The Atlanta Fed GDPNow model for 2Q growth comes in at 2.6% unchanged from the previous estimate. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 2.6 percent on July 9, unchanged from July 3 after rounding. After this morning’s wholesale trade report from the…
Gold prices fell in Saudi Arabia on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 397.05 Saudi Riyals (SAR) per gram, down compared with the SAR 398.11 it cost on Tuesday. The price for Gold decreased to SAR 4,631.14 per tola from SAR 4,643.51 per tola a day earlier. Unit measure Gold Price in…
2025.07.09 2025.07.09 Copper Prices Soar on Trump Tariff Threats. Forecast as of 09.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Donald Trump’s threat to impose 50% tariffs on copper imports widened spreads on COMEX and LME futures to 25%. Copper continues to flow from Europe to the US. Let’s discuss this topic and make a trading plan for the XCUUSD. The article covers the…
Back in 1969 when my buddies and I were still vibing to The Beatles’ Hey Jude, management trainer, Martin Broadwell, talked about the “four levels of teaching” to describe the work that needs to be done to learn a skill. Broadwell discussed teaching, but his ideas about competence levels became popular in psychology and self-development circles. What are these…
Market index 281.6 vs 257.5 prior Purchase index 180.9 vs 165.3 prior Refinance index 829.3 vs 759.7 prior 30-year mortgage rate 6.77% vs 6.79% prior This is never a market moving release. Mortgage applications are generally inversely correlated to mortgage rates. This article was written by Giuseppe Dellamotta at www.forexlive.com.
GBP/USD depreciates as the US Dollar gains ground amid increased risk sentiment. President Trump is preparing to announce a 50% tariff on imported copper and a 200% tariff on pharmaceutical imports. The UK Office for Budget Responsibility warned that public finances are on an unsustainable long-term trajectory. GBP/USD extends its losing streak, trading around 1.3580 during the Asian hours…
2025.07.09 2025.07.09 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 09.07.2025 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 scenarios outlined previously remain valid. The article covers the following subjects: Major Takeaways BTCUSD: The price is rising in the fifth part of a bullish impulse to a…
As expected, the Reserve Bank of New Zealand (RBNZ) kept interest rates unchanged at 3.25% in their July meeting. The Monetary Policy Committee reached consensus to hold rates steady after deliberating between a 25 basis point cut to 3.0% and maintaining the current level, reflecting central bank’s cautious approach amid heightened global policy uncertainty. Key Takeaways: RBNZ kept OCR…
Eurostoxx +0.3% Germany DAX +0.3% France CAC 40 +0.3% UK FTSE +0.3% Spain IBEX +0.6% Italy FTSE MIB +0.3% The latest report here on a EU-US deal is helping with the mood, as the EU will be slapped with lower tariffs as both sides continue to negotiate. The deadline though looks set to go past 1 August but again,…
The Japanese Yen remains depressed as trade uncertainties temper BoJ rate hike bets. The JPY bulls fail to gain a respite from the cautious market mood and a weaker USD. The fundamental backdrop warrants caution before placing fresh USD/JPY bullish bets. The Japanese Yen (JPY) sticks to its negative bias through the early European session on Tuesday amid worries…
