There are just a couple to take note of on the day, as highlighted in bold. And they are for EUR/USD at the 1.0400 and 1.0480 levels. The pair is currently running into some short-term resistance around 1.0430-50, so that is arguably the more important technical region to watch now. So, I wouldn’t attach too much significance to the…
USD attracts sellers for the second straight day amid bets for additional rate cuts by the Fed. Trump says he would rather not impose tariffs on China, triggering a fall in the US bond yields. The hawkish BoJ-inspired rally in the JPY contributes to the offered tone surrounding the buck. The US Dollar Index (DXY), which tracks the Greenback…
Investors appeared to be biting their nails ahead of U.S. President Trump’s speech in the World Economic Forum, which delivered on major announcements and big market moves. The S&P 500 index surged to a fresh record high while WTI crude oil tumbled sharply to close nearly 2% in the red. Here are the latest headlines and how financial assets…
Trump spoke in an interview with Fox, referring to his phone conversation with Chinese President Xi Jinping: “It went fine. It was a good, friendly conversation” “I can do that,” Trump said in the interview when asked if he could make a deal with China over fair trade practices. Trump said he would rather not use tariffs against China…
NZD/USD softens to near 0.5675 in Friday’s early Asian session. The RBNZ is expected to cut its Official Cash Rate by 50 bps in the February meeting. Trump said he would demand that interest rates drop immediately. The NZD/USD pair trades in negative territory around 0.5675 during the early Asian session on Friday. The New Zealand Dollar (NZD) struggles to…
Japan flash manufacturing PMI for January drops to 48.8, a 10-month low prior 49.6 Services 52.7 prior 50.9 Composite 51.1 prior 50.5 *** Earlier today we got Japan’s core inflation rate (in December 2024) hitting a 16 month high: Japan December headline CPI +3.6% (expected +3.4%, prior 2.9%) Keeping the Bank of Japan well on track for a rate…
EUR/USD flattened near 1.0400 on Thursday. Investors are riding a tepid wave with a notable lack of data. Friday’s global PMI print to cap off an otherwise unremarkable week. EUR/USD flatlined on Thursday, cycling near the 1.0400 handle as investors grind through a largely unremarkable week despite a strong start on Monday. A lack of meaningful economic docket data…
Ivanka Trump is a daughter of Donald Trump. She says she has no involvement in $IVANKA, saying: “It has come to my attention that a fake crypto coin called ‘Ivanka Trump or ‘$IVANKA’ is being promoted without my consent or approval” “To be clear: I have no involvement with this coin. This fake coin risks deceiving consumers and defrauding…
US traders keep watch on the Federal Reserve’s looming rate decision despite ongoing headlines about cuts. President Trump renews criticism of trade imbalances, sparking market chatter about new tax cuts and oil price demands. Solid US growth between 2.5% and 3.0% helps underpin the Greenback, though policy ambiguities weigh on sentiment. Jobless claims rise slightly, suggesting that labor market…
2025.01.23 2025.01.23 US Dollar to Shape New Global Economic Order. Forecast as of 23.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Donald Trump’s policies are anticipated to slow the already fragile eurozone economy even more, providing the ECB with a compelling reason to cut rates as scheduled, a move that contrasts with the Fed’s hesitant approach. Let’s discuss this topic and make a trading…
