Philly Fed President Patrick Harker was a model central banker. He never made waves, was thoughtful and always professional. He’s retiring at month-end and is out with some comments: It’s still possible the Fed can cut later this year Uncertainties make it very hard to divine monetary policy outlook Worries that the quality of economic data is eroding We’re…
Euro failed to capitalize on upbeat GDP and retail sales; ECB rate cut seen as nearing its limit. The US economy added 139K jobs in May, the second-highest in 2025, with the jobless rate steady at 4.2%. Hot labor data boosted US Dollar and Treasury yields, dampening Fed rate cut hopes. EUR/USD trip down extends its losses on Friday…
Today’s US jobs report calmed nerves but there are still some dark clouds on the horizon. Business Insider today reports that Amazon has frozen its hiring budget for its main retail business, citing internal emails. The changes only apply to corporate employees, not those working in warehouses or the cloud computing division. However it does apply to Amazon’s online…
The Canadian Dollar firmed up on Friday, but Greenback flows rallied harder, driving a rebound in USD/CAD. US NFP net job gains came in stronger than expected, overshadowing Canadian job numbers. Key post-tariff US CPI inflation figures loom large next week; Canadian data docket runs out of gas. The Canadian Dollar (CAD) saw firm gains in employment figures on…
2025.06.06 2025.06.06 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 06.06.2025 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 article covers the following subjects: Major Takeaways BTCUSD: The price is expected to decline in the final part of the correction. The recommendation is to open short positions…
USD/JPY daily Nomura is outlining a bearish scenario for USD/JPY in a Friday note. They say the pair could fall to 136 from 144.92 currently by the end of September as Japanese investors repatriate and Washington leans on Tokyo to strengthen the yen. Another factor is a hawkish Bank of Japan and rising local yields, which could “encourage domestic…
China Foreign Exchange Reserves (MoM): $3.285T (May) vs $3.282T
2025.06.06 2025.06.06 US Dollar Weakens After Trump-Musk Bromance Over. Forecast as of 06.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US president and Tesla’s CEO had an unexpected quarrel. Elon Musk characterized the tariffs as unwise and expressed his support for Congress’s consideration of impeaching the head of state. However, the EURUSD pair was influenced by other events. Let’s discuss this topic and…
Comments from Bank of England rate-setter Megan Greene: Most of the near-term hump in inflation is due to one-off factors We expect inflation to continue to come down to target over medium term Our view is that we can look through it but of course that’s a big risk There is a risk people won’t consume even as rates…
Microsoft Corp. stock price extended its bullish momentum into Friday’s premarket session, building on Thursday’s breakout that briefly pierced the previous all-time high. The current rally has now lifted Microsoft stock above the $470 psychological barrier for the first time, cementing a new record high and reinforcing the stock’s short-term upward trajectory. Microsoft stock hit new all-time high above…
