Microsoft and Meta beat Q1 estimates, fueling AI-linked stock surge and tech-led Dow rally. ISM Manufacturing PMI contracts; jobless claims hit highest since February, raising slowdown concerns. Markets price in 94 bps of Fed cuts for 2025; 2-year yield signals policy shift ahead. The Dow Jones Industrial Average (DJIA) rallied over 100 points, or 0.24%, […]
EURUSD I have been speaking loud about the 1.1271 – 1.1275 area in the EURUSD as a key level for the buyers and sellers (see post here). The level corresponds with the swing high from 2023, and the 61.8% retracement of the move down from the 2020 high to the 2022 low (not shown). Move
U.S. stock index futures climbed on Thursday, driven by tech giants Microsoft and Meta. Microsoft jumped nearly 9% in premarket trading after predicting strong growth for its Azure cloud business, while Meta rose 6.3% thanks to higher-than-expected revenue fueled by strong ad performance. /* Requesting advertisement by calling an endpoint assures that the advertisement is
2025.05.01 2025.05.01 Plug Power Stock Forecast for 2025, 2026, 2027–2030, and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Plug Power Inc. is one of the leading players in the renewable energy sector that has been developing hydrogen technologies since 1997. The company specializes in hydrogen fuel cell systems that replace traditional batteries in electric vehicles, power plants, and industrial
Yen weakness remains the dominant theme in an otherwise range-bound forex market today. While all other major pairs and crosses are contained within yesterday’s trading range, the Japanese currency continues to lose ground as traders react to BoJ’s dovish tone. Governor Kazuo Ueda attempted to soften the impact of the downgraded growth outlook and emphasized
EUR/USD rebounds to near 1.1330 as the USD Index struggles to break above the key level of 100.00. The US Dollar faces pressure due to a weak US economic outlook in the face of Trump’s tariff policy. ECB officials have warned that risks to inflation are skewed to the downside. EUR/USD flattens around 1.1330 during
Wells Fargo’s FX strategy wins over buy-side clients – FX Markets End of drawer navigation content Skip to main content Counterparty Radar: Life insurers looked west for liquidity after November’s US presidential election Wells Fargo’s decision to tilt its foreign exchange business towards institutional buy-side clients is paying off, with the San Francisco-headquartered bank seeing
Gold prices decline as US-China trade deal hopes rise, impacting safe-haven demand. US GDP contracts in Q1 2025, but tariff developments overshadow data releases. Key support levels for Gold (XAU/USD) are identified as bearish pressure builds, with 3200 and 3167 being crucial Gold prices have slipped below two crucial areas of support as hopes of
The USD/CAD forecast indicates a declining US economy. Private employment in the US was lower than expected in March. The US GDP report revealed that the economy contracted by 0.3%. The USD/CAD forecast indicates a declining US economy, putting pressure on the Federal Reserve to lower interest rates in June. At the same time, Canada’s
2025.05.01 2025.05.01 Short-Term Analysis for Oil, Gold, and EURUSD for 01.05.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the 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. Short-term forecast for
The outlook could be less accurate than before We can’t ignore US tariffs But also should not overemphasise their impact If US tariffs are zero or at low level, then quicker rate hike could be possible But no need to raise rates hastily when underlying inflation is stalling For not wanting to put too much
The Netherlands’ retail sales growth rebounded in March largely on the back of higher demand for non-food items, according to data published by the Central Bureau of Statistics on Thursday. Retail turnover adjusted for shopping days rose 3.4 percent annually in March, faster than the 2.2 percent increase in February. Sales have been rising since
Yen weakened broadly today following the BoJ’s decision to leave interest rates unchanged, while significantly downgrading its growth projections for the current fiscal year. Inflation outlook was also softened, with risks of undershooting the 2% target increased, albeit slightly. This backdrop suggests that while BoJ remains on a slow tightening path, policymakers may take a
EUR/GBP may depreciate due to weaker-than-expected preliminary April HICP data from the Eurozone’s largest economies. Markets have largely priced in a 25 basis point rate cut by the ECB at its June meeting. The Pound Sterling weakens as markets are now anticipating a BoE 25 basis point rate cut in May. EUR/GBP holds ground for
London markets will be open for trading though but the other major hubs in Europe are all closed in observance of Labor Day. As such, there will be lighter flows in general but that won’t stop an already busy-looking market to start the new month. The dollar is keeping steadier across the board, keeping with
Australia’s manufacturing activity continued to expand in April but the pace of growth softened as the improvement in demand was restricted to the domestic sector, final purchasing managers’ survey data from S&P Global showed on Thursday. The final manufacturing Purchasing Managers’ Index fell to 51.7 in April from 52.1 in March. The reading matched the
