Monthly Archives: May 2025
Crude oil recovers to over $61.00 as prices stabilise within a narrow range
Written on May 24, 2025 at 4:50 am, by davin
WTI crude oil is stabilizing around $61.00, shifting from resistance to support. Key indicators signal cautious market momentum, with potential for upward movement above $62.00 or risk of declines below $60.588. – vtmarketsmy.com
Dow Jones Industrial Average drops 780 points during market session, struggles to recover
Written on May 24, 2025 at 3:51 am, by davin
The Dow Jones fell 780 points amid tariff talks by Trump on Apple and European goods, reflecting market uncertainty. With a struggling economy, upcoming Fed decisions are crucial for investor sentiment. – vtmarketsmy.com
British Pound rises sharply against US Dollar, hitting a three-year high thanks to retail sales
Written on May 24, 2025 at 3:50 am, by davin
UK consumers are showing resilience with rising retail sales and improved economic indicators, while the US faces trade tensions and a weakening dollar. This divergence is influencing market dynamics significantly. – vtmarketsmy.com
The US oil rig count is 465, falling short of the expected 473
Written on May 24, 2025 at 2:51 am, by davin
US Oil Rig Count fell to 465, indicating sluggish energy sector activity. Meanwhile, GBP/USD rises past 1.3500, and gold holds strong at $3,350 amid Dollar weakness and trade tensions. – vtmarketsmy.com
Dr. Cook observes calm bond markets in April but notes rising household stress levels.
Written on May 24, 2025 at 2:50 am, by davin
Dr. Lisa Cook warned of emerging stress in housing and commercial real estate, signaling potential defaults among vulnerable households, while highlighting risks from inflation and inconsistent Fed policies. Economic resilience may mask underlying issues. – vtmarketsmy.com
Euro remains stable against the pound as UK retail sales improve amid tariff concerns
Written on May 24, 2025 at 1:51 am, by davin
The British Pound stabilizes from strong retail sales, while the Euro faces uncertainty amid proposed tariffs. Key economic data will shape future interest rates and currency movements in the UK and Eurozone. – vtmarketsmy.com
Gold prices increase by nearly 2% as Trump escalates trade tensions with the EU
Written on May 24, 2025 at 1:50 am, by davin
Gold prices have sharply risen to $3,359, driven by geopolitical tensions and US fiscal concerns, with future movements contingent on trade negotiations and economic data. Close monitoring is essential! – vtmarketsmy.com
Australian dollar strengthens against US dollar, approaching 0.6500 after a 1.20% rise
Written on May 24, 2025 at 12:51 am, by davin
The Australian Dollar (AUD) is gaining against the US Dollar (USD), nearing 0.6500 due to positive trade news and steady sentiment. Resistance at 0.6500 may limit further gains for now. – vtmarketsmy.com
Mexico’s current account to GDP ratio drops from 2.87% to 1.8%
Written on May 24, 2025 at 12:50 am, by davin
Mexico’s current account GDP fell to 1.8%. Market volatility rises amid tariff talks, influencing currencies and commodities. Traders must navigate risks carefully amidst fluctuating data and uncertain forecasts. – vtmarketsmy.com
Mexico’s current account in the first quarter was reported at $-7613 million, exceeding expectations.
Written on May 23, 2025 at 11:51 pm, by davin
Mexico’s current account deficit of $7.6 billion in Q1 surprises positively against expectations of $18 billion, prompting traders to reassess strategies as economic conditions shift and currency dynamics evolve. – vtmarketsmy.com