Friday, May 9, 2025

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US Dollar Index eases a touch with equity markets trying to end losing streak

The US Dollar experienced a slight depreciation against major currencies on Tuesday, amidst ongoing trade tensions. Recent positive Nonfarm Payrolls data and a...

Gold price edges up in tit-for-tat trade war escalation between US and China

Gold prices have rebounded from a key support level of $2,955, attempting to reverse a recent decline. Bullion is expected to maintain its...

US recession odds rise as global trade conflict deepens

The imposition of new tariffs by the United States is projected to negatively impact economic growth, leading financial institutions to increase their assessments...

S&P 500 faces crucial support at 4800pts after breakdown – Société Générale

S&P 500 faces crucial support at 4800pts after breakdown – Société GénéraleSociété Générale analysts observe that the S&P 500 has declined significantly following...

AUD/USD: Likely to trade in a range of 0.5945/0.6110 – UOB Group

UOB Group analysts Quek Ser Leang and Peter Chia suggest the Australian Dollar (AUD) is expected to trade within a 0.5945/0.6110 range against...

USD: Wild moves continue – ING

Financial markets exhibit continued volatility, influenced by trade uncertainties, fluctuating news cycles, and evolving currency relationships. Francesco Pesole, FX analyst at ING, highlights...

ECB’s Šimkus: 25 bps rate cut needed in April

European Central Bank Governing Council member Gediminas Šimkus has stated that a 25 basis point reduction in the key ECB interest rate is...

Oil: Tariff tensions build – ING

Oil prices experienced a modest recovery in early trading. However, downside risks persist due to potential further tariff increases by the US on...

Gold slides below $3,000 – ING

Gold prices experienced a decline on Monday, breaching the $3,000 per ounce mark. Despite its traditional safe-haven status, gold is currently subject to...

Forex Today: Tariff talks under scrutiny following volatile opening to week

Market participants are closely monitoring developments in global trade negotiations, initiated by US tariffs, amidst a light macroeconomic data calendar. The NFIB Business...

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