Australian Household Spending for May 2025 +4.2% y/y expected +3.5%, prior +3.8%) +0.9% m/m expected + 0.5%, prior 0.0% The Australian Bureau of Statistics says: ‘The rise in May was driven by spending on discretionary goods and services. ‘Discretionary spending rose 1.1 per cent, as households spent more on clothing and footwear, new vehicles, and dining out. ‘Meanwhile, non-discretionary…
USD/CAD rebounds to around 1.3595 in Thursday’s early European session. The pair keeps the negative outlook below the 100-day EMA with a bearish RSI indicator. The initial support emerges at 1.3555; the first upside barrier is located at 1.3700. The USD/CAD pair recovers some lost ground to near 1.3595 during the early European session on Thursday. The potential upside…
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…
USD/CNH struggles to gain any meaningful traction as traders keenly await the US NFP report. The technical setup favors bearish traders and backs the case for a further depreciating move. Any attempted recovery could be seen as a selling opportunity ahead of the key 7.1800 level. The USD/CNH pair extends its sideways consolidative price move for the third straight…
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…
Nonfarm Payrolls (NFP) in the United States (US) rose by 147,000 in June, the US Bureau of Labor Statistics (BLS) reported on Thursday. This reading followed the 144,000 (revised from 139,000) increase recorded in May and came in better than the market expectation of 110,000. Follow our NFP Live Coverage here Other details of the employment report showed that…
2025.07.03 2025.07.03 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 03.07.2025 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 article covers the following subjects: Major Takeaways BTCUSD: The price is rising in the fifth part of a bullish impulse to a high of 111,854.30. Consider long positions. XRPUSD: A…
Markets had a mixed day as traders reacted to weaker-than-expected U.S. jobs data, new trade headlines, and fresh concerns about U.S. and U.K. government spending. Stocks and Bitcoin climbed, gold gained on Fed rate cut expectations, and oil jumped after Iran cut ties with nuclear inspectors. Here are headlines you may have missed in the last trading sessions! Headlines:…
Expect to see about 100 countries get minimum 10% reciprocal tax We are going to be announcing several deals This is news. That puts the floor and the target for deals. There are still questions about Japan, the EU, Mexico and Canada but it looks like it’s going to be tough to get to zero. This article was written…
Gold prices fell in Philippines on Thursday, according to data compiled by FXStreet. The price for Gold stood at 6,068.03 Philippine Pesos (PHP) per gram, down compared with the PHP 6,080.62 it cost on Wednesday. The price for Gold decreased to PHP 70,784.72 per tola from PHP 70,923.19 per tola a day earlier. Unit measure Gold Price in PHP…
