Monthly Archives: May 2025
Chart the Market (08/05/2025)
Written on May 8, 2025 at 11:50 pm, by
GOLD_, H1: Gold prices are trending lower after a decisive breakout below both the short- and long-term moving average (MA) lines, suggesting increasing bearish pressure. The price is currently approaching the key support level at 3365.00. The MACD is showing rising bearish momentum, and the RSI is at 46, reinforcing a bearish bias as itContinue Reading
Pound Sterling Remain Solid, Awaits for BoE’s Rate Decision.
Written on May 8, 2025 at 11:48 pm, by
Key Takeaways: *British Pound Sterling remains strong against the G7 pairs, eyes on the BoE’s rate decision today. *PMI came below the 50 mark, hindering the Pound Sterling’s strength. Pound Struggles Near Highs as Dovish BoE Expectations Weigh on Sentiment The British pound has lost upward momentum after a recent bullish run, as dovish expectationsContinue Reading
Wall Street Rally Pause on Fed’s Hawkish Monetary Policy
Written on May 8, 2025 at 11:46 pm, by
Key Takeaways: *Wall Street sentiment buoyed by U.S.-China trade talk. *Fed’s hawkish approach hinders the S&P from reaching higher. S&P 500 Rally Stalls Near Recent Highs as Market Awaits Trade Talk Clarity The S&P 500 has advanced nearly 5% after breaking out of an asymmetric triangle formation, signaling strong upward momentum in recent sessions. However,Continue Reading
