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Monthly Archives: May 2025
OCBC analysts predict further decline for the DXY, currently at 99.59
Written on May 21, 2025 at 5:50 pm, by davin
The US Dollar weakens amid geopolitical tensions and fiscal concerns, settling at 99.59. Analysts advise caution, indicating that traditional strategies of buying dollars may no longer hold. – vtmarketsmy.com
USD/CHF pair drops near 0.8240 during European trading, marking a three-day losing streak
Written on May 21, 2025 at 4:51 pm, by davin
USD/CHF is plummeting to 0.8240 due to a US credit rating downgrade and political gridlock on tax cuts. The Swiss National Bank hints at potential negative rates amidst global economic concerns. – vtmarketsmy.com
Scotiabank’s Chief FX Strategist reports a 0.5% rise in EUR against USD due to overall dollar weakness.
Written on May 21, 2025 at 4:50 pm, by davin
The Euro has gained 0.5% against the US Dollar due to weakened USD and ECB policy shifts. Key economic data this week may influence further movement as market dynamics evolve. – vtmarketsmy.com
UOB Group analysts predict US Dollar will range between 7.1850 and 7.2450 against the Yuan.
Written on May 21, 2025 at 3:51 pm, by davin
The US Dollar is currently trading neutrally against the Chinese Yuan, expected to range between 7.1850 and 7.2450. Traders should remain alert for market shifts and potential volatility risks. – vtmarketsmy.com
British inflation unexpectedly rises to 3.5%, pushing GBP/USD through key resistance levels due to higher costs
Written on May 21, 2025 at 3:50 pm, by davin
UK inflation surged to 3.5%, complicating the Bank of England’s decisions and impacting the GBP/USD exchange rate. Markets are reconsidering rate cut expectations as inflation pressures persist. – vtmarketsmy.com
During European trading, the AUD/USD nears 0.6460 as the US dollar struggles against rivals.
Written on May 21, 2025 at 2:51 pm, by davin
The Australian Dollar is rising against a weakened US Dollar, influenced by a US credit rating downgrade and Australian interest rate cuts. Market volatility is driven by political and economic uncertainties. – vtmarketsmy.com
South Africa’s retail sales growth drops to 1.5% in March, down from 3.9%
Written on May 21, 2025 at 2:50 pm, by davin
South Africa’s retail sales rose 1.5% in March, down from 3.9%, signaling a slowdown in consumer spending. This shift could impact economic growth and market strategies amid rising inflation concerns. – vtmarketsmy.com
US mortgage applications decline by 5.1%, reversing the previous 1.1% increase
Written on May 21, 2025 at 1:51 pm, by davin
US Treasury bond yields spike after Moody’s credit rating downgrade, raising market caution amid fiscal uncertainties and policy challenges. Investors face increased risks in a volatile landscape—adapting strategies is crucial. – vtmarketsmy.com
UOB Group analysts expect the NZD/USD pair to fluctuate within a limited range
Written on May 21, 2025 at 1:50 pm, by davin
The New Zealand Dollar (NZD) is expected to trade cautiously between 0.5905 and 0.5945 against the US Dollar (USD), with a narrower long-term range. Watch for subtle market moves! – vtmarketsmy.com
ING analysts report a nearly 5% increase in European natural gas prices due to outages in Norway.
Written on May 21, 2025 at 12:51 pm, by davin
European natural gas prices surged nearly 5% due to unexpected outages in Norway’s supply. Combined with low LNG send-outs and high Asian demand, volatility is expected to rise. – vtmarketsmy.com
