Monthly Archives: May 2025
OPEC maintains its oil demand growth forecasts while adjusting US supply projections and investment expectations
Written on May 14, 2025 at 6:45 pm, by melody
OPEC maintains demand forecasts; US-China trade deal supports stability; non-OPEC supply, investment expectations decline.
Philip Jefferson, Vice Chair of the Federal Reserve, warned that import tariffs may elevate inflation
Written on May 14, 2025 at 6:40 pm, by melody
Inflation progress noted, but tariffs introduce uncertainty; policy rate seen appropriate amid strong labor market and slowing growth.
Chancellor Merz emphasised Germany’s dedication to preventing extended trade disputes with the United States and promoting EU agreements.
Written on May 14, 2025 at 6:15 pm, by melody
Germany seeks to avoid US trade conflict, reduce China dependencies, and support wider EU trade agreements.
Due to widespread US Dollar weakness, GBP/USD surged nearly 1%, reaching a weekly peak of 1.3350
Written on May 14, 2025 at 6:10 pm, by melody
GBP/USD climbs near 1.3350 as US Dollar weakens on lower inflation and positive UK economic outlook.
Concerns mount as ECB urges banks to evaluate dollar funding amidst potential market instability linked to Trump
Written on May 14, 2025 at 5:45 pm, by melody
ECB urges banks to assess dollar funding risks amid concerns over potential Fed policy shifts under Trump.
The Canadian Dollar has risen slightly against the US Dollar but lags behind G10 currencies
Written on May 14, 2025 at 5:40 pm, by melody
Canadian Dollar edges higher versus USD; markets await data, risk sentiment boosts cryptos, gold consolidates lower.
The PBOC highlighted China and the EU’s discussions on economic challenges and market access optimisation
Written on May 14, 2025 at 5:15 pm, by melody
China and EU discuss market access, sustainable finance, and payment systems amid shared economic challenges and diplomacy.
March’s Canada Building Permits missed forecasts, recording a decline of 4.1% instead of 0.5%
Written on May 14, 2025 at 5:10 pm, by melody
Canada’s building permits fall; gold stabilizes; EUR/USD steady; crypto surges as US-China trade tensions ease.
Mortgage applications rose slightly, driven by purchases, while refinancing decreased amid higher rates
Written on May 14, 2025 at 4:45 pm, by melody
U.S. mortgage applications rose 1.1%, driven by purchase activity despite higher rates and lower refinancing.
A weaker US Dollar allows gold prices to stabilise, easing recent selling pressure on the market
Written on May 14, 2025 at 4:41 pm, by melody
Gold dips to $3,235 amid softer US Dollar, lower inflation, and shifting global economic and geopolitical trends.
