WTI on track for third straight day of gains The WTI crude oil price’s recovery from last week’s $55.39 per barrel low, made close to the 4-year April $55.15 low, has taken it through its April-to-May resistance line which is short-term bullish price behaviour. WTI is on track for its third consecutive day of gains with […]
2025.05.12 2025.05.12 Markets Cheer US-China Deal After Geneva Trade Talks. Forecast as of 12.05.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Despite the reduction in import duties, the universal tariff of 10% will remain in force, which may spur inflation and force the Fed to keep the interest rate at 4.5%. Let’s discuss this topic and make a trading plan
Nasdaq Analysis for Today: Bulls Take Charge Post US-China Trade Talks Weekend’s US China talks are good for today’s Nasdaq futures Current Nasdaq Futures Price: $20,558 (+2.1% from Friday’s close) Market Context After US-China Trade Talks Nasdaq futures are bullishly positioned today following moderately positive news from the weekend’s US-China trade talks. The optimistic sentiment
Markets opened the week on a subdued note despite the White House’s announcement that a trade agreement had been reached with China following negotiations in Switzerland. Despite the positive headline, investor reaction has been muted with lackluster performance in Asian stocks. Traders appear to be holding back judgment, at least until US Treasury Secretary Scott
UK recruitment activity remained weak at the start of the second quarter as demand for staff deteriorated amid the rise in the salary inflation due to the increases in the national minimum and living wage rates, a report compiled by S&P Global showed Monday. Permanent staff appointments declined further amid reports of weak employer confidence
The US Dollar Index may retest the upper boundary of its ascending channel near 100.80. A decisive break above the 50 mark would be required to confirm a shift toward bullish momentum. The DXY may target immediate support at the nine-day EMA of 100.10. The US Dollar Index (DXY), which tracks the performance of the
Mixed market reactions ahead of trade talks United States (US) equity markets concluded last week on a subdued note as uncertainty loomed ahead of the weekend’s US-China trade discussions. For the week, the US 500 (S&P 500) finished 0.5% lower, the US Tech 100 (Nasdaq) slipped about 0.2%, and the Wall Street (Dow Jones) dropped by
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,
Global trade tensions have turned the normally benign Hong Kong dollar into a treacherous currency to trade, with wild spot moves forcing hedge funds to unwind leveraged positions that were widely seen as relatively safe bets. “There were a lot of carry-type positions and people playing the range in that currency [HKD] that I think
Japan saw a current account surplus of 3.678 trillion yen in March, the Ministry of Finance said on Monday – up 6.7 percent on year. That was in line with expectations and down from 4.061 trillion yen in February. Exports were up 1.8 percent on year to 9.559 trillion yen, while imports were up an
AUD/USD gains ground to near 0.6420 in Monday’s early Asian session. China’s CPI fell for the third month amid ongoing economic struggles. The US and China cite progress in Geneva trade talks. The AUD/USD pair edges higher to around 0.6420 during the early Asian session on Monday. Optimism in US-China trade negotiations in Geneva, Switzerland,
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
China’s Vice Premier He Lifeng described the weekend talks with U.S. officials as an important first step in stabilising bilateral trade relations, acknowledging that while differences remain, saying frictions are unavoidable. He underscored that the fundamental nature of China-U.S. trade is a mutual win-win, pushing back against zero-sum rhetoric that has recently dominated political discourse.
TRADER-UPDATE: Trump Tweets “Great Progress” in U.S.-China Trade Talks – But Final Deal Remains Uncertain Donald Trump has tweeted enthusiastically about recent trade discussions with China in Switzerland, calling them “friendly but constructive” and indicating that “great progress” has been made. While such optimism from Trump could be viewed positively, prompting market participants to anticipate
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
