There are just a couple to take note of on the day, as highlighted in bold below. The first ones are for EUR/USD at 1.1600 through to 1.1700. Price action has been ranging in between the two points since the latter stages of last week and with all eyes on the US CPI report tomorrow, […]
Apple’s investment fuels tech rally driving US market upward United States (US) stock markets surged on Friday night, with technology stocks extending their gains following Apple’s announcement of a $600 billion investment plan. For the week, the US Tech 100 (Nasdaq 100) rose 3.73%, the US 500 (S&P 500) gained 2.43%, and the Wall Street (Dow
I posted on the tailwinds for ETH a few minutes ago: Ether on the move: ETH/USD to its highest since December 2021 Bitcoin catching a bid also: This article was written by Eamonn Sheridan at investinglive.com. Source link
China’s Contemporary Amperex Technology Co. Ltd. (CATL) halted production for at least three months at its Jianxiawo lithium mine in Jiangxi province. The suspension, triggered by the expiry of its mining permit on August 9, has fuelled speculation of wider supply cuts as Beijing seeks to curb overcapacity Analysts cautioned the move is unlikely to
Indonesia will on Monday release July figures for retail sales, highlighting a light day for Asia-Pacific economic activity. In June, sales were up 1.9 percent on year. Malaysia will see June data for unemployment; in May, the jobless rate was 3.0 percent. Finally, the markets in Japan (Mountain Day) and Thailand (Queen Sirikit’s birthday) are
Japanese markets are closed today for the Mountain Day holiday. stock markets closed yen trade will be thinned out, most major will be as for US bonds, SIFMA’s recommendation of a holiday will halt the trading of U.S. dollar-denominated government securities, mortgage- and asset-backed securities, over-the-counter investment-grade and high-yield corporate bonds, municipal bonds and secondary
Good morning, afternoon or evening to all investingLive traders and welcome to the start of the new FX week. Not too much change from late Friday, yen a tickle stronger. EUR/USD 1.1645 USD/JPY 147.57 GBP/USD 1.3439 USD/CHF 0.8080 USD/CAD 1.3755 AUD/USD 0.6521 NZD/USD 0.5946 I’ll be back with weekend news soon! In the meantime: Fed
Mon: Norwegian CPI (Jul), Japanese Mountain Day Holiday Tue: US-China truce deadline (likely to be extended), RBA Announcement (Aug), UK Jobs Report (Jun), German ZEW Survey (Aug), US CPI (Jul), EIA STEO, OPEC MOMR Wed: German Final CPI (Jul), Spanish Final CPI (Jul) Thu: Norges Bank Announcement, Australian Jobs Report (Jul), UK GDP (Jun/Q2), Swedish
China’s consumer prices were flat y/y in July, as government efforts to rein in excessive competition offered some relief from deflationary pressures. Analysts caution that the path out of deflation will be long and may require stronger stimulus measures. Consumer Price Index (YoY) (July) 0.0%, no change from a year earlier, beating forecasts for a
China Producer Price Index (YoY) below forecasts (-3.3%) in July: Actual (-3.6%) Source link
The US dollar is closing the day mostly higher. The one exception is a modest decline versus the GBP (which was the strongest currency this week). The Feds Musalem was more hawkish compared to other Fed members post the US jobs report. He is still concerned about the impact from tariffs on inflation good where
The Wall Street Journal is reporting that the Pres. team is expanding the search for the new Fed chair. According to the article: The search is being led by Treasury Secretary Scott Bessent will lead the vetting process, conduct initial interviews, and present a final shortlist to President Trump. The inclusion of former St. Louis
Iceland’s merchandise trade deficit for July increased from a year ago as exports decreased while imports were largely unchanged, preliminary data from Statistics Iceland showed on Friday. The goods trade deficit for July widened to ISK 44.2 billion from ISK 34.1 billion in the same month last year. The shortfall was ISK 37.3 billion in
From the US inflation data due on Tuesday will be the focus. In June, core goods prices (excluding autos) rose 0.6% MoM, the largest jump since February 2022. For July, we expect a similar increase, with autos also likely driving inflation higher. Vehicle prices, which surprisingly fell in June despite tariff pressures, and rising car
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
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
2025.08.08 2025.08.08 XAU/USD: Elliott Wave Analysis and Forecast for 08.08.25 – 15.08.25 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 3442.25 with a bearish target of 3120.00 – 2950.00. A sell signal: the price holds below 3442.25. Stop Loss: above 3475.00, Take
