Live Updates

    8 May 2025
    Attention is on the US March wholesale inventory report, expecting a potential revision increase.

    Market focus shifts to jobless claims, Q1 productivity, and wholesale inventories amid rising metal imports.

    8 May 2025
    April’s headline inflation in Mexico exceeded expectations, recorded at 0.33% instead of 0.3%

    Mexico’s inflation slightly surpassed forecasts; US dollar strength impacted currencies, gold declined, while XRP gained momentum.

    8 May 2025
    The EU plans countermeasures against US tariffs, proposing €95 billion in tariffs and restrictions

    EU seeks balanced trade solution with US, considers export restrictions, and plans WTO dispute over tariffs.

    8 May 2025
    Following the Bank of England’s announcement, the GBP/JPY pair climbs towards 193.00 during afternoon trading

    GBP/JPY rises near 193.00 as BoE cuts rates; Pound strengthens despite divided policy outlook.

    8 May 2025
    The Canadian Dollar is weakening against the US Dollar, lagging behind other G10 currencies

    Canadian Dollar dips 0.3% amid strong USD, widened yield spread, trades near 1.39 fair value range.

    8 May 2025
    Trump disparaged Jerome Powell as clueless, expressing disdain for the Fed’s recent decision while praising economic conditions

    Trump called Fed Chair Powell a “fool”, claiming inflation is low despite Powell’s continued leadership until 2026.

    8 May 2025
    After a brief rise, the Pound remains under pressure at a crucial support zone against the Dollar

    GBP/USD erased earlier gains amid policy divergence and US Dollar strength, trading below key 1.3300 support.

    8 May 2025
    Concessions on food and agriculture by the UK aim to reduce US auto tariffs, details unclear

    UK offers agriculture import concessions to US in exchange for lower auto tariffs, despite regulatory challenges.

    8 May 2025
    The Manufacturing Production Index in South Africa improved from -3.2% to -0.8% year-on-year

    Markets react to global economic shifts: UK rate cut, stronger US data, gold rebound, XRP gains traction.

    8 May 2025
    A trade deal agreement between the UK and US has been confirmed, aiding political negotiations ahead

    UK and US reach preliminary trade deal agreement, paving way for future full agreement and closer ties.

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