Live Updates

7 May 2025
Bessent expresses hope for a decline in the US debt-to-GDP ratio while addressing uncertainties

Federal cuts and tariffs aim to reduce U.S. debt, but uncertainty clouds actual financial outcomes and impacts.

7 May 2025
After gaining for two consecutive days, the Pound Sterling dipped against the US Dollar as attention shifted to central bank decisions

GBP/USD consolidates as traders await central bank decisions; UK-India deal, US-China talks boost sentiment.

7 May 2025
Alphabet’s stock plummets over 7.50% due to concerns about AI alternatives disrupting search behaviours

Alphabet stock drops 8.41% after Apple cites reduced search use; AI competition pressures Google’s core business.

7 May 2025
During North American trading, the EUR/USD remains steady around 1.1370 as the USD stabilises

EUR/USD steady near 1.1370; markets await Fed policy, ECB easing, and global trade developments impact sentiment.

7 May 2025
After a failed breakout, AUDUSD declines, testing critical support levels and influencing market direction

AUDUSD retreats after failed breakout, testing key support near 0.6460; further losses may target 0.6428 level.

7 May 2025
Crude oil stock changes in the US recorded -2.032M, exceeding forecasts of -2.5M

Crude oil inventories fell, US Dollar strengthened, gold dipped, crypto mixed, FOMC held rates steady.

7 May 2025
Apple’s VP revealed potential AI integration in search browsers, affecting stock prices for Google and Microsoft

Apple considers AI in search, impacting market—Google drops 4.5%, Microsoft down slightly, NASDAQ also falls.

7 May 2025
While markets dismiss the Fed’s impact, the US Dollar Index remains stable near 99.40

US Dollar Index steadies amid geopolitical tensions, Fed rate decision, with resistance near 100.22, support lower.

7 May 2025
Crude oil inventories decreased by 2.032 million, while gasoline and distillates showed varied trends

Crude oil stocks fell more than expected; gasoline stocks rose unexpectedly; oil prices approach key averages.

7 May 2025
As the Fed decision approaches, EUR/USD faces a critical juncture from conflicting economic indicators

EUR/USD consolidates near 1.1360; Fed decision and Eurozone data may trigger directional breakout soon.

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