The USD moved higher in the early Asian Pacific session as the ups-and-downs from Pres. Trump continued. He eased rhetoric on China which was the topic yesterday after comments from Treas Sec.Bessent that the standoff with China — which he said was essentially an embargo — is unsustainable and that he expects it to de-escalate. […]
USD/CAD retraces to near 1.3800 as the US Dollar surrenders initial gains. US President Trump has signaled a de-escalation in the tariff war with China. A sharp decline is expected in the USD/CAD pair if it breaks below the upward-sloping trendline around 1.3800. The USD/CAD pair retreats from the high of 1.3860 posted earlier in
2025.04.23 2025.04.23 Brent Edges Higher on New Iran Sanctions. Forecast as of 23.04.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ As a rule, when you expect an asset to decline, it is an opportune time to purchase it. For example, Brent looked unambiguously bearish against the backdrop of US tariffs. Let’s discuss this topic and make a trading plan. The
The USD/JPY price analysis shows a relief rally in the dollar. Trump told reporters he had no intention of removing Powell from office. Market participants are expecting business activity data from the US. The USD/JPY price analysis shows a relief rally in the dollar after Trump paused his attacks on the Fed. Meanwhile, market participants
Stock prices rose, and the dollar gained slightly as the Trump administration eased tensions that had recently unsettled financial markets. President Trump’s comments last night boosted sentiment and once again proved that his outbursts should at times be taken with a pinch of salt. Any concerns about Federal Reserve independence appear to have been put
2025.04.23 2025.04.23 US Dollar Retains Its Edge. Forecast as of 23.04.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Markets exhibited an excessive degree of distrust in the US dollar, resulting in a widespread sell-off of US assets. As soon as the US administration eased its stance toward the Fed and China, EURUSD bears started to push the quotes lower. Let’s
US stock staged a strong rebound overnight, erasing all of Monday’s steep losses as risk sentiment recovered on signs of potential de-escalation in US-China trade conflicts. The sharp reversal in equities was driven by multiple headlines suggesting a thaw in relations, including comments from US Treasury Secretary Scott Bessent and President Donald Trump that tariffs
There is just one to take note of on the day, as highlighted in bold. That being for EUR/USD at the 1.1400 level. That might offer some attraction in keeping price action more centered around the figure level in the session ahead. But as has been the case in the past two weeks, there are
Gold price rebounds from the Asian session trough as the USD stalls its recovery from a multi-year low. The weakening investors’ confidence in the US economy and Fed rate cut bets weigh on the Greenback. The optimism over easing US-China tensions remains supportive of the risk-on impulse and caps the XAU/USD pair. Gold price (XAU/USD)
The manufacturing sector in Japan continued to contract in April, albeit at a slower rate, the latest survey from Jibun Bank revealed on Wednesday with a manufacturing PMI score of 48.5. That’s up from 48.4 in March, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. Helping to lift the
The times listed below are in GMT/US Eastern time format: 0600/0200 The governor of the Bank of England, Andrew Bailey, the chief economist of the European Central Bank, Philip Lane scheduled 1030/0630 Bank of England Chief Economist Huw Pill speaks at the Leeds University Business School 1630/1230 Bank of England Governor Andrew Bailey speaks at
2025.04.22 2025.04.23 Weekly Economic Calendar for 28.04.2025–04.05.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The previous trading week was shorter due to Easter Monday, with banks and stock exchanges closed in many countries. The upcoming week will be similarly brief, as European and Chinese markets will close on Thursday for Labor Day, leading to lower trading volumes. However, the release
EUR/USD slumps to near 1.1355 in Wednesday’s early Asian session, down 0.58% on the day. Trump said he had no intention of firing Fed’s Powell, despite being frustrated with the high interest rates. Traders ramp up ECB rate cut bets in the June meeting. The EUR/USD pair attracts some sellers to around 1.1355 during the
Comments from Citigroup’s Chief Economist via a Reuters report ICYMI. In brief: “Tariffs are a stagflationary shock to the U.S. economy” 40% to 45% chance of recession expects Q2 GDP up, driven by consumers making purchases ahead of tariffs coming into effect largest negative impact on U.S. growth is expected during H2 market reaction to
