Trump plans a balanced budget, a $5M Gold Card visa, energy expansion, Ukraine collaboration, and new tariffs.
GBP rises broadly except against USD; BoE’s Dhingra signals rate cuts. USD weakens as Treasury yields drop.
Trade growth slowed; US tariffs may boost the dollar, affecting UK prices. Inflation control remains essential.
BP refocuses on oil, cutting costs, reducing capex, divesting assets, trimming buybacks, and aiming for higher shareholder returns.
GBPUSD fluctuates near 100-day MA, testing 1.2690; support at 1.2607 holds, signaling short-term buyer strength.
Gold trades near $2,910 after a decline, with potential risks and key resistance at $2,918 and $2,948.
US crude inventories fell 2,332K against expectations, while gasoline and distillates rose, signaling mixed market conditions.
Mortgage applications fell 1.2%. Gold surpassed $2,900. Bitcoin stays near $87,000. Inflation in France is easing.
EURUSD fluctuated between key technical levels, testing highs before dropping below the 100-hour moving average, approaching support.
Lowe’s shares rose 2.5% despite housing market struggles, forecasting flat to slight sales growth in 2025.
