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Monthly Archives: May 2025
Durable goods orders in the United States drop 6.3%, exceeding forecasts
Written on May 27, 2025 at 6:50 pm, by davin
US Durable Goods Orders fell 6.3% in April, signaling manufacturing resilience despite challenges. The US Dollar strengthens, impacting EUR/USD and GBP/USD. Meanwhile, Germany attracts portfolio interest amid global investment shifts. – vtmarketsmy.com
Durable goods orders in the United States, excluding defense, fell from 10.4% to -7.5%
Written on May 27, 2025 at 5:51 pm, by davin
US durable goods orders plunged to -7.5%, signaling economic shifts. The strong Dollar pressures GBP/USD, while gold struggles and Bitcoin rebounds ahead of a key conference, highlighting market volatility. – vtmarketsmy.com
High demand for gold as a safe haven draws interest from the ECB and Commerzbank
Written on May 27, 2025 at 5:50 pm, by davin
Gold demand is surging as a safe haven, with a 150% jump in COMEX futures and a 58% rise in Eurozone derivatives, reflecting growing distrust in traditional financial instruments amidst policy uncertainty. – vtmarketsmy.com
Despite support from the Ministry of Finance and a hawkish Bank of Japan, the yen is weakening
Written on May 27, 2025 at 4:51 pm, by davin
The Japanese Yen is weakening against the USD, affected by bond supply speculation and cautious Bank of Japan signals. Traders must focus on market cues beyond surface currency movements for better strategies. – vtmarketsmy.com
Pound Sterling stands out among G10 currencies, despite declining against the US Dollar, according to Osborne
Written on May 27, 2025 at 4:50 pm, by davin
The Pound Sterling dipped slightly against the Dollar but outperformed G10 currencies. UK retail sales weakened, yet GBP/USD trends bullishly, suggesting potential gains ahead as traders assess economic indicators. – vtmarketsmy.com
US Dollar rebounds from three-week lows, breaking trendline resistance near 0.8300
Written on May 27, 2025 at 3:51 pm, by davin
The US Dollar is gaining strength, aided by positive market sentiment and reduced tariff threats, while the Swiss Franc weakens. Traders eye Durable Goods and Consumer Sentiment data as potential game-changers. – vtmarketsmy.com
Barbara Lambrecht from Commerzbank notes a significant rise in China’s gold imports from Hong Kong.
Written on May 27, 2025 at 3:50 pm, by davin
China’s gold imports from Hong Kong surged to 59 tons in April, nearly tripling from March, as banks received higher quotas, indicating strong demand despite rising prices. – vtmarketsmy.com
Renewed selling pressure on CAD is expected amid USD recovery, says Scotiabank strategist
Written on May 27, 2025 at 2:51 pm, by davin
The Canadian Dollar (CAD) has weakened against a recovering US Dollar (USD), reflecting market sentiment rather than Canadian economic troubles. Traders should manage positions carefully amidst uncertain inflation and tariffs. – vtmarketsmy.com
Despite the USD’s stability, a broader downtrend persists as markets brace for possible gains.
Written on May 27, 2025 at 2:50 pm, by davin
The USD is bouncing back due to global bond recovery and speculation on Japanese debt, but economic concerns and Fed policies keep it in a downtrend. Watch for forthcoming US economic data for market direction. – vtmarketsmy.com
UOB Group forecasts USD/CNH will fluctuate between 7.1640 and 7.1840, showing bearish tendencies
Written on May 27, 2025 at 1:51 pm, by davin
The US Dollar is expected to trade between 7.1640 and 7.1840 against the Chinese Yuan, with limited downward momentum. Caution is advised as traders navigate this sideways market. – vtmarketsmy.com
