Positive developments out of Asia offered some encouragement to global investors today, though market responses remained muted. China unveiled a wide-ranging stimulus package, cutting both its seven-day reverse repo rate and the reserve requirement ratio to inject liquidity to stabilize the economy. In parallel, officials from the US and China announced plans to hold a […]
S&P 500 futures are now up 0.6%, getting a shot in the arm from the headlines above. China then doubled down to bolster risk sentiment further in Asia trading, by delivering a host of supportive measures including a slew of rate cuts. Eamonn’s got the summary on that here before adding one more to the
Gold price struggles to capitalize on its weekly gains registered over the past two days. The optimism over US-China trade talks is seen weighing on the safe-haven commodity. Investors now look to the crucial FOMC policy decision for a fresh directional impetus. Gold price (XAU/USD) recovers slightly from the Asian session low, around the $3,360
AUD/USD gains ground following the release of domestic mid-tier economic data on Wednesday. US Treasury Secretary Bessent and Trade Representative Greer are set to meet with Chinese Vice Premier He Lifeng in Geneva. The Fed is expected to hold rates steady later in the North American session. The AUD/USD pair continues its upward momentum for
Gold wobbled near its high on the news of India’s attack on terrorist sites in Pakistan: India Launches Missile Strikes on Alleged Terror Camps in Pakistan But it dropped hard after the US/China trade talks news broker: “Sources” say US’ Bessent and Greer to meet with China rep on Economic Matters this week Its down
GBP/USD rallied on Tuesday, bolstered by headlines of an incoming US-UK trade agreement. Specific details remain limited, but GBP markets were buoyed by hopes to avert US tariffs. The Pound Sterling settled 0.4% higher against the Greenback after testing 1.3400. GBP/USD rose on Tuesday, climbing four-tenths of one percent on the day and testing the
gold daily The gold buyers are back in a big way following the holiday in China and other parts of Asia. Gold surged yesterday and traced out an outside bullish reversal. That pattern extended today in a powerful signal for gold buyers. If we close here it will be the second-best closing level ever and
The Eurozone Services PMI was revised higher to 50.1 in April from an initial reading of 49.7. This was below the March reading of 51.0 and barely above the 50-level which separates expansion from contraction. New orders were down and business confidence fell for a fourth straight month as purchasing managers are concerned about the
EUR/JPY bounces back from below 162.00 as German Friedrich Merz is confirmed as new Chancellor. German Merz failed to secure an absolute majority in the first voting process at the Bundestag. Trump’s tariff threats on pharmaceutical imports have increased the JPY’s safe-haven demand. The EUR/JPY pair rebounds above 162.00 during the North American trading session
Fed expected to hold rates steady despite slowing growth The Federal Reserve (Fed) is widely expected to keep interest rates unchanged at its upcoming policy meeting on 7 May, maintaining its cautious stance despite signs of slowing economic growth. Markets have gradually adjusted to this reality, with expectations for multiple rate cuts in 2025 being
2025.05.06 2025.05.06 Silver Price Forecast & Predictions for 2025, 2026, 2027–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ First and foremost, silver is a tangible commodity recognized for its intrinsic value. Therefore, a key characteristic of this metal is that its price cannot reach zero. Silver is valued for its malleability and ductility. It is harder than gold and
Both Swiss Franc and Euro are under some selling pressure today, especially against Sterling. The Franc suffered after SNB Chair Martin Schlegel signaled the willingness to reintroduce negative interest rates if deflationary risks persist. Meanwhile, Euro came under pressure as fresh political instability emerged in Germany CDU/CSU leader Friedrich Merz’s failure to secure a parliamentary
(Video transcript) This week’s trading opportunity Axel Rudolph: Hello and welcome to “Trade of the week” on Tuesday 6th May, 2025. And unfortunately for me, or for you actually, we are already well on our way for this new trade. And if you look at it, it’s going short USD/JPY. And, for those of you who
Most Read: Markets weekly outlook – Central Banks in focus as risk appetite improves U.S. stock futures suggest a second day of losses. Palantir’s stock fell 9% in early trading after disappointing results. Ford’s stock also dropped after pulling its financial outlook and warning about the impact of tariffs. /* Requesting advertisement by calling an
The USD/CAD outlook shows renewed tariff uncertainty in the US, dragging the dollar lower. The greenback rebounded last week after Trump said there was significant progress in trade talks. Business activity in the US services sector expanded further. The USD/CAD outlook shows renewed tariff uncertainty in the US, dragging the dollar lower. The greenback fell
