President Trump is set to impose an additional 25% tariff on imports from India. The move is aimed squarely at penalizing New Delhi for its continued purchases of Russian oil, despite U.S. pressure to curtail such trade. The tariff also comes against the backdrop of expectations for further sanctions on Russia, as Washington seeks to […]
Slovakia’s retail sales declined for the fifth straight month in June, figures from the Statistical Office of the Republic of Slovenia showed on Wednesday. Retail sales fell 0.4 percent year-on-year in June, slower than the 1.8 percent decrease in May. The most significant negative impact was the turnover decline of e-shops and mail orders by 4.8 percent,
The pharmaceutical sector has been one of the standout performers in recent years, driven largely by breakthrough treatments in diabetes and obesity. But Novo Nordisk’s latest results serve as a reminder that even the most promising growth stories can hit bumps along the way. The Danish company’s second-quarter (Q2) numbers have sent shockwaves through the market,
The New Zealand dollar continues to have a quiet week. In the European session, NZD/USD is trading at 0.5923, up 0.37% on the day. The kiwi has been under pressure, falling 3.4% against the US dollar in July. New Zealand’s unemployment rises, job growth declines New Zealand’s employment report for Q2 was pretty much as
AUD/JPY may find primary support at the 50-day EMA of 95.07. The 14-day Relative Strength Index is positioned on the 50 mark, indicating a neutral bias. The immediate resistance appears at the nine-day EMA of 95.98. AUD/JPY continues to gain ground for the second successive day, trading around 95.90 during the European hours on Wednesday.
That is the highest reading since February 2023 as the construction downturn in Germany shows further signs of easing in July. Looking at the details, a lot of this owes to a renewed rise in commercial building work (chart below). That being said, firms continued to cut both workforce numbers and purchasing activity, citing a
2025.08.06 2025.08.06 Short-Term Analysis for Oil, Gold, and EURUSD for 06.08.2025 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. Gold is trading
Ireland’s service sector activity expanded at the weakest pace in one-and-a-half years in July amid slower rises in output and new business, data released by S&P Global showed on Wednesday. The AIB Ireland Services Purchasing Managers’ Index fell to 50.9 in July from 51.5 in June. However, any reading above 50 suggests expansion in the
The euro has staged a remarkable bullish reversal against the US dollar last Friday, 1 August, ex-post weaker-than-expected US non-farm payrolls data release. The EUR/USD jumped by 1.5% which put a halt to the prior week-long corrective decline from the 24 July 2025 swing high of 1.1789. Since Monday, 4 August, the EUR/USD has drifted
When is Tencent reporting Q2 2025 earnings? Tencent will announce its second-quarter results after Hong Kong markets close on Wednesday, 13 August 2025. The company will hold its earnings conference call at 8.00pm (Hong Kong time) to discuss financial performance. The Chinese technology conglomerate has established itself as one of the world’s most valuable companies.
Taro Kono has been calling for higher Bank of Japan rates since at least the middle of 2024. He is at it again, saying in a new conference its necessary to raise rates to boost JPY: cited the problems generated by the yen’s weakness against the dollar, including the inflationary effect on domestic prices USD/JPY
The Japanese Yen attracts some dip-buying, though it lacks bullish conviction. Weak real wages data from Japan tempers BoJ rate hike bets and caps the JPY. Rising September Fed rate cut bets weigh on the USD and the USD/JPY pair. The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on
The price actions of the Japan 225 CFD Index (a proxy for the Nikkei 225 futures) have staged a recent decline of -5.5% from its intraday high of 42,084 on 24 July 2025 (around 1% away from its all-time high of 42,513, printed in July 2024) to hit a low of 39,980 on 1 August
The unemployment rate in New Zealand came in at a seasonally adjusted 5.2 percent in the second quarter of 2025, Statistics New Zealand said on Wednesday. That was lower than forecasts for 5.3 percent but still higher than 5.1 percent in the three months prior. New Zealand employment shed 0.1 percent on quarter, in line
In a sign of changing economic dynamics in the Land of the Rising Sun, Japan has released its latest figures for overtime pay. As of June 2025, the overtime pay growth rate has declined to 0.90%, a noticeable slowdown from the 1.40% recorded in May of the same year. This data, updated as of August
2025.08.05 2025.08.06 Weekly Economic Calendar for 11.08.2025–17.08.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Markets are gradually adapting to the new realities of international trade and discouraging data from the US labor market. Trade wars remain a major source of uncertainty. Still, investors are trying to stay optimistic. Following another correction, major US stock indices are once again on the
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
