Bank of England cuts rates by 25 basis points as widely expected
The Bank of England cut its main interest rate by 25 basis points from 4.50% to 4.25% on its May monetary policy meeting on Thursday, which was also the first policy meeting after President Trump announcement of large packages of trade…
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Cable – key support zone remains under pressure ahead of US-UK trade deal announcement / BOE…
Cable holds in red on Thursday and pressuring key support zone after overnight’s 0.5% jump on news of possible US/UK trade deal, was quickly reversed.
The US President Trump is expected to announce the details of initial trade deal with…
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USDJPY recovers part of recent losses ahead of Fed
USDJPY edged higher on Tuesday on partial profit-taking from strong drop in past three days (the pair was down 2%).
Bounce was so far limited (retraced slightly above 23.6% of 145.92/42.35 bear-leg), with mixed technical studies (daily…
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Why the Fed’s Comments Today Matter More Than the Rate Decision
May 7, 2025
Markets widely expect the U.S. Federal Reserve to hold interest rates steady today — but all eyes are on what they say, not what they do.
According to CME Group data, there’s a 95%+ chance that rates will remain in the…
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EURGBP falls to one month low on fresh political tremors from Germany
EURGBP lost ground on Tuesday after surprise failure of Germany’s Merz to win support from parliament to become a chancellor on the first round of voting.
The pair fell to one-month low and dented strong supports at 0.8480 (Fibo 61.8% of…
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Gold – renewed safe haven demand lifts gold price further
Gold extends strong recovery into second consecutive day and hit two week high on Tuesday, as fresh extension higher cracks Fibo 61.8% of $3500/$3201 pullback ($3286) and near psychological $3400 barrier.
Fresh rise in safe haven demand…
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US service sector accelerated well above expectations in April – PMI
The data released on Monday showed that growth in US services sector accelerated in April, driven by rise in orders and prices paid by businesses for materials and services, which spiked to the highest in over two years.
The ISM…
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Gold – strong bounce generates initial reversal signal
Gold jumped over 2% on Monday, lifted by weaker dollar and persisting uncertainty over US-China trade conflict that revived safe-haven demand.
Strong bounce followed repeated failure to register clear break of strong support at $3228…
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Oil prices tumble on Monday as OPEC+ increases production again
WTI oil opened with $2 gap lower on Monday and hit the lowest since Apr 9, after OPEC+ over the weekend announced decision to further increase oil production by 411K bpd from June.
This marks the third consecutive output increase which…
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US nonfarm payrolls were marginally lower in April but above consensus
US nonfarm payrolls increased by 177K jobs in April, compared to a downwardly revised 185K in March (from initial 228K), and beat forecast for increase by 138K.
April data showed a marginal slowdown in the US labor sector last month,…
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