Monthly Archives: May 2025
In April, the UK services sector faced contraction, with declining orders and diminished business expectations
Written on May 6, 2025 at 2:16 pm, by melody
UK services sector contracts in April 2025 as new orders drop and business confidence weakens sharply.
According to ING’s Warren Patterson, declining oil prices will lead to reduced drilling activity in the US
Written on May 6, 2025 at 2:07 pm, by melody
Falling oil prices reduce drilling, impacting US production and natural gas supply amid rising LNG export demand.
Analysts from UOB Group predict NZD/USD will oscillate between 0.5930 and 0.5980, long-term range 0.5890/0.6005
Written on May 6, 2025 at 1:37 pm, by melody
NZD likely holds between 0.5930–0.5980 short-term; potential retest of 0.6030 if 0.5890 holds.
Schlegel indicated negative interest rates remain a possibility, though they are generally unpopular among citizens
Written on May 6, 2025 at 1:16 pm, by melody
SNB’s Martin Schlegel signals possible return of negative interest rates amid expectations of lower Swiss inflation.
An aggressive supply increase by OPEC+ indicates a policy shift, prompting lower oil forecasts by ING
Written on May 6, 2025 at 1:07 pm, by melody
OPEC+ boosts oil supply again; Saudi Arabia leads amid price drops, fiscal strain, and market uncertainty.
The EU Trade Commissioner announced proposed zero tariffs on industrial goods while pursuing trade discussions
Written on May 6, 2025 at 12:46 pm, by melody
EU Trade Commissioner proposes zero tariffs on industrial goods to boost talks, especially with India.
The Taiwanese dollar’s remarkable surge, alongside other Asian currencies, has caught ING’s attention
Written on May 6, 2025 at 12:37 pm, by melody
Taiwan dollar surges amid trade speculation; USD weakens as markets eye Fed’s stance on rate cuts.
Spain’s April services PMI declined to 53.4, with reduced new work and weakened growth prospects
Written on May 6, 2025 at 12:16 pm, by melody
Spain’s service sector slows; PMI drops, costs rise amid tariffs. Optimism wanes despite workforce expansion.
The USD/CAD pair is currently around 1.3820, exhibiting a bearish trend within a descending channel
Written on May 6, 2025 at 12:07 pm, by melody
USD/CAD shows bearish momentum near 1.3800 support; potential breakout could signal further downside or recovery.
European indices began the day with minimal fluctuations, while markets await further trade news
Written on May 6, 2025 at 11:46 am, by melody
European markets steady; S&P 500 futures dip 0.3% amid trade uncertainty and investor caution.
