3 Assets to Watch: May 25-29

Markets are starting the week in anticipation of a US-Iran deal that might reopen the Strait of Hormuz.

At the time of writing:

• Bitcoin (BTCUSDT): +0.8%, back above $77k, paring last Friday's drop (May 22nd)
• Gold (XAUUSD+): +1.1%, creating a larger gap above $4,500.
• Brent crude oil (UKOUSD): -4%, even hitting a 1-month low below $100/bbl
• US stock indexes — SP500, NAS100, and DJ30 — punched higher to respectively hit fresh record highs!

READ MORE (published Friday, May 22): Will SP500, NAS100, and DJ30 indexes add to this week's many record highs?

Still, a healthy dose of caution remains warranted, given the ever-fluid nature of US-Iran peace talks.

President Trump has said he will not rush into a deal.

Iran's semi-official Tasnim news agency warned that the drafted deal may yet collapse.

The Iran war is just days away from entering its 4th month since the first US-Israeli strikes hit Iran, with the latter retaliating across the region, on February 27th.

Key Events This Week

• Mon, May 25: Markets closed in the US, UK, Hong Kong, and South Korea.
• Wed, May 27: Reserve Bank of New Zealand rate decision
• Thu, May 28: US April personal consumption expenditure (PCE) index - Fed's preferred measure of inflation
• Thu, May 28: Dell earnings
• Fri, May 29: Tokyo May consumer price index (CPI a.k.a. inflation) and jobless rate; April retail sales and industrial production
• Fri, May 29: Germany May CPI and unemployment

NOTE: Germany is the Eurozone's biggest economy; Germany's economic data can influence EUR's performance.

3 Assets to Watch

1) Can EURJPY+ return towards its 35-year high?

Back in mid-April, the Euro flirted with the psychologically-important 188 level against the Japanese Yen — marking the highest prices for EURJPY+ since Dec 31st, 1990!

Since then, JPY has strengthened on its government intervention, with EURJPY+ resisted (prices prevented from breaking higher) around its 50-day simple moving average (SMA).

Ask TradeGPT: What does "resisted around its 50-day SMA" mean? How can traders use this info?

Bloomberg's FX model currently forecasts an 81% chance that EURJPY+ will trade between 183.30 – 186.60 between now and June 1st.

POTENTIAL SCENARIOS

• UPSIDE: Rising risk appetite, stronger-than-expected EU/Germany data, along with weaker-than-expected Japanese data may see EURJPY+ returning towards the mid-Jan cycle high/mid-April support around 186.60.

• DOWNSIDE: Falling risk appetite, weaker-than-expected EU/Germany data, along with stronger-than-expected Japanese data may see EURJPY+ re-testing support around 183.30 once more — just as it did in end-April/early-May 2026.

NOTE: The closer EURJPY+ returns towards 187.00, the greater the risk of further Japanese government intervention to strengthen the Yen and send EURJPY+ tumbling lower as it did at end-April, 2026.

2) Dell to post even-higher record highs?

Dell is set to unveil its latest quarterly earnings after US markets close on Thursday, May 28th.

ICYMI: This stock has already skyrocketed 134.5% so far in 2026, even briefly breaching $298 for the first time in its history on Friday, May 22nd.

Dell shares are forecasted to react by a further 10.2% up/down the day after its earnings announcement.

POTENTIAL SCENARIOS

• UPSIDE: A blockbuster positive surprise out of Dell's earnings, coupled with rising risk appetite and greater demand for AI trades, could see this stock punch up to yet another record high at $325!

• DOWNSIDE: A sell-the-news event or disappointing earnings out of Dell, coupled with falling risk appetite, could drag Dell down to $265.50, revisiting support around that May 8th intraday peak.

FUN FACT: The 16.8% surge in Dell's stock prices on Friday, May 22nd — its biggest 1-day climb since February — in turn propelled founder and CEO Michael Dell's net worth to US$ 187.4 billion and into 7th place on the Bloomberg Billionaire's list!

Just the day prior (Thursday, May 21st), Dell was in 8th place behind Nvidia CEO Jensen Huang.

READ MORE (published Thur, May 21): Elon Musk set to be world's first Trillionaire on SpaceX IPO! Here's how you can enter Musk's world, now.

3) HYPEUSDT to see technical pullback?

We recently featured HYPE's record high in last Friday's (May 22nd) "Market Pulse" report.

Since then, it has posted a fresh all-time peak on Sunday, May 24th, and is holding around those record-high levels at the time of writing.

And that's despite the SEC delaying its much-anticipated plan for tokenised securities, which may allow for such digital assets to be traded on DeFi exchanges such as Hyperliquid.

READ MORE (published Tue, May 19): SEC may unveil plan for tokenized stocks this week!

However, technical traders would note that, since Sept 2025 ...

HYPE's prices tend to fall after its 14-day relative strength index (RSI) hits the 70 level — the textbook threshold for "overbought conditions".

POTENTIAL SCENARIOS

• UPSIDE: Greater risk appetite, and further developments on the SEC's plan for tokenised stocks that allow DeFi exchanges to benefit, could spur HYPEUSDT to even greater heights.
• DOWNSIDE: A strong technical pullback could see HYPE return to test support around its 55 mark. A major dent in risk appetite, perhaps by the crumbling of the purported US-Iran deal, and/or should the SEC curtail DeFi exchanges' ability to offer tokenised securities, may also see some profit taking in HYPEUSDT.

WATCH (livestream on Oct 31, 2025): The Rise of Perp DEXs and How They Compare to CEXs

DISCLAIMER:

This article is provided for general information and reflects the author's views only. It does not constitute investment advice, nor an offer or solicitation to buy or sell any financial instruments or digital assets. Your ability to access or use any products or services mentioned may be subject to the laws and regulatory requirements of your jurisdiction.