The Australian Dollar faces headwinds as the Trump administration moves to add several Chinese chipmakers to its export blacklist. The AUD remains under pressure despite a strong Australian labor market report showing solid job gains in April. The US Dollar continues to trade within a narrow range, as recent US economic data has sent mixed
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The Japanese economy contracted a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Cabinet Office said on Friday – missing expectations for a decline of 0.1 percent following the 0.6 percent gain in the three months prior. On an annualized basis, GDP was down 0.7 percent – again missing forecasts
BNZ – BusinessNZ Performance of Manufacturing Index (PMI). April comes in at 53.9 up from 53.2 in March fourth month in a row showing expansion above the average of 52.5 BusinessNZ’s Director, Advocacy Catherine Beard: “All of the sub-index values were in expansion during April.” BNZ’s Senior Economist Doug Steel: “activity is not surging, but
The pair trades near the 0.5900 zone after slipping 0.40%, pressured by softer New Zealand outlook and steady US Dollar. US PPI and Retail Sales missed expectations, but Fed’s Powell struck a cautious tone supporting Greenback stability. Technical bias is bearish; support at 0.5860 and 0.5846, resistance at 0.5878 and 0.5884. The NZD/USD is trading
George Saravelos is Global Head of FX Research at Deutsche Bank is out with a striking note today, highlighting the problems with the US dollar, deficits and government policy. The note certainly resonates with US 30-year yields touching off 5% today. He highlights the emerging consensus around the fiscal budget bill that’s working its way
The analysis in this article is a follow up from Gold (XAU/USD) Slides 2.2% to One-Month Lows. $3150 incoming? Gold prices have surged around 3% from the Asian session lows around the $3125/oz handle. Gold had surged toward the $3180/oz handle ahead of the US open thanks in large part to a weaker US Dollar.
A report released by the Federal Reserve Bank of New York said regional manufacturing activity continued to decline modestly in the month of May. The New York Fed said its general business conditions index edged down to a negative 9.2 in May from a negative 8.1 in April, with a negative reading indicating contraction. Economists
The US Dollar trades steady lower on Thursday despite a slew of key US economic data released. Markets see talks in Turkey between Russia and Ukraine fall apart before even starting. The US Dollar Index holds just below 101.00 and could move either way after a volatile Wednesday. The US Dollar Index (DXY), which tracks
The New Zealand dollar is down for a second straight day. In the North American session, NZD/USD is trading at 0.5872, down 0.45% on the day. New Zealand inflation expectations projected to rise New Zealand releases inflation expectations for the first quarter on Friday. Inflation expectations can manifest into actual inflation and are considered a
Global financial markets are trading in tight ranges today, with little conviction seen across major asset classes. U.S. futures are pointing to a mildly weaker open. Despite a surprise decline in US producer prices in April, suggesting a possible easing of inflation pressures, there was little follow-through in market reaction. Earlier today, stronger-than-expected UK Q1
The USD/JPY outlook shows a rebound in the yen. Japan’s wholesale inflation rose by 4.0% in April. Traders are looking forward to US data on sales. The USD/JPY outlook shows a stronger yen due to a growing divergence in policy outlooks between the Fed and the Bank of Japan. Inflation in the US continues dropping
Dow is keeling over Having reached and flirted with the 200-day simple moving average (SMA) at 42,267, the Dow Jones Industrial Average slid below it on Wednesday amid fading investor optimism. The index is expected to come further off its 42,507 six-week high and slip through its accelerated uptrend line at 41,890. This week’s price
2025.05.15 2025.05.15 Gold Follows Smart Money. Forecast as of 15.05.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Hedge funds and asset managers have been selling gold for seven consecutive weeks, despite the XAUUSD reaching record highs. This was driven by US tariff policies and fears of an impending recession. Let’s discuss these topics and make a trading plan. The article
Bitcoin has been on a great ride since Trump’s tariff pause announcement back on April 9. We’ve seen the same with the US stock market given that the main macro drivers for both are growth expectations and liquidity. Now, growth expectations continue to improve but a new risk is emerging: repricing in interest rates expectations.
Standard Chartered has hired John Newman as global head of rates and foreign exchange trading. Newman joined the UK bank last month and is based in London, according to his LinkedIn profile. A spokesperson for Standard Chartered confirmed the appointment. Newman joins after 24 years at UBS, where he held several global trading roles. Most
