Monthly Archives: May 2025
A downward trend for GBP against USD seems probable, with 1.3230 being an unlikely target
Written on May 6, 2025 at 11:37 am, by melody
GBP shows downward bias against USD; further pullback possible, but major support breach remains uncertain near-term.
Limited events include Eurozone PMIs, a 10-year auction, and a key Trump-Carney meeting
Written on May 6, 2025 at 11:16 am, by melody
Today’s focus: UK, Eurozone PMI data, Trump-Carney tariff talks, and a potential US trade deal announcement.
Amid rising geopolitical tensions, the Japanese Yen rises for the third day against the USD
Written on May 6, 2025 at 11:07 am, by melody
Japanese Yen rises for third day amid BoJ’s stance, global tensions, and cautious trading behavior.
Early European trading shows Eurostoxx and DAX futures down, while UK FTSE futures slightly rise
Written on May 6, 2025 at 10:46 am, by melody
European stock futures dip amid softer risk sentiment; US and German markets decline while UK edges higher.
The auction yield for Spain’s six-month letras decreased from 2.115% to 1.937%
Written on May 6, 2025 at 10:37 am, by melody
Spain’s bond yields fell; EUR/USD dropped amid German politics; gold rose on Middle East tensions.
In Switzerland, the unemployment rate remains at 2.8%, with registered jobseekers decreasing to 130,101
Written on May 6, 2025 at 10:16 am, by melody
Switzerland’s jobless rate holds steady at 2.8% in April as unemployment numbers slightly decline.
Asian countries outside China face challenges as Chinese firms consider redirecting goods for US exports
Written on May 6, 2025 at 10:07 am, by melody
Chinese firms reroute exports through Asia to avoid tariffs, risking trade tensions and undermining Trump’s policies.
For EUR/USD, a key expiry is at 1.1325, aligning with moving averages influencing price action
Written on May 6, 2025 at 9:46 am, by melody
EUR/USD expiry at 1.1325 aligns with key moving averages; markets steady ahead of Fed rate decision.
The HCOB Services PMI for France reached 47.3 in April, surpassing the anticipated 46.8
Written on May 6, 2025 at 9:38 am, by melody
France’s services PMI contracts; EUR/USD dips, gold nears highs; Bitcoin steady; AI tokens consolidate amid uncertainty.
A U.S. lawmaker intends to combat Nvidia chip smuggling into China through upcoming legislation aimed at verification
Written on May 6, 2025 at 9:16 am, by melody
U.S. lawmaker proposes tracking AI chips amid concerns over Nvidia smuggling and export control violations.
