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Monthly Archives: May 2025
Pound Sterling rises above 1.3450 due to improved UK consumer confidence data
Written on May 23, 2025 at 8:51 am, by davin
GBP/USD reached 1.3468, its highest since February 2022, driven by improved consumer confidence. UK retail sales data on May 23 could influence future market sentiment, with potential risks ahead. – vtmarketsmy.com
Trump pressures the EU to reduce tariffs to prevent extra duties
Written on May 23, 2025 at 8:51 am, by davin
Trump’s negotiators urge the EU to cut tariffs on US imports, warning of a 20% reciprocal tax. As EUR/USD rises, markets brace for potential trade tensions and their implications. – vtmarketsmy.com
Gold prices rise today in the Philippines, according to the latest data
Written on May 23, 2025 at 7:52 am, by davin
Gold prices in the Philippines surged to PHP 5,907.45 per gram, reflecting global economic shifts. This spike indicates increased caution in currency dynamics and rising demand for safe-haven assets. – vtmarketsmy.com
Gold prices rise in the United Arab Emirates based on today’s data
Written on May 23, 2025 at 7:51 am, by davin
Gold prices in the UAE surged to AED 391.35 per gram amid safe-haven buying and a weaker USD. Global trade tensions and economic data fluctuations are driving investor strategies in gold markets. – vtmarketsmy.com
During the Asian session, USD/CAD fell to around 1.3825 as the USD weakened.
Written on May 23, 2025 at 6:51 am, by davin
The USD/CAD pair is declining amid US economic concerns and strong Canadian data. With looming Fed rate cuts and stable oil prices, traders anticipate further CAD strength in the coming weeks. – vtmarketsmy.com
XAG/USD rises above $33.00 as safe haven demand increases after previous decline
Written on May 23, 2025 at 6:51 am, by davin
Silver prices are stabilizing around $33.10 as demand clashes with rising US fiscal deficits. Growing industrial consumption, particularly from renewable energy, heightens supply pressure amid economic uncertainty. – vtmarketsmy.com
USD/CAD pair rebounds slightly to about 1.3855 after positive US PMI data
Written on May 23, 2025 at 5:51 am, by davin
The USD/CAD pair hovers around 1.3855, driven by robust US economic indicators and weak crude oil prices, impacting the Canadian dollar. Upcoming Canadian retail sales data could influence further movements. – vtmarketsmy.com
Retail sales in New Zealand show unexpected growth of 0.8% in the first quarter
Written on May 23, 2025 at 5:50 am, by davin
New Zealand’s retail sales unexpectedly rose 0.8%, signaling shifts in market expectations. Meanwhile, the Australian dollar faces resistance, Japan’s yen strengthens amid inflation concerns, and gold remains indecisive. – vtmarketsmy.com
The DJIA rebounds after a midweek drop as bond yields fall
Written on May 23, 2025 at 4:51 am, by davin
The Dow Jones rebounded amid concerns of rising US debt and bond yields, showing optimism from improved economic data despite ongoing fiscal pressures. Market volatility is expected to increase as strategies adjust. – vtmarketsmy.com
The US Dollar Index stays around 100.00 due to fiscal concerns, despite positive PMI results
Written on May 23, 2025 at 4:50 am, by davin
The US Dollar Index is stable near 100.00, affected by fiscal uncertainty and a Moody’s downgrade, amidst mixed economic signals. Political developments could lead to increased volatility and cautious trading. – vtmarketsmy.com
