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Monthly Archives: May 2025
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
US Composite PMI rises to 52.1 in May, showing continued growth in the private sector.
Written on May 22, 2025 at 10:51 pm, by davin
The US has seen a rise in business activity, with the S&P Global Composite PMI increasing to 52.1. This uptick strengthens the US Dollar as analysts predict ongoing market shifts. – vtmarketsmy.com
In May, the US S&P Global Services PMI surpassed expectations at 52.3 instead of 50.8.
Written on May 22, 2025 at 10:50 pm, by davin
The S&P Global Services PMI rose to 52.3 in May, suggesting robust growth in the U.S. services sector. This may lead to heightened inflation concerns, impacting future interest rates. – vtmarketsmy.com
In May, the S&P Global Manufacturing PMI for the United States rose above expectations to reach 52.3.
Written on May 22, 2025 at 9:51 pm, by davin
The S&P Global Manufacturing PMI for May signals growing U.S. manufacturing, while the AUD/USD and EUR/USD face challenges from a strong dollar. Gold stabilizes near $3,300 amid cautious trading. – vtmarketsmy.com
In May, the US S&P Global Composite PMI increased to 52.1, up from 50.6.
Written on May 22, 2025 at 9:50 pm, by davin
US business activity shows positive growth, with the S&P Global Composite PMI rising to 52.1. Meanwhile, gold remains a safe haven at $3,300, and a strategic Bitcoin reserve emerges, shifting market sentiment. – vtmarketsmy.com
USD Index shows high volatility after House approves Trump’s tax bill
Written on May 22, 2025 at 8:51 pm, by davin
The USD Index hovers at 99.50 amid concerns over Trump’s tax bill and Moody’s credit downgrade. Jobless claims dip slightly, showcasing mixed economic signals as markets react carefully. – vtmarketsmy.com
As Eurozone business activity declines, UK services improve, leading to a drop in EUR/GBP
Written on May 22, 2025 at 8:50 pm, by davin
The EUR/GBP pair dipped after three days of gains, influenced by weak Eurozone PMI data hinting at an ECB rate cut, while UK services show slight improvement amid rising inflation. – vtmarketsmy.com
Russian Central Bank reserves decrease from $687.3B to $667.5B
Written on May 22, 2025 at 7:51 pm, by davin
Russia’s central bank reserves have fallen to $667.5 billion, impacting global liquidity. The US Dollar strengthens against the Euro, while Bitcoin hits a record $110,000. Markets remain cautious. – vtmarketsmy.com
