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Thursday, May 8, 2025

American Market Recap: UK official: Deal with US is not a finished trade agreement, but it is substantive

UK official: Deal with US is not a finished trade agreement, but it is substantive

A UK Official is commenting on the US/UK trade deal: Deal with the US is not a finished trade agreement, but it is substantive We have got more serious work to do. On sectorial up front, there are vit... 

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VP Vance:US would walk away from Russia/Ukraine talks if Russia not engaging in good faith

US VP Vance: US would walk away from Russia/Ukraine talks if Russia not engage in good faith Trump is right about Jerome Powell. Powell way too late in helping fight back against some trade deals Mean... 

White House weighing plan to slash China tariffs to as low as 50% - report

The New York Post reports that the US is weighing a plan to slash China tariffs to as low as 50% next week from 145%. "US officials are discussing a proposal to lower President Trump's punishing levy... 

GBPUSD has quite an up-and-down ride

GBPUSD technicals The Bank of England cut its benchmark rate by 25 basis points, as widely expected, but the surprise came in the vote split. The decision passed with a 7-2-0 vote, falling short of th... 

White House Navarro: To the EU, retaliation is a mistake

White House Navarro is saying: UK deal offers template on how they are going to proceed. Going to take good care of Boeing US – UK digital services terms still in negotiations. They will have an alter... 

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Latest Forex Orders

FX option expiries for 8 May 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.1300 level. It isn't one that ties to any technical significance though, so the impact might not... 

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