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The Wall Street Journal have a piece up on the data from Japan earleir. Data is here: The Journal is gated, but in brief: Japan’s core consumer inflation slowed to 3.3% year-over-year in June, down from 3.7% in May and in line with economist expectations. moderation was driven by a deceleration in energy prices, which rose 2.9% food prices…
Chancellor of Germany Friedrich Merz flashed warning signs on Thursday, warning European Union (EU) plans to shore up budgets using new or increased corporate taxation schemes will likely meet resistance from the German contingent. Key highlights (The EU) needs to discuss the size of the future budget. The EU has to make do with the money it has. It…
After Wednesday’s Fed Chair firing fiasco left markets rattled and dollar bears prowling, today’s US delivered the plot twist everyone needed: reminders that U.S. economic data is rock-solid and why fundamentals usually win over headlines. From retail sales crushing expectations to jobless claims plummeting, the American consumer stepped up as the unlikely hero of the story. The result? A…
A U.S. federal judge ruled on Thursday that President Donald Trump’s dismissal of Federal Trade Commission member Rebecca Slaughter earlier this year was unlawful. District Judge Loren AliKhan stated that the Trump administration’s effort to remove Slaughter violated legal protections that limit the president’s ability to dismiss FTC commissioners. The White House and FTC have not yet commented on…
US jobless claims fall to 221K, while retail sales rise 0.6% in June. Fed’s Kugler signals no rush to cut rates amid tariff-driven inflation. UK labor market cools less than expected, but Sterling remains pressured. GBP/USD drops during the North American session on Thursday. The pair edged down 0.07% following the release of strong US economic data, which boosted…
2025.07.17 2025.07.17 Dollar Holds Ground Despite Powell Rumors. Forecast as of 17.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The rehearsal of Jerome Powell’s removal from the position of Fed Chair went well. The “sell American” slogan played out in full. But once again, Donald Trump stepped back, and TACO — “Trump Always Chickens Out” — brought EURUSD back to its previous level. Let’s…
September crude oil futures are settling $1.04 higher at $66.23. The high price for today reached $66.27. The low price was at $65.02 For the August contract, the price settled up $1.16 or 1.75% at $67.54. This article was written by Greg Michalowski at www.forexlive.com.
Gold price recovers a portion of losses after a rejection of $3,300. Interest rate expectations and rising yields support the Dollar, limiting bullion gains. XAU/USD bulls and bears battle to push the price out of its narrow range. Gold (XAU/USD) is experiencing a pullback on Thursday as traders digest US Retail Sales data and await further comments from Federal…
2025.07.17 2025.07.17 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 17.07.2025 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 crypto market continues rising. The article covers the following subjects: Major Takeaways BTCUSD: The price is rising in the fifth part of a bullish impulse to a high…
