Gold is on track to finish the week about $45 lower but you wouldn’t know it from Asia-Pacific trading this week. Every day since the start of the war we’ve seen significant gains in Asian trading, often fading later in the day. That strength is a hint at where the bids are coming from: China.
Manufacturing output in the Philippines expanded by 2.7% year-on-year in January 2026, slightly slower than the upwardly revised 2.8% recorded in December. The deceleration was largely driven by the food products sector, where growth eased sharply to 0.8% from 14.8% in the previous month, even though it still accounted for 53.2% of the overall annual
USD/CAD struggles after registering modest gains in the previous session, trading around 1.3660 during the Asian hours on Friday. However, the downside of the USD/CAD pair could be restrained as the Canadian Dollar (CAD) could face challenges amid lower Oil prices, given Canada’s status as the largest crude exporter to the United States (US). West
South Korea posted a current account surplus of $13.26 billion in January, the Bank of Korea said on Friday. That’s down from $18.70 billion in December. The goods account saw a net $15.17 billion surplus as exports jumped 30.0 percent to $65.51 billion and as imports rose 7.0 percent to $50.34 billion, both compared to
Consumer prices in South Korea were up a seasonally adjusted 0.3 percent on month in February, Statistics Korea said on Friday – beneath expectations for 0.4 percent, which would have been unchanged. On a yearly basis, inflation rose 2.0 percent – unchanged from the January reading but shy of expectations for 2.1 percent. Individually, prices
The clock is ticking on the USMCA joint review and Scotiabank just released a comprehensive report that’s worth a read. “The future of [USMCA] is the single most consequential macro uncertainty facing the Canadian economy this year,” the report says. The good news first: Scotiabank’s baseline is that USMCA gets ratified or extended with limited
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
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Already on the backfoot this morning, Thursday afternoon has seen US stocks shunted even lower as the price of Oil skyrocketed 9% due to the war with Iran. US Oil (WTI) reached a high of $81.64 on Thursday, its highest level since the summer of 2024, while Brent reached $85.85. Higher oil prices are normally
Pres. Trump has replaced Homeland security Sec. Kristi Noem with Oklahoma Sen. Markwayne Mullen. Kristi Noem has been under political pressure due to several controversies involving immigration enforcement, spending decisions, and congressional scrutiny. Immigration enforcement incident A fatal incident involving immigration enforcement agents triggered protests and raised questions from lawmakers about the use of force
The Canadian Dollar had been a victim of a rough stretch since the beginning of Trump’s second term. Isolated by its historic neighbor amid US First policies, the Canadian Economy had been taking a sustained hit, leading to an accelerated cooling. The Land of Maple Syrup is known to be highly cyclical. Structurally, it tends
AUD/USD trades around 0.7010 on Thursday at the time of writing, down 0.95% on the day, as the US Dollar (USD) continues to draw support from relatively strong US macroeconomic data and cautious market sentiment. On the Australian side, the latest data delivered mixed signals. The Australian Bureau of Statistics reported that the trade surplus
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Global markets have shifted into a cautious pause after the relief rally that began on Wall Street yesterday and carried through the Asian session. The initial wave of panic selling earlier in the week has subsided, but investors are not yet ready to push risk assets decisively higher. Instead, trading activity has slowed as markets
The fact that this year’s downtrend line at $71,454 has been breached is another technically positive sign. What is needed now for a medium-term bullish reversal to gain traction is a rise and daily chart close above Wednesday’s $74,071.02 high. If this were to happen, the March 2024 peak at $73,757.39 and the October 2024
US-based employers announced 48,307 job cuts in February 2026, and that is down ~72% compared to the same month last year. Some good news is that through February, employers announced 156,742 job cuts in total. That marks the lowest January-to-February total since 2022. But when you put things into better context, it is the fifth-highest
2026.03.05 2026.03.05 What is Fundamental Analysis in Forex Trading? Michael Hypovhttps://www.litefinance.org/blog/authors/mikhail-hypov/ Fundamental analysis is an approach that primarily examines economic and political indicators of a country, an industry, or a specific company. Unlike technical analysis, it does not focus on charts or price patterns. The goal of a fundamental analyst is to identify cause-and-effect relationships
