A report released by the Federal Reserve Bank of New York said regional manufacturing activity continued to decline modestly in the month of May. The New York Fed said its general business conditions index edged down to a negative 9.2 in May from a negative 8.1 in April, with a negative reading indicating contraction. Economists […]
The US Dollar trades steady lower on Thursday despite a slew of key US economic data released. Markets see talks in Turkey between Russia and Ukraine fall apart before even starting. The US Dollar Index holds just below 101.00 and could move either way after a volatile Wednesday. The US Dollar Index (DXY), which tracks
The New Zealand dollar is down for a second straight day. In the North American session, NZD/USD is trading at 0.5872, down 0.45% on the day. New Zealand inflation expectations projected to rise New Zealand releases inflation expectations for the first quarter on Friday. Inflation expectations can manifest into actual inflation and are considered a
Global financial markets are trading in tight ranges today, with little conviction seen across major asset classes. U.S. futures are pointing to a mildly weaker open. Despite a surprise decline in US producer prices in April, suggesting a possible easing of inflation pressures, there was little follow-through in market reaction. Earlier today, stronger-than-expected UK Q1
The USD/JPY outlook shows a rebound in the yen. Japan’s wholesale inflation rose by 4.0% in April. Traders are looking forward to US data on sales. The USD/JPY outlook shows a stronger yen due to a growing divergence in policy outlooks between the Fed and the Bank of Japan. Inflation in the US continues dropping
Dow is keeling over Having reached and flirted with the 200-day simple moving average (SMA) at 42,267, the Dow Jones Industrial Average slid below it on Wednesday amid fading investor optimism. The index is expected to come further off its 42,507 six-week high and slip through its accelerated uptrend line at 41,890. This week’s price
2025.05.15 2025.05.15 Gold Follows Smart Money. Forecast as of 15.05.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Hedge funds and asset managers have been selling gold for seven consecutive weeks, despite the XAUUSD reaching record highs. This was driven by US tariff policies and fears of an impending recession. Let’s discuss these topics and make a trading plan. The article
Bitcoin has been on a great ride since Trump’s tariff pause announcement back on April 9. We’ve seen the same with the US stock market given that the main macro drivers for both are growth expectations and liquidity. Now, growth expectations continue to improve but a new risk is emerging: repricing in interest rates expectations.
Standard Chartered has hired John Newman as global head of rates and foreign exchange trading. Newman joined the UK bank last month and is based in London, according to his LinkedIn profile. A spokesperson for Standard Chartered confirmed the appointment. Newman joins after 24 years at UBS, where he held several global trading roles. Most
Germany’s wholesale price inflation softened for the second straight month in April, data from Destatis showed on Thursday. Wholesale prices grew 0.8 percent year-on-year in April, following a 1.3 percent rise in March. The overall inflation in April was due to higher prices for food products, non-ferrous ores and metals, and non-ferrous semi-finished metal products.
NZD/USD finds support as the US Dollar falters amid ongoing trade-related uncertainties. Market attention now turns to Thursday’s upcoming releases of US Retail Sales and Producer Price Index (PPI) data. The New Zealand Dollar is drawing support as trade tensions between the US and China show tentative signs of easing. NZD/USD appreciates after registering a
Activity in the global stock markets remained relatively subdued, with US posting a mixed close overnight and Asian markets slipping modestly lower today. Despite China’s 50bps Reserve Requirement Ratio cut taking effect, expected to inject over USD 138B into the banking system, investor reaction has been muted. The cautious tone reflects lingering concerns over the
59 of 62 economists (95%) see no change to interest rates in June meeting 39 of 58 economists (67%) see interest rates staying unchanged in Q3 (previously 36%) 30 of 58 economists (52%) see at least one more rate hike by year-end The median prediction for end-September rate is now 0.50% (previously 0.75%) The median
Indian Rupee posts modest gains in Thursday’s Asian session. Optimism from the US-China trade deal underpins the US Dollar and drags the INR lower. Traders brace for the US April Retail Sales and PPI data, due later on Thursday. The Indian Rupee (INR) strengthens on Thursday. The de-escalation of a trade war between the United
Oil, Iran: – Oil prices dropped quickly in early Asia after significant comments from a top adviser to Iran’s Supreme Leader Ayatollah Ali Khamenei. He said that Iran would agree to never making nuclear weapons getting rid of its stockpiles of highly-enriched uranium allow international inspectors to supervise the process in exchange for the immediate
GBP/USD contracts into near-term midrange ahead of key UK and US data GBP/USD slips modestly from weekly high as traders await UK GDP Pound Sterling outperforms US Dollar as US inflation cools down Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page
