Monthly Archives: May 2025
Gold Inches Higher as US Fiscal Woes, Russia-Ukraine Escalation
Written on May 27, 2025 at 4:05 am, by
Key Takeaways: *Safe-haven demand for gold rises as US debt concerns and intensifying Russia-Ukraine conflict rattle investor sentiment. *The US dollar falls to a five-week low, with markets awaiting clarity on the government’s new spending bill. *Geopolitical risk escalates as Ukraine reports record drone strikes and Western allies lift weapon range limits. Market Summary: GoldContinue Reading
Sterling Rallies as UK Inflation Surges, Dimming Rate Cut Bets
Written on May 27, 2025 at 4:05 am, by
Key Takeaways: *UK inflation rose to its highest level in a year, with core CPI at 3.8% and services inflation hitting 5.4%, both exceeding expectations.Food inflation climbed for the fourth consecutive month, driven by wage and tax pressures on supermarkets. *Traders scale back BoE rate cut bets, pricing in only a 50% chance of aContinue Reading
Chart the Market (26/05/2025)
Written on May 26, 2025 at 6:02 am, by
GBP/USD, H4: The British pound extended its bullish run against the U.S. dollar, with GBP/USD hitting 1.35797 on May 26—the highest level since February 2022. The rally follows the completion of an inverse head-and-shoulders formation, confirmed by a decisive breakout above the neckline in mid-May. After a brief consolidation phase, the pair cleared a criticalContinue Reading
