Fed’s Schmid in a Yahoo finance interview said that recent inflation are higher relative to the job situation. Comments come ahead of Fed’s Sept. 16–17 meeting and the Kansas City Fed’s annual conference at Jackson Hole. The highlights of the interview support his more hawkish stance which is not set to cut rates No rush […]
The S&P 500 rebounded from a local low yesterday – does this suggest more sideways trading ahead? Stocks pulled back on Wednesday, but they rebounded from intraday lows, with the S&P 500 index closing just 0.24% below Tuesday’s close. Today, it is expected to open 0.4% lower, according to futures contracts, and may trade sideways
AstraZeneca continues pharmaceutical excellence Key fact: AstraZeneca’s oncology portfolio generated over $5 billion in revenue last year, with more than 180 ongoing clinical trials across its pipeline, positioning it as a global leader in cancer treatment development. AstraZeneca remains a standout performer in the UK healthcare sector, combining defensive characteristics with genuine growth potential. The pharmaceutical
Hedge funds are reloading their short dollar bets – with a few new twists – ahead of US Federal Reserve chairman Jerome Powell’s highly anticipated keynote speech at the central bank’s annual Jackson Hole conference on Friday, August 22. Garth Appelt, head of derivatives, FX and emerging markets macro trading at Mizuho Americas, says
2025.08.21 2025.08.21 How to Read A Candlestick Chart Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ In the world of trading, it is crucial to grasp market movements swiftly. Japanese candlesticks represent an indispensable tool for analyzing prices. Candlestick patterns empower both novice and seasoned traders with the ability to quickly discern market movements, both past and future, quickly. This article
Belgian consumer confidence rose to the highest level in a year amid reduced fears of a rise in unemployment, the National Bank of Belgium said on Thursday. The consumer sentiment index rose to -2.0 in August from -4.0 in the previous month. Consumer expectations for the general economic situation remained unchanged, while concerns over a
The Japanese yen is slightly lower on Thursday. In the European session, USD/JPY is trading at 147.87, up 0.39% on the day. Japan’s inflation expected to continue slowing Japan releases the July inflation report on Friday. The markets will be especially interested in the core rate, which is expected to ease to 3.0% y/y, from
Gold price stays subdued with limited downside. Fed policy signals weighed on the gold as bets for aggressive easing faded. Markets now eye the Fed Chair speech and the Jackson Hole Symposium. Gold price stays under pressure in the early European session on Thursday with limited downside, as investors weigh Fed policy signals against persistent
FTSE 100 outperforms European markets again The FTSE 100 extended its winning streak for a fourth consecutive day, rising 0.1% at the open and continuing to outperform its continental European counterparts. The index’s resilience reflects its unique sector composition, which has proven advantageous in the current market environment. Defence stocks provided significant support, with Rolls-Royce and BAE Systems
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The Indian Rupee falls marginally to near 87.20 against the US Dollar. India’s flash HSBC PMI expanded at a faster pace in August. FIIs continue to pare stakes from Indian stock markets. The Indian Rupee (INR) ticks down to near 87.20 against the US Dollar (USD) during the European session on Thursday. The USD/INR pair
2025.08.21 2025.08.21 Dollar Drifts Lower Amid Anti-Fed Headlines. Forecast as of 21.08.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Donald Trump has put pressure on the Fed at just the right time. Jerome Powell is expected to deliver moderately hawkish rhetoric at the Jackson Hole conference. This has given EURUSD bears more room for maneuver. The US administration has limited
There are just a couple to take note of on the day, as highlighted in bold below. That being for EUR/USD at the 1.1670 and 1.1700 levels. The former holds close to the key hourly moving averages of 1.1664-68 currently, so the expiries could help limit any upside pushes on the session. And the latter
EUR/USD remains subdued as traders adopt caution ahead of HCOB Purchasing Managers’ Index data. Eurozone HCOB PMIs forecast stand at 49.5 for Manufacturing and 50.6 for Services. The FOMC Meeting Minutes indicated that most members viewed keeping interest rates unchanged as the appropriate decision. EUR/USD edges lower after registering slight gains in the previous session,
India has formally signed the terms of reference with the Eurasian Economic Union (EAEU) in Moscow, initiating negotiations for a Free Trade Agreement (FTA), as reported by The Times of India. This development occurs amidst ongoing trade tensions between the United States and India. The EAEU consists of member nations including Armenia, Belarus, Kazakhstan, the
The softer NFP and CPI data have reinforced their conviction that the Fed is back on the path to cutting, with a 25bp move in September still their base case. The stronger July PPI was only a temporary hiccup and isn’t seen as a game-changer. Positioning doesn’t look crowded, which means there’s still room for
The manufacturing sector in Japan continued to contract in August, although at a slower rate, the latest survey from Jibun Bank revealed on Thursday with a manufacturing PMI score of 49.9. That’s up from 48.9 in July, although it remains just barely beneath the boom-or-bust line of 50 that separates expansion from contraction. The survey
