US Dollar Rebounds as Fed Turns Hawkish: What It Means
The US dollar is rebounding sharply as rate cut expectations give way to hike bets. We explain the key drivers and what it means for traders. Source link
The US dollar is rebounding sharply as rate cut expectations give way to hike bets. We explain the key drivers and what it means for traders. Source link
Global forex markets turned notably quieter on Thursday as major currency pairs and crosses consolidated within Wednesday’s ranges. The pause came despite a sharp improvement in risk sentiment after Micron delivered blockbuster quarterly earnings, easing concerns that this week’s technology selloff had marked the beginning of a broader unwind in the AI trade. Asian equities
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2026.06.25 2026.06.25 8 Best Crypto Day Trading Strategies Every Trader Should Know Maxim Tkachenkohttps://www.litefinance.org/blog/authors/maxim-tkachenko/ Crypto day trading revolves around managing probabilities in a highly volatile crypto market. Every day, the cryptocurrency market offers hundreds of opportunities to profit from short-term price movements. Yet consistently generating profits remains a challenge for most participants. According to cryptocurrency
The USD is marginally higher to start the North American session. The USDJPY continues to hold the bullish bias and tests multi-decade highs at 161.95. The high reached 161.94 just short of that level. The currenl price is just below that level at 161.88. The EURUSD and GBPUSD both threatened to push higher toward the
Hong Kong’s exports rose 40.8% year-on-year to HK$611.2 billion in May 2026, the slowest pace in three months and down from April’s more than five-year peak of 42.9%. Growth eased across several key categories, most notably telecommunications and sound recording equipment (37.6% vs 54.6% in April), miscellaneous manufactured articles (29.6% vs 48.3%), power-generating machinery and
Spain producer price inflation increased at the fastest pace since late 2022 in May on higher energy prices, the statistical office INE said Thursday. Producer prices increased 10.5 percent on a yearly basis in May, faster than the 8.5 percent increase seen in April. The latest growth was the fastest since December 2022. Data showed
Australia’s latest economic data were supposed to answer one question: has April’s oil shock weakened the economy enough to keep the Reserve Bank of Australia comfortably on hold? Instead, they delivered a more complicated answer. AUD/USD has begun to stabilize after a sharp selloff this week, reflecting a data flow that was mixed at first
Spain Q1 2026 final GDP +0.6% vs +0.6% q/q prelim Prior (Q4 2025) +0.8% As for the annual estimate, it shows the Spanish economy growing by 2.7% year-on-year in Q1 2026. The details show that domestic demand contributed 0.5% to quarterly GDP growth, with external demand only contributing 0.1%. In terms of aggregate demand, household
Australia’s unemployment rate dropped marginally in May, data published by the Australian Bureau of Statistics said Thursday. The jobless rate stood at 4.4 percent in May, down from 4.5 percent in April and in line with expectations. The number of employed increased by 40,300 from the previous month to 14.74 million. Data showed that full-time
Australia’s 10-year government bond yield hovered around 4.7%, near a four-month low, as sliding oil prices and narrowing yield differentials—driven by expectations of a more hawkish US policy stance—more than offset a rebound in domestic employment data. The economy added 40,300 jobs in May, recovering from a revised loss of 40,600 positions in April and
The battle in Silver has entered a far more important stage. Breaking below $60 is psychologically significant, but the market’s attention is already shifting to another level roughly ten dollars lower. Around $50 sits one of the strongest combinations of technical and fundamental support on Silver’s chart. Whether that area survives the current wave of
Equities: Regular-session trading saw the S&P 500 edge down 0.1% and the Nasdaq-100 drop 0.4%. However, Micron’s massive post-market Q3 beat sent its shares up 15% to $1,213 in after-hours trading, triggering a wave of buying that lifted major semiconductor and hardware indices across the Asia-Pacific region. The Dow Jones (DJIA) added 0.4% during cash
The April revision from minus 18,600 to minus 40,700 is the number that reframes the entire report. The two-month average across April and May now sits at essentially flat, which is a materially weaker picture than the May headline alone implies and aligns with the gradual softening narrative the RBA has been willing to tolerate
Australian shares fell 39 points, or 0.4%, to 8,773 in Thursday’s morning session, reversing a modest gain in the previous trading day. The pullback tracked continued weakness on Wall Street, where the S&P 500 and Nasdaq slipped overnight following a sharp sell-off in tech stocks earlier in the week. Sentiment was also dampened by caution
Gold held near $4,000 an ounce on Thursday, hovering close to its lowest level in almost eight months as a stronger US dollar and mounting expectations of further Federal Reserve rate hikes continued to pressure prices. The dollar climbed to its highest level in more than a year against a basket of major currencies, making
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade