GBP/USD surges past 1.3500 to a three-year high on strong UK Retail Sales, weak US Dollar Pound Sterling advances as UK Retail Sales data beats estimates GBP/USD rebounds above 1.3450 toward 39-month highs, UK Retail Sales eyed Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and […]
Week in Review: Bitcoin all-time highs, Weaker Dollar in another volatile week The US Dollar was once again on the main stage this week as we have observed initial market reactions after last Friday’s US Credit Rating Downgrade by Moody’s Agency.The Dollar Index (DXY) went back below the 100.00 level, Longer-end yields in US Treasury
Christian Norman Financial Writer Christian Norman is a Financial Writer for OANDA, offering market commentary on both a technical and fundamental basis. With years of experience as a trader, his passion for market technicals helps guide his analysis across a broad range of asset classes and instruments. Christian Norman is a Financial Writer for OANDA,
The NZDUSD is stretching to new highs for the day and also new highs for the week (highest level since May 8). That move has taken the price above the 0.59664 from Wednesday, which also was near the high price going back to last week on May 14. Getting above that level is a bullish
2025.05.23 2025.05.23 Gold Price Forecast & Predictions for 2025, 2026, 2027-2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Gold is popular among investors and often serves as a “safe haven,” a financial asset that helps preserve capital during economic instability. Forecasting the price of this instrument requires a comprehensive analysis of economic, political, and financial factors, as well
Global financial markets are thrown back into turmoil today after US President Donald Trump reignited trade tensions by announcing he would recommend a sweeping 50% tariff on EU imports starting June 1. In a pointed social media post, Trump accused the EU of stonewalling negotiations, declaring that discussions were “going nowhere.” The announcement came on
The New Zealand dollar has surged on Friday. In the European session, NZD/USD is trading at 0.5950, up 0.90% on the day. New Zealand retail sales blow past estimate New Zealand ended the week on a high note, as retail sales climbed 0.8% q/q in the first quarter. This crushed the market estimate of 0.1%
The US Dollar Index sees the previous day’s relief rally pared back in full on Friday. Trump hints to tariffs for EU and starts to target domestic companies as well, with Apple’s Iphone facing 25% tariff. The US Dollar Index extends losses and is on its way to test a fresh two-week low near 99.14.
The collapse wasn’t sudden but rather a gradual erosion of confidence as quarterly earnings repeatedly disappointed analysts’ expectations. Revenue growth slowed significantly whilst losses continued to mount, raising questions about the company’s long-term viability. Supply chain challenges and production issues further damaged the company’s reputation. Beyond Meat struggled to maintain consistent product quality whilst scaling
Kingfisher’s current market position and expectations Kingfisher PLC, the parent company of B&Q, Screwfix, Castorama, and Brico Dépôt, is poised to release its first quarter (Q1) 2025/26 trading update on Wednesday, 28 May 2025 amid a complex retail environment characterised by shifting consumer behaviours, macroeconomic pressures, and strategic transformation. In the previous fiscal year, Kingfisher
2025.05.23 2025.05.23 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 23.05.2025 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 rise in the final part of the bullish impulse. The recommendation
The USD/CAD forecast indicates a growing likelihood that Trump’s tax bill will be passed into law. Traders are pricing a 67% chance of a Fed rate cut in September. Market participants are pricing a 27% chance of a BoC rate cut in June. The USD/CAD forecast indicates a growing likelihood that Trump’s tax bill will
Dollar is once again under pressure in a relatively calm Asian session, as broader financial markets appear to have stabilized following the earlier bout of volatility driven by US deficit and debt concerns. Wall Street closed the day nearly flat with little direction, while US 10-year Treasury yield held above the 4.5% level after recent
Trump pushes EU to cut tariffs or face extra duties. US trade representative Greer preparing to tell EU counterpart Sefcovic that recent “explanatory note” falls short of US expectations. US negotiators to tell Brussels they expect unilateral concessions. Well, it’s been pretty clear that trade deals with EU and Japan were going to be harder
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WTI price drifts lower to near $60.75 in Friday’s early Asian session. Oil inventories rose by 1.328 million barrels in the week ended May 16, according to the EIA. The US and Iran will hold fresh nuclear talks on Friday. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.75 during the Asian
