Live Updates

    17 March 2025
    US Treasury Secretary Bessent hints at recession possibility, encouraging public acceptance of economic downturn

    US Treasury Secretary Scott Bessent warns of market declines, economic downturns, and Goldman Sachs lowers oil forecasts.

    17 March 2025
    The GBP/USD pair trades within a tight range near 1.2930, indicating limited downside risks

    GBP/USD struggles near 1.2930 amid weak UK GDP, USD softness, and anticipation of key central bank decisions.

    17 March 2025
    Finance ministers from the G7 nations will hold a virtual meeting ahead of the summit

    G7 finance ministers will meet virtually on March 17 before the June 15–17 summit in Kananaskis, Alberta.

    17 March 2025
    Francois Villeroy de Galhau, a member of the ECB, advocated for the Euro’s global prominence

    Euro should expand its global role, supported by a strong investment union to attract capital and enhance stability.

    17 March 2025
    Economists revised New Zealand’s near-term growth forecast, projecting -0.8% for 2025, improving to 2.1% thereafter

    New Zealand’s GDP is forecast to shrink by 0.8% before rebounding to 2.1% in 2026.

    17 March 2025
    According to Shanghai Securities News, China must carefully time its monetary policy easing actions

    China’s monetary policy balances economic support with risk, considering U.S. yield gaps, bank margins, and easing timing.

    17 March 2025
    The annual Rightmove House Price Index in the UK dropped to 1% from 1.4%

    UK house price growth slowed to 1% in March, down from 1.4%, reflecting weaker market conditions.

    17 March 2025
    Goldman Sachs indicates Brent crude’s decline reflects shifting market focus towards softer US economic growth

    Brent crude prices fell to $70 as market sentiment shifted, with US economic concerns outweighing supply risks.

    17 March 2025
    The UK’s Rightmove House Price Index increased from 0.5% to 1.1% month-on-month

    Rightmove House Price Index rises, AUD/USD stable, gold strong, and central banks’ decisions closely monitored.

    17 March 2025
    Speculative traders shifted to a long position on the euro, indicating increased bullish sentiment overall

    Speculative traders shift positions; euro, pound, and yen gain bullish momentum, while Australian, Swiss, and Canadian dollars struggle.

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