While there was a slight bounce late yesterday in Wall Street, it was still a very rough day for stocks. Tech shares bore the brunt of the pain, with the Nasdaq closing down by a whopping 4%. That tees up the likelihood of another down week, with this being the fourth weekly decline in a […]
The Australian Dollar appreciates as the US Dollar faces challenges as concerns over tariff uncertainties deepen. Westpac Consumer Confidence climbed 4% to 95.9 in March, up from 92.2 in February, reaching its highest level in three years. President Trump described the economy as being in a “transition period,” signaling a potential slowdown. The Australian Dollar
John Kennedy, junior United States senator from Louisiana since 2017: serves on the Appropriations, Banking, Budget, and Judiciary Committees in the U.S. Senate serves as the top Republican of the Appropriations Subcommittee on Energy and Water Development and Banking Subcommittee on Economic Policy Comments: Stock market was a little overvalued at around 21 times earnings
The average of household spending in Japan was up 0.8 percent on year in January, the Ministry of Internal Affairs and Communications said on Tuesday – coming in at 305,521 yen. That missed forecasts for an increase of 3.7 percent and was down from 2.7 percent in December. On a monthly basis, household spending slumped
Japan Gross Domestic Product Deflator (YoY) above expectations (2.8%) in 4Q: Actual (2.9%) Source link
The UK Treasury said there is “no plan” to introduce US-style Bitcoin reserves: UK Treasury deems the cryptocurrency’s volatility to be unsuitable for the UK “Bitcoin and other crypto assets have been historically volatile assets relative to stable fiat currencies like the US dollar and commodities, such as gold.” “This volatility makes BTC less suitable
DXY stalls around 103.95 as market sentiment remains fragile. Traders eye Wednesday’s US CPI data for fresh market direction. Nasdaq slides 3.3%, dragging broader equities lower. The US Dollar (USD) remains under pressure on Monday, with DXY hovering around 103.95, struggling to find traction after last week’s steep decline. Federal Reserve (Fed) Chair Jerome Powell’s
Gold prices are under pressure at the start of the week due to market caution surrounding rising tariffs, recessionary fears, and geopolitical uncertainty. US CPI data is expected later in the week, with potential for higher inflation to further impact market sentiment. Technical analysis indicates mixed signals for gold (XAU/USD), with a current downtrend on
S&P below 200 day MA The S&P 500 traded below its 200-day moving average on both Thursday and Friday but managed to close above it on both occasions. However, today’s session opened with a gap back below this key level, which currently stands at 5735.00. The index reached a high of 5705.37 and a low
Risk sentiment took a mild turn to the downside in European markets today, with DAX pulling back from last week’s solid gains. Investors are watching developments in Germany’s political arena, where Greens have voiced opposition to proposals by CDU’s Friedrich Merz for a sweeping overhaul of debt rules, including a massive increase in state borrowing
2025.03.10 2025.03.10 Japanese Yen Braces for US Tariffs. Forecast as of 10.03.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Donald Trump has complained that Japan is making a fortune off the US. The White House will take measures against Tokyo. Meanwhile, the Japanese yen is outperforming its G10 counterparts. Let’s discuss these topics and make a trading plan for the
The Canadian dollar is steady at the start of the week. USD/CAD is trading at 1.4356, down 0.11% on the day. The Canadian dollar declined 0.50% on Friday after Canada’s job report was weaker than expected. Canada’s job growth grinds to a halt Canada’s economy gained only 1.1 thousand jobs in February, well short of
A US technology vendor is aiming to offer combined trades in multiple asset classes, as part of a wider effort to push electronic trading for more complex products. OneChronos, which operates an alternative trading system (ATS) for equities, will extend its auction system to the foreign exchange spot market, enabling users to co-ordinate related transactions
FX markets are starting to settle down after a momentous week. While events in Europe were really the dominant factor, we would not have seen such big moves in EUR/USD were it not for US short-dated rates crumbling, ING’s FX analyst Chris Turner notes. DXY may return at 104.30/50 “Financial markets have priced the Fed
The USD/JPY forecast shows higher demand for the yen. The yen rallied last week amid uncertainty regarding the global economy. The US economy added a smaller-than-expected 151,000 new jobs in February. The USD/JPY forecast shows higher demand for the yen due to US trade policy uncertainty and a weak dollar. Market participants remain concerned about
