Forex Market

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 …

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 …

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 …

Gold prices climbed further in Asian trading on Thursday, continuing a strong upward trend fueled by rising demand for safe-haven assets amid deepening concerns over the United States’ fiscal outlook and lingering geopolitical tensions in the Middle East. Spot gold rose 0.7% to $3,338.04 an ounce, while June gold futures …

The US dollar plummeted to two-week lows on May 22, 2025, with the US Dollar Index (DXY) breaching the 100.00 mark, driven by fears over President Donald Trump’s deficit-bloating tax bill and a faltering US economy. As GBP/USD hit 1.3470 and gold topped $3,300, global markets braced for volatility. Experts …

The US House prepares to vote on President Donald Trump’s “One Big Beautiful Bill Act,” a sprawling tax and budget package set to add $3 trillion to $4 trillion to the $36 trillion US deficit over a decade. Despite internal Republican dissent, the bill’s hefty tax breaks and spending hikes …

The British pound climbed against the US dollar during the US session on May 22, 2025, with GBP/USD reaching 1.3419, up from 1.3392, driven by surging UK inflation and mounting concerns over America’s $36 trillion debt burden. UK consumer prices jumped to 3.5% in April, exceeding forecasts, while the US …

The Japanese yen rallied against the US dollar on May 21, 2025, with USD/JPY dropping to 143.61 from 144.50, defying the usual link between rising US Treasury yields and dollar strength. Fueled by Japan’s climbing bond yields and safe-haven flows amid Middle East tensions, the yen’s ascent reflects growing US …

The US House’s reconciliation bill, unveiled on May 12, 2025, targets foreign tax policies like the global minimum tax’s undertaxed profits rule (UTPR), digital services taxes (DSTs), and diverted profits taxes (DPTs) with punitive measures, risking over 80% of US foreign direct investment (FDI). As President Donald Trump’s administration pushes …

Gold held firm above $3,300 per ounce on May 21, 2025, trading at $3,307, driven by a US debt downgrade and escalating Middle East tensions. The US Dollar Index (DXY) fell 0.52% to 99.49, battered by Moody’s downgrade and fears over President Donald Trump’s $3.8 trillion tax bill. Despite a …