Trump plans to invoke emergency powers under the Defense Production Act to fast-track domestic production of critical minerals, bypassing some legal and funding requirements. The move aims to counter China’s dominance in the critical minerals supply chain, especially after Beijing recently restricted exports in response to U.S. trade tensions. Trump’s waivers would remove limits such
Australia’s gross domestic product expanded a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Australian Bureau of Statistics said on Wednesday. That missed expectations for an increase of 0.4 percent and was down from 0.6 percent in the three months prior. On an annualized basis, GDP was up 1.3 percent
NZD/USD gains ground to near 0.6000 in Wednesday’s early Asian session. US JOLTS Job Openings rose to 7.39 million in April, above the consensus. US President Trump and Chinese President Xi Jinping were likely to have a call soon. The NZD/USD pair holds positive ground around 0.6000 during the early Asian session on Wednesday. The
2025.06.03 2025.06.04 Weekly Economic Calendar for 09.06.2025–15.06.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The US dollar remains under pressure following the release of May’s labor market data as investors weigh the Fed’s next move on interest rates. Markets are split on the short-term monetary policy outlook, with Fed officials offering mixed signals and the FOMC adopting a wait-and-see approach
Australian S&P Global PMI Final for May Services 50.6 preliminary was 50.5 prior 51.0 Composite 50.5 preliminary was 50.6 prior 51.0 — — From the report, Jingyi Pan, Economics Associate Director at S&P Global Market Intelligence: “Growth in the Australia service sector slowed midway through the second quarter of 2025, according to the latest S&P
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
US Indices, which have started the day mixed, have appreciated this morning’s JOLTS report. The data came out better than expected, with 7,391M Job Openings vs 7,200 Expected, a rise of 191,000 on the month. This data set is still proving the strength of US Data amid geopolitical uncertainties. Sentiment is positive throughout markets as
GBP/USD trades flat on Tuesday, holding within Monday’s range near 1.3520. BoE Governor Bailey sees rates moving lower but warns of increased uncertainty. A split within the MPC signals a cautious, data-driven rate path ahead. The British Pound (GBP) is trading flat against the US Dollar (USD) on Tuesday, edging slightly lower from its intraday
2025.06.03 2025.06.03 10 Day Trading Patterns for Beginners Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ There are many different day candlestick trading patterns used in intraday trading on Forex. In this article, we will analyze popular patterns for stock markets, which can also be applied to various complex instruments, for example, currency and cryptocurrency pairs. Day traders often use them
Xinhau reports that China’s top diplomat met with the US ambassador and said he hopes the US official will promote healthy, steady, sustainable ties. I think you have to take the existence of a meeting as a good sign that they will get to a point where Trump and Xi can have a call and
The currency markets remain largely listless today, with all major pairs and crosses still trapped within last week’s ranges. Euro edged slightly lower following the release of Eurozone CPI data, which showed inflation falling below the ECB’s 2% target for the first time since September last year. The core measure also softened notably, reinforcing the
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Key events shaping global market sentiment As global markets navigate heightened trade tensions and shifting monetary policies, two pivotal events are set to influence investor sentiment this week: the European Central Bank (ECB) policy meeting on Thursday, 5 June, and the US non-farm payrolls (NFP) report on Friday, 6 June. Adding to the mix, China
The USD/JPY price analysis shows strength in the yen after Ueda’s comments. The BoJ will hike rates if the economy re-accelerates. Data revealed soft business activity in the US manufacturing sector. The USD/JPY price analysis shows strength in the yen after BoJ’s Ueda said the central bank would hike rates if growth re-accelerates. At the
According to the Organisation for Economic Cooperation and Development (OECD) the global economy is expected to grow more slowly this year, with growth predicted to be 2.9% in both 2025 and 2026, compared to 3.3% last year. The OECD cited growing uncertainty on the back of US trade policies under the Trump administration as a
