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Monthly Archives: May 2025

The PBOC governor announced a 25 bps reduction in structural policy tool interest rates and banks’ deposits

Written on May 7, 2025 at 8:16 am, by

PBOC cuts key rates, guiding banks to lower deposits amid global uncertainties and economic slowdown concerns.

The pair hovers around 1.1360, showing bullish potential as it tests support near 1.1350

Written on May 7, 2025 at 8:11 am, by

EUR/USD shows bullish momentum above 1.1320 EMA, eyeing 1.1573 resistance within an ascending channel pattern.

In Saudi Arabia, gold prices have decreased, based on recently compiled data from reliable sources

Written on May 7, 2025 at 7:40 am, by

Gold prices in Saudi Arabia dropped as global market trends and currency shifts influence local valuation rates.

In Australia, Santos’s CEO reported 200 wells submerged by flooding, leading to a 15% decline in production

Written on May 7, 2025 at 7:16 am, by

Flooding in Australia’s Cooper Basin submerges 200+ wells, cutting Santos’ production by 15 percent.

In the Philippines, gold prices declined today based on gathered data.

Written on May 7, 2025 at 7:10 am, by

Gold prices in the Philippines fell, influenced by global market conditions, currency strength, and geopolitical tensions.

The April Services PMI for Japan exceeded predictions, coming in at 52.4 rather than 52.2

Written on May 7, 2025 at 6:40 am, by

Japan’s services grow, USD strengthens on trade optimism, gold dips, Bitcoin nears resistance, central banks await.

The Chief of the People’s Bank of China, Pan Gongsheng, will hold a press conference soon

Written on May 7, 2025 at 6:16 am, by

PBOC Governor Pan Gongsheng to speak; major financial updates expected from China’s key regulators.

The EUR/USD pair lingered around the 1.1300 mark as traders anticipated pivotal Fed developments

Written on May 7, 2025 at 6:10 am, by

EUR/USD steadies near 1.1300 as traders await Fed decision; markets watch for rate-cut signals.

Progress has been made in US-UK trade talks on steel and autos, but timing remains uncertain

Written on May 7, 2025 at 5:45 am, by

US-UK trade talks advance on steel and vehicles; timeline unclear amid tariff and regulatory uncertainties.

The Labour Cost Index in New Zealand reported a quarterly increase of 0.4%, missing forecasts

Written on May 7, 2025 at 5:40 am, by

New Zealand’s Labour Cost Index rose 0.4% in Q1, slightly below the expected 0.5% increase.

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