May 29, 2025
Sterling steady against the dollar as economic data
Sterling was steady against the dollar, hovering near Monday’s three-year high, as it continued to be supported by favourable economic data last week as well as Britain’s recent trade deals. The Pound-Dollar pair fell 0.3% in the last session. The Stochastic-RSI is giving a negative signal.Support: 1.3362 | Resistance: 1.3581
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May 29, 2025
Oil gains on supply concerns, investors await July output decision
Oil prices gained on supply concerns as OPEC+ agreed to leave their output policy unchanged and as the U.S. barred Chevron from exporting Venezuelan crude. Investors previously anticipated members of OPEC+ would agree to a production increase later this week. The Oil-Dollar pair gained 0.6% in the last session after rising as much as 1.3% […]
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May 28, 2025
US stocks end sharply higher on Trump’s tariff reprieve
Wall Street surged as investor risk appetite was buoyed by Trump’s latest tariff respite and an unexpected jump in consumer confidence. A rally sent all three major U.S. stock indexes higher, with strength in the AI-related “magnificent seven” group of stocks putting Nasdaq out front.
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May 28, 2025
Tesla’s stock exploded 6.4%
Tesla’s sales in Europe fell 49% in April from a year earlier, even though battery-electric car sales rose 27.8%, as the U.S. EV maker’s upgrade of its Model Y shows little sign of reviving the brand’s fortunes in the region. Tesla’s stock rose 6.4% following a 4.4% intra-session dip. The MACD’s is giving a negative […]
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May 28, 2025
Dollar gains, yen slips as Japanese yields tumble
The dollar strengthened as the yen came under pressure from a sharp fall in Japan’s long-dated bond yields, while the greenback was boosted by data improving U.S. consumer confidence. After a 1.6% dip during the last session, the Dollar-Yen pair closed with a 1.2% gain. The Stochastic-RSI indicates an overbought market.Support: 140.48 | Resistance: 147.46
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May 27, 2025
Stocks and euro jump on Trump EU tariff delays
Global markets climbed and the euro rallied after U.S. President Donald Trump kicked his threat to slap 50% tariffs on European Union goods into July, marking another temporary trade policy reprieve.
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