logo
♉ Taurus: Daily Horoscope for August 5th, 2025

♉ Taurus: Daily Horoscope for August 5th, 2025

UAE Moments12 hours ago
Today, dear Taurus, the Universe invites you to root yourself in the present moment. With the Moon shifting from Sagittarius to Capricorn and forming tense aspects with Mars, Saturn, and Neptune, you may feel a tug-of-war between your desire for stability and the unpredictable demands of the day.
Love Horoscope
In love, Taurus, your loyal and devoted nature shines, but today you might feel a bit more sensitive to your partner's moods or the energy in your relationships. The lunar squares can stir up misunderstandings or make you crave reassurance. Remember, a gentle touch or a sincere compliment can work wonders. If you're single, don't rush—let connections unfold naturally. Sometimes, the most magical moments happen when you least expect them, like a spontaneous laugh shared over spilled coffee. Stay open to surprises and let your heart lead with kindness.
Career Horoscope
At work, the cosmic energies highlight your legendary endurance, but also test your patience. You may encounter unexpected challenges or feel pressure to make quick decisions—something that doesn't come naturally to you. Instead of resisting, try to see these moments as opportunities to learn flexibility. For example, if a project changes last minute, approach it as a chance to showcase your adaptability. Remember, your steady approach is your superpower, but a dash of improvisation can turn a stressful situation into a creative breakthrough.
Finance Horoscope
Financially, Taurus, today is a day for careful observation rather than bold moves. The planetary squares suggest that unexpected expenses or confusing information could arise. Before making any purchases or investments, take a step back and review the facts—your natural caution is your best ally. If you feel tempted by an impulse buy, pause and ask yourself if it truly brings value to your life. Sometimes, the greatest abundance comes from appreciating what you already have, like finding a forgotten bill in your coat pocket or repurposing something old in a new way.
Health Horoscope
Your well-being today depends on your ability to listen to both your body and your spirit. The Moon's transitions may stir up restlessness or minor anxieties. Combat this by grounding yourself in simple pleasures: a nourishing meal, a favorite song, or a few deep breaths by an open window. If you feel overwhelmed, try a playful activity—dancing in your kitchen or doodling on a notepad. These small acts of joy can help you reconnect with your inner peace and remind you that happiness often hides in the little things.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Fed's Daly says time is nearing for rate cuts, may need more than two
Fed's Daly says time is nearing for rate cuts, may need more than two

Zawya

time38 minutes ago

  • Zawya

Fed's Daly says time is nearing for rate cuts, may need more than two

San Francisco Federal Reserve Bank President Mary Daly on Monday said that given mounting evidence that the U.S. job market is softening and no signs of persistent tariff-driven inflation, the time is nearing for interest rate cuts. "I was willing to wait another cycle, but I can't wait forever," Daly said of the Fed's decision last week to leave short-term borrowing costs in their 4.25%-4.50% range rather than cut them, as a couple of her colleagues wanted and as President Donald Trump has demanded. While that doesn't mean a September rate cut is a lock, she said, "I would lean to thinking that every meeting going forward is a live meeting to think about these policy adjustments." The two quarter-point interest-rate cuts that Fed policymakers back in June penciled in for this year still "look to be an appropriate amount of recalibration, and less important is, does it happen in September and December than does it happen at all kinds of permutations to get those two cuts." Daly said there is still plenty of data including a couple of labor market and inflation reports due out before the Fed's policy-setting meeting, in September, and she's keeping an open mind. "We of course could do fewer than two (rate cuts) if inflation picks up and spills over or if the labor market springs back," Daly said. But "I think the more likely thing is that we might have to do more than also should be prepared in my judgment to do more if the labor market looks to be entering that period of weakness and we still haven't seen spillovers to inflation." A Labor Department report Friday showed U.S. employers added just 73,000 jobs last month, and massive revisions to previously reported data showed only 33,000 jobs were added in the two prior months. Those figures, to Daly's mind, don't mean the job market is precariously weak - in times of economic flux, she said, raw employment numbers are often less informative than ratios like the unemployment rate, which ticked up just a tenth of a percentage point in July to 4.2%. Still, she said, looking at a broad dashboard of labor-market measures, there is "evidence after piece of evidence" that the labor market is softening quite a bit compared to last year. "I would see further softening as an unwelcome result," she said. "I'm comfortable with the decision we made in July, but I am increasingly less comfortable with making that decision again and again." At the same time, she said, there's no evidence that tariff-driven price increases are seeping more broadly into inflation, and if the Fed waits long enough to be certain it won't -- a process that could take six months or a year, she said - the Fed will "for sure" be too late to move. The Fed is approaching a "tradeoff space where you are trying to make a judgment about where does policy need to be to continue to put downward pressure on inflation, and where does it need to be to continue to make sure that sustainable employment can be achieved," she said. "That's why I didn't think that July was a necessary change, but I do think, increasingly, policy is not aligned."

