Gold prices climb as US fiscal concerns over Trump’s proposed tax bill support bullion gains. Fed Chair Powell comments on monetary policy at the ECB Forum, maintaining a data-dependent stance. XAU/USD trades near $3,350 after US ISM and JOTS data beat estimates, raising expectations for a September rate cut. Gold prices are rallying on Tuesday as traders digest remarks…
Federal Reserve Chair Jerome Powell indicated last week that policymakers are likely to stay on hold for now, waiting for clearer signs on how Trump’s tariffs are affecting inflation. However, if the labour market starts to weaken, the Fed may consider lowering interest rates. Bank of America say: “Occam’s razor suggests that inflation is already stuck above target, with…
USD/CAD rises as Fed Powell’s comments at the ECB Forum raise expectations of a rate cut in September. Fed Chair Powell: “As long as the US economy is in a solid shape, the prudent thing to do is wait.” The US ISM Manufacturing PMI and JOLTS job data beat expectations, reflecting a more resilient US economy. The Canadian Dollar…
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.
