The Reserve Bank of New Zealand is expected to serve up another interest rate hike this week. Our Event Guide for the RBNZ Monetary Policy Decision suggests that since a hike is already widely expected, the real market mover could be the press conference scheduled an hour after the statement. If the central bank still manages to sound less…
More – Samsung’s record profit fails to stop shares plunging, dragging KOSPI down 6% Nasdaq analysis today at investingLive.com as Asian session shows tech under pressure Asia stocks fall as chip selloff spreads, breaking ranks with Wall St highs Softer Japan wage data unlikely to derail BOJ hikes, even as yen risk grows PBOC’s Pan lifts Southbound Bond Connect…
The USD/JPY pair extends the previous day’s late pullback from the vicinity of mid-162.00s and attracts some follow-through sellers during the Asian session on Tuesday. Spot prices drop to the 161.70-161.65 region in the last hour, though the downside remains cushioned in the absence of any intervention by Japanese authorities and a supportive fundamental backdrop. Reports last week suggested…
2026.07.06 2026.07.06 US Dollar Gears Up for Another Battle. Forecast as of 06.07.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The FOMC meeting minutes are a snapshot of the past. Following their release, disappointing US employment data came out. However, the market has gotten used to looking for signals in such reports. Will it work this time? Let’s evaluate the situation and develop a…
Tech shares powered Wall Street higher as it reopened after the holiday, Bitcoin swung wildly before leading gains, and the dollar firmed early then faded to close mixed.
May 2026 data from Japan. Household spending: +3.7% m/m expected +1.4%, prior +1.6% -0.4% y/y expected -2.5%, prior -0.5% Wages: Average Cash Earnings +3.2% y/y expected +3.4%, prior +3.5%) Same Sample Base Cash Earnings +2.9% prior +2.9% Overtime Pay +2.9% y/y prior +4.2% — I’ll have more to come on this separately. This article was written by Eamonn Sheridan…
The British Pound rallies to an 18-year high against the Japanese Yen, registering solid gains of over 0.77% as the GBP/JPY clears the previous year-to-date (YTD) high of 216.60 as the cross-pair clears the 217.00 figure for the first time since January 2008. At the time of writing, the GBP/JPY trades at 217.11. GBP/JPY Price Forecast: Technical outlook The…
2026.07.06 2026.07.06 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 06.07.2026 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: An impulse appears to have been completed, and a bearish correction is now expected. Consider short positions with a Take…
The U.S. dollar finished the day mixed vs the major currencies. The greenback was higher against 4 of the seven major currencies, posting its largest gain against the JPY (+0.45%). It rose vs the CHF by +0.25%), and the NZD by 0.12%. It eked out a small 0.04% rise vs the CAD (+0.04%). On the downside, the greenback lost…
BNY’s Geoff Yu stresses that Chinese equities and Chinese Yuan (CNY) remain heavily under-owned versus APAC (Asia-Pacific) peers, with cross-border holdings at very low levels. While fundamentals are still not compelling, he argues that retail flows, a base in ownership and rising stimulus talk mean that any stabilization in data or credible policy support could trigger a meaningful rebuild…
