Canada’s economy showed decent strength in the first quarter of 2025 with a 2.2% y/y gain. Much of the gain was driven by exports as US companies rushed to buy Canadian goods before US tariffs took effect in April. At the same time, domestic demand remains weak and Canada’s counter-tariffs will make US products more […]
XRP bearish case XRP revisits its key $2.0845 to $2.0360 support zone, which consists of the mid-April to June lows. Were it to give way on a daily chart closing basis, the early April and late February lows at $1.9604 to $1.9509 may be revisited and perhaps even Sunday’s $1.9096 trough. Downside pressure will remain
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2025.06.27 2025.06.27 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 27.06.2025 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 correction is completed. Expect the price to rise in the fifth part of a bullish
Confidence among manufacturers in the Netherlands worsened in June to the lowest level in one-and-a-half years, data from the Central Bureau of Statistics showed on Friday. The producer sentiment index declined to -5.0 in June from -3.9 in the previous month. Moreover, the latest score is still well above the long-term average of -1.3. Manufacturers
The Australian Dollar offers its daily gains due to risk aversion as Iran declines to resume nuclear negotiations. President Trump may announce his preferred candidate to lead the Federal Reserve next year. The US Dollar depreciated due to risk-on sentiment following a fragile US-brokered Israel-Iran ceasefire. The Australian Dollar (AUD) retraces daily gains on Friday,
That will be the main items on the economic calendar in European trading later today. But barring any surprises, the inflation numbers aren’t going to make a splash on the outlook through the summer. As things stand, traders are seeing ~85% odds of the ECB keeping key rates on hold in July with ~52% odds
Iran says no agreement to resume nuclear talks – that’s according to a report on Iranian State TV: “There hasn’t even been any talk about it,” said Iran’s foreign minister in an interview with a local TV station This article was written by Eamonn Sheridan at www.forexlive.com. Source link
The U.S. Department of Energy says scheduled crude oil deliveries to the Strategic Petroleum Reserve (SPR) will be delayed until December due to maintenance at SPR sites. Originally, 15.8 million barrels were slated for delivery from January through May, but only 8.8 million have been received so far. The remaining volumes are now expected to
Via Reuters on Tesla, citing three people familiar with the matter: Tesla executive and longtime Elon Musk confidant Omead Afshar has left the firm another senior departure as the company grapples with slowing global demand Afshar was part of the CEO’s office and since last year had overseen sales and manufacturing in Europe and North
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate
Positng this ICYMI: J.P. Morgan has raised its year-end target for the MSCI Emerging Markets Index from 1,150 to 1,250, citing attractive valuations, a weaker U.S. dollar, and reduced uncertainty around U.S. trade policy. The firm maintains an ‘overweight’ stance on emerging markets. It noted that while trade tensions have dominated sentiment so far in
Due at 2130 US Eastern time, 0130 GMT, Chinese Industrial Profits for May 2025 China’s industrial profits have been trending higher, rising 1.4% year-on-year in the January–April period of 2025, up from a 0.8% gain in the first quarter. The improvement reflects support from government stimulus and solid results in high-end manufacturing industries. I posted
Nike stock gains traction ahead of earnings release. Q4 earnings will appear after the close on Thursday. NKE stock is down 65% from its November 2021 highs. Bulls hope a decent guide for Q1 helps Nike reach the $72 threshold. Nike (NKE) is set to deliver fiscal fourth-quarter earnings after the bell on Thursday, and
So important to bring inflation back to target as low-income households can ill-afford price increases Tariffs to put upward pressure on inflation Tariffs may at same time slow economy, cause unemployment to rise Low-income workers often hardest hit when job market weakens Still considerable uncertainty around tariff effects This is yet-another vote in Powell’s back
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Gold remains under pressure as risk-on sentiment continues to influence market trends. Fed Chair Powell and President Trump clash over the timing of interest rate cuts. A September rate cut is priced in but a rate cut in July could help drive Gold out of its range. XAU/USD hovers near the 50-day Simple Moving Average
