DBS Group Research economist Chua Han Teng expects the People’s Bank of China to keep the 1-year Loan Prime Rate at 3.00% on February 24, as January data are still unfolding. The report says policy remains cautiously accommodative, reflected in a lower USD/CNY fixing below 7.0, with reliance on structural tools and broader easing anticipated […]
Today’s weekly close was surprisingly calm despite the groundbreaking news: The infamous Trump tariffs officially got struck down by the US Supreme Court. It has been a bumpy ride regarding US duties. Source of confusion and anxiety, Markets had originally reacted very pessimistically to their announcements, leading to a swift correction from beginning 2025 to
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Markets: Gold up $87 to $5085 WTI crude oil flat at $66.39 US 10-year yields up 0.8 bps to 4.08% S&P 500 up 0.5% AUD leads, CAD lags It was a news-filled day that started with a big miss on GDP. You could sniff that downside surprise out (and we did) after yesterday’s trade data
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The Atlanta Fed’s initial GDPNow estimate for Q1 2026 real GDP growth came in at 3.1% (annualized) as of February 20, pointing to a solid start to the year. At the same time, the advance estimate for Q4 2025 GDP, released today by the Bureau of Economic Analysis, showed growth of just 1.4% — a
Delivering a major blow to President Donald Trump’s signature economic policy, the U.S. Supreme Court on Friday struck down most of the president’s sweeping global tariffs. The nation’s highest court ruled in a 6-3 decision that the International Emergency Economic Powers Act, or IEEPA, does not authorize the president to impose tariffs. “IEEPA contains no
Commerzbank’s Dr. Vincent Stamer notes that the Euro area composite PMI rose to 51.9 in February, recovering about half of its recent decline and remaining in a range historically consistent with moderate growth. Sentiment improved particularly in manufacturing, while services edged higher. The bank expects the Euro area economy to grow again this year, though
Sterling leads the currency markets today, buoyed by stronger-than-expected UK PMI and retail sales data that reinforced the narrative of economic resilience. The rebound in business activity helped offset lingering concerns generated earlier in the week by softer labor and inflation figures. For the BoE this means policy easing can proceed cautiously. A March rate
2026.02.20 2026.02.20 What Is Price Action Trading: Strategies, Patterns & Signals for Forex Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ The Price Action trading method is an important part of technical analysis. Retail traders use it across all financial markets and instruments because all you need for analysis is a chart, a few basic indicators, and the ability to read
January data reinforce expectations of a 25 basis point rate cut in March Industrial production declined, with construction down 12.8 percent year on year Weakness was broad based, affecting most monitored sectors Producer prices fell by 2.6 percent year on year, deepening deflation Wage growth showed early signs of moderation Disinflationary trends support a more
Rolls Royce is expected to report higher revenue and significantly stronger pre-tax profit, earnings per share (EPS) compared to full-year 2024 results. Revenue: £19.81 billion, 12.1% above its FY 2024 £17.85 billion result. Pre-tax profit: £3.3 billion, around 44% higher than a year ago. EPS: 28.81 pence, around 43% higher than a year ago. Strong
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2026.02.20 2026.02.20 USD/CAD: Elliott Wave Analysis and Forecast for 20.02.26–27.02.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: After the correction ends, consider short positions below the level of 1.3760 with a target of 1.3300–1.3111. A sell signal: the price holds below 1.3760. Stop Loss: above 1.3760, Take Profit: 1.3300–1.3111. Alternative
Prior 49.1 Services PMI 53.4 vs 52.4 expected Prior 52.4 Composite PMI 53.1 vs 52.3 expected Prior 52.1 Key Points: Business activity growth ticks up to four-month high in February Comment: Commenting on the flash PMI data, Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said: “Hurray, German industry is growing again.
Dollar remained generally firm in otherwise quiet Asian trading, with broader FX flows subdued but sentiment increasingly cautious. There is a noticeable sense of nervousness across markets as geopolitical risks intensify. Precious metals edged higher, with Gold and Silver ticking up modestly. However, there is no clear follow-through buying. The lack of sustained momentum suggests
Japan’s consumer price inflation weakened to a two-year low in January, data from the Ministry of Internal Affairs and Communications showed Friday. Core inflation that excludes prices of food, slowed to 2.0 percent from 2.4 percent in the previous month. This was the lowest since January 2024. At the same time, headline inflation stood at
