Live Updates

8 May 2025
Trump announced a trade deal with the UK to enhance imports, boost access, and create jobs

UK fast-tracks US imports, boosts trade in beef, ethanol, steel, and secures pharma supply chain.

8 May 2025
As traders anticipate a crucial report and Trump’s trade deal, the Canadian Dollar weakens against the US Dollar

USD/CAD rises as Canadian Dollar weakens; markets await BoC review and potential US-UK trade deal.

8 May 2025
Tesla and Google excel while the healthcare sector struggles amid a mixed US stock market

Tech and consumer sectors rise with Tesla, Google gains; healthcare declines, prompting cautious optimism and diversification.

8 May 2025
The US Department of Labor reported a decrease in initial jobless claims to 228K applications

US unemployment claims fell to 228,000, with continuing claims down and the dollar maintaining strength.

8 May 2025
US trade deals may impose a 10% tariff floor, prompting potential retaliations from other countries

Upcoming U.S. trade deals may maintain 10% tariffs, raising concerns over stalled talks and retaliation.

8 May 2025
Following the Bank of England’s announcement, the Pound Sterling rises, causing EUR/GBP to drop near 0.8470

EUR/GBP falls to 0.8470 as Pound rises; BoE cuts rates, lifts GDP forecast amid trade tensions.

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.

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