Market correlations were a mess, as traders juggled pre-NFP positioning with tariffs developments and monetary policy announcements. U.S. equity indices closed deep in the red while WTI crude oil tossed and turned in anticipation of the OPEC+ production hike next month. Here’s a breakdown of the biggest moves and movers in the last trading sessions: Headlines: RBNZ head Adrian…
China’s export growth likely slowed in the first two months of the year due to Lunar New Year disruptions and mounting U.S. trade pressures. Economists expect: Exports to have risen 5% year-on-year, down from December’s 10.7% growth Imports likely increased by 1%, maintaining the previous pace. China’s January-February trade surplus is expected to rise to $142.35 billion Note that…
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1705 as compared to the previous day’s fix of 7.1692 and 7.2406 Reuters estimates. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic…
Trump has signed an Executive Order to establish a Strategic Bitcoin Reserve The reserve will be funded with Bitcoin owned by the federal government, obtained through criminal or civil asset forfeiture proceedings. The U.S. will not sell any Bitcoin deposited into the reserve. The secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional Bitcoin….
Bank of England Monetary Policy Committee member Catherine Mann said late Thursday that gradual interest-rate moves no longer send clear signals to volatile financial markets and larger shifts are now needed to “cut through” the noise for the good of the economy, per Bloomberg. Key quotes Monetary policy must navigate through choppy financial markets, shock-ridden economies, and sticky expectations. Larger…
Canada finance minister has announced that the country will delay its second wave of tariffs on $125bn of US prodcuts until April 2. There was no indication that Canada is taking off the $30bn in tariffs already in place. Premier of Ontario, Doug Ford, who has been a sharp critic of the tariff attack from the US is not…
The downtrend in the US Dollar gathered extra steam on Wednesday, fuelled by concerns over the US economy and some renewed hopes that the Trump administration could delay some planned tariffs. Here is what you need to know on Friday, March 7: The US Dollar Index (DXY) retreated further and breached the 104.00 support, hitting fresh multi-month lows. The…
USDCHF technology The USDCHF is extending its decline, hitting a new session low of 0.88247 after earlier bouncing from 0.88269 to 0.88612 before rotating lower again. The pair is now approaching a key technical level—the 200-day moving average (0.88203)—which has not been breached since December 12. A decisive break below this level could intensify selling pressure, with the next…
The Dow Jones shed around 575 points on Thursday, as trade war fears resume. The more the Trump administration tries to soothe tariff fears, the worse things get. Market sentiment is still churning despite announced tariff delays and upbeat jobs data. The Dow Jones Industrial Average turned tail and ran on Thursday, in tandem with the rest of the…
2025.03.06 2025.03.06 Short-Term Analysis for Oil, Gold, and EURUSD for 06.03.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Euro’s short-term uptrend continued yesterday. The article…
