Monthly Archives: May 2025
New Zealand’s producer price index for output surpasses projections by 2.1% in the first quarter
Written on May 19, 2025 at 1:51 am, by davin
Gold prices drop below $3,200 amid stronger US Dollar and eased geopolitical tensions. New Zealand’s unexpected 2.1% Producer Price Index rise shifts market strategies, influencing currency and trading dynamics significantly. – vtmarketsmy.com
New Zealand’s services PMI for April dropped to 48.5, highlighting ongoing challenges in the sector
Written on May 19, 2025 at 1:51 am, by davin
New Zealand’s services PMI dropped to 48.5, indicating sector decline, while manufacturing improved to 53.9. This divergence signals economic imbalances, impacting market strategies and interest rate expectations. – vtmarketsmy.com
In the first quarter, New Zealand’s Producer Price Index for inputs rose 2.9% quarter over quarter, surpassing forecasts.
Written on May 19, 2025 at 1:50 am, by davin
New Zealand’s Producer Price Index surged by 2.9% in Q1, significantly outpacing expectations. This increase signals rising costs for producers, potentially impacting consumer prices and market trends. – vtmarketsmy.com
US equity index futures drop as S&P 500 falls 0.7% and NASDAQ decreases 0.9%
Written on May 19, 2025 at 12:51 am, by davin
US stock futures fell after Moody’s downgraded the US credit rating, heightening market tension. With significant drops in equity and Treasury futures, along with Biden’s health news, volatility is expected to rise. – vtmarketsmy.com
New Zealand’s business PSI fell to 48.5 in April, down from 49.1.
Written on May 19, 2025 at 12:51 am, by davin
New Zealand’s service sector activity continues to contract, with the PSI dropping to 48.5 in April. This trend raises concerns about domestic demand and potential impacts on interest rates and investment strategies. – vtmarketsmy.com
Estimates predict declines in China’s retail and industrial output as economic activity data is anticipated.
Written on May 19, 2025 at 12:50 am, by davin
John Williams of the New York Fed speaks at Hofstra University today, but no policy changes are expected. Meanwhile, weak Chinese economic data suggests ongoing struggles in the region’s growth. – vtmarketsmy.com
Reports indicate that Binance and Kraken faced hacking attempts, but there’s conflicting information about data loss.
Written on May 18, 2025 at 11:50 pm, by davin
Binance and Kraken faced attempted hacks similar to Coinbase’s, sparking uncertainty about data security. While both exchanges claim no data was compromised, ambiguous reports leave room for concern about future vulnerabilities. – vtmarketsmy.com
Forex rates rise for JPY and EUR due to US credit rating downgrade and European events
Written on May 18, 2025 at 10:50 pm, by davin
The yen and euro gain strength amidst market turbulence, driven by geopolitical shifts, a historic US credit downgrade, and health concerns over Biden. Traders are bracing for volatility and reassessing risks. – vtmarketsmy.com
Bessent warns that tariffs could return to previous levels without successful trade negotiations.
Written on May 18, 2025 at 9:50 pm, by davin
US Treasury Secretary Bessent warns of rising tariffs if trade negotiations falter. With ongoing discussions with 18 partners, traders must prepare for volatility amid uncertainty and possible tariff increases up to 50%. – vtmarketsmy.com
Traders start the FX week with minor rate changes and weekend news highlights
Written on May 18, 2025 at 8:50 pm, by davin
Market uncertainty looms as the US credit downgrade impacts sentiment. With Brexit proposals and potential Australia-EU trade deals on the horizon, traders should brace for volatility amidst thin early-week volumes. – vtmarketsmy.com