India is proposing retaliatory duties at WTO against US tariffs on auto parts. They say 25% import tariff on vehicles and some auto parts by US amounts to safeguard measures. India reserves the right to suspend concessions and other obligations equivalent to the adverse effects of US measures on India’s trade. India reserves the right to increase tariffs on…
Gold price regains positive traction and reverses a part of Thursday’s upbeat NFP-inspired losses. US fiscal concerns weigh on the USD and lend support to the commodity amid trade uncertainties. Holiday-thinned liquidity might hold back the XAU/USD traders from placing fresh directional bets. Gold price (XAU/USD) maintains its bid tone through the first half of the European session on…
2025.07.04 2025.07.04 GBP/USD: Elliott Wave Analysis and Forecast for 04.07.25 – 11.07.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Once the correction ends, consider long positions above the level of 1.3375 with a target of 1.4000 – 1.4220. A buy signal: the price holds above 1.3375. Stop Loss: below 1.3270, Take Profit: 1.4000 –…
The U.S. ISM Manufacturing PMI for June gave traders a key read ahead of the all-important NFP report. How did our USD watchlist setups for this top-tier event fare? Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk…
Composite PMI 44.0 vs 45.5 prior Key findings: Lack of new business weighs on activity Costs and selling prices rise at greater rates Confidence in outlook remains subdued Comment: Paul Smith, Economics Director at S&P Global Market Intelligence, said: “Canada’s services economy remained deep inside contraction territory during June, as uncertainty caused in the main by US trade policies…
Silver consolidates just below its highest level in more than two weeks set on Thursday. The mixed technical setup warrants some caution before placing fresh directional bets. Any corrective slide might still be seen as a buying opportunity and remain cushioned. Silver (XAG/USD) holds steady below the $37.00 mark during the Asian session on Friday and remains within striking…
2025.07.04 2025.07.04 Platinum Surges on Supply Concerns. Forecast as of 04.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The gold market is overbought and experiencing consolidation. Investors are seeking alternative investments, and platinum has emerged as a viable option. As a result, XPTUSD quotes have reached their highest level since 2014. Let’s discuss this topic and make a trading plan. The article covers the…
What a week to kick off July! The Loonie & franc strutted their stuff, while the U.S. dollar continued to its recent slide. Just when traders thought they had Fed policy figured out, Thursday’s jobs report crashed the bear USD party with a solid 147,000 new hires, sending rate cut bets scrambling. Meanwhile, Powell kept playing hard to…
Get some good rest with this long weekend because next week we have some important events that could potentially trigger big moves in the markets. The focus will be on Trump’s letters with the new tariff rates and the US CPI. I think the CPI will be more important given that Trump put August 1st as the deadline for…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
