Live Updates

8 May 2025
Following a recent dip, USDCAD rallies towards key resistance, creating potential for bullish movement

USDCAD climbs post-FOMC, testing key resistance at 1.3904 with bullish momentum and strong support below.

8 May 2025
Initial Jobless Claims in the United States were reported at 228K, under the expected 230K

U.S. initial jobless claims hit 228,000 in early May, slightly below expectations, signaling economic steadiness.

8 May 2025
The UK FTSE 100 declines as trade deal expectations disappoint, with tariffs remaining unchanged

UK-US trade deal disappoints; FTSE dips as vague terms keep tariffs on steel, autos, and tech.

8 May 2025
Unit Labour Costs in the United States exceeded expectations, recorded at 5.7% instead of 5.3%

US labor costs rose sharply, strengthening the dollar; gold dipped, GBP/USD and EUR/USD declined, XRP surged.

8 May 2025
The 4-week average of initial jobless claims in the US rose to 227K from 226K

US jobless claims rise, GBP and EUR fall on dollar strength; gold dips, XRP gains on crypto optimism.

8 May 2025
The USDCHF fluctuates within established boundaries, with pivotal levels influencing market sentiment and direction.

USDCHF trades sideways between key resistance and support; moving averages suggest a neutral market outlook.

8 May 2025
Andrew Bailey, Governor of the Bank of England, expressed support for US-UK trade deals and rate cuts

Bank of England cuts rate to 4.25%, signals gradual easing amid inflation, wage pressures, and uncertainties.

8 May 2025
A report indicates that the 10% tariff remains unchanged in the US-UK trade agreement

US-UK trade deal keeps 10% tariff; focuses on automotive, steel sectors with potential future changes.

8 May 2025
Core inflation in Mexico reached 0.49%, surpassing the anticipated rate of 0.47%

Mexico’s core inflation rises slightly; strong US dollar impacts forex, gold; XRP gains amid crypto optimism.

8 May 2025
Preliminary US Q1 unit labour costs rose 5.7%, while productivity experienced a decline of 0.8%

Unit labour costs rose 5.7% while productivity fell 0.8%, signaling potential inflationary pressures ahead.

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