Monthly Archives: May 2025
UOB Group analysts note that a move above 0.6370 signals range trading for AUD/USD.
Written on May 19, 2025 at 1:51 pm, by davin
AUD/USD is stuck between 0.6390 and 0.6440, with 0.6370 acting as support. For upward momentum, it needs to break 0.6515. External factors and market sentiment are crucial for direction. – vtmarketsmy.com
The Euro is expected to stabilize between 1.1100 and 1.1290, suggesting limited upward movement.
Written on May 19, 2025 at 1:50 pm, by davin
The Euro is expected to trade within 1.1100 to 1.1290, showing limited upward momentum. Caution is advised as current price action suggests consolidation rather than strong movements; adjustments may be necessary. – vtmarketsmy.com
China’s economy shows resilience in April despite US tariffs
Written on May 19, 2025 at 12:51 pm, by davin
China’s economy showed resilience in April, with stable industrial production despite weaker retail sales and property markets. GDP growth forecasts for 2025 have been adjusted upward, anticipating slight interest rate cuts. – vtmarketsmy.com
Alibaba’s Q4 earnings surpassed expectations, with revenue increasing to $1.73 per ADS year-on-year.
Written on May 19, 2025 at 12:51 pm, by davin
Alibaba’s Q4 fiscal 2025 earnings surpassed expectations at $1.73 per ADS, highlighting strong growth in e-commerce and cloud services. However, revenues slightly missed forecasts, raising cautious market sentiment. – vtmarketsmy.com
USD/CHF slips back to 0.8350 as market uncertainty grows after recent gains
Written on May 19, 2025 at 11:50 am, by davin
USD/CHF is retreating near 0.8360 due to a US credit rating downgrade and concerns over economic growth. Watch for trade developments and central bank policies influencing currency dynamics. – vtmarketsmy.com
FX option expiries for the NY cut on May 19 at 10:00 Eastern Time
Written on May 19, 2025 at 10:52 am, by davin
FX option expiries for May 19 reveal significant levels including EUR 375 million at 1.1150 and USD 1.5 billion at 147.00 for USD/JPY, amidst shifting market dynamics and US credit rating concerns. – vtmarketsmy.com
Gold prices rose today in Saudi Arabia, according to various data sources.
Written on May 19, 2025 at 10:51 am, by davin
Gold prices in Saudi Arabia rose to 388.28 SAR per gram, reflecting rising demand amid central banks’ significant gold purchases. Economic factors like US Dollar fluctuations and geopolitical tensions drive these price changes. – vtmarketsmy.com
Gold prices have increased in Pakistan, according to recent information.
Written on May 19, 2025 at 9:53 am, by davin
Gold prices in Pakistan rose to 29,161.19 PKR per gram, driven by international demand and economic concerns after Moody’s downgraded the US credit rating and indicated weakening inflation. – vtmarketsmy.com
USD/CAD remains stable around 1.3965-1.3970 despite conflicting signals
Written on May 19, 2025 at 9:51 am, by davin
The USD/CAD pair remains stable in the 1.3965-1.3970 range due to mixed influences, including weak oil prices and potential US rate cuts. Traders should watch for volatility around economic updates. – vtmarketsmy.com
The National Bureau of Statistics provides a steady economic outlook based on April’s activity data.
Written on May 19, 2025 at 8:52 am, by davin
China’s economy shows resilience amid challenges, supported by the Belt and Road initiative. However, low prices pressure businesses, impacting margins. This affects the Australian Dollar, influenced by iron ore demand and interest rates. – vtmarketsmy.com