The range has been fairly tight in US stock markets today but some sellers just took a leg lower after hitting stops below the earlier double bottom. At 0.4%, the move today isn’t large but it’s disappointing after some seeming progress between the US and China. I warned about a ‘sell the fact’ trade on […]
United States (US) President Donald Trump said on Truth Social on Thursday that he had a “very good phone call” with Chinese President Xi Jinping, during which they discussed the intricacies of the trade deal. “The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both countries,” Trump
Euro surged against Dollar after ECB President Christine Lagarde struck a relatively confident tone in her post-meeting press conference. She downplayed immediate trade war fallout, stating that U.S. tariffs would likely impact growth more in 2026, by which time EU fiscal expansion—particularly military spending—would help cushion the blow. Also, Lagarde emphasized that the ECB is
The Euro is rallying despite the 25bps cut from the European Central Bank from this morning. The ECB Deposit Rate is now at 2% from 2.25%. The fact that the markets had the cut priced in (well-expected) led to prices were broadly unchanged – markets seesawed but came right back to their level from the
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2025.06.05 2025.06.05 Gold Prepares for Bull Run After Short Breather. Forecast as of 05.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Since the end of April, gold has remained in a state of consolidation. Investors believe that trade wars have begun to subside. In this case, the monetary policy and the slowdown in the US economy have provided a favorable
The USD/CAD forecast shows a cautious Bank of Canada that has boosted the Canadian dollar. Market participants are pricing a 45% chance of a BoC rate cut in July. Data revealed weaker-than-expected US private employment. The USD/CAD forecast shows a cautious Bank of Canada that has boosted the Canadian dollar. At the same time, downbeat
In a modest upturn, the UK Construction Purchasing Managers’ Index (PMI) rose to 47.9 in May 2025, up from 46.6 in April, according to the latest S&P Global report. Released on 5th June 2025, this data indicates a cautious movement towards recovery for the construction sector. Despite the May increase, the PMI reading still hovers
The decline in activity was steeper than in April but there looks to be some improvement in fortunes, led by a continued recovery in civil engineering activity. Homebuilding and commercial activity continues to stutter though but firms’ expectations for the coming year improved markedly to turn positive for the first time since the start of
2025.06.05 2025.06.05 Short-Term Analysis for Oil, Gold, and EURUSD for 05.06.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Oil continues to trade in
Singapore’s retail sales increased for the second straight month in April, though at a slower pace, preliminary data from the Department of Statistics showed on Thursday. Retail sales rose 0.3 percent year-on-year in April, following an upwardly revised 1.3 percent rebound in March. Sales excluding motor vehicles increased 0.8 percent from last year versus a
The US markets remain remarkably steady overnight despite a string of soft US economic releases overnight. Disappointing job and services data failed to trigger any meaningful selloff in equities, while Dollar edged slightly lower. Market pricing for Fed policy remains broadly unchanged, with a 96% chance of a hold at the upcoming meeting and a
USD/CHF trades cautiously around 0.8200, while investors await key US NFP data for May. Disappointing US ADP Employment and ISM Services PMI data for May have battered the US Dollar. The Swiss CPI deflated by 0.1% in May, paving the way for more interest rate cuts from the SNB. The USD/CHF pair trades with caution
Major currencies are not doing all too much in the new day with lights changes being observed ahead of European trading. This comes after the dollar fell back again yesterday, continuing the back and forth movements since the start of the week. That is exemplified by USD/JPY which fell over 150 pips on Monday before
Foreign exchange structurers are seeing increased demand from US corporates for options-based hedges that can limit losses on their net investment hedges caused by the US dollar’s selloff. While the economic value of derivatives hedges offsets changes in foreign assets, when those positions hit maturity companies can face hefty mark-to-market payments. Bank structurers, though, say
President Donald Trump expressed strong disapproval of Federal Reserve Chair Jerome Powell on Wednesday, criticizing him for not implementing interest rate cuts. This demand came in the wake of ADP’s report indicating the weakest private sector job growth since March 2023. Via Truth Social, Trump noted, “Europe has lowered nine times!” His recent encounter with
