People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate […]
US Dollar Index stabilizes around 106.40, hovering near its lowest levels of 2025. Traders anticipate rate cuts, with Fed bets now pricing in two reductions for 2025. US President Trump confirms 25% tariffs on Canada, Mexico, and the EU but delays implementation until April. Markets await the Personal Consumption Expenditures (PCE) data, the Fed’s preferred
The Japanese yen is slightly lower on Wednesday. In the North American session, USD/JPY is trading at 149.25, up 0.16% on the day. Japanese yen flexing muscles What is the best performing G-10 currency against the US dollar this year? Surprisingly, the Japanese yen is the winner, with gains of about 5% against the greenback.
We’re near month-end so I’m not surprised to see some flows driving trade. Cable has been strong in the last 30 minutes or so and that’s likely on fixing flows and perhaps some stops above yesterday’s high. The pair is now trading at the best levels since December 17. cable 10 mins If it can
2025.02.26 2025.02.26 Thrusting Candlestick Pattern: Learn How To Trade It Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ A Thrusting candlestick is a technical analysis pattern that indicates a trend continuation following a correction. It enables traders to predict price action and identify optimal entry and exit points. Technical analysis empowers traders to assess market intricacies and implement optimal trading strategies
Dollar appears to be gathering steam for a stronger, sustainable near-term rebound, although the precise catalyst remains unclear. One contributing factor an undercurrent of risk aversion, which is reflected in the broad selloff in the Australian and New Zealand Dollars. Yet, the overall market picture is mixed, as US stock futures inch higher and Treasury
BP has released what it calls its reset, with a renewed focus on oil and gas, reallocated capital and more cost cutting. All of this is aimed at driving shareholder returns in the long term. Unfortunately, this means reduced shareholder returns in the short term, which has triggered a small sell off in the stock
The Australian dollar has declined by 0.37% on Wednesday and is trading at 0.6320 in the European session. AUD/USD is down for a fourth consecutive trading day and has lost 1.2% during that time. January inflation unchanged at 2.5% Australia’s consumer price index was unchanged at 2.5% y/y for a second straight month in January.
The USD/CAD forecast is bullish as US yields surge. The Canadian dollar remains under pressure amid weaker WTI and tariff fears. Fed speeches and Nvidia’s earnings are key to watch today. The USD/CAD forecast remains elevated as the price posts a fourth consecutive session in gains. The pair is trading at 1.4330 at the time
2025.02.26 2025.02.26 US Dollar Faces Backlash from New Tariff Threats. Forecast as of 26.02.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ As the US economy continues to slow down and the likelihood of a Fed monetary expansion cycle shifts from September to June, the US dollar is experiencing some uncertainty. Let’s discuss this topic and make a trading plan for
Dollar remains stuck in a tug-of-war of conflicting forces. On one side, extended decline in US Treasury yields is pressuring the greenback, while on the other, risk aversion is offering some support. 10-year Treasury yield fell to its lowest level since December, looks on track to test the next Fibonacci support at 4.2%. Bond markets
Coincident index 116.4 Prior 115.4 The assessment of the coincident index is still seen as “halting to fall” and that hasn’t changed since May last year. The leading indicator index itself has been rather bumpy since the middle of last year, so there’s not too much to extrapolate from the data here. This article was
The Australian Dollar remains tepid following the release of the monthly Consumer Price Index. China’s International Trade Representative and Vice Minister of Commerce met with US business leaders to discuss tariffs. The Trump administration considers tightening chip export controls on China. The Australian Dollar (AUD) remains subdued against the US Dollar (USD) for the fourth
Fox Business reporter Charlie Gasparino is repeating some of the earlier reporting about an investment fund and minerals deal with the US. His report also has this interesting tidbit: “They expect Zelenskyy also to agree to concessions in terms of ceding control of some land for peace.” Now that could just refer to the small
