Eurostoxx +0.4% Germany DAX +0.3% France CAC 40 +0.6% UK FTSE +0.5% Spain IBEX +0.6% Italy FTSE MIB +0.6% It’s a slight bounce back for German stocks after the struggle yesterday at least. The mood music is more optimistic today with US futures also sitting higher, with tech shares also faring better. S&P 500 futures are seen up 0.3%…
The Indian Rupee trades mildly lower against the US Dollar as the latter stabilizes after surprisingly upbeat US JOLTS Job Openings data. Trump’s comments signaled that the US and India will finalize a trade agreement before the July 9 deadline. Fed’s Powell reiterates that the central bank needs more data before considering interest rate cuts. The Indian Rupee (INR)…
The Loonie is having trouble extending its downswings near a key support zone! Think it means CAD/JPY is ready to extend a longer-term uptrend? Let’s take a closer look at the 4-hour time frame! CAD/JPY 4-hour Forex Chart by TradingView Japanese yen traders found some support from slightly better-than-expected manufacturing surveys and comments from BOJ Governor Ueda at the…
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ISM Manufacturing PMI ticked higher to 49.0 in June, surpassing consensus. The US Dollar continues to decline, approaching multi-year lows. Economic activity in the US manufacturing sector picked up some pace in June, with the ISM Manufacturing PMI advancing to 49.0 from 48.5 in May, coming in above experts’ expectations of 48.8. The Employment Index dropped slightly to 45.0…
2025.07.01 2025.07.02 Weekly Economic Calendar for 07.07.2025–13.07.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Following the Fed meeting in June, the US dollar continues to face headwinds, while US stock indices have hit new all-time highs. This week, market participants will review the minutes of the Fed’s June meeting to better assess the prospects for the US central bank’s monetary policy. Additionally, in the…
The June ISM manufacturing PMI report printed slightly better than expected results, as the index climbed from 48.5 to 49.0 during the month. While the reading reflected an improvement, it still remained below the 50.0 threshold and indicated industry contraction. Key Takeaways from the June ISM Manufacturing Report Manufacturing PMI rose to 49.0% from 48.5% in May, showing modest…
OPEC+ meets on July 6, the cartel is expected to hike August output by 411,000 bpd. Russian Deputy Prime Minister Alexander Novak says the decision will be made on the day: “We’ll review it during the meeting, as is traditional“ The group has been steadily adding back oil output since April: monthly increases of 411,000 bpd chipping away at…
Gold prices climb as US fiscal concerns over Trump’s proposed tax bill support bullion gains. Fed Chair Powell comments on monetary policy at the ECB Forum, maintaining a data-dependent stance. XAU/USD trades near $3,350 after US ISM and JOTS data beat estimates, raising expectations for a September rate cut. Gold prices are rallying on Tuesday as traders digest remarks…
Federal Reserve Chair Jerome Powell indicated last week that policymakers are likely to stay on hold for now, waiting for clearer signs on how Trump’s tariffs are affecting inflation. However, if the labour market starts to weaken, the Fed may consider lowering interest rates. Bank of America say: “Occam’s razor suggests that inflation is already stuck above target, with…
