UK retail sales logged a strong growth in May as late Spring heatwave pushed up clothing and footwear sales, the British Retail Consortium said Tuesday. Retail sales increased 3.7 percent on a yearly basis in May compared to the 1.0 percent growth in the same period last year. Food sales grew 3.9 percent and non-food
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Macro update Nikkei recovers as chip stocks rebound: Japan’s benchmark index gained 0.95%, led by a strong recovery in semiconductor heavyweights Tokyo Electron (+7.3%) and Advantest (+4.1%) after the previous session’s sharp decline, although SoftBank slipped 2.9%. Asian equities strengthen after recent sell-off: MSCI’s Asia-Pacific index excluding Japan advanced 3.0%, while South Korea’s Kospi jumped
The biggest risk facing oil markets may not be another missile strike in the Middle East. It may be the calendar. Since peaking near $120 in March, Brent crude has fallen back below $95 despite the fact that the Strait of Hormuz remains effectively closed, or at least severely choked, and US-Iran negotiations continue without
Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an
FUNDAMENTAL OVERVIEW USD: The US dollar rallied strongly across the board on Friday as the very hot NFP gain with higher revisions for the prior months served as a wake-up call that the Fed could be forced to raise interest rates. The job gains have been much higher than the estimated breakeven rate lately. The
2026.06.09 2026.06.09 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 09.06.2026 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 Elliott Wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: A small upward correction is forming. Consider long trades with a Take Profit at 64,800.00. XRPUSD:
Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an
Deutsche Bank takes on custodians with automated FX service – FX Markets Skip to main content End of drawer navigation content The service aims to deliver a 90% saving for asset managers on their operational FX execution Deutsche Bank is mounting a direct challenge to the custody banks that dominate operational foreign exchange execution for
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Robust payrolls report lifts equities as Fed outlook shifts United States (US) equity markets closed mostly higher overnight, with the Nasdaq leading the charge following last week’s sharp three-day, 6% sell-off that reached a crescendo on Friday after a blockbuster jobs report. Recapping Friday’s jobs data, the numbers were robust. Non-farm payrolls rose 172,000 in
Silver’s sharp decline this week is about more than rising Fed hike expectations. By breaking decisively below the key $70 level, the metal may have altered one of the market’s most widely accepted assumptions. What was previously viewed as a structural floor supported by supply deficits and industrial demand is now at risk of becoming
The modest confidence improvement offers slim comfort for RBA watchers given the index remains firmly negative across all industries and profitability is the weakest sub-component relative to its long-run average. The drop in capacity utilisation below 82%, the first such reading since early 2025, is consistent with an economy losing momentum and adds to the
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The M2 money stock in Japan was up 2.5 percent on year in May, the Bank of Japan said on Tuesday – coming in at 1,298.1 trillion yen. That follows the 2.3 percent annual increase in April and the 2.0 percent gain in March. The M3 money stock was up 1.7 percent at 1,642.4 trillion
An on-the-record warning from the API chief about SPR operational thresholds will sharpen trader focus on inventory data and the pace of reserve drawdowns. At 350 million barrels, the SPR is approaching the level at which roughly 70 million barrels remain as the functional floor, limiting the government’s ability to intervene in another supply shock.
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