Bank of Japan (BOJ) Deputy Governor Shinichi Uchida spoke earlier: Uchida reaffirmed his hawkish stance, stating that the central bank will continue raising interest rates if its economic forecasts are met. Speaking on the ongoing policy shift, he noted that Japan’s exit from its long-standing ultra-loose monetary policy has only just begun. Despite recent adjustments, […]
China’s Services Purchasing Managers’ Index (PMI) unexpectedly firmed to 51.4 in February from 51 in January, the latest data published by Caixin showed Wednesday. The market consensus was for a 50.8 reading. AUD/USD reaction to China’s Services PMI At the time of writing, the AUD/USD pair is trading modestly flat on the day just above 0.6250, unimpressed by
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
2025.03.04 2025.03.05 Economic Calendar for the Week 10.03.2025 – 16.03.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Markets are facing ongoing fluctuations due to a series of developments in the global political and trading landscape. Heightened volatility and turbulence continue to influence trading. In the upcoming week, 10.03.2025 – 16.03.2025, market participants will focus on the publication of important macro
Brent crude oil prices have fallen to a six-month low due to OPEC+’s decision to increase output. The US has announced the end of Chevron’s license to operate in Venezuela, an OPEC member. Market participants are also concerned about potential easing of sanctions on Russia, which could increase oil supply. Delayed talks to restart oil
United States (US) President Donald Trump will address Congress from the US Capitol at around 02:00 GMT Wednesday, marking his first appearance before lawmakers since retaking the White House. He’s expected to outline his vision for a wide range of domestic and foreign policy initiatives. In his second term, President Trump has wasted no time
Dollar fell broadly today, an unusual development in contrast to recent rallies on escalating trade tensions and tariff announcements. Market sentiment soured as traders began to weigh the risks of a “Trumpcession,” a new term coined to describe the potential for US President Donald Trump’s policies to drive the economy into contraction or a full-blown
Fundamental Overview The USD is losing ground against the major currencies as the market continues to price in more easing by the end of the year. The market is now expecting three rate cuts by the end of the year which is in stark contrast to just one seen a couple of weeks ago. The
2025.03.04 2025.03.04 Tezos (XTZ) Price Forecast for 2025, 2026, 2027–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Tezos is an innovative blockchain project launched in 2018. The XTZ token has garnered significant interest from investors owing to its distinctive attributes, such as the Liquid Proof-of-Stake (LPoS) mechanism and the on-chain governance system. Besides, the platform is extensively utilized
The USD/CAD outlook shows widening fears of trade wars. Trump’s 25% tariff on imports from Canada and Mexico took effect Tuesday. The US president imposed an additional 10% tariff on Chinese goods. The USD/CAD outlook shows widening fears of trade wars after Trump implemented tariffs on China, Canada and Mexico. The fears have pushed traders
Banks, the buy side and brokers are increasingly adopting automation from the beginning to the end of trading workflows, to optimise execution speed and efficiency. This evolution has been particularly evident in foreign exchange trading, where algorithmic decision-making has become more prevalent across desks, driven by the need to respond instantly to market data shifts.
Japan’s consumer sentiment decreased unexpectedly in February to the lowest level in almost two years, survey data from the Cabinet Office showed on Tuesday. The seasonally adjusted consumer confidence index weakened to 35.0 in February from 35.2 in January. Meanwhile, economists had forecast the index to rise to 35.7. Further, the latest reading was the
Japanese Prime Minister (PM) Shigeru Ishiba said on Tuesday that “Japan is not pursuing so-called currency devaluation policy.” Ishiba further noted that they “have had no phone call from US President Trump regarding forex policy.” Market reaction The Japanese Yen (JPY) is recovering some ground against the US Dollar (USD) following these comments. At the
Commonwealth Bank of Australia (CBA) CEO Matt Comyn Australia’s easing cycle would be “slower and shallower” than what people had been expecting further rate cuts would not arrive until later in the year Australia “clearly not out of the woods” when it came to inflation further rate cuts would “hinge on [economic] data points”. ***
Bitcoin’s (BTC/USD) price experienced significant volatility, dropping to $78k before rising to $95,000 due to Trump’s cryptocurrency reserve comments, then settling around $86k. Open interest for Bitcoin is at a six-month low, which historically has preceded price jumps. Spot Bitcoin ETF flows saw a $94.3 million investment on the last day of February, ending a
