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 […]
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Hong Kong will on Friday release Q1 numbers for industrial production and producer prices, highlighting a light day for Asia-Pacific economic activity. In the previous three months, production was up 5.7 percent on year and producer prices rose an annual 9.5 percent. China will see May numbers for M2 money stock, with forecasts suggesting no
A potential US-Iran agreement removed a major geopolitical risk premium from markets, sending crude lower, bonds higher, and equities sharply higher. While questions remain about whether Tehran formally signs off on the proposal, investors clearly preferred pricing in diplomacy over missiles. — Trump cancels Thursday strikes on Iran, says deal near complete with weekend signing
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Trump writes: Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I have, as President of the United States of America, cancelled the scheduled strikes and bombings against Iran this evening. Discussions and final points have been, in both concept
Freddie Mac publishes a 30 year fixed-rate mortgage average for the week. In the current week, the average moved up from 6.48% to 6.52%. That is the highest rate for the year and the highest rate going back to August 25 when the yield was at 6.56% . Looking at the chart, there is a
Partly reflecting a continued spike in energy prices, the Labor Department released a report on Thursday showing a bigger than expected increase in U.S. producer prices in the month of May. The Labor Department said its producer price index for final demand shot up by 1.1 percent in May, matching a downwardly revised jump in
The Euro was broadly steady after the ECB delivered its widely anticipated 25 basis point rate hike, as traders quickly shifted their attention back to the Middle East. While the central bank raised inflation forecasts and lowered growth projections, the decision largely matched expectations. More importantly, policymakers offered no guidance on what comes next, leaving
ETF flows remain relatively resilient Although XRP has joined the broader crypto sell-off, ETF flows have continued to compare favourably with those seen in Bitcoin and Ethereum. Throughout early May, spot XRP ETFs attracted strong institutional demand, recording one of their best months since launch while competing crypto funds experienced substantial redemptions. During the final
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FUNDAMENTAL OVERVIEW USD: The US dollar has been consolidating against most major currencies since Monday. The US CPI report yesterday came mostly in line with expectations and helped alleviate some of the most hawkish fears. The market pricing hasn’t changed though as traders continue to price in 24 bps of tightening by year-end, down very
2026.06.11 2026.06.11 Gold Slumps as Key Sources of Support Fade. Forecast as of 11.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ An unfavorable macroeconomic backdrop, fading support from central banks and ETFs, and the bubble burst have sent gold into a tailspin. Attention is now turning to potential catalysts, including the Federal Reserve’s policy decisions and the anticipated SpaceX IPO.
UK house prices continued to decline and sales activity indicators remained negative as challenging macroeconomic conditions weighed on demand but some measures showed signs of stabilization in the property market, the Residential Market Survey results from the Royal Institution of Chartered Surveyors, or RICS, showed Thursday. The house price balance posted -35 percent in May,
2026.06.11 2026.06.11 US Dollar Ignores Bullish Signals. Forecast as of 11.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ It would seem that the dollar has everything going its way. Inflation in the US has accelerated to 4.2%, keeping the likelihood of a Fed rate hike elevated. Geopolitical risks are mounting, while global risk appetite is waning. Why is the greenback
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