Mexican Peso advances as USD/MXN plunges below 19.90, down over 1%. The Peso shrugs off Mexico’s weak industrial output and declining consumer confidence fueling recession concerns. US consumer sentiment plunges amid rising inflation expectations, driven by upcoming Trump administration tariffs. The Mexican Peso (MXN) rallied against the US Dollar (USD) on Friday, ignoring softer-than-expected economic […]
The new Canadian Prime Minister Mark Carney was sworn in today replacing Justin Trudeau. Carney is saying that: This is a time of great consequence for our country The government is to improve affordability and make Canada more secure He plans to go to France and UK Hopes to have a call with Trump,but does
EUR/USD briefly heads back to 1.0900 on a flurry of headlines on Friday. The World Trade Organization could examine if US President Trump’s tariff policy is illegal. Markets have a sign of relief on the odds of a spending bill being passed, avoiding the US government shutdown, later this Friday. The EUR/USD pair edges higher
2025.03.14 2025.03.14 How to Win $50,000 in LiteFinance Challenge and Earn from Referrals? Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ LiteFinance’s 20th Anniversary Challenge is not only a chance to compete for a part of the $1,000,000 prize fund and attend a luxurious gala dinner but also a great opportunity to boost your income. The results of two monthly stages
Euro jumped notably higher following reports that Germany’s political leaders have reached a crucial agreement on the historic debt deal. According to sources close to the negotiations, Chancellor-in-waiting Friedrich Merz and the Greens have agreed on a massive increase in state borrowing, just days before a decisive parliamentary vote next week. While some details are
2025.03.14 2025.03.14 USD/JPY: Elliott Wave Analysis and Forecast for 14.03.25 – 21.03.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 151.30 with a target of 145.00 – 138.65. A sell signal: the level of 151.30 is broken to the downside. Stop Loss:
But it isn’t clear whether this is a final breakthrough or just merely an agreement to move forward on discussions though, according to Olk. Markets are not waiting around though. EUR/USD has surged up to above 1.0900 while the DAX is now up 1.6% on the day. Update: Politico correspondent, Hans von der Burchard, is
France’s inflation fell below 1 percent for the first time since early 2021, as initially estimated in February, final data from the statistical office INSEE showed on Friday. Consumer price inflation was 0.8 percent in February, in line with preliminary estimate, and down from 1.7 percent in January. This was the weakest since February 2021.
France Inflation ex-tobacco (MoM): 0% (February) vs previous 0.1% Source link
The New Zealand dollar is in positive territory on Friday. NZD/USD is trading at 0.5722 in the European session, up 0.46% on the day. NZ Manufacturing PMI rises to near-three year high New Zealand’s manufacturing sector improved in February, as Manufacturing PMI rose to 53.9, up from 52.5 in January. This was the highest level
The British pound has edged lower against the US dollar on Friday. GBP/USD is trading at 1.2928 in the European session, down 0.13% on the day. UK economy declines 0.1% in January The UK economy barely registered any growth in the second half of 2024, rising 0.1% in the third quarter and flatlining in the
US stock markets suffered another brutal session overnight, with NASDAQ leading the decline, shedding nearly -2%. All three major indexes closed below their respective 55 W EMAs, reinforcing the bearish case that the markets are now in a medium-term correction phase. This technical breakdown suggests that downside momentum is gaining traction, with investors recalibrating their
Bitcoin Stuck in a 5-Day Range – Will a Breakout Happen? Bitcoin futures have been range-bound for the past five days, currently trading at 82,140. The market has been consolidating between 79,250 and 84,250, making it difficult to determine the next major move. Yesterday’s VWAP closed at 81,935, and price is hovering just above it,
Gold prices remained broadly unchanged in Saudi Arabia on Friday, according to data compiled by FXStreet. The price for Gold stood at 360.25 Saudi Riyals (SAR) per gram, broadly stable compared with the SAR 360.42 it cost on Thursday. The price for Gold was broadly steady at SAR 4,201.91 per tola from SAR 4,203.82 per
Chinese stock markets are a hot spot to start the year and money is flowing back in today after a dip mid-week. Shanghai Composite +1.2% Hang Seng +1.5% CSI300 +1.8% For Shanghai stocks, that’s the best level of the year as some of the domestic money makes its way into broad Chinese markets rather than
In an interview with Breitbart News Network on Friday, US Treasury Secretary Scott Bessent said, “we don’t get a recursive Biden-flation,” per Reuters. Further comments We’re very vigilant about inflation, it could happen again. Before we can bring down inflation, we also want to help affordability. As we bring down inflation, we want to bring
