Monthly Archives: May 2025
As Carney reaches the White House, USD/CAD hits day’s lows within a narrow range
Written on May 6, 2025 at 10:45 pm, by melody
USD/CAD trades near range low; market watches Trump-Carney meeting for potential directional cues or statements.
During North American trading, the Pound Sterling rises close to 1.3390 against the US Dollar
Written on May 6, 2025 at 10:37 pm, by melody
Pound strengthens ahead of BoE rate cut; GBP/USD rises as US Dollar weakens amid steady Fed policy.
Buyers supported the S&P and Nasdaq indices near 50-hour moving averages, maintaining short-term control
Written on May 6, 2025 at 10:16 pm, by melody
S&P 500 and Nasdaq found support at 50-hour moving averages, stabilizing declines despite modest selling pressure.
The AUDUSD maintains support above the 100-hour MA, as bulls target recent highs.
Written on May 6, 2025 at 9:46 pm, by melody
AUDUSD holds above key support zones, eyeing resistance near 0.6493; staying bullish above moving averages.
Scott Bessent, US Treasury Secretary, mentioned negotiations are ongoing with 17 partners, excluding China
Written on May 6, 2025 at 9:37 pm, by melody
U.S. trade talks advance without China; Dollar Index dips as tariff debates and economic strategies resurface.
Economic optimism in the United States fell short of projections, registering at 47.9 rather than 50.2
Written on May 6, 2025 at 9:07 pm, by melody
Economic optimism dips; Gold tops $3,400; AUD, EUR gain; Bitcoin reserves face resistance; Fed meeting nears.
Canada’s Ivey PMI declined to 47.9, reflecting economic pressure from various factors, including tariffs
Written on May 6, 2025 at 8:45 pm, by melody
Canadian Ivey PMI dropped to 47.9 in April, signaling weaker manufacturing and economic challenges ahead.
The Japanese Yen strengthens amid global apprehension, causing a decline in USD/JPY trading levels
Written on May 6, 2025 at 8:37 pm, by melody
USD/JPY weakens below 143.00 as safe-haven Yen gains amid trade tensions and Fed policy uncertainty.
The USDCHF has been trading narrowly; traders anticipate a breakout as pressure mounts near averages
Written on May 6, 2025 at 8:15 pm, by melody
USDCHF remains rangebound, facing resistance near moving averages; breakout above 0.8333 or below 0.8195 awaited.
The Ivey Purchasing Managers Index for Canada reached 47.9, falling short of the 51.2 expectation
Written on May 6, 2025 at 8:07 pm, by melody
Gold rises above $3,400; AUD/USD nears resistance; global central banks prepare for key rate decisions.
