As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online … prices are liable to swing around, so take care out there. Indicative rates, a little change from late Friday: EUR/USD 1.0921 USD/JPY 145.93, sharply lower than its late Friday level GBP/USD 1.2845 USD/CHF […]
Mon: Japanese Cash Earnings (Feb), German Trade Balance (Feb), EZ Retail Sales (Feb), EZ Sentix Index (Apr) Tue: N/A Wed: FOMC Minutes, RBNZ Announcement, RBI Announcement Thu: Chinese Inflation (Mar), Swedish GDP (Feb), Norwegian CPI (Mar), Taiwan Trade Balance (Mar), US CPI (Mar) Fri: UK GDP (Feb), US PPI (Mar), US UoM Prelim (Apr), US
The USD/CAD weekly forecast shows tariffs threatening growth in the US and Canada. Trump’s new tariffs worsened fears about a US recession. Employment figures from Canada revealed a weak labor market. The USD/CAD weekly forecast shows tariffs threatening growth in the US and Canada, which could keep the pair in consolidation. Ups and downs of
The global financial markets were shaken last week as US President Donald Trump’s long-anticipated reciprocal tariff plan arrived with a bang. The magnitude of the tariff rates, the number of countries impacted, and the sheer complexity of implementation shocked investors. What could have been a temporary setback quickly spiraled into a broader risk event, fueling
NZD/USD fell sharply toward the 0.5600 zone on Friday, tracking heavy daily losses ahead of the Asian session. Momentum indicators align bearishly, with MACD and Bull Bear Power showing clear selling pressure. Major moving averages and resistance near 0.5700 cap upside attempts for now. The NZD/USD pair collapsed on Friday, diving toward the 0.5600 area
Silver breaks below 100- and 200-day SMAs, signals strong bearish momentum amid escalating US-China tariff battle. RSI enters oversold territory, but selling pressure may continue toward $28.74 and $27.71 if $29 fails to hold. A recovery above $30 could see buyers retest $30.86 SMA and key resistance near $31.00. Silver price plummeted on Friday as
The March 2025 U.S. jobs report delivered a strong upside surprise with non-farm payrolls rising by 228K, well above the 135K expected, and supported by a +2K net revision to previous months. The unemployment rate ticked up to 4.2%, slightly higher than forecast, though the participation rate improved to 62.5%, suggesting more workers re-entered the
The upcoming week will focus on U.S. President Donald Trump’s plans for new tariffs. Alongside this, markets will also watch U.S. jobs data, an Australian central bank meeting, and a key eurozone inflation report. Asia Pacific Markets The main focus this week in the Asia Pacific region will be Chinese inflation and Japanese wage data
The sharp fall in the US dollar following President Donald Trump’s “liberation day” tariffs announcement saw intense activity on foreign exchange options desks, leaving dealers rushing to buy volatility to re-hedge EUR/USD books as spot surged. “It was manic… it almost made the Turkish lira [moves] irrelevant,” says one head of FX derivatives at a
Nike stock recovers after Vietnamese leader reaches out to Trump. Trump says he will set a meeting with General Secretary To Lam. NKE stock dropped 14.4% on Thursday in response to Trump’s 46% tariff on Vietnam. Dow Jones Industrial Average sheds 4.6% at the time of writing. Nike (NKE) shares surged over 5% around
Citing a highly uncertain outlook due in part to President Donald Trump’s new tariffs, Federal Reserve Chair Jerome Powell on Friday indicated the central bank will wait for greater clarity before considering any adjustments to interest rates. Powell noted in remarks at the Society for Advancing Business Editing and Writing’s annual conference that it will
EURUSD technicals The EURUSD moved into a topside range from back in September/October 2024 yesterday between 1.1001 and 1.1213, and has increased the momentum in trading today. The high price extended to 1.1098 just short of 1.1100 natural resistance. Since then, the price has moved lower and back below the low of the swing area
2025.04.04 2025.04.04 Megaphone Pattern – Definition, Trading Strategies & Example Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The Megaphone pattern is a well-known chart formation that indicates periods of high volatility. Its shape resembles a reversed symmetrical triangle where the price forms higher highs and lower lows. This pattern is characterized by wide price swings, making traders adopt a cautious
UK car sales grew sharply in March from a year ago, marking its first increase in six months, data from the Society of Motor Manufacturers & Traders, or SMMT, showed Friday. Car registrations grew by 12.4 percent to 357,103 units in March, up from 317,786 units in the corresponding month last year. “This growth, in
Risk aversion deepened across global markets today as China unveiled a forceful response to the sweeping US tariffs announced earlier this week. Beijing will impose an additional 34% tariff on all US goods starting April 10, in a move that effectively escalates the trade war into a full-scale economic confrontation. China sent the signal that
Nonfarm Payrolls (NFP) in the US rose by 228,000 in March, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 117,000 increase (revised from 151,000) recorded in February and surpassed the market expectation of 135,000 by a wide margin. Join us for our NFP Live Coverage here Other details of
The Japanese yen continues to sparkle on Friday. In the European session, USD/JPY is trading at 144.81, down 0.86% on the day. The yen is trading at its strongest level since September 2024 and is up 3.3% this week. /* Requesting advertisement by calling an endpoint assures that the advertisement is never cached together with
