Monthly Archives: May 2025
UOB Group predicts USD/CNH will move sideways between 7.1990 and 7.2190, with future implications
Written on May 19, 2025 at 4:10 pm, by davin
USD/CNH trades sideways within 7.1990–7.2190; break above 7.2330 may reduce downside potential.
According to UOB analysts, USD/JPY’s major support at 144.50 seems secure despite potential declines
Written on May 19, 2025 at 3:40 pm, by davin
USD/JPY stays in consolidation; may dip below 144.90 but holds above key 144.50 support level.
April statistics indicate trade war effects, yet growth recovery is anticipated after the Geneva agreement
Written on May 19, 2025 at 3:10 pm, by davin
China’s April data reveals slowing industrial output, weak domestic demand, and cautious optimism amid trade tensions.
UOB Group analysts highlight that a move above 0.6370 indicates range trading for AUD/USD
Written on May 19, 2025 at 1:40 pm, by davin
AUD/USD likely to range between 0.6390–0.6440; key resistance at 0.6515; USD weakness influences markets.
The Euro is anticipated to stabilise between 1.1100 and 1.1290, indicating limited upward movement
Written on May 19, 2025 at 1:10 pm, by davin
Euro shows mild recovery but limited upside; expected to consolidate between 1.1100 and 1.1290 short-term.
In April, the economy of China showed resilience despite the implementation of reciprocal US tariffs
Written on May 19, 2025 at 12:40 pm, by davin
China’s economy remains resilient despite tariffs; retail and property weaken, but GDP growth forecast improves for 2025.
Earnings for Alibaba in Q4 exceeded expectations, with revenue rising year-on-year to $1.73 per ADS
Written on May 19, 2025 at 12:11 pm, by davin
Alibaba beats earnings estimates with strong e-commerce and cloud growth; shares rise amid international expansion.
Trading close to 0.8350, USD/CHF slips back after recent improvements amid market apprehension
Written on May 19, 2025 at 11:40 am, by davin
USD/CHF dips near 0.8360 amid US credit downgrade, Swiss Franc weakness may limit further losses.
Below are the FX option expiries for the NY cut on May 19 at 10:00 Eastern Time
Written on May 19, 2025 at 10:40 am, by davin
FX option expiries highlight major positions; EUR/USD near 1.1300 as USD weakens; gold rallies on rating news.
In Saudi Arabia, gold prices increased today as reported by various data sources
Written on May 19, 2025 at 10:10 am, by davin
Gold prices rose in Saudi Arabia; global demand driven by central banks and geopolitical, economic factors.