May 14 2025, 11:21 GBP/USD traded around 1.3300 during the Asian session on Wednesday (5/14), steadying after posting more than 1% gains in the previous session. However, the pair’s gains may be limited as the British Pound (GBP) faces headwinds from declining employment and slowing wage growth in the UK, factors that could strengthen expectations…
May 14 2025, 12:34 Gold fell on Wednesday as a de-escalation in US-China trade tensions dampened safe-haven demand, while markets eyed another batch of inflation data to gauge the Federal Reserve’s policy path. Spot gold was down 0.7% at $3,226.11 an ounce, as of 0430 GMT. US gold futures were down 0.6% at $3,229.50. “The…
May 13 2025, 10:08 Hong Kong shares plunged 343 points, or 1.5%, to 23,205 during the morning session on Tuesday, ending an eight-day winning streak as investors locked in profits after the Hang Seng hit a 1-1/2-month high. U.S. futures also edged lower ahead of a key inflation report. At the same time, concerns over…
May 13 2025, 06:52 Gold steadied after a sharp selloff as a major de-escalation in US-China trade tensions hurt demand for safe-haven assets. Bullion traded near $3,237 an ounce — after falling 2.7% on Monday — with investors betting on a recovery in stocks and riskier assets. The world’s largest economies agreed to a temporary…
May 13 2025, 05:24 Oil prices rose about 1.5% to settle at a two-week high on Monday, after the U.S. and China agreed to temporarily slash tariffs, raising hopes of an end to the trade war between the world’s two biggest economies. Brent crude futures rose $1.05, or 1.6%, to settle at $64.96 a barrel….
May 13 2025, 10:33 USD/JPY weakened after posting a more than 2% gain in the previous session, trading around 147.90 during Asian trading hours on Tuesday (5/13). The currency pair depreciated as the Japanese Yen (JPY) strengthened despite lingering uncertainty over the Bank of Japan (BOJ) interest rate outlook. BOJ Vice Governor Shinichi Uchida acknowledged…
