Monthly Archives: May 2025
The Australian dollar drops to 0.6415 against the US dollar after expected RBA rate cut
Written on May 20, 2025 at 3:51 pm, by davin
The Australian Dollar has dropped to 0.6415 against the US Dollar after a rate cut by the RBA. Political instability and global growth concerns add to the weakening sentiment. Watch for volatility! – vtmarketsmy.com
Gold prices stabilize amid ongoing geopolitical tensions and recent comments from Fed officials.
Written on May 20, 2025 at 3:50 pm, by davin
Gold prices surged to $3,240 after Moody’s US credit downgrade, indicating high market sensitivity. Future movements depend on geopolitical and economic shifts, especially concerning central bank policies and inflation data. – vtmarketsmy.com
UK secures trade deal with the EU, leading to a stronger Pound Sterling against its rivals.
Written on May 20, 2025 at 2:51 pm, by davin
The UK-EU partnership strengthens amid US economic turmoil, with rising inflation forecasts potentially influencing UK interest rates. Despite challenges, the Pound strengthens supported by stable policies and trade agreements. – vtmarketsmy.com
UOB Group analysts expect the USD/CNH to rise slightly, staying within a range of 7.1850 to 7.2450.
Written on May 20, 2025 at 2:50 pm, by davin
The US Dollar is expected to remain stable within a range of 7.1850 to 7.2450, lacking momentum to break resistance at 7.2330. Market watchers should focus on volume at key levels. – vtmarketsmy.com
Commerzbank analyst notes that electric mobility growth is reducing global oil demand, particularly in China.
Written on May 20, 2025 at 1:51 pm, by davin
The electric vehicle market is booming, with global sales projected at 20 million this year. China leads the charge, reshaping energy consumption and impacting battery resources. Prepare for change! – vtmarketsmy.com
Commerzbank analyst notes that China’s refineries increased inventories due to recent low oil prices
Written on May 20, 2025 at 1:50 pm, by davin
China’s refineries are stockpiling crude oil due to low prices, with processing rates and apparent demand declining. This cautious strategy may indicate a broader trend affecting global oil markets. – vtmarketsmy.com
The New Zealand dollar is expected to fluctuate between 0.5900 and 0.5950 against the US dollar.
Written on May 20, 2025 at 12:51 pm, by davin
The New Zealand Dollar (NZD) is projected to trade between 0.5900 and 0.5950 against the US Dollar (USD), indicating limited movement and caution for investors in the coming weeks. – vtmarketsmy.com
Japan is considering accepting lower US tariff rates instead of requesting an exemption.
Written on May 20, 2025 at 12:50 pm, by davin
Japan may accept lower US tariffs without full exemptions, signaling potential flexibility in negotiations. The strong Yen and upcoming talks could impact currency pairs, creating strategic trading opportunities. – vtmarketsmy.com
In March, the Eurozone’s current account increased to €60.1 billion, up from €33.1 billion.
Written on May 20, 2025 at 11:50 am, by davin
The Eurozone’s current account surplus surged to €60.1 billion in March, signaling strong economic activity. This spike may influence currency strength and future monetary policy, with implications for traders and investors. – vtmarketsmy.com
In March, the Eurozone’s current account hit €50.9 billion, surpassing the expected €35.9 billion.
Written on May 20, 2025 at 10:51 am, by davin
The Eurozone’s current account surplus of €50.9 billion in March 2025 surpassed forecasts, indicating economic strength. Meanwhile, the US Dollar weakened, impacting gold prices and currency exchange rates. – vtmarketsmy.com