The USD/CAD forecast indicates a pause in the dollar’s rally. Treasury yields collapsed after a successful 10-year note auction. Fed policymakers believe rate cuts will be appropriate later in the year. The USD/CAD forecast indicates a pause in the dollar’s rally after a sharp collapse in Treasury yields in the previous session. At the same
Eurostoxx +0.3% Germany DAX +0.4% France CAC 40 +0.3% UK FTSE +0.7% Spain IBEX +0.1% Italy FTSE MIB +0.2% As the EU closes in on a makeshift deal with the US to extend negotiations while holding the baseline 10% tariffs, that’s allowing for European indices to keep a more buoyant mood. US futures are less
2025.07.10 2025.07.10 Trump Opens Rift at Fed. Forecast as of 10.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Every action has an equal and opposite reaction. Donald Trump’s criticism is forcing the Fed to counteract. However, there is a split within the US regulator, and this factor is extremely important for the US administration. Let’s discuss this topic and make
The Australian Dollar receives support from the cautious tone surrounding RBA’s policy outlook. RBA’s Bullock stated that elevated unit labor costs and weak productivity could drive inflation above current forecasts. President Trump issued a fresh round of tariff demand letters, reigniting concerns over a global trade war. The Australian Dollar (AUD) continues its winning streak
There are just a couple to take note of on the day, as highlighted in bold. The first one being for EUR/USD at the 1.1700 level once again. The expiries there have been helping to limit downside price action on the week and will play the same role again today in the run up to
The Bank of Korea left its interest rate unchanged on Thursday citing risks associated with rising household debt and escalating trade tensions. The Monetary Policy Board decided to leave the Base Rate unchanged at 2.50 percent. The bank had previously reduced the benchmark rate by a quarter-point each in May and February. “The Board will
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 within a certain range, called a “band,” around a central reference rate,
Producer prices in Japan were down 0.2 percent on month in June, the Bank of Japan said on Thursday. That was in line with expectations and down from the upwardly revised 0.1 percent contraction in May (originally -0.2 percent). On a yearly basis, producer prices climbed 2.9 percent – again matching forecasts and down from
The European Union is negotiating a trade framework with the U.S. aimed at shielding its auto industry from steep tariffs, including the 25% import duty imposed by Washington in April. Talks are advancing quickly, with options on the table such as import quotas, reduced tariffs, and export credits. The latter would allow EU carmakers with
Phasing out the penny is set to involve some cost to U.S. consumers paying in cash as businesses are set to round transactions to the nearest nickel, new research from the Federal Reserve Bank of Richmond revealed on Wednesday. The U.S. government is set to end the production of new pennies, which has become a
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
Home loan applications in the U.S. rose to their highest level since early 2023 in the week ended July 04, while mortgage rates eased only modestly, survey data from the Mortgage Bankers Association showed on Wednesday. The number of mortgage applications grew 9.4 percent from the previous week when it they rose 2.7 percent. The
With the latest on Trump tariffs hitting headlines again earlier this week, minutes released today from the Federal Reserve’s June meeting, renewing fears of tariff-borne inflation, could perhaps have come at a better time. In the report, the Fed cited the potential for tariffs to disrupt supply chains and affect productivity. The Fed also questioned
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The tariff letters have been released for the following additional countries: 30% for Libya 30% for Iraq 30% for Algeria 5% for Moldova. We have near 0% trade with this country. 25% for Brunei 20% for Philippines. Goods transshipment to evade higher tariff will be subject to higher tariffs. Of the total trade, the countries
Historic milestone achieved In a landmark moment for global financial markets, Nvidia has become the world’s first publicly traded company to surpass a market capitalisation of $4 trillion. The milestone was reached during intraday trading on 9 July 2025, when the chipmaker’s share price surged to $164.42, briefly pushing its total valuation beyond the $4 trillion
A report released by the Energy Information Administration on Wednesday showed an unexpected increase by crude oil inventories in the U.S. in the week ended July 4th. The EIA said crude oil inventories jumped by 7.1 million barrels last week after climbing by 3.8 million barrels in the previous week. Economists had expected crude oil
