The U.S. private sector unexpectedly lost 33,000 jobs in June, a big miss compared to the forecast for a 95,000 gain. That’s the first drop since March 2023, and to make things worse, May’s figure was revised down to 29,000 from 37,000. Most of the weakness came from services, with professional and business services down 56,000 and education and…
With tensions in the Middle East subsiding and trade talks stalled with little visible progress, market attention is focused on one big issue: Trump’s “big, beautiful bill” of tax cuts and spending cuts, which Republican lawmakers appear to be aiming to pass before July 4, Independence Day. The problem is that, if passed, it would add more than $3…
India HSBC Services PMI came in at 60.4, below expectations (60.7) in June
2025.07.03 2025.07.03 US On Road to Weaker Dollar. Forecast as of 03.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US dollar needs to be devalued by 30–35% to balance US foreign trade. However, this would likely result in inflation exceeding 4%, which would necessitate the Fed to maintain elevated interest rates. However, this strategy is not aligned with the US administration’s strategic plans….
GBP/CAD just threw down a big red candlestick after tagging new 2025 highs! Is this just a breather or the start of a longer-term downswing? We’re eyeing a major support zone that could decide whether the bulls step back in or call it a day. GBP/CAD Daily Forex Chart by TradingView Sterling slipped across the board after traders started…
Need to wait for US tariffs impact to become clearer Domestic factors show Japan’s economy making progress towards price target But external factors are applying huge stress to that goal US tariffs have yet to derail Japanese firms’ activity but there are risks it could falter Want to scrutinise those developments first before considering policy changes There’s nothing new…
WTI Crude trades in a tight range near $64.50, consolidating after a sharp drop triggered by the Iran–Israel ceasefire. Geopolitical risk premiums unwind, with traders cautious ahead of the July 6 OPEC+ meeting. The EIA report is due later on Wednesday, last week’s 3.5 million barrel draw was smaller than expected. West Texas Intermediate (WTI) Crude Oil continues to…
Gold has been forming lower highs and higher lows, consolidating inside a fresh triangle pattern and bouncing off support. Can it go for a breakout soon? Check out these nearby support and resistance levels on the 4-hour time frame. Gold (XAU/USD) 4-hour Forex Chart by TradingView Shifting market sentiment and dollar trends have been pulling this precious metal in…
Tryon to keep track of all the political wheeling and ealing is challengins. The House is voting and the vote is going on for a long time. All 216 Democrats voted ‘No’. 4 Republicans said they’d vote No also. 207 Republicans have voted Yes. There are still 9 Republicans yet to vote. Doing the sums it appears the best…
Singapore Manufacturing PMI: 50 (June) vs 49.7
