Trump is still crying about an ad that clearly captured how Ronald Reagan felt about tariffs. This is surely just some kind of squeeze to try to get a better tariff deal. Canada was caught, red handed, putting up a fraudulent advertisement on Ronald Reagan’s Speech on Tariffs. The Reagan Foundation said that they, “created […]
The GBP/USD softened as the dollar strengthened later this week, driven by major US and UK data releases. Traders price in a 25 basis point cut by the Bank of England by year-end. Traders await the FOMC rate decision and Powell’s commentary next week. The GBP/USD weekly forecast remains subdued as the pair consolidates near
Global markets resumed their risk-on momentum last week, buoyed by softer U.S. inflation data, easing political uncertainty, and renewed optimism over global trade. In the U.S., both DOW and S&P 500 climbed to fresh record highs after September CPI figures came in below expectations, cementing confidence that the Fed remains on track to deliver two
The S&P/TSX Composite Index rose by 0.6% to conclude the week at 30,353 on Friday, driven by a cooler-than-anticipated US inflation report that strengthened the likelihood of interest rate cuts by the Federal Reserve, sustaining a robust risk appetite among investors. This offset concerns earlier in the week regarding Canada’s trade situation. All nine sectors
EUR/USD is poised to finish the week with losses of 0.21% yet it remains above the 1.16 figure for the third straight day, capped on the upside by key resistance levels after US data might not deter the Fed from cutting rates. Euro supported by upbeat PMIs; Moody’s warning on France limits upside momentum Inflation
Russia’s central bank unexpectedly reduced its key interest rate for the fourth policy session in a row, citing high inflation expectations and lackluster growth, and signaled that monetary policy will remain tight for an extended period of time. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate by 50
The latest U.S. CPI report showed inflation still running 100 basis points above the Fed’s 2% target, with both headline and core readings at 3.0%. Yet, since that was slightly below the 3.1% consensus, traders viewed it as a modest relief. The data helped reinforce expectations that the Fed will cut rates by 25 basis
Given that next week brings a host of central bank decisions, FX markets could have a busy week. Beyond the data, markets will be focused on the Trump-Xi meeting, Russia-Ukraine developments as well as renewed tensions between the US and both Venezuela and Colombia. Any signs of US military intervention in Venezuela could add to
Gold price erases earlier losses, rises over 0.10% on Friday following the release of the September inflation report in the US, which showed that prices climbed but would not deter the Federal Reserve (Fed) from cutting rates next week. XAU/USD trades at $4,127 after bouncing off daily lows of $4,043, courtesy of a mildly softer
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Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by more than initially estimated in the month of October. The University of Michigan said its consumer sentiment index was downwardly revised to 53.6 from the preliminary reading of 55.0. Economists had expected the consumer sentiment index to
Shares of HUT are up 9.92% or $4.02 at $44.61. This article was written by Greg Michalowski at investinglive.com. Source link
Most Read: WTI Oil: Crude rallies above $60 on fresh US sanctions and US million-barrel purchase The annual inflation rate in the US rose slightly to 3.0% in September, the highest since January, but was still lower than the 3.1% forecast. What Went Up: The biggest push came from Energy prices, which jumped 2.8% due
PBF Energy Inc. (PBF), a major U.S. petroleum refiner, experienced an explosive day on Thursday, surging 15.67% to close at $34.10. This aggressive move was fueled not only by recent analyst upgrades but, more significantly, by the increase in global oil costs due to new U.S. sanctions on Russia. By limiting or halting Russian oil
2025.10.24 2025.10.24 XAU/USD: Elliott Wave Analysis and Forecast for 24.10.25 – 31.10.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 4,007.50 with a target of 4,500.00 – 4,700.00. A buy signal: the price holds above 4,007.50. Stop Loss: below 3,965.00, Take Profit:
Retail sales defy expectations with September surge UK retail sales volumes rose 0.5% month-on-month (MoM) in September, comfortably beating economist forecasts for a 0.4% decline. The positive surprise marks a continuation of the summer’s momentum, with August’s reading revised upward to 0.6% from the initial 0.4% estimate. Annual growth in retail sales accelerated to 1.5%,
2025.10.24 2025.10.24 USD/CHF: Elliott Wave Analysis and Forecast for 24.10.25 – 31.10.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.8080 with a target of 0.7700 – 0.7500. A sell signal: the price holds below 0.8080. Stop Loss: above 0.8120, Take Profit:
