China’s service sector registered faster growth in April, driven by stronger increases in new business despite declining foreign orders, survey results published by S&P Global revealed Wednesday. The headline RatingDog China services Purchasing Managers’ Index rose to 52.6 in April from 52.1 in the previous month. Subscribe to continue reading the article. This article is […]
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Key takeaways Intervention-driven downside resumes: USD/JPY plunged 2.4% to a two-month low after Japan’s ~$34.5B intervention on Thursday, 30 April, with a sharp intraday drop on today, 6 May, hinting at a possible second round of intervention. Rebound likely a dead cat bounce: The 1.5% recovery to 157.94 appears corrective within a newly formed short-term
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China’s RatingDog services PMI rose to 52.6 in April from 52.1 in March, with domestic demand driving a fortieth successive month of new order growth, while the composite PMI climbed to 53.1 Summary: The RatingDog China General Services Business Activity Index rose to 52.6 in April from 52.1 in March, signalling a faster rate of
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2026.05.04 2026.05.06 Weekly Economic Calendar for 11.05.2026–17.05.2026 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Market participants have reassessed the likelihood of changes in monetary policy following the late-April meetings of major central banks, including the Federal Reserve, and now need fresh data to refine their outlook. This week, attention will focus on inflation reports, including key releases from the US.
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The unemployment rate in New Zealand came in at a seasonally adjusted 5.3 percent in the first quarter of 2026, Statistics New Zealand said on Wednesday. That was beneath forecasts for 5.4 percent, which would have been unchanged from the previous three months. Subscribe to continue reading the article. This article is part of our
Super Micro Computer beat Q3 adjusted EPS estimates at $0.84 vs $0.63 but missed revenue at $10.24bn against the $12.45bn forecast, while guiding Q4 EPS above consensus. Summary: SMCI reported Q3 adjusted EPS of $0.84, well ahead of the $0.63 estimate, according to the company’s earnings release Third-quarter revenue came in at $10.24bn, missing the
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
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The EURUSD and GBPUSD have both pushed to fresh session highs in the North American session, but the technical story diverges beneath the surface. For EURUSD, the move higher ran into a key confluence—a trifecta of resistance defined by the 100-hour, 200-hour, and 100-day moving averages, all clustered near 1.17078. The pair briefly extended to
New home sales in the U.S. saw a substantial increase in the month of March, according to a report released by the Commerce Department on Tuesday. The report said new home sales spiked by 7.4 percent to an annual rate of 682,000 in March after soaring by 8.9 percent to an annual rate of 635,000
Bitcoin trades in 3-month highs Bitcoin has navigated a highly dynamic week, with price action reflecting a convergence of renewed institutional demand, improving sentiment and a break through technical resistance. The most notable development has been Bitcoin’s push back above the $80,000 mark, marking its strongest levels since late January. The rally has been supported by a
The US Dollar recovered a good part of its losses in the early week, forming a key double-bottom – More upside to come? With Oil bouncing back above $105, its correlation with the FX Market picks up again US Dollar Index (DXY) in-depth Technical Analysis The US Dollar regained much of its early-week losses and
2026.05.05 2026.05.05 Who Is the Richest Man in Africa and How They Built Their Wealth Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Africa has more countries than any other continent. However, despite its size, it has fewer billionaires than even Australia. Much of the wealth held by Africa’s richest individuals is concentrated in commodities and telecommunications. Even so, companies owned
