Monthly Archives: May 2025
The Australian dollar weakens as strong US PMI data boosts the US dollar and reduces risk appetite
Written on May 23, 2025 at 3:51 am, by davin
The Australian Dollar fell to 0.6415 as strong US economic data boosted the US Dollar. Concerns over US fiscal policies linger, impacting the Dollar’s long-term stability and the AUD’s future. – vtmarketsmy.com
US PMI strength supports Pound Sterling, keeping GBP/USD above 1.3400 amid fluctuating trading
Written on May 23, 2025 at 3:51 am, by davin
The British Pound remains steady against the US Dollar above 1.3400, reflecting cautious market sentiment amid mixed economic data. Investors await stronger indicators before committing to trades. – vtmarketsmy.com
EU Economic Commissioner Dombrovskis calls G7 discussions successful, highlighting energy sanctions and support for Ukraine
Written on May 23, 2025 at 2:51 am, by davin
G7 finance leaders discussed sanctions against Russia and proposed a $50 oil cap while facing trade challenges. Uncertain outcomes signal ongoing pressure, demanding vigilance from traders on future developments. – vtmarketsmy.com
Inflation boost causes the Mexican Peso to rise against the US Dollar amid ongoing risks in the US
Written on May 23, 2025 at 2:51 am, by davin
The Mexican Peso is strengthening against the US Dollar, driven by unexpected mid-May inflation and shifting interest rate expectations. Meanwhile, US fiscal issues are diminishing the Dollar’s appeal, creating bearish pressure. – vtmarketsmy.com
The British Pound stays above 1.3400, supported by strong US PMI data despite fiscal concerns.
Written on May 23, 2025 at 1:51 am, by davin
GBP/USD stabilizes around 1.3410 amidst mixed PMI data, highlighting UK economic challenges and US fiscal concerns. Market participants must stay alert as upcoming data and central bank comments could shift sentiment. – vtmarketsmy.com
The auction for the U.S. 4-week bill had a yield of 4.22%
Written on May 23, 2025 at 1:50 am, by davin
Retail traders are optimistic, buying gold as a safe haven, while institutions proceed cautiously due to economic uncertainties. With fluctuating currencies, strategic trading is essential amid rising market risks. – vtmarketsmy.com
Major tech firms are supporting US markets as indices decline across the Atlantic, says Beauchamp
Written on May 23, 2025 at 12:51 am, by davin
European markets dipped as profit-taking and concerns about US debt and bond yields heightened caution. In contrast, major tech stocks attracted interest ahead of Nvidia’s earnings, balancing optimism and risk. – vtmarketsmy.com
Silver hits a seven-week high before sharply declining to around $32.95.
Written on May 23, 2025 at 12:50 am, by davin
Silver prices dipped after hitting a two-month high of $33.70, stabilizing around $32.95. Key support at $32.50–$32.70 indicates strong buyer confidence, while resistance near $34 remains critical for future movements. – vtmarketsmy.com
In April, existing home sales in the United States decreased by 0.5% compared to the previous month.
Written on May 22, 2025 at 11:51 pm, by davin
April saw a slowdown in the decline of U.S. existing home sales, improving from -5.9% to -0.5%. This suggests potential stabilization in the housing market and implications for economic trends. – vtmarketsmy.com
Bundesbank’s Nagel views the current interest rate level as non-restrictive.
Written on May 22, 2025 at 11:50 pm, by davin
Bundesbank President Joachim Nagel indicates current ECB interest rates aren’t restrictive enough to curb inflation. Traders should reassess strategies, as economic conditions may prompt unexpected shifts in monetary policy and volatility. – vtmarketsmy.com