Aside from GBP weakness following the soft jobs report, the FX market is largely unmoved so far today. There also isn’t anything on the economic calendar that might shake that up. There is no US economic data or Fed talk and the only notable event is a 3-year Treasury auction. Instead, eyes will be on signals from US-China trade…
Buyers and sellers take turns in Tesla With Elon Musk facing off against Donald Trump in the public square, Tesla ($TSLA) stock has been caught in the crossfire. Shares fell 15% last week on a closing baiss, giving back roughly half its gains from the prior two months. With the increase in newsflow, message volume on Stocktwits reached its…
2025.06.10 2025.06.10 Yen Ekes Out Gains After BoJ Rate Hike Speculation. Forecast as of 10.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The United States has a long-standing tradition of criticizing central banks. Meanwhile, Donald Trump has urged the Fed to lower the interest rate. Following this statement, the US Treasury is urging the Bank of Japan (BoJ) to tighten its monetary policy. Let’s…
GBP/USD has been climbing steadily since the start of the year, but 1.3600 is proving to be a tough ceiling for fresh 2025 highs. Will pound bulls find enough support to make another run at the resistance? GBP/USD 4-hour Forex Chart by TradingView Sterling is holding up better than commodity-linked currencies this month, as the US dollar gives back…
Must avoid complacency over inflation outlook Must focus on keeping inflation expectations at 2% The commentary fits with their stance from the last meeting, that is to keep the flexibility open. But as things stand, there should be no rate cut to follow in July. This article was written by Justin Low at www.forexlive.com.
The Pound Sterling plummets against its major peers after the release of the weak UK labor market data for the three months ending April. UK ILO Unemployment Rate accelerated to 4.6%, the highest level seen since July 2021. Investors seek Sino-US trade meeting minutes for fresh cues on the US Dollar’s outlook. The Pound Sterling (GBP) faces a sharp…
2025.06.10 2025.06.10 Foreigners Continue to Dodge US Treasuries. Forecast as of 10.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Donald Trump’s “Big, Beautiful Bill” requires significant financial support. However, it is becoming increasingly difficult to attract non-residents to US Treasuries, which is exerting pressure on the US dollar. Let’s discuss this topic and make a trading plan for the EURUSD pair. The article covers…
WTI crude oil recently busted through a short-term double bottom neckline, suggesting that an uptrend is in order. However, the rally could stall at these nearby inflection points. Take a look at this long-term area of interest seen on the daily time frame: WTI Crude Oil (USOIL) Daily Chart by TradingView An improved global trade outlook, combined with a…
There are a couple to take note of on the day, as highlighted in bold. The first ones are for EUR/USD at the 1.1400 and 1.1425 levels. Similar to yesterday, that should help to lock price action more intact until we get a change in broader sentiment from US-China trade talks. The 200-hour moving average in the pair, now…
The Australian Dollar holds ground ahead of the second meeting between US-China advisors on Tuesday. Australia’s Westpac Consumer Confidence increased 0.5% MoM in June, down from May’s 2.2% rise. US Consumer Price Index is expected to climb by 2.5% YoY in May, above April’s 2.3% rise. The Australian Dollar (AUD) advances against the US Dollar (USD) on Tuesday, extending…
