With the Dow industrial average down -0.47%, the S&P down -1.36% and the NASDAQ index down -2.0%, the European declines today are modest. The UK’s FTSE 100 led the declines, likely weighed down by earlier reports that the UK economy unexpectedly shrank in October. A snapshot of the closing levels shows the: European Market Close […]
The Pound Sterling (GBP) trades slightly lower but retains most of its weekly gains as UK data show mixed industrial performance and a wider trade deficit. Attention now shifts to next week’s jobs, CPI, and the Bank of England meeting, with markets closely watching guidance on future easing, Scotiabank’s Chief FX Strategists Shaun Osborne and
Dollar edged modestly higher into the final US session of the week, though follow-through remains limited. The rebound looks more like position adjustment than conviction, with markets reluctant to chase the greenback ahead of next week’s key data. Attention briefly turned to fresh remarks from two Fed officials who dissented against this week’s 25bps rate
Portugal’s consumer price inflation moderated slightly as initially estimated in November to the lowest level in seven months, the latest data from Statistics Portugal showed on Friday. The consumer price index rose 2.2 percent annually in November, slower than the 2.3 percent increase in October. That was in line with the flash data published on
2025.12.12 2025.12.12 XAU/USD: Elliott Wave Analysis and Forecast for 12.12.25 – 19.12.25 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 4,161.10 with a target of 4,600.00 – 4,800.00. A buy signal: the price holds above 4,161.10. Stop Loss: below 4,120.00, Take Profit:
Traditional sectors drive benchmark higher The Dow Jones Industrial Average has pushed to fresh all-time highs, marking a striking milestone for a market often regarded as the most traditional of US equity benchmarks. While much of the recent market narrative has centred on artificial intelligence (AI) and mega-cap technology stocks, the Dow’s advance reflects a broader
European stock markets were set for a third straight week of gains on Friday, following the positive performance of Wall Street. Investors were encouraged by the US Federal Reserve’s recent interest rate cut and continued to believe more cuts would follow in 2026. The main pan-European STOXX 600 index rose by 0.4%, moving close to
2025.12.12 2025.12.12 USD/CHF: Elliott Wave Analysis and Forecast for 12.12.25 – 19.12.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.8085 with a target of 0.7700 – 0.7500. A sell signal: the price holds below 0.8085. Stop Loss: above 0.8120, Take Profit:
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Sterling edged lower after the UK GDP release disappointed again, a adding to a run of soft growth signals and left the Pound mildly on the defensive into European session. The pre-Budget weakness is strengthening the case for the BoE to resume rate cuts at next week’s meeting. While the MPC remains clearly divided, resistance
The USD/CHF pair remains fragile near 0.7950 during the European trading session on Friday. The Swiss Franc pair is under pressure as traders expect the Federal Reserve (Fed) to deliver at least two interest rate cuts in 2026. US Dollar Price This week The table below shows the percentage change of US Dollar (USD) against
Japan’s industrial production expanded more than initially estimated in October, final data from the Ministry of Economy, Trade and Industry showed on Friday. Industrial production climbed 1.5 percent monthly in October, slower than the 2.6 percent recovery in September. In the initial estimate, industrial output showed an increase of 1.4 percent. Shipments grew 1.7 percent
OPTION EXPIRIES: EUR/USD 1.1800 (EUR 737.28 mn) 1.1755 (EUR 565.70 mn) 1.1700 (EUR 664.57 mn) 1.1600 (EUR 935.93 mn) USD/JPY GBP/USD 1.3415 (GBP 421.17 mn) 1.3250 (GBP 781.13 mn) USD/CHF 0.8000 (US$ 350.67 mn) 0.7700 (US$ 300.00 mn) USD/CAD 1.3940 (US$ 600.00 mn) 1.3800 (US$ 652.00 mn) AUD/USD EUR/GBP 0.8800 (EUR 486.21 mn) 0.8740 (EUR
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As prediction markets like Polymarket and Kalshi see exploded volumes on everything from Fed rates to geopolitical conflicts, a recent incident involving the Ukraine war highlights a critical vulnerability in the system. On November 15, a niche market on Polymarket regarding the Russian advance on the town of Myrnohrad exposed the pitfalls of relying on
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On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0638 compared to the previous day’s fix of 7.0686. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth.
