China June USD denominated trade data now, from China’s General Administration of Customs. Trade Balance US$114.77bn expected $112.10bn, prior $103.22bn Exports +5.8% y/y expected +5.0%, prior +4.8% Imports +1.1% y/y expected +0.3%, prior –3.4% —- January – June in USD: imports -3.9% y/y exports +5.9% y/y trade balance +586bn This article was written by Eamonn Sheridan at www.forexlive.com.
GBP/JPY trades modestly higher above 199.00 on Friday, up 0.35% intraday, amid broad-based Yen weakness. US President Trump’s 25% tariff threats on Japanese imports undermine the Yen’s safe-haven appeal. The cross is set for solid weekly gains, holding near year-to-date highs with strong bullish momentum. The British Pound (GBP) trades modestly stronger against the Japanese Yen (JPY) on Friday,…
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently…
WTI Crude Oil trades near $67.00 as price consolidates in a well-defined range. EIA cuts 2025 US production outlook, reinforcing a tightening supply narrative ahead of the third quarter. Red Sea threats and Russian sanctions keep geopolitical risk premiums priced into crude markets. West Texas Intermediate (WTI) Crude Oil prices are holding firm above $67.00 on Friday as traders…
New Zealand Electronic Card Retail Sales June 2025. Card Spending Retail: +0.5% m/m prior –0.1% -0.4% y/y prior -0.1% Card Spending Total: -0.2% m/m prior +0.3% The electronic cards data covers about 68 percent of core retail sales in the country, and is the main measure of monthly retail activity. This article was written by Eamonn Sheridan at www.forexlive.com.
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Bloomberg with the report from Deutsche Bank strategist George Saravelos, warning that financial markets are downplaying the risk of Trump removing Federal Reserve Chair Jerome Powell — a move that could significantly shake markets. Bloomberg is gated, but in brief: DB argue that markets are largely ignoring the risk, citing Polymarket showing less than a 20% chance of Powell…
The EUR/CHF cross is trading near the lower boundary of its multi-week range between 0.9300 and 0.9430. Bears remain in control as price action leans toward the lower Bollinger Band. The RSI is hovering below the neutral mark at 41.83 indicates slight bearish momentum with potential for more decline. The Euro (EUR) remains under pressure against the Swiss Franc…
Asked if he will fire Powell, he said ‘no’ Says will speak to Brazilian president at some point The market isn’t taking the risk of Canadian tariff seriously. The loonie is down 0.3% today and Canada’s TSX Composite stock index is down 0.45%. This article was written by Adam Button at www.forexlive.com.
The US Dollar gains strength on Friday, lifted by US President Trump’s renewed tariff threats and fading expectations of near-term Fed interest rate cuts. Trump targets Canada with a 35% tariff, citing fentanyl concerns and trade imbalances. The DXY hovers below key resistance at 97.80–98.00, with price supported by the 9-day EMA at 97.50 The US Dollar gains strength…
