The market rotated out of the large/mega-cap tech stocks today. Markets got a little spooked by better than expected JOLT job openings and the realization that July is probably not a month for a rate cut. Some recent gainers were hit hard today. Nvidia -2.69% Broadcom -3.82% SuperMicro Computer -3.14% AMD -3.71% Meta -2.42% Palantir -4.27% Palo Alto Networks…
The Euro rose to 1.1830, its highest level since September 2021, before easing slightly. Eurozone CPI hits 2.0%, matching ECB’s target, core Inflation steady at 2.3%. US ISM PMI and JOLTS Job Openings beat forecasts, lifting the US Dollar Index. The Euro (EUR) edges modestly lower against the US Dollar (USD) during the American session on Tuesday, after briefly…
The flow of funds continues to show exiting out of the large cap tech sector and into the Dow 30 and the small cap. The NASDAQ index is currently down -111.2 or -0.55%. The Dow is up 470.66 points or 1.05% The small cap Russell 2000 is up 33 points or 1.55%. The S&P index is stuck between the…
GBP/USD slips 0.07% after hitting 1.3788; stalls just shy of psychological 1.3800 level. US JOLTS job openings hit 7-month high; ISM manufacturing improves slightly but remains in contraction. BoE’s Bailey signals softening labor market; UK Manufacturing PMI holds steady at 47.7. The Pound Sterling (GBP) loses ground versus the US Dollar after hitting a new three-year peak of 1.3788,…
2025.07.01 2025.07.01 US Dollar Posts Worst First Half in 50 Years. Forecast as of 01.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Pressure from the US administration on the Fed, along with its intention to weaken the US dollar, led to a more than 10% decline in the USD index in the first half of 2025. Let’s discuss this topic and make a trading…
This week’s upcoming U.S. ISM manufacturing PMI report can guide traders in positioning for the NFP release. Will we see early fireworks before the Fourth of July holiday? Here are the points to know when trading this major report. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free…
Prior month -0.2% revised up from -0.4% initially reported Construction spending -0.3% versus -0.2% expected. This article was written by Greg Michalowski at www.forexlive.com.
WTI price gains ground as Saudi Arabia may increase its August crude Oil prices for Asian buyers. Oil prices rise due to news of Trump’s trade officials scaling back their tariff deal goals. The upcoming US employment data will likely offer fresh insights into the Fed’s interest rate decision in July. West Texas Intermediate (WTI) Oil price gains ground…
2025.07.01 2025.07.01 Japan Seeks Removal of US Tariffs. Forecast as of 01.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The 25% US import duty on cars is a significant headwind for Japan. Should it find common ground with the US, the USDJPY pair will likely continue to decline. Let’s discuss this topic and develop a trading plan. The article covers the following subjects: Major…
Uncle Sam is scheduled to print its June ISM manufacturing PMI soon, and upside surprise could boost USD ahead of the NFP release. Our Event Guide for the ISM Report discussed how the S&P Global flash PMI for the same month indicated a 12-month high in the industry’s jobs component, so there could be a case for…
