USD/CHF heads for its first weekly loss in five weeks as weaker-than-expected US Nonfarm Payrolls (NFP) data released on Thursday weighed on the US Dollar (USD). The pair rebounds on Friday as the Greenback stabilizes, with traders reassessing the Federal Reserve’s (Fed) interest rate outlook. At the time of writing, USD/CHF is trading virtually unchanged around 0.8034 after touching…
Services PMI 54.2 vs 50.9 expected Prior 50.1 Composite PMI 53.3 Prior 50.2 That’s a strong upside surprise for Spain’s services sector in June, with marked increases in both activity and new business. Improved market demand was the main tailwind, albeit largely amongst domestic-based clients. New export business was little changed in June. Besides that, pricing pressures also did…
ABN AMRO’s Bill Diviney expects the US Dollar to weaken broadly but notes slightly less upside for EUR/USD after revising the bank’s ECB outlook and incorporating French and US election risks. With the ECB seen delivering one more hike and the Fed staying more dovish than markets, ABN AMRO now projects EUR/USD at 1.18 for 2026 and 1.23 for…
2026.07.03 2026.07.03 US Dollar Slumps as Jobs Data Dims Fed Hike Odds. Forecast as of 03.07.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ While Donald Trump previously criticized Jerome Powell for being reluctant to cut interest rates, he has now shifted the focus to the Federal Reserve as a whole. The argument is that Kevin Warsh would face a committee resistant to policy easing….
Prior 49.4 Composite PMI 50.8 vs 50.4 prior Key findings: Growth of Italian service sector reinstated, supported by fresh intake of new business in June Strength in domestic sales drives renewed growth in total new business Cost pressures soften and confidence improves Comment: Eleanor Dennison, Economist at S&P Global Market Intelligence: “The service sector joined its manufacturing counterpart in…
Gold (XAU/USD) price rises by more than 1% on Friday as investors digest a softer-than-expected US jobs report, trimming hawkish bets despite higher inflation. At the time of writing, the XAU/USD pair trades at $4,174, after bouncing off daily lows of $4,121. Bullion rises as soft jobs data weighs on Dollar outlook On Thursday, US Nonfarm Payrolls for June…
2026.07.03 2026.07.03 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 03.07.2026 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. Following the recent price increase, attention shifts to the alternative scenarios. The article covers the following subjects: Major Takeaways BTCUSD: The price may rise in the first part of…
The Nasdaq 100 just closed out its best first half in years on a wave of AI enthusiasm, only to wobble in June. So what happens next?
Services PMI 46.8 vs 47.4 prelim Prior 44.3 Composite PMI 47.2 vs 47.6 prelim Prior 44.9 The final readings are softer than the initial estimates but at least reaffirms that the downturn in the French economy is less profound in June than it was in May. Of note, the PMI data reveals the slowest declines in output and new…
Silver (XAG/USD) prices reclaim the $60.00 mark for the second straight day on Friday, extending their weekly gains to over 5.50% and trading at $62.42 amid broader US Dollar weakness, pushing the white metal to an eight-day high of $62.89.
