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Thursday, May 8, 2025

European Markets Wrap-Up: Trump: "Too late" Jerome Powell is a FOOL

Trump: "Too late" Jerome Powell is a FOOL

"Too Late" Jerome Powell is a FOOL, who doesn't have a clue. Other than that, I like him very much! Oil and Energy way down, almost all costs (groceries and "eggs") down, virtually NO INFLATION, Tarif... 

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BOE decision coming up next, a rate cut is widely expected

The two-minute delay is to commemorate VE Day, so just be wary of that. As for what to expect, here is what analysts are saying ahead of the decision (h/t @ MNI Markets): HSBC - 25 bps rate cut (8-1 v... 

Crude oil looks to be bottoming out as the first trade deals come into focus

Over the weekend, Reuters reported that OPEC+ was considering to further speed up oil production hikes as Saudi Arabia signalled it was unwilling to prop up the market any longer amid poor compliance... 

Trump says agreement with UK is a full and comprehensive one

"The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come. Because of our long ti... 

UK believed to have made concessions on food, agriculture in exchange for lower tariffs

It is reported that the UK has agreed to give some concessions on food and agriculture imports from the US in exchange for lower tariffs on autos. The details of the exchange are still unclear as of y... 

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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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