GBP/USD rallied on Tuesday, bolstered by headlines of an incoming US-UK trade agreement. Specific details remain limited, but GBP markets were buoyed by hopes to avert US tariffs. The Pound Sterling settled 0.4% higher against the Greenback after testing 1.3400. GBP/USD rose on Tuesday, climbing four-tenths of one percent on the day and testing the […]
gold daily The gold buyers are back in a big way following the holiday in China and other parts of Asia. Gold surged yesterday and traced out an outside bullish reversal. That pattern extended today in a powerful signal for gold buyers. If we close here it will be the second-best closing level ever and
The Eurozone Services PMI was revised higher to 50.1 in April from an initial reading of 49.7. This was below the March reading of 51.0 and barely above the 50-level which separates expansion from contraction. New orders were down and business confidence fell for a fourth straight month as purchasing managers are concerned about the
EUR/JPY bounces back from below 162.00 as German Friedrich Merz is confirmed as new Chancellor. German Merz failed to secure an absolute majority in the first voting process at the Bundestag. Trump’s tariff threats on pharmaceutical imports have increased the JPY’s safe-haven demand. The EUR/JPY pair rebounds above 162.00 during the North American trading session
Fed expected to hold rates steady despite slowing growth The Federal Reserve (Fed) is widely expected to keep interest rates unchanged at its upcoming policy meeting on 7 May, maintaining its cautious stance despite signs of slowing economic growth. Markets have gradually adjusted to this reality, with expectations for multiple rate cuts in 2025 being
2025.05.06 2025.05.06 Silver Price Forecast & Predictions for 2025, 2026, 2027–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ First and foremost, silver is a tangible commodity recognized for its intrinsic value. Therefore, a key characteristic of this metal is that its price cannot reach zero. Silver is valued for its malleability and ductility. It is harder than gold and
Both Swiss Franc and Euro are under some selling pressure today, especially against Sterling. The Franc suffered after SNB Chair Martin Schlegel signaled the willingness to reintroduce negative interest rates if deflationary risks persist. Meanwhile, Euro came under pressure as fresh political instability emerged in Germany CDU/CSU leader Friedrich Merz’s failure to secure a parliamentary
(Video transcript) This week’s trading opportunity Axel Rudolph: Hello and welcome to “Trade of the week” on Tuesday 6th May, 2025. And unfortunately for me, or for you actually, we are already well on our way for this new trade. And if you look at it, it’s going short USD/JPY. And, for those of you who
Most Read: Markets weekly outlook – Central Banks in focus as risk appetite improves U.S. stock futures suggest a second day of losses. Palantir’s stock fell 9% in early trading after disappointing results. Ford’s stock also dropped after pulling its financial outlook and warning about the impact of tariffs. /* Requesting advertisement by calling an
The USD/CAD outlook shows renewed tariff uncertainty in the US, dragging the dollar lower. The greenback rebounded last week after Trump said there was significant progress in trade talks. Business activity in the US services sector expanded further. The USD/CAD outlook shows renewed tariff uncertainty in the US, dragging the dollar lower. The greenback fell
2025.05.06 2025.05.06 Hikkake Pattern: Learn How To Trade It Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ A Hikkake pattern is a candlestick pattern used by traders to analyze the market and pinpoint optimal entry points. It helps traders identify false breakouts and predict further price movement. This pattern can be integrated into various trading strategies, making it suitable for both novices
The problem with a secret ballot is that it is as the name implies, a secret. That means as things stand, Merz wouldn’t even know who he has to talk to in order to turn the votes around unless those who opposed owns up to it. And let’s face it, that never happens in politics.
Dollar remains on the soft side today, although losses are so far limited. Currency market activity is subdued as traders remain cautious ahead of the upcoming FOMC rate decision. While no policy changes are expected from the Fed tomorrow, markets are watching closely for any forward guidance. Notably, expectations for a June rate cut have
The Japanese Yen attracts some intraday sellers on Tuesday, though the downside risk remains limited. Trade-related uncertainties and geopolitical risks continue to act as a tailwind for the safe-haven JPY. The divergent BoJ-Fed expectations further contribute to capping USD/JPY ahead of the FOMC meeting. The Japanese Yen (JPY) reverses an Asian session dip against its
China’s service sector grew at the slowest pace in seven months in April as disruptions to goods trade amid fresh tariffs negatively impacted new work of some service providers, survey data from S&P Global revealed Tuesday. The Caixin Services Purchasing Managers’ Index fell to 50.7 in April from 51.9 in March. The reading was forecast
