Market Update

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 …

The Dow Jones Industrial Average (DJIA) cratered 800 points on May 21, 2025, sliding below 42,000 as investors grappled with soaring US deficits and tariff uncertainties under President Donald Trump. Closing at 21.161, per real-time data, the index reflects growing unease over a $36 trillion debt pile and fading hopes …

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 …

Oil prices dipped on May 21, 2025, with Brent crude falling to $65.26 per barrel and WTI crude to $61.94, following a bearish US government report showing unexpected inventory builds. Despite earlier gains driven by fears of Middle East supply disruptions, the data cooled market optimism ahead of the US …

The US economy faces a grim outlook despite a fleeting US-China trade truce, with deficits soaring and inflation stubbornly high as of May 21, 2025. A Reuters poll reveals unanimous concern over President Donald Trump’s policies, which threaten to deepen fiscal strain following Moody’s downgrade of US sovereign debt. Growth …

U.S. stock index futures extended their losses early Wednesday, reflecting mounting investor anxiety over the state of the U.S. economy, the implications of fresh trade frictions, and uncertainty surrounding President Donald Trump’s proposed tax legislation. At 05:30 ET (09:30 GMT), Dow Jones Futures dropped 265 points, or 0.2%, while S&P …