The US Dollar drops across the board as the specter of a US recession returns. Weak US data is feeding hopes of a Fed rate cut in September. A “hawkish hold” by the BoC provided fresh support for the CAD on Wednesday. The US Dollar’s recovery has been short-lived. A frail rebound witnessed on Wednesday’s late US market session…
2025.06.05 2025.06.05 Gold Prepares for Bull Run After Short Breather. Forecast as of 05.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Since the end of April, gold has remained in a state of consolidation. Investors believe that trade wars have begun to subside. In this case, the monetary policy and the slowdown in the US economy have provided a favorable environment for XAUUSD quotes….
EUR/AUD is consolidating around a key area of interest ahead of potentially major catalysts. Think the pair is in a position to extend a weeks-long uptrend? We’re taking a closer look at the 4-hour time frame! EUR/AUD 4-hour Forex Chart by TradingView The European Central Bank (ECB) is widely expected to cut interest rates by 25 basis points this…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
Gold price struggles to capitalize on the previous day’s modest gains amid mixed cues. A modest USD uptick weighs on the commodity, though the downside remains limited. Traders keenly await a potential Trump-Xi call and the crucial US NFP report on Friday. Gold price (XAU/USD) reverses an intraday dip to the $3,361 region and turns neutral during the early…
2025.06.05 2025.06.05 US Dollar Edges Lower on Weak Data and Trade Uncertainties. Forecast as of 05.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The discordant signals from the US, the EU, and China regarding trade conflicts are compelling investors to turn to other, more understandable factors. Primarily, they focus on monetary policy. Let’s discuss this topic and make a trading plan for the EURUSD…
Markets are bracing for Friday’s May jobs report, with the weak 37,000 ADP print casting doubt on the 130,000 consensus. Trade tensions and stagflation fears are adding to the pressure, making this a key report for Fed policy expectations and the dollar. Here are points to know if you’re trading the May U.S. NFP report! This Article…
This will mark the first time that a Japanese automaker has had to halt production due to rare earth export restrictions. And if anything, it continues to highlight China’s dominance in rare earth supply globally. Suzuki says that they have stopped production of its Swift model cars effective 26 May. For some context, Japan and China has had a…
The Australian Dollar holds ground despite a decline in Australia’s trade surplus. China’s Caixin Services PMI came at 51.1 in May, improving from 50.7 in April. The US Dollar continues to struggle after the weaker economic data released on Wednesday. The Australian Dollar (AUD) remains in positive territory for the second successive session against the US Dollar (USD) on…
As expected, the Bank of Canada (BOC) kept interest rates unchanged for the at 2.75% in June, citing trade uncertainty and mixed economic signals. This marked the second consecutive meeting without a rate change, as policymakers grappled with heightened trade uncertainty and mixed signals from the domestic economy. Key points from the June BOC decision: Rate unchanged: Overnight rate…
