk Disclosure Statement (available online at https://www.poems.com.sg/) before trading in this product.
Any CFD offered is not approved or endorsed by the issuer or originator of the underlying securities and the issuer or originator is not privy to the CFD contract.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
This material is intended for general circulation only and does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should seek advice from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs, before making a commitment to invest in such products.
About the author
Sam Hei Tung (Assistant Manager, Dealing) | Onisha Thye (Dealing)
Sam graduated from National University of Singapore with a Master of Science in Finance. He personally manages his own investment portfolio and does equity and economic research in his free time. Sam believes that education and information is essential to making good financial decisions.
Onisha is a dealer at the CFD Dealing Desk. She graduated from Monash University with a double major in finance and econometrics. Her natural curiosity for finance is what drove her to be in this field as she is fascinated by all the possibilities and opportunities.
