Monthly Archives: August 2025
In July, the S&P Global Composite PMI for the United States exceeded expectations, reaching 55.1
Written on August 5, 2025 at 7:17 pm, by
US PMI rises, boosting economic outlook; gold climbs; DeFi surges; EUR/USD, GBP/USD gain amid dollar weakness.
The S&P Global Services PMI for the United States met expectations at 55.7, surpassing projections
Written on August 5, 2025 at 7:16 pm, by
US services PMI beats forecasts; USD weakens, boosting EUR/USD and GBP/USD; DeFi and gold remain steady.
Citi anticipates gold will reach $3,500/oz within three months amid economic uncertainty and rising tariffs
Written on August 5, 2025 at 6:56 pm, by
Citi raises gold forecast to $3,500/oz amid inflation, policy instability, and weakening US economic indicators.
In August, the year-on-year Redbook Index for the United States increased to 6.5% from 4.9%
Written on August 5, 2025 at 6:48 pm, by
US retail sales rise; EUR/USD and GBP/USD strengthen; gold steady; DeFi grows; Eurozone remains resilient.
Soft Eurozone PMI data causes the Euro to decline against the British Pound, dipping below 0.8700
Written on August 5, 2025 at 6:47 pm, by
Euro weakens as soft Eurozone PMI data contrasts UK’s stronger figures; EUR/GBP drops below 0.8700 level.
Carney announced Canada will offer C$700 million in loan guarantees to support the lumber sector
Written on August 5, 2025 at 6:27 pm, by
Canada commits C$1.2 billion to support its lumber industry and reduce reliance on U.S. exports.
The NZDUSD tests critical support levels while failing to break below the 38.2% retracement level
Written on August 5, 2025 at 6:26 pm, by
NZDUSD holds above key support at 0.5877; buyers need momentum to challenge resistance and shift bias.
To optimise taxes without breaching the Wash Sale rule, investors often consider tax-loss harvesting strategies
Written on August 5, 2025 at 6:18 pm, by
Avoid Wash Sale pitfalls in IRAs to preserve tax deductions and enhance long-term retirement tax strategies.
The trade balance for the United States was $-60.2B, exceeding predictions of $-61.6B
Written on August 5, 2025 at 6:17 pm, by
US Dollar weakens; EUR/USD and GBP/USD rise. Gold steady; DeFi grows as investors pivot from Bitcoin.
In June, Canada saw its imports rise to $67.6 billion, increasing from $66.66 billion
Written on August 5, 2025 at 5:48 pm, by
Canada’s imports rise, US Dollar weakens, boosting EUR/USD and GBP/USD; Gold dips; crypto interest surges.