Trump scores major own goal with labor official firing: McGeever
Trump scores major own goal with labor official firing: McGeever

Zawya

timean hour ago

  • Zawya

Trump scores major own goal with labor official firing: McGeever

(The opinions expressed here are those of the author, a columnist for Reuters.) ORLANDO, Florida - U.S. President Donald Trump's decision to fire a top labor official following weak jobs data obviously sends ominous signals about political interference in independent institutions, but it is also a major strategic own goal. Trump has spent six months attacking the Federal Reserve, and Chair Jerome Powell in particular, for not cutting interest rates. The barbs culminated in Trump branding Powell a "stubborn MORON" in a social media post on Friday before the July jobs report was released. The numbers, especially the net downward revision of 258,000 for May and June payrolls growth, were much weaker than expected. In fact, this was "the largest two-month revision since 1968 outside of NBER-defined recessions (assuming the economy is not in recession now)," according to Goldman Sachs. This release sparked a dramatic reaction in financial markets. Fed rate cut expectations soared, the two-year Treasury yield had its steepest fall in a year, and the dollar tumbled. A quarter-point rate cut next month and another by December were suddenly nailed-on certainties, according to rate futures market pricing. This was a huge U-turn from only 48 hours before when Powell's hawkish steer in his post-FOMC meeting press conference raised the prospect of no easing at all this year. Trump's constant lambasting of "Too Late" Powell suddenly appeared to have a bit more substance behind it. The Fed chair's rate cut caution centers on the labor market, which now appears nowhere near as "solid" as he thought. Trump could have responded by saying: "I was right, and Powell was wrong." Instead, on Friday afternoon he said he was firing the head of the Bureau of Labor Statistics, Commissioner Erika McEntarfer, for faking the jobs numbers. Trump provided no evidence of data manipulation. So rather than point out that markets were finally coming around to his way of thinking on the need for lower interest rates, Trump has united economists, analysts and investors in condemnation of what they say is brazen political interference typically associated with underdeveloped and unstable nations rather than the self-proclaimed 'leader of the free world'. "A dark day in, and for, the U.S.," economist Phil Suttle wrote on Friday. "This is the sort of thing only the worst populists do in the worst emerging economies and, to use the style of President Trump, IT NEVER ENDS WELL." UNCERTAINTY PREMIUM It's important to note that major – even historic – revisions to jobs growth figures are not necessarily indicative of underlying data collection flaws. As Ernie Tedeschi, director of economics at the Budget Lab at Yale, argued on X over the weekend: "BLS's first-release estimates of nonfarm payroll employment have gotten more, not less, accurate over time." It should also be noted that the BLS compiles inflation as well as employment data, so, moving forward, significant doubt could surround the credibility of the two most important economic indicators for the U.S. - and perhaps the world. Part of what constitutes "U.S. exceptionalism" is the assumption that the experts leading the country's independent institutions are exactly that, independent, meaning their actions and output can be trusted, whatever the results. Baseless accusations from the U.S. president that the BLS, the Fed and other agencies are making politically motivated decisions to undermine his administration only undermine trust in the U.S. itself. "If doubts are sustained, it will lead investors to demand more of a risk premium to own U.S. assets," says Rebecca Patterson, Senior Fellow at the Council on Foreign Relations. "While only one of many forces driving asset valuations, it will limit returns across markets." This furor comes as Fed Governor Adriana Kugler's resignation on Friday gives Trump the chance to put a third nominee on the seven-person Fed board, maybe a potential future chair to fill that slot as a holding place until Powell's term expires in May. Whoever that person is will likely be more of a policy dove than a hawk. Policy uncertainty, which had been gradually subsiding since the April 2 'Liberation Day' tariff turmoil, is now very much back on investors' radar. (The opinions expressed here are those of the author, a columnist for Reuters) (Editing by Mark Potter)

Gold rises for fourth session as US jobs data lifts Fed rate cut bets
Gold rises for fourth session as US jobs data lifts Fed rate cut bets

Zawya

time2 hours ago

  • Zawya

Gold rises for fourth session as US jobs data lifts Fed rate cut bets

Gold nudged higher for a fourth session on Tuesday, supported by a softer dollar and lower Treasury yields as weaker-than-expected U.S. jobs data strengthened expectations of a rate cut in September. Spot gold was up 0.1% at $3,375.89 per ounce as of 0239 GMT. U.S. gold futures also gained 0.1% to $3,430.40. The dollar index hovered near a one-week low, making gold more affordable to holders of other currencies. The yield on the benchmark 10-year Treasury note dropped to a one-month low. "Short-term momentum has improved for the bullish side of the narrative supporting gold prices is that the Fed is still in the mode to actually cut rates in September," OANDA senior market analyst Kelvin Wong said. U.S. employment growth was softer than expected in July, while non-farm payroll figures for May and June were revised down by a massive 258,000 jobs, suggesting a deterioration in labor market conditions. Traders now see a 92% chance of a September rate cut, per the CME FedWatch tool. San Francisco Fed Bank President Mary Daly said on Monday that given mounting evidence that the U.S. job market is softening and that there is no sign of persistent tariff-driven inflation, the time is nearing for rate cuts. Gold, traditionally considered a safe-haven asset during political and economic uncertainties, tends to thrive in a low-interest-rate environment. On the trade front, President Donald Trump once again threatened on Monday to raise tariffs on Indian goods over its Russian oil purchases. New Delhi called his remarks "unjustified" and vowed to protect its economic interests, deepening the trade rift between the two countries. Still, gold faces some technical resistance. "I still do not see traders pushing up aggressively above the $3,450 level. Unless we have a very clear catalyst for gold price to actually pick up this level" OANDA's Wong said. Elsewhere, spot silver rose 0.1% to $37.44 per ounce, platinum gained 0.1% to $1,330.31 and palladium was up 0.2% to $1,204.25. (Reporting by Anushree Mukherjee Brijesh Patel in Bengaluru; Editing by Sumana Nandy and Sonia Cheema)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store