Sterling still set for weekly gain over 0.80% amid broad Greenback weakness earlier in the week. US economy added 139K jobs in May, beating forecasts and reinforcing Fed’s cautious stance on rate cuts. Dollar strength resurfaces, with DXY climbing 0.58% to 99.28, its highest in two days. GBP/USD tumbled during the North American session, down […]
Dollar staged a firm comeback today following slightly better-than-expected non-farm payroll figures, with job growth at 139k and wage growth coming in strong at 0.4% mom. While not a blowout report, the data was enough to alleviate immediate concerns of a sharp labor market slowdown. Stock futures also advanced, suggesting that investors are reassessing the
Deutche Bank is out with a note highlighting that the focus on jobs might be the wrong one. The big change in the US economy is in immigration, which has cratered this year — falling more than 90% from the January 2022 to June 2024 average. They note that this is equivalent to an annual
2025.06.06 2025.06.06 XAU/USD: Elliott Wave Analysis and Forecast for 06.06.25 – 13.06.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Once the correction ends, consider long positions above the level of 3125.72 with a target of 3600.00 – 3800.00. A buy signal: the price holds above 3125.72. Stop Loss: below 3080.00,
Russia’s central bank slashed its benchmark rate unexpectedly by 100 basis points on Friday, as inflationary pressures continued to ease. The board of directors, governed by Elvira Nabiullina, decided to cut the key interest rate to 20.00 percent from 21.00 percent. This was the first reduction since 2022. Economists had forecast the bank to maintain
FX traders are paring back their USD short positions ahead of the US NFP release. US Nonfarm Payrolls are expected to show a 130,000 increase in May. A weaker-than-expected reading might heighten hopes of Fed easing and send the USD lower. The Australian Dollar extends losses below 0.6500 on Friday as traders trim their US
A bromance ends The ‘bromance’ between Trump and Elon Musk has come to an end it seems, as most people suspected it would. The two men, who had been such close allies in the election campaign and in the early months of the administration, took to social media to vent their differences after comments from
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
Markets should not expect cuts at every meeting. It may well be the case that we pause in July. Inflation seen below 2% for some time, we have to remain vigilant. Further cuts would be fine-tuning unless we shift out of baseline scenario. Now that the ECB decision is out of the way, we have
There was a fleeting uptick in sentiment overnight after US President Donald Trump spoke by phone with Chinese President Xi Jinping, calling the conversation “very positive” and announcing renewed lower-level trade talks. However, the initial optimism quickly faded, with major US indexes reversing early gains to end the session lower. The Chinese readout was more
The Japanese Yen attracts sellers for the second straight day in reaction to disappointing domestic data. The optimism over the resumption of US-China trade talks further undermines demand for the safe-haven JPY. The divergent BoJ-Fed expectations should limit JPY losses and cap USD/JPY ahead of the US NFP report. The Japanese Yen (JPY) sticks to
China’s central bank unexpectedly injected 1 trillion yuan (around $139 billion) in three-month cash via outright reverse repos on Friday, a break from its usual practice of conducting such operations at the end of the month. The move appears aimed at easing mounting concerns over interbank liquidity, as borrowing costs rise and financial stress builds
The Australian Dollar may consolidate as traders adopt caution ahead of the US NFP release. President Trump described the call as productive, and negotiations on tariffs are set to continue. US Nonfarm Payrolls could have added 130,000 jobs in May, meanwhile, the Unemployment Rate is expected to hold steady at 4.2%. The Australian Dollar (AUD)
NBC with the report citing Republican senators: Republicans shouldn’t back away from looking at potential changes to Medicare exploring ideas to slash “waste, fraud and abuse” in Medicare, several senators they’re open to looking at other programs, too Sen. Kevin Cramer, R-N.D., said they shouldn’t be afraid of cutting waste in Medicare “Why don’t we
The average of household spending in Japan was down a seasonally adjusted 1.8 percent on month in April, the Ministry of Internal Affairs and Communications said on Friday – coming in at 325,717 yen. That missed forecasts for a decline of 0.8 percent following the 0.4 percent increase in March. On a yearly basis, household
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
The Dow Jones is holding steady as markets await Friday’s NFP report. Despite an overall upbeat tone to equities, market sentiment remains hobbled. The US is heading into trade talks with China, which Trump staffers historically lack the patience for. The Dow Jones Industrial Average (DJIA) held steady on Thursday, chugging quietly near the previous
