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Bank of America has cautioned that escalating trade tensions—particularly between the U.S. and China—could significantly weigh on corporate profits next year. The bank estimates that tariffs and retaliatory measures could reduce S&P 500 earnings by approximately 9%, with an additional 1% hit stemming from Canadian tariffs. The European Union is also expected to announce countermeasures.
Luxembourg’s inflation eased in March to its lowest level in three months amid a steep fall in petroleum prices and communication costs, preliminary data from the statistical office showed on Monday. The consumer price index rose 1.3 percent year-on-year after a 1.7 percent climb in February. The rate was the lowest since December when inflation
Mexican Peso depreciates over 1% as Trump threatens more China tariffs; risk-off sentiment crushes EM currencies. Peso slumps for second straight day as VIX hits pandemic-era highs, fueling flight to safety into USD. Sheinbaum avoids retaliatory tariffs as Mexico pushes for dialogue; auto sector fears long-term disruption. The Mexican Peso (MXN) plunges against the US
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2025.04.07 2025.04.07 What Are Order Blocks In Forex Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Order blocks in trading refer to specific price areas where large market participants, such as institutional traders, place significant buy or sell orders. Clusters of such orders can impact price movement, liquidity, and market sentiment. On the chart, such an area resembles a chart pattern
There are some nice bids coming into markets at the moment. I expect we had some margin calls early and some panic selling. Now we’re getting some bottom fishing. Shares of Nvidia and Amazon traded into positive territory in a sign of where the buyers are looking to get involved. This article was written by
The global stock market rout continues to deepen today, with no clear signs of easing. Investor focus remains firmly on how the world is responding to the U.S.’s sweeping reciprocal tariffs. While equity markets crumble under the weight of growing uncertainty, developments out of Europe hint at a more constructive path—at least for now. A
White House Trade Adviser Peter Navarro told CNBC on Monday that countries seeking a tariff relief need to lower non-tariff barriers, per Reuters. Key takeaways “Any talk of recession seems silly given expected tax cuts.” “When you ask whether US President Donald Trump is willing to negotiate, the president is always willing to listen.” “Methodology
Gold (XAU/USD) has failed to have a positive follow-through in April after March’s stellar monthly gain of 9.3% despite a global risk-off environment seen in the past two weeks. The stagflation environment arising from the latest US reciprocal trade tariffs may have already been priced into Gold (XAU/USD). Technical factors are taking the driver’s seat
Austria’s wholesale prices decreased for the second successive month in March, figures from Statistics Austria showed on Monday. The wholesale price index dropped 0.2 percent year-over-year in March, following a 0.1 percent fall in February. “The main price dampeners were noticeably lower fuel and mineral oil prices for the second time in a row, while
The USD/JPY forecast shows solid demand for safe-haven assets like the yen. Trump announced new tariffs affecting almost all its trading partners. Market participants are pricing a higher 55% chance of a Fed rate cut in May. The USD/JPY forecast shows solid demand for safe-haven assets like the yen amid growing global economic uncertainty. Meanwhile,
Fundamental Overview The USD has had some mixed performance since the tariffs announcement although overall it’s been marginally stronger except against the safe havens like the Swiss Franc and the Japanese Yen. There’s no real divergence in FX as the market continues to price in more and more cuts for all the central banks. At
2025.04.07 2025.04.07 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 07.04.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The markets collapsed more than expected. The article covers the following subjects: Major Takeaways BTCUSD: Expect a decline in impulse [C]. Consider short positions from the
The global stock market crash showed no sign of slowing today. Hong Kong’s Hang Seng Index returned from a holiday break and promptly plunged over -10% to catch up with last week’s global carnage. Meanwhile, Japan’s Nikkei suffered another dramatic drop of more than -2200 points, or -6.6%. Risk aversion remains the dominant theme as
Industrial production and foreign trade from Germany and house prices from the UK are the top economic news due on Monday. At 2.00 am ET, Destatis releases Germany’s industrial output and external trade figures. Economists forecast industrial output to fall 0.9 percent month-on-month in February, in contrast to the 2.0 percent increase in January. The
USD/CAD attracts some buyers for the second straight day amid a combination of supporting factors. Tumbling Oil prices, domestic political uncertainty, and Friday’s dismal jobs data undermine the Loonie. The risk-off mood benefits the USD’s relative safe-haven status and also acts as a tailwind for the pair. The USD/CAD pair attracts some follow-through buying for
