May 5 2025, 13:18 Oil prices plunged more than $2 a barrel in Asian trade on Monday as OPEC+ prepared to further accelerate oil output increases, stoking concerns about more supply coming into a market clouded by an uncertain demand outlook. Brent crude futures fell $2.21, or 3.61%, to $59.08 a barrel by 0653 GMT…
May 5 2025, 12:27 The GBP/USD pair strengthened to around 1.3290 during the early European session on Monday (05/05). The US dollar (USD) weakened against the British pound (GBP) amid rising economic uncertainties following US President Donald Trump’s erratic trade policies. According to the daily chart, the bullish outlook for GBP/USD remains intact, as the…
May 5 2025, 12:32 Silver (XAG/USD) prices halted a four-day decline, trading near $32.10 during the Asian session on Monday (05/05). The precious metal regained ground as ongoing uncertainty surrounding US-China trade talks fueled safe-haven demand. On Friday, China’s Ministry of Commerce said it was considering a proposal from the United States (US) to resume…
May 5 2025, 13:05 The USD/CHF pair struggled to capitalize on Friday’s US jobs data-led uptick from the 0.8200 level and attracted fresh sellers at the start of a new week. However, the spot prices remained confined within a familiar range for the past two weeks and are currently trading around the 0.8235-0.8230 region, down…
