Economic confidence 94.0 vs 95.1 expected Prior 94.8 Industrial confidence -12.0 vs -9.9 expected Prior -10.3; revised to -10.4 Services confidence 2.9 vs 1.6 expected Prior 1.5; revised to 1.8 Euro area economic sentiment worsened slightly in June amid a drop in manufacturing confidence, offsetting the slight improvement in services sector confidence. The overall reading remains relatively subdued since…
The Australian Dollar offers its daily gains due to risk aversion as Iran declines to resume nuclear negotiations. President Trump may announce his preferred candidate to lead the Federal Reserve next year. The US Dollar depreciated due to risk-on sentiment following a fragile US-brokered Israel-Iran ceasefire. The Australian Dollar (AUD) retraces daily gains on Friday, halting its four-day winning…
2025.06.27 2025.06.27 Fed Potential Divide Sends US Dollar Plunging. Forecast as of 27.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Fed is an institution with a multi-faceted nature of policy-making, not a single entity controlled by one or two people. Decisions regarding the federal funds rate are made collectively. Meanwhile, the EURUSD pair retreated amid caution expressed by FOMC officials in their recent…
We’re now less than two weeks away from the supposed 9 July deadline for trade deals. But as the White House said yesterday, that deadline isn’t going to be an important one. As things stand, Trump is expected to extend that and kick the can down the road as negotiations continue. Call it TACO. Call it the boy who…
The Indian Rupee strengthens as the US Dollar Index falls for the fourth straight session, hitting a fresh three-year low. US President Trump renews attacks on Fed Chair Powell, calls him “terrible,” and signals plans to name a replacement. Subdued Crude Oil prices and easing geopolitical tensions support the Rupee recovery from a three-month low. US Q1 GDP revised…
Iran says no agreement to resume nuclear talks – that’s according to a report on Iranian State TV: “There hasn’t even been any talk about it,” said Iran’s foreign minister in an interview with a local TV station This article was written by Eamonn Sheridan at www.forexlive.com.
The Canadian Dollar gains modestly as political pressure on the Fed weighs on the US Dollar. USD/CAD trades near 1.3630, down 0.70% on the day, staying within a descending channel. The technical outlook remains bearish, with immediate support seen at the lower Bollinger Band around 1.3587. The Canadian Dollar (CAD) ticks higher against the US Dollar (USD) on Thursday,…
Markets had plenty to chew on Thursday, from Fed rate cut speculations and softer U.S. GDP to upbeat durable goods orders and a potential thaw in U.S.–China trade relations. Stocks and oil climbed, gold bounced off intraday lows, and the dollar slid across the board as traders shifted into risk-on mode. Here are headlines you may have missed in…
South Korea’s financial regulator: South Korea government holds emergency meeting on household debt South Korea govt strengthens measures to control household debt The back story on this is that South Korea has one of the highest household debt-to-income ratios among OECD countries. Households owe significantly more than their annual disposable income. mortgage loans are a major component of household…
EUR/USD hits its highest level since September 2021 and extends its rally for a sixth straight session. ECB’s De Guindos flags data-driven approach, warns of trade and geopolitical risks to Eurozone outlook. US GDP revised lower to -0.5% in Q1, the first contraction in three years. Jobless Claims ease but remain elevated. The Euro (EUR) extends its winning streak…
