Live Updates

    6 May 2025
    During North American trading, the Pound Sterling rises close to 1.3390 against the US Dollar

    Pound strengthens ahead of BoE rate cut; GBP/USD rises as US Dollar weakens amid steady Fed policy.

    6 May 2025
    Buyers supported the S&P and Nasdaq indices near 50-hour moving averages, maintaining short-term control

    S&P 500 and Nasdaq found support at 50-hour moving averages, stabilizing declines despite modest selling pressure.

    6 May 2025
    The AUDUSD maintains support above the 100-hour MA, as bulls target recent highs.

    AUDUSD holds above key support zones, eyeing resistance near 0.6493; staying bullish above moving averages.

    6 May 2025
    Scott Bessent, US Treasury Secretary, mentioned negotiations are ongoing with 17 partners, excluding China

    U.S. trade talks advance without China; Dollar Index dips as tariff debates and economic strategies resurface.

    6 May 2025
    Economic optimism in the United States fell short of projections, registering at 47.9 rather than 50.2

    Economic optimism dips; Gold tops $3,400; AUD, EUR gain; Bitcoin reserves face resistance; Fed meeting nears.

    6 May 2025
    Canada’s Ivey PMI declined to 47.9, reflecting economic pressure from various factors, including tariffs

    Canadian Ivey PMI dropped to 47.9 in April, signaling weaker manufacturing and economic challenges ahead.

    6 May 2025
    The Japanese Yen strengthens amid global apprehension, causing a decline in USD/JPY trading levels

    USD/JPY weakens below 143.00 as safe-haven Yen gains amid trade tensions and Fed policy uncertainty.

    6 May 2025
    The USDCHF has been trading narrowly; traders anticipate a breakout as pressure mounts near averages

    USDCHF remains rangebound, facing resistance near moving averages; breakout above 0.8333 or below 0.8195 awaited.

    6 May 2025
    The Ivey Purchasing Managers Index for Canada reached 47.9, falling short of the 51.2 expectation

    Gold rises above $3,400; AUD/USD nears resistance; global central banks prepare for key rate decisions.

    6 May 2025
    India’s Prime Minister Modi announces a new trade agreement, unexpectedly finalised with the UK instead

    India finalizes significant trade deal with UK, surprising expectations of a potential agreement with the United States.

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