Monthly Archives: May 2025
Wall Street Extends Rally on UK-U.S. Trade Deal Optimism
Written on May 9, 2025 at 7:13 am, by
Key Takeaways: *U.S.-UK trade deals boost sentiment in Wall Street. *U.S. Initial Jobless Claims came soft, harming Wall Street risk appetite. All three major U.S. equity indices—Dow Jones, Nasdaq, and the S&P 500—closed higher in the latest session, continuing their upward trajectory. However, signs of waning momentum suggest the rally may be approaching a near-termContinue Reading
Chart the Market (08/05/2025)
Written on May 8, 2025 at 11:50 pm, by
GOLD_, H1: Gold prices are trending lower after a decisive breakout below both the short- and long-term moving average (MA) lines, suggesting increasing bearish pressure. The price is currently approaching the key support level at 3365.00. The MACD is showing rising bearish momentum, and the RSI is at 46, reinforcing a bearish bias as itContinue Reading
Pound Sterling Remain Solid, Awaits for BoE’s Rate Decision.
Written on May 8, 2025 at 11:47 pm, by
Key Takeaways: *British Pound Sterling remains strong against the G7 pairs, eyes on the BoE’s rate decision today. *PMI came below the 50 mark, hindering the Pound Sterling’s strength. Pound Struggles Near Highs as Dovish BoE Expectations Weigh on Sentiment The British pound has lost upward momentum after a recent bullish run, as dovish expectationsContinue Reading
