GBP/JPY retraces to near 194.45 from the four-month high of 196.50 as the Japanese Yen outperforms. BoJ’s Uchida expressed confidence in more interest rate hikes ahead. The UK economy is expected to have grown strongly by 0.6% in the January-March period. The GBP/JPY pair corrects to near 194.45 during European trading hours on Wednesday from
S&P 500 back in the green for the year Monday’s US-China trade war pause helped markets to stage an impressive recovery on Monday, and further gains yesterday for some markets saw the S&P 500 and Nasdaq 100 both move back into positive territory for the year. In the near-term we can expect this ongoing trade war pause
2025.05.14 2025.05.14 SNB May Resort to Negative Rates to Combat Deflation. Forecast as of 14.05.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The USDCHF pair has slumped to a 10-year low due to heightened demand for safe-haven assets amid trade tensions. However, as the situation de-escalated, the franc lost its allure. The central bank’s discontent further complicates the existing situation.
S&P 500 positive for the year The S&P 500, together with the Nasdaq 100, are trading back in positive territory for the year. In the short-term the index may soon lose upside momentum, though, as it nears the 5,909-to-5,923 resistance area which is made up of the 3 and 25 February lows. The US index
Asian Session Market Wrap Asia’s main stock index went up, driven by tech companies, as investors waited for earnings reports from big Chinese tech firms this week. Regional tech stocks rose for a fourth straight day after Nvidia and AMD said they would sell chips to a Saudi AI company for a $10 billion data
2025.05.14 2025.05.14 US Dollar Loses Steam with Investor Confidence Shaken. Forecast as of 14.05.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The de-escalation of the trade conflict between the US and China is beneficial for the euro as a pro-cyclical currency. However, capital outflows from the US may not be as substantial as initially anticipated, which is favorable for the
Global markets showed signs of fatigue overnight as trade optimism gave way to a more cautious tone. In the US, the S&P 500 eked out another gain, turning positive for the year, while DOW lagged and closed modestly lower. The divergence reflects a market still digesting the implications of recent trade developments. In Asia, stock
However, not to the US though. One of the sources said that the permits were issued to suppliers for customers in Europe and Vietnam. As a reminder, China stepped up their rare earth export controls by restricting a further seven minerals last month here. It is reported that there is at least four permits granted
Silver drifts lower on Wednesday, though the mixed technical setup warrants caution for traders. The recent repeated failures to breakout through a descending channel resistance favor bears. The formation of a bullish flag pattern supports prospects for the emergence of some dip-buying. Silver (XAG/USD) extends the previous day’s retracement slide from the $33.20-$33.25 resistance zone
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The Australian Dollar holds ground as the US Dollar weakened following softer-than-expected US inflation data. Australia’s Wage Price Index rose by 0.9% QoQ in Q1, against the expected 0.8% increase. US President Donald Trump described the relationship with China as excellent. The Australian Dollar (AUD) extends its gains against the US Dollar (USD) on Wednesday
Producer prices in Japan were up 0.2 percent on month in April, the Bank of Japan said on Wednesday – slowing from 0.4 percent in March. On a yearly basis, producer prices were up 4.0 percent – slowing from the upwardly revised 4.3 percent increase in the previous month. Export prices were down 0.3 percent
2025.05.13 2025.05.14 Weekly Economic Calendar for 19.05.2025–25.05.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Donald Trump and his administration continue to unsettle financial markets with their foreign trade policy decisions. Just as the markets were recovering from the Fed’s monetary policy statements and the recent US-China meeting in Switzerland—where China agreed to cut tariffs from 125% to 10% for 90
South Korea April unemployment rate 2.7% expected 3.0%, prior 2.9% Jobs added in the month +194K vs. +193K in March — The won surged in early May vs. the USD, along with other Asia FX. That has been nearly all reversed. This article was written by Eamonn Sheridan at www.forexlive.com. Source link
US CPI inflation cooled to 2.3% in April, below expectations, raising Fed rate cut speculation. Trump touts tax cuts and investment deals, but details on trade pacts remain vague. DXY slips below 101.60 as tariff truce with China lacks forward clarity. Markets expect first Fed rate cut by September 2025 with easing through 2026. The
Nasdaq technicals The NASDAQ index is trading to new site session highs as Pres. Trump completes his speech in Saudi Arabia. Toward the end of his speech he did say that he will order the cessation of sanctions against Syria. The NASDAQ index is now up 316 points or 1.69% at 19024.53. The high price
