Monthly Archives: May 2025
As traders anticipate a crucial report and Trump’s trade deal, the Canadian Dollar weakens against the US Dollar
Written on May 8, 2025 at 8:41 pm, by melody
USD/CAD rises as Canadian Dollar weakens; markets await BoC review and potential US-UK trade deal.
Tesla and Google excel while the healthcare sector struggles amid a mixed US stock market
Written on May 8, 2025 at 8:15 pm, by melody
Tech and consumer sectors rise with Tesla, Google gains; healthcare declines, prompting cautious optimism and diversification.
The US Department of Labor reported a decrease in initial jobless claims to 228K applications
Written on May 8, 2025 at 8:10 pm, by melody
US unemployment claims fell to 228,000, with continuing claims down and the dollar maintaining strength.
US trade deals may impose a 10% tariff floor, prompting potential retaliations from other countries
Written on May 8, 2025 at 7:45 pm, by melody
Upcoming U.S. trade deals may maintain 10% tariffs, raising concerns over stalled talks and retaliation.
Following the Bank of England’s announcement, the Pound Sterling rises, causing EUR/GBP to drop near 0.8470
Written on May 8, 2025 at 7:40 pm, by melody
EUR/GBP falls to 0.8470 as Pound rises; BoE cuts rates, lifts GDP forecast amid trade tensions.
Following a recent dip, USDCAD rallies towards key resistance, creating potential for bullish movement
Written on May 8, 2025 at 7:16 pm, by melody
USDCAD climbs post-FOMC, testing key resistance at 1.3904 with bullish momentum and strong support below.
Initial Jobless Claims in the United States were reported at 228K, under the expected 230K
Written on May 8, 2025 at 7:10 pm, by melody
U.S. initial jobless claims hit 228,000 in early May, slightly below expectations, signaling economic steadiness.
The UK FTSE 100 declines as trade deal expectations disappoint, with tariffs remaining unchanged
Written on May 8, 2025 at 6:46 pm, by melody
UK-US trade deal disappoints; FTSE dips as vague terms keep tariffs on steel, autos, and tech.
Unit Labour Costs in the United States exceeded expectations, recorded at 5.7% instead of 5.3%
Written on May 8, 2025 at 6:40 pm, by melody
US labor costs rose sharply, strengthening the dollar; gold dipped, GBP/USD and EUR/USD declined, XRP surged.
The 4-week average of initial jobless claims in the US rose to 227K from 226K
Written on May 8, 2025 at 6:10 pm, by melody
US jobless claims rise, GBP and EUR fall on dollar strength; gold dips, XRP gains on crypto optimism.
