News
Important Only
Technical Analysis
GBP/USD slides as Fed holds rates, flags rising inflation, growth uncertainty
The GBP/USD extended its losses on Wednesday after the Federal Reserve decided to keep interest rates unchanged as expected, with most eyes set on Fed Chair Jerome Powell's press conference. At the time of writing, the pair trades near 1.3331, down more than 0.20%.
Fxstreet
Wed, May 7
Cryptocurrencies
$0.025 Altcoin Expected To Replace Solana (SOL) And Dogecoin (DOGE) In Portfolios
Mutuum Finance (MUTM) is surging through its presale, raising $7.6 million and attracting 9,500 holders with 443 million tokens sold. Priced at $0.025 in phase 4, this decentralized finance project is drawing intense interest from investors seeking alternatives to Solana (SOL) and Dogecoin (DOGE). Its structured lending model and innovative tokenomics position it as a […]Cryptopolitan
Wed, May 7
Stocks
US STOCKS-Equities lose ground after Fed keeps rates unchanged
Fed's keeps rates unchanged, as expectedIndexes: Dow up 0.03%, S&P 500 down 0.49%, Nasdaq down 1.03%By Chuck Mikolajczak NEW YORK, May 7 (Reuters) - U.S. stock prices retreated on Wednesday after the Federal Reserve kept interest rates unchanged, but the Dow was able to cling to sligh...Reuters
Wed, May 7
Stocks
LIVE MARKETS-Fed holds steady, cites risks; stocks weaken
Dow now slightly green, S&P 500 dips, Nasdaq down ~0.7%FOMC leaves rates unchangedCites risk of higher inflation and unemploymentComm Svcs weakest S&P 500 sector; Healthcare leads gainersDollar ~flat; gold off ~1%; crude off >1.5%; bitcoin up ~2%US 10-Year Treasury yield falls to ~4.27%We...Reuters
Wed, May 7
Technical Analysis
Gold price slips as Fed holds rates, warns of heightened inflation
Gold price remains on the back foot after the Federal Reserve kept interest rates unchanged. The XAU/USD trades at $3,394, down over 1%, as traders brace for Fed Chair Jerome Powell's press conference.
Fxstreet
Wed, May 7
Other
Trump signals US might ease chip export curbs on some Gulf countries
By Jeff MasonWASHINGTON, May 7 (Reuters) - President Donald Trump said on Wednesday he will soon have an announcement on whether the U.S. will ease microchip export restrictions to some Gulf countries. "We might be doing that, yeah," Trump said. "And it will be announced soon."Trump ...Reuters
Wed, May 7
Cryptocurrencies
What to Watch in the Day Ahead - Thursday, May 8
On the U.S. economic front, a report from the Labor Department is expected to show that initial jobless claims have likely decreased by about 11,000 to 230,000 for the week ending May 3. Continued claims for state unemployment benefits likely decreased to 1.886 million for the week ended April 26 fr...Reuters
Wed, May 7
Other
World Central Kitchen halts work in Gaza as supplies run out
May 7 (Reuters) - World Central Kitchen announced in a post on X on Wednesday it has halted work in the Gaza Strip as they ran out of supplies, adding that their work cannot continue without permission from Israel for aid to enter.Reuters
Wed, May 7
Forex
Brazil April trade surplus dips 3.3%, in line with expectations
BRASILIA, May 7 (Reuters) - Brazil's trade surplus dipped slightly by 3.3% in April from a year earlier, official data showed on Wednesday, but came in broadly in line with market expectations.The trade surplus for Latin America's largest economy totaled $8.2 billion, compared with a forecas...Reuters
Wed, May 7
Other
Rockwell Automation Says Based On Currently Enacted Tariffs, Estimate Cost Exposure To Be About $125 Mln For H2 2025
May 7 (Reuters) - Rockwell Automation Inc ROK.N:ROCKWELL AUTOMATION: BASED ON CURRENTLY ENACTED TARIFFS, ESTIMATE COST EXPOSURE TO BE ABOUT $125 MILLION FOR H2 2025 - FILINGSource text: [ID:n0001024478-25-000035]Reuters
Wed, May 7
Other
Loncor Gold Announces Upsize Of Brokered Private Placement For Gross Proceeds Of Up To C$8.0 Mln
May 7 (Reuters) - Loncor Gold Inc LN.TO:LONCOR GOLD INC: ANNOUNCES UPSIZE OF BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF UP TO C$8.0 MILLIONSource text: [ID:n0001062993-25-008733]Reuters
Wed, May 7
Stocks
Why Disney Stock Is Soaring Today
Shares of Walt Disney (NYSE: DIS) are soaring on Wednesday. The company's stock gained 10.6% as of 1:44 p.m. ET, and gained as much as 12.1% earlier in the day. The leg up comes as the S&P 500 (SNPINDEX: ^GSPC) gained 0.2% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 0.2% on the day.The compan...The Motley Fool
Wed, May 7
Other
EFM Signs Deal With Microsoft For Purchase Of Nature-Based Carbon Removals And Fund Investment
May 7 (Reuters) - EFM:EFM SIGNS DEAL WITH MICROSOFT FOR PURCHASE OF NATURE-BASED CARBON REMOVALS AND FUND INVESTMENTEFM: DEAL INCLUDES OFFTAKE AGREEMENT FOR DELIVERY OF UP TO 700,000 CREDITS THROUGH 2035EFM: MICROSOFT'S CLIMATE INNOVATION FUND INVESTED IN EFM FUND IVReuters
Wed, May 7
Other
Obsidian Energy Sees 2025 H1 Production 33,600 – 34,000 BOE/d
May 7 (Reuters) - Obsidian Energy Ltd OBE.TO:OBSIDIAN ENERGY LTD: OUTLOOK 2025 H1 PRODUCTION 33,600 – 34,000 BOE/DOBSIDIAN ENERGY LTD: OUTLOOK H1 2025 FFO PER SHARE $2.23OBSIDIAN ENERGY LTD: OUTLOOK Q2 2025 FFO PER SHARE $0.86OBSIDIAN ENERGY LTD: QTRLY FFO PER SHARE $1.31Source text: [ID:n0000950170...Reuters
Wed, May 7
Cryptocurrencies
ZachXBT discovers another $45M drained from Coinbase users in the past week
ZachXBT discovered $45M in personal losses from Coinbase accounts, with all of the attacks happening in the span of a week. Coinbase users have previously lost tens of millions due to social engineering attacks.Cryptopolitan
Wed, May 7
Economic Indicator
TREASURIES-US yields extend fall after Fed flags inflation, unemployment risks
NEW YORK, May 7 (Reuters) - U.S. Treasury yields extended their fall on Wednesday after the Federal Reserve held interest rates steady, as expected, but noted the risk of higher inflation and unemployment has increased."Uncertainty about the economic outlook has increased further," the Feder...Reuters
Wed, May 7
