Minutes of the March policy session of the European Central Bank showed that rate-setters were worried about the impact of the looming trade tariffs and the high uncertainty on the Eurozone economic growth. “Looking ahead, the point was made that the likely shocks on the horizon, including from escalating trade tensions, and uncertainty more generally, […]
Kenneth Fisher Market Analyst A highly experienced financial market analyst with a focus on fundamental analysis, Kenneth Fisher’s daily commentary covers a broad range of markets including forex, equities and commodities. His work has been published in several major online financial publications including Investing.com, Seeking Alpha and FXStreet. Based in Israel, Kenny has been a
The Fitch Ratings agency downgraded its expectations for United States (US) Gross Domestic Product (GDP) growth in 2025 on Thursday, specifically highlighting that the Trump administration’s “Liberation Day” tariff announcement poses a direct risk to US economic health. Key highlights Liberation Day takes US tariff rates back to a level last seen in 1909. US growth in
AI image The Fed is in a tough spot. If these tariffs last, it could lead to 5% inflation in the US this year. Now many would argue that’s a temporary shock that policymakers would look thorough but that harkens back to the the ‘Team Temporary’ talk that is a stain on Powell’s legacy. The
2025.04.03 2025.04.03 Bitcoin vs Dogecoin: A Detailed Comparison Michael Hypovhttps://www.litefinance.org/blog/authors/mikhail-hypov/ Bitcoin and Dogecoin are two distinct crypto projects, yet they share numerous similarities. Doge is a derivative cryptocurrency developed based on the slightly modified Bitcoin protocol. In this article, we will delve into the key differences between BTC and DOGE, assess the investment viability of
Risk-off sentiment swept across global financial markets today following the U.S. announcement of sweeping reciprocal tariffs. The sheer scale, complexity, and breadth of the trade measures surprised investors and rattled confidence. Equities in Europe and Japan suffered broad losses, but the brunt of the selloff appears to be landing squarely on US markets, where the
The UK service sector continued to expand at an accelerated pace in March, spurred by a renewed upturn in new orders, the S&P Global purchasing managers’ survey showed on Thursday. The final services Purchasing Managers’ Index climbed to 52.5 in March from 51.0 in February, below the flash reading of 53.2. A score above 50
EUR/USD soars above 1.1100 as the US Dollar has been hit hard by Trump’s reciprocal tariffs announcement. US President Trump has announced 20% reciprocal levies on the Eurozone. EC von der Leyen vows to retaliate if negotiations with Washington fail. EUR/USD climbs to its highest level since October around 1.1145 in Thursday’s European session and
The eurozone’s private sector economy grew slightly in March, marking the third month in a row of increased business activity and ending the first quarter of 2025 on a positive note. While this was the strongest growth since August 2024, it was still modest and below the survey’s long-term average. Despite a drop in new
2025.04.03 2025.04.03 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 03.04.2025 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 article covers the following subjects: Major Takeaways BTCUSD: The price is expected to decline to the previous low. Consider short positions from the current
The USD/JPY outlook remains strongly bearish after Trump’s tariffs. BoJ and Fed divergence, along with falling US yields, lend more support to the yen. Tariffs pose a threat to Japan’s export-driven economy as well, igniting further uncertainty. The USD/JPY outlook is predominantly bearish as the yen capitalizes on safe-haven appeal due to President Trump’s sweeping
USD/CNY daily chart When Trump was set to win the presidential election last October, this is one chart that clearly shows how China chose to respond. The fear was an escalation in trade conflict as he takes office. And when that didn’t turn out too bad in January, the Chinese yuan managed to find some
Reactions in the US markets to the long-anticipated reciprocal tariff announcement were decisively negative. NASDAQ futures tumbled more than -3%, while DOW futures shed as much as -2% at one point. US 10-year yields plunged below the 4.1% mark, highlighting a strong wave of safe haven flows. The reactions confirm what traders feared most—not just
European Commission President Ursula von der Leyen responded to US President Donald Trump’s ‘reciprocal tariffs’ on Thursday, noting that “US tariffs are a major blow to the world economy.” Additional quotes “The consequences will be dire for millions of people around the world.” “All businesses will suffer.” “There seems to be no order in the
Dealers bullish on Bloomberg chat interface for FX markets – FX Markets End of drawer navigation content Skip to main content Service expanded its API offering to integrate broker chats into banks’ engines for cash FX pricing late last year Bank trading desks are optimistic that initiatives by Bloomberg to open its chat application programming
The latest wave of tariff announcements by Trump is likely to put short-term pressure on risk assets, including equities in both the U.S. and Asia, according to Tai Hui, Chief Market Strategist for Asia Pacific at J.P. Morgan Asset Management. Hui notes that investor concerns are shifting from inflation to the risk of an economic
Australia’s trade surplus decreased to 2,968M MoM in February versus 5,600M expected and 5,156M (revised from 5,620M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday. Further details reveal that Australia’s Exports fell by 3.6% MoM in February from 0.8% (revised from 1.3%) seen a month earlier. Meanwhile, Imports rose by
