‘Why am I so afraid to retire?’ I’m 60 and lost $1.2 million in a divorce…
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China February PMIs: Manufacturing 50.2 (expected 50.0) Services 50.4 (expected 50.3)
Official February 2025 PMIs from China’s National Bureau of Statistics (NBS). Both the January and February data are impacted this time of year by the Lunar New Year holidays. These were Jan. 29 to Feb. 12 in 2025. March will provide a clearer reading. Manufacturing 50.2, beating the median consensus estimate and back into expansion
China NBS Manufacturing PMI registered at 50.2 above expectations (49.9) in February
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Gold plunges 3% weekly as trade policies, recession fears fuel USD rally
Gold drops over 1% Friday as USD strengthens, hitting 10-day high at 107.66. XAU/USD falls to $2,845 as Fed rate-cut bets rise Trump confirms 25% tariffs on Mexico and Canada, fueling market uncertainty. Fed expected to cut rates by 70 bps in 2025 with first cut projected for June. Gold extended its losses on Friday,
Markets Weekly Outlook – Tariffs, NFP and ECB Meeting on the Agenda
Tariffs have been the primary driver of market volatility. US economic data shows signs of a potential stall, with consumer spending down and inflation remaining high. The S&P 500 and Nasdaq 100 are struggling, and the Fear and Greed index is in fear territory. Next week’s focus includes potential US tariffs, China’s Two Sessions meeting,
Mexico open to new tariffs on China to avoid Trump duties
Claudia Sheinbaum I think this is a big tell on the North American front. Bloomberg reports that Mexico is open to new tariffs on China to avoid Trump duties. I don’t think anyone really believed this was all about fentanyl, given Trump’s words. Now we get some confirmation of that with the aim shifting towards
Colombia National Jobless Rate: 11.6% (January) vs 9.1%
Colombia National Jobless Rate: 11.6% (January) vs 9.1% Source link
XAU/USD: Elliott wave analysis and forecast for 28.02.25 – 07.03.25
2025.02.28 2025.02.28 XAU/USD: Elliott Wave Analysis and Forecast for 28.02.25 – 07.03.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: once the correction ends, consider long positions above the level of 2583.80 with a target of 3100.00 – 3300.00. A buy signal: the level of 2583.80 is broken to the upside.
Sentiment Lifted by In-Line PCE Data, But Tariffs Could Limit Optimism
Risk sentiment received a boost in early US trading as January’s PCE inflation data came in line with expectations, lifting hopes that Fed may have room to cut rates in the first half of the year. Both headline and core PCE inflation slowed, adding to expectations that disinflation remains on track. Fed fund futures now
Canadian dollar eyes Canada’s GDP
The Canadian dollar is calm in the European session, trading at 1.4438, up 0.02% on the day. Later today, Canada releases GDP and the US publishes the Core PCE Price Index. USD/CAD has rallied for five straight trading days, gaining 1.8% during that time and hitting a three-week high. Canada’s GDP expected to rebound in
USD/JPY Price Analysis: Yen Slips Amid Missed Inflation
The USD/JPY price analysis shows a retreating yen. Core consumer prices in Tokyo increased by 2.2%, missing forecasts. Trump confirmed tariffs on Canada and Mexico would take effect in March. The USD/JPY price analysis shows a retreating yen after data revealed softer-than-expected inflation in Japan. Meanwhile, the dollar was on the front foot after Trump
USD/СAD: Elliott wave analysis and forecast for 28.02.25 – 07.03.25
2025.02.28 2025.02.28 USD/СAD: Elliott Wave Analysis and Forecast for 28.02.25 – 07.03.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: consider long positions from corrections above the level of 1.4160 with a target of 1.4800 – 1.5200. A buy signal: the level of 1.4160 is broken to the upside. Stop Loss:
Markets Reel Under Trade War Fears, Dollar Gains Traction, Gold Falls
Global stock markets are under heavy selling pressure as risk-off sentiment dominates the final trading day of February. The selloff intensified across major indices, with Japan’s Nikkei plunging -3% and Hong Kong’s Hang Seng Index down -2.8%, following the steep declines in US equities overnight. Investors are increasingly wary of escalating trade tensions, which could
China's Politburo says will implement more proactive macro policy
Will expand domestic demand To stabilise housing market and stock market Will prevent and resolve risks and external shocks in key areas Will promote sustained recovery of the economy This article was written by Justin Low at www.forexlive.com. Source link
European Economic News Preview: Germany Inflation, Unemployment Due
Inflation and unemployment from Germany and revised GDP and flash inflation from France are the top economic news due on Friday. At 2.00 am ET, Destatis is scheduled to issue Germany’s retail sales, unemployment and import prices for January. Retail sales are forecast to grow 0.4 percent on a monthly basis, in contrast to the