Monthly Archives: May 2025
An aggressive supply increase by OPEC+ indicates a policy shift, prompting lower oil forecasts by ING
Written on May 6, 2025 at 1:07 pm, by luna
OPEC+ boosts oil supply again; Saudi Arabia leads amid price drops, fiscal strain, and market uncertainty.
The EU Trade Commissioner announced proposed zero tariffs on industrial goods while pursuing trade discussions
Written on May 6, 2025 at 12:46 pm, by luna
EU Trade Commissioner proposes zero tariffs on industrial goods to boost talks, especially with India.
The Taiwanese dollar’s remarkable surge, alongside other Asian currencies, has caught ING’s attention
Written on May 6, 2025 at 12:37 pm, by luna
Taiwan dollar surges amid trade speculation; USD weakens as markets eye Fed’s stance on rate cuts.
Spain’s April services PMI declined to 53.4, with reduced new work and weakened growth prospects
Written on May 6, 2025 at 12:16 pm, by luna
Spain’s service sector slows; PMI drops, costs rise amid tariffs. Optimism wanes despite workforce expansion.
The USD/CAD pair is currently around 1.3820, exhibiting a bearish trend within a descending channel
Written on May 6, 2025 at 12:07 pm, by luna
USD/CAD shows bearish momentum near 1.3800 support; potential breakout could signal further downside or recovery.
European indices began the day with minimal fluctuations, while markets await further trade news
Written on May 6, 2025 at 11:46 am, by luna
European markets steady; S&P 500 futures dip 0.3% amid trade uncertainty and investor caution.
A downward trend for GBP against USD seems probable, with 1.3230 being an unlikely target
Written on May 6, 2025 at 11:37 am, by luna
GBP shows downward bias against USD; further pullback possible, but major support breach remains uncertain near-term.
Limited events include Eurozone PMIs, a 10-year auction, and a key Trump-Carney meeting
Written on May 6, 2025 at 11:16 am, by luna
Today’s focus: UK, Eurozone PMI data, Trump-Carney tariff talks, and a potential US trade deal announcement.
Amid rising geopolitical tensions, the Japanese Yen rises for the third day against the USD
Written on May 6, 2025 at 11:07 am, by luna
Japanese Yen rises for third day amid BoJ’s stance, global tensions, and cautious trading behavior.
Early European trading shows Eurostoxx and DAX futures down, while UK FTSE futures slightly rise
Written on May 6, 2025 at 10:46 am, by luna
European stock futures dip amid softer risk sentiment; US and German markets decline while UK edges higher.
