Consecutive positive data points in US economic releases have once again boosted sentiment, notably taking Equity and Cryptocurrency markets to a renewed frenzy.ISM Services PMI came at 50.8 vs 50.5 expected, in the latest round of positive surprises in US Data which should once again deter markets from the weaker United States theme due to
Tesla shares endured another difficult week, falling around 5% before rebounding as the electric vehicle maker grappled with weakening demand and mounting operational challenges. The decline extends the stock’s year-to-date losses to over 20%, marking a stark contrast to the broader market’s record-breaking performance. The catalyst for this week’s weakness was Tesla’s disappointing second quarter
Prior was 49.9 Prices paid: 67.5 vs. 68.7 prior New orders: 51.3 vs. 46.7 prior – Employment: 47.2 vs 50.7 prior – lowest since March Business activity: 54.2 vs. 50.0 prior Supplier deliveries: 50.3 vs. 52.5 prior Inventories: 52.7 vs. 49.7 prior Backlog of orders: 42.4 vs. 43.4 prior New export orders: 51.1 vs. 48.5
Jive Investments quicksteps towards hedged returns – FX Markets Skip to main content End of drawer navigation content Brazilian fund manager uses combo of options and forwards to push down hedging costs compared with plain NDF strategy The currency volatility that followed the Covid-19 pandemic in 2020 led to some tricky conversations for Brazilian private
Cyprus’ consumer prices decreased for the second straight month in June, preliminary data from the statistical office showed on Thursday. The consumer price index dropped 0.4 percent year-on-year in June, following a 0.2 percent fall in May, which was the first decline since April 2021. Transport charges dropped notably by 4.3 percent from last year,
The GBP/USD outlook suggests growing concerns about the UK’s fiscal health. The UK government made a U-turn on welfare reforms. Data in the previous session revealed that the US private sector lost 33,000 jobs in June. The GBP/USD outlook suggests growing concerns about the UK’s fiscal health, which have weighed on the pound. At the
2025.07.03 2025.07.03 Pound Plummets on Chancellor’s Tears. Forecast as of 03.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ After Rachel Reeves appeared tearful in parliament, markets experienced a decline due to concerns regarding her potential resignation as finance minister. The current Chancellor of the Exchequer may be replaced by someone who will adopt a more relaxed fiscal policy. Let’s discuss
Dow rally nears record high The Dow Jones Industrial Average is trading in a 4 1/2 month high whilst targeting its 45,054 January peak. On the way there resistance may be encountered around the 19 February high at 44,636, the 14 February high at 44,769 and the 6 February peak at 44,966. Support in case of
2025.07.03 2025.07.03 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 03.07.2025 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 price is rising in the fifth part of a bullish impulse to a high of 111,854.30.
Prior -0.1% Core CPI +0.6% y/y Prior +0.5% The SNB can take some comfort from the latest readings here but the pressure remains. They’re much closer to deflation territory than any balanced territory at the moment still. This article was written by Justin Low at www.forexlive.com. Source link
US equities delivered another strong session, with the S&P 500 rising 0.5% to close at a fresh record of 6,227. Small‑caps led the charge, as the Russell 2000 jumped 1.31%, clearing its 200-day moving average for a second straight day, evidence that the post “Liberation Day” rebound has broadened beyond mega‑cap tech. /* Requesting advertisement
India HSBC Services PMI came in at 60.4, below expectations (60.7) in June Source link
Tesla sold 61,000 electric vehicles in China in June, up 3.7% y/y No further details at this stage This article was written by Eamonn Sheridan at www.forexlive.com. Source link
ANZ World Commodity Price Index, June 2025 -2.3% m/m prior 1.9% +11.0% y/y In NZD terms the index fell 3.4% m/m prior +0.5% +15.5% y/y ANZ says that Global shipping prices were generally higher in June. Exporters expect costs to ease in coming months due to reduced global demand. This article was written by Eamonn
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
A plane went down Wednesday afternoon in Monroe Township in Gloucester County near the Cross Keys Airport, officials said. more to come No further details as yet Here we go, more: Numerous people injured says ABC media This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Reeves is the UK’s Chancellor of the Exchequer The background top Prime Minister Starmer’s pledge of support is: Fiscal worries are hitting the pound hard once again. There are rumors about the future of Chancellor of the Exchequer Rachel Reeves and the UK government is in damage control. It comes after Reeves was crying in
