☀️ Good morning!

📉 Strong outflows are occurring from the world's largest gold ETF, #GLD, according to Goldman data. Gold is now trading at the 3200 level.

📊 JPMorgan notes that retail investors now buy a record amount of US equities. US500 is trading at 5950.

📊 After the US downgrade, Moodys downgraded the leading US banks: JPMorgan, BofA, and Wells Fargo. UsDollar declined to 100.15.

💸 ETH and BTC supply on exchanges continues to decline: BTC supply is at an 8-year low, and ETH supply is at a 10-year low. BTC is trading at 105000.

🇦🇺 Australia Delivers Rate Cut, Sending Currency Lower. AUDUSD is down to 0.6420.

#MarketNews

📆 CALENDAR FOR TODAY - 20.05.2025

🇨🇦 CAD - CPI m/m - 15:30;
🇨🇦 CAD - Median CPI y/y - 15:30;
🇨🇦 CAD - Trimmed CPI y/y - 15:30;

💬 Which assets are on your radar this session?

📲 Start Trading with FBS

@fbsanalytics