Live Updates

The USD/JPY may dip below 144.90 but remains supported at 144.50, with analysts predicting consolidation between 144.50 and 147.30 amid economic uncertainties impacting currency markets. – vtmarketsmy.com

China’s April economic data reveals slow industrial production and declining retail sales, reflecting challenges from the US-China trade war. A potential rate cut could offer future relief, but uncertainties remain. – vtmarketsmy.com

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 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 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 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 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 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 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 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