DXY stalls around 103.95 as market sentiment remains fragile. Traders eye Wednesday’s US CPI data for fresh market direction. Nasdaq slides 3.3%, dragging broader equities lower. The US Dollar (USD) remains under pressure on Monday, with DXY hovering around 103.95, struggling to find traction after last week’s steep decline. Federal Reserve (Fed) Chair Jerome Powell’s […]
Gold prices are under pressure at the start of the week due to market caution surrounding rising tariffs, recessionary fears, and geopolitical uncertainty. US CPI data is expected later in the week, with potential for higher inflation to further impact market sentiment. Technical analysis indicates mixed signals for gold (XAU/USD), with a current downtrend on
S&P below 200 day MA The S&P 500 traded below its 200-day moving average on both Thursday and Friday but managed to close above it on both occasions. However, today’s session opened with a gap back below this key level, which currently stands at 5735.00. The index reached a high of 5705.37 and a low
Risk sentiment took a mild turn to the downside in European markets today, with DAX pulling back from last week’s solid gains. Investors are watching developments in Germany’s political arena, where Greens have voiced opposition to proposals by CDU’s Friedrich Merz for a sweeping overhaul of debt rules, including a massive increase in state borrowing
2025.03.10 2025.03.10 Japanese Yen Braces for US Tariffs. Forecast as of 10.03.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Donald Trump has complained that Japan is making a fortune off the US. The White House will take measures against Tokyo. Meanwhile, the Japanese yen is outperforming its G10 counterparts. Let’s discuss these topics and make a trading plan for the
The Canadian dollar is steady at the start of the week. USD/CAD is trading at 1.4356, down 0.11% on the day. The Canadian dollar declined 0.50% on Friday after Canada’s job report was weaker than expected. Canada’s job growth grinds to a halt Canada’s economy gained only 1.1 thousand jobs in February, well short of
A US technology vendor is aiming to offer combined trades in multiple asset classes, as part of a wider effort to push electronic trading for more complex products. OneChronos, which operates an alternative trading system (ATS) for equities, will extend its auction system to the foreign exchange spot market, enabling users to co-ordinate related transactions
FX markets are starting to settle down after a momentous week. While events in Europe were really the dominant factor, we would not have seen such big moves in EUR/USD were it not for US short-dated rates crumbling, ING’s FX analyst Chris Turner notes. DXY may return at 104.30/50 “Financial markets have priced the Fed
The USD/JPY forecast shows higher demand for the yen. The yen rallied last week amid uncertainty regarding the global economy. The US economy added a smaller-than-expected 151,000 new jobs in February. The USD/JPY forecast shows higher demand for the yen due to US trade policy uncertainty and a weak dollar. Market participants remain concerned about
German DAX futures +0.8% UK FTSE futures +0.3% Besides the DAX, European indices had a more testing time in trading last week. The close on Friday also missed out on the late recovery in Wall Street, so there is an element of catching up here. That said, the negative mood in US futures is worth
Forex markets are trading quietly in the Asian session, remaining within Friday’s range and showing little impetus to move decisively in either direction. Dollar is staying on the back foot, with a lack of substantial buying interest to sustain a meaningful rebound. While last week’s non-farm payroll data helped calm fears of a rapid labor
Japan’s leading index increased less-than-expected in January to the highest level in three months, preliminary data from the Cabinet Office showed on Monday. The leading index, which measures future economic activity, rose to 108.0 in January from a downwardly revised 107.9 in December. The score was forecast to increase to 108.4. Likewise, the coincident index
Gold prices remained broadly unchanged in Saudi Arabia on Monday, according to data compiled by FXStreet. The price for Gold stood at 350.93 Saudi Riyals (SAR) per gram, broadly stable compared with the SAR 350.96 it cost on Friday. The price for Gold was broadly steady at SAR 4,093.09 per tola from SAR 4,093.57 per
Michael Saylor, the founder of Strategy, has proposed that the U.S. government acquire 25% of Bitcoin’s total supply by 2035 to establish a Strategic Bitcoin Reserve. He suggests that the government systematically purchase 5-25% of Bitcoin’s supply through daily acquisitions between 2025 and 2035, by which time 99% of Bitcoin will have been issued. Saylor
The value of overall bank lending in Japan was up 3.1 percent on year in February, the Bank of Japan said on Monday – coming in at 635.468 trillion yen. That was in line with expectations and up from the downwardly revised 2.9 percent increase in January (originally 3.0 percent). Excluding trusts, bank lending climbed
China’s Minister of Housing and Urban-Rural Development, Ni Hong, said on Sunday that the country’s property sector has shown positive change with market confidence improving. Hong further stated that the government will promote the purchase of existing housing and expand urban village renovation, per Reuters. Key quotes Said that the country’s property market is showing
