The major uptrend phase of the Hang Seng Index from January 2024 remains intact. Daily RSI momentum indicator suggested an overstretched rally where its medium-term uptrend may have reached a terminal point on 19 March. A multi-week corrective decline may take shape now, watch the 24,980 key medium-term resistance on the Hang Seng Index. /*
The USD/CAD outlook shows traders dumping the loonie on tariff fears. An automobile tariff and a 25% levy on all imports will cloud the outlook for growth in Canada. BoC policymakers are becoming more cautious. The USD/CAD outlook shows traders dumping the loonie as tariffs on Canada loom large. Trump confirmed an automobile tariff that
The steady drip of tariff news from US President Donald Trump continued overnight, pushing US equities lower and weighing on risk sentiment globally. The tech-heavy NASDAQ led the decline with a drop of over 2%, while broader US indexes also closed in the red. In Asia, Japan’s Nikkei and South Korea’s Kospi followed with notable
But uncertainty is really high and geopolitics is the main cause of that The odds of a rate cut next month are at ~76% now. So far, policymakers are not decisively offering much to convince that they might hold off from cutting again. And Kazāks’ headline remark above exemplifies the narrative at the moment. This
2025.03.27 2025.03.27 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 27.03.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. Cryptocurrencies continue to decline. The article covers the following subjects: Major Takeaways BTCUSD: The price is expected to fall to the previous low. Consider short trades from the
Gold prices rose in Philippines on Thursday, according to data compiled by FXStreet. The price for Gold stood at 5,613.30 Philippine Pesos (PHP) per gram, up compared with the PHP 5,586.39 it cost on Wednesday. The price for Gold increased to PHP 65,472.48 per tola from PHP 65,158.58 per tola a day earlier. Unit measure
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Japan Chief Cabinet Secretary Yoshimasa Hayashi said on Thursday that they have “once again, asked the US to exempt Japan from auto tariffs.” Further comments “US auto tariffs are extremely regrettable.” “Will continue to work closely with us and take necessary steps to resolve issue.” Meanwhile, Japanese Prime Minister (PM) Shigeru Ishiba said on Thursday,
TD Securities notes that the Shanghai Gold Exchange has admitted four major Chinese life insurance companies as members under a new pilot program, potentially paving the way for a significant surge in institutional gold demand. The inclusion grants these insurers access to purchase gold directly through the exchange—marking a notable shift in policy that could
Trump’s announcement of the 25% auto tariffs was earlier. I’ve summarised the main points, as Trump covered a lot of separate ground (lumber, drugs, April 2 etc) and it was all a bit jumbled. a new 25% tariff on all cars and light trucks not manufactured in the United States will be on top of
China will on Thursday release February figures for industrial profits, highlighting an extremely light day for Asia-Pacific economic activity. In January, profits were down 3.3 percent on year. Thursday is also the last day before a lengthy break for the Indonesia stock market; it’s off Friday for Saka New Year and then all next week
The DXY trades near the 104.30 area after a modest upward reaction to economic data. Traders weigh durable goods strength and fresh copper tariff comments against geopolitical ceasefire noise. Resistance aligns near 104.53, while 104.09 acts as short-term support. The US Dollar Index (DXY), which measures the value of the US Dollar against a basket
The Mexican Peso falls as traders brace for a 50-basis-point rate cut amid signs of cooling inflation and weak economic activity. Banxico expected to slash rates by 50 bps as economy shows signs of fatigue. Economic activity remains in contraction despite solid retail sales and marginal January improvement. The Mexican Peso (MXN) depreciates against the
Housing prices in Luxembourg rose in the fourth quarter of 2024, marking the first increase in two years, preliminary data from the statistical office showed on Wednesday. Prices of apartments and houses climbed 1.4 percent year-on-year after a 1.9 percent fall in the third quarter. This was the first increase since the final three months
Australia’s CPI eases to 2.4% Australia’s inflation rate surprised on the downside, as CPI eased in February to 2.4% y/y. This was below the 2.5% gain in January which was also the market estimate. The drop in inflation was noted in across a range of sub-categories, including gasoline, electricity and food. Core inflation also eased
The move to one-day settlement for US equities, known as T+1, may be contributing to record liquidity shortfalls at the National Securities Clearing Corporation (NSCC), which clears all US-listed stock trades. NSCC, a subsidiary of the Depository Trust & Clearing Corporation (DTCC), reported a liquidity shortfall of $7.1 billion in the fourth quarter of 2024,
There is a lot of uncertainty about tariffs A lot of the sentiment shift is about tariffs It’s conceivable the hit to confidence could be bigger than the tariffs themselves The good news is that there are resolutions of trade uncertainty and confidence could be restored I take very seriously the hit to confidence, the
