Live Updates

6 May 2025
According to ING’s Warren Patterson, declining oil prices will lead to reduced drilling activity in the US

Falling oil prices reduce drilling, impacting US production and natural gas supply amid rising LNG export demand.

6 May 2025
Analysts from UOB Group predict NZD/USD will oscillate between 0.5930 and 0.5980, long-term range 0.5890/0.6005

NZD likely holds between 0.5930–0.5980 short-term; potential retest of 0.6030 if 0.5890 holds.

6 May 2025
Schlegel indicated negative interest rates remain a possibility, though they are generally unpopular among citizens

SNB’s Martin Schlegel signals possible return of negative interest rates amid expectations of lower Swiss inflation.

6 May 2025
An aggressive supply increase by OPEC+ indicates a policy shift, prompting lower oil forecasts by ING

OPEC+ boosts oil supply again; Saudi Arabia leads amid price drops, fiscal strain, and market uncertainty.

6 May 2025
The EU Trade Commissioner announced proposed zero tariffs on industrial goods while pursuing trade discussions

EU Trade Commissioner proposes zero tariffs on industrial goods to boost talks, especially with India.

6 May 2025
The Taiwanese dollar’s remarkable surge, alongside other Asian currencies, has caught ING’s attention

Taiwan dollar surges amid trade speculation; USD weakens as markets eye Fed’s stance on rate cuts.

6 May 2025
Spain’s April services PMI declined to 53.4, with reduced new work and weakened growth prospects

Spain’s service sector slows; PMI drops, costs rise amid tariffs. Optimism wanes despite workforce expansion.

6 May 2025
The USD/CAD pair is currently around 1.3820, exhibiting a bearish trend within a descending channel

USD/CAD shows bearish momentum near 1.3800 support; potential breakout could signal further downside or recovery.

6 May 2025
European indices began the day with minimal fluctuations, while markets await further trade news

European markets steady; S&P 500 futures dip 0.3% amid trade uncertainty and investor caution.

6 May 2025
A downward trend for GBP against USD seems probable, with 1.3230 being an unlikely target

GBP shows downward bias against USD; further pullback possible, but major support breach remains uncertain near-term.

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