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…
Australian trade balance data for April 2025 5413mn surplus expected 6000mn, prior 6900mn Exports -2.4% m/m prior +7.6% Imports +1.1% prior -2.2% In March Australian exports jumped ahead of tariffs, and April numbers show a ‘give back’ fall. This article was written by Eamonn Sheridan at www.forexlive.com.
WTI price declines to around $62.00 in Thursday’s early Asian session. Fears of a global oil oversupply undermine the WTI price. Oil inventories fell by 4.304 million barrels in the week ended May 30, according to the EIA. Heightened geopolitical risks and expectations that Iran will reject a US nuclear deal might cap the WTI’s downside. West Texas Intermediate…
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The Canadian Dollar found a new eight-month peak against the US Dollar on Wednesday. The BoC held rates steady at its latest interest rate decision, giving the Loonie a boost. Global markets await the next episode in Donald Trump’s tariff and trade wars, limiting Greenback flows. The Canadian Dollar caught a rally on Wednesday, bolstered by a rate hold…
Deutsche Bank is maintaining its call for a 1.50% terminal rate in the European Central Bank’s (ECB) easing cycle but notes rising risks that the cycle may end sooner than previously expected. As the second half of the year unfolds, the bank expects market focus to shift away from near-term rate cuts and toward how much tightening may follow…
USD/MXN trades below 19.20 after testing a new YTD low at 19.16. US ADP Employment and ISM Services PMI data missed forecasts. Mexico responds to increased tariffs on steel and aluminum imports to the US. The Mexican Peso (MXN) is trading near a fresh year-to-date high against the US Dollar (USD) on Wednesday, which is providing support for the…
2025.06.04 2025.06.04 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 04.06.2025 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 the Elliott wave analysis. The scenarios outlined previously remain valid. The article covers the following subjects: Major Takeaways BTCUSD: The price is rising in the final part of the bullish impulse. Consider long…
