Pound Soars to Highest Level Since February 2022The GBP/USD pair surged past 1.3500, reaching 1.3538 on Friday, May 23, 2025, marking its highest level since February 2022 and gaining nearly 0.80% during the U.S. trading session. The pound’s rally was fueled by a combination of strong UK retail sales data …
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Federal Reserve Governor Dr. Lisa Cook, speaking at a New York University event, observed that the U.S. economy exhibited strength in the first quarter. However, she highlighted emerging signs of strain in critical sectors, particularly housing and commercial real estate. While bond markets remained stable and functional during April’s trade-driven …
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Trump’s Tariff Threat Triggers Euro DeclineThe EUR/JPY pair dropped sharply to near 161.00, a one-month low, during North American trading on Friday, May 23, 2025, driven by a weakening Euro (EUR). The slide followed a post by U.S. President Donald Trump on Truth.Social, where he threatened to impose a 50% …
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The U.S. dollar extended losses on Friday, putting it on track for its worst weekly performance since early February, as concerns over Washington’s mounting fiscal risks deepened following the House’s approval of President Donald Trump’s sweeping tax and spending bill. At 05:00 ET (09:00 GMT), the Dollar Index — which …
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U.S. stock index futures held steady in early trading Friday, following a volatile week dominated by fiscal concerns and political wrangling in Washington. At 05:55 ET (09:55 GMT), Dow Jones Futures edged down 10 points (-0.1%), while S&P 500 Futures inched up 3 points (+0.1%), and Nasdaq 100 Futures gained …
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The US economy teeters on the brink of stagflation—surging inflation, stagnant growth, and rising unemployment—driven by President Donald Trump’s $3.8 trillion tax bill, passed by the House on May 22, 2025, and now awaiting Senate approval. With a $36.2 trillion debt pile, Moody’s Aa1 downgrade, and tariff-driven price hikes, markets …
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USD/JPY snapped a three-day slide on May 22, 2025, climbing 0.20% to 143.96 from a daily low of 142.80, as traders locked in profits on the yen’s safe-haven surge. Easing US Treasury yields and a slight dollar rebound countered fears over America’s $36 trillion debt pile, inflamed by President Donald …
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Gold prices slid below $3,300 on May 22, 2025, trading at $3,289, down 0.83% from a two-week high of $3,345, as the US dollar rebounded after the House passed President Donald Trump’s $4 trillion deficit-heavy budget. Strong US PMI data and easing unemployment claims further dented gold’s safe-haven appeal, despite …
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On May 22, 2025, USD/CAD held steady near 1.3886, buoyed by Canada’s faltering economic data despite the US dollar’s broader woes. With Canada’s factory prices plunging and the US grappling with a $36 trillion debt pile, the pair resists sharp declines. Experts warn that the Bank of Canada (BoC) and …
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Oil prices extended losses on Thursday, pressured by rising concerns over a potential increase in global supply and weaker-than-expected demand data from the United States. The latest downturn reflects renewed anxiety that the crude market may face a period of oversupply heading into the summer months. At 04:55 ET (08:55 …
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