AUD/JPY was seen near the 94.30 zone on Friday ahead of the Asian session, retreating toward the lower end of its daily range. Despite mixed signals from oscillators, moving averages tilt the broader technical bias to the downside. Support lies near 94.00 and 93.88, while resistance is seen just above 94.40; indicators remain conflicted with […]
Elon Musk is combining X (formerly Twitter) and xAI (his AI company that’s known for Grok). The deal puts X under xAI with the transaction valuing X at $33 billion. That’s a 33% discount to the $44 billion he paid to take Twitter private, however with the debt component it might all wash out. There
Euro area consumers’ inflation expectations for the next 12 months and three years ahead were unchanged, while the uncertainty about the outlook for the one year ahead was the lowest in three years, survey data from the European Central Bank showed on Friday. Median expectations for inflation over the next 12 months were unchanged at
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 tariff developments even though we have
SPX daily chart It’s a tough one in the equity markets today with the S&P 500 now down 2% and the Nasdaq down 2.7%. Tariff angst is high ahead of Wednesday’s planned Trump tariffs. It’s very tough to estimate exactly what’s priced in for tariffs but if there is any room for de-escalation, the stock
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2025.03.28 2025.03.28 AT&T Forecast & Predictions for 2025, 2026, 2027–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ AT&T reported revenue of $32.3 billion and net income of $4.4 billion (+70% YoY) in Q4 2024. Besides, the company added 482,000 mobile customers and 307,000 fiber optic subscribers, significantly exceeding analysts’ expectations. This rapid growth reflects the success of AT&T’s
German unemployment increased more than expected in March as economic downturn continued to weigh on labor market activity, official data showed Friday. The number of people out of work increased 26,000 to 2.92 million, the Federal Employment Agency reported. Unemployment was expected to climb 10,000 after rising 9,000 in February. The unemployment rate rose to
Silver price jumps to near $34.60 as its safe-haven demand improves amid growing concerns over global trade. Investors expect that Trump’s tariffs will impact economic growth and prompt inflation across the globe. The US core PCE inflation data rose at a faster-than-expected pace of 2.8% in February. Silver price (XAG) posts a fresh five-month high
The forex markets are ending the week in a sluggish and indecisive mood, despite a flurry of notable economic data releases. The highlight was the hotter-than-expected US core PCE inflation, which firmed expectations that Fed will hold rates steady in May, with market pricing now around 90% chance. However, expectations for a June rate cut
Inflation in Japan’s capital accelerated in February. Tokyo Core CPI, one of the most important inflation indicators, rose to 2.4% y/y, up from 2.2% in January and above the market forecast of 2.2%. Tokyo CPI climbed to 2.9%, up from 2.8% in January but below the market estimate of 3.1%. The gain was largely driven
2025.03.28 2025.03.28 USD/СAD: Elliott Wave Analysis and Forecast for 28.03.25 – 04.04.25 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 1.4230 with a target of 1.4800 – 1.5200. A buy signal: the price holds above 1.4230. Stop Loss: below 1.4180, Take Profit:
The USD/JPY price analysis indicates increasing price pressures in Japan’s capital. Core inflation in Tokyo rose by 2.4%. The US economy grew by 2.4% in the last quarter, bigger than the forecast of 2.3%. The USD/JPY price analysis indicates increasing price pressures in Japan’s capital that might convince the BoJ to keep hiking rates. As
Inflation in Japan’s capital accelerated unexpectedly in March, data from the Ministry of Internal Affairs revealed Friday. Excluding fresh food, Tokyo consumer prices moved up 2.4 percent year-on-year, faster than the 2.2 percent rise in February. Prices were expected to climb at a steady pace of 2.2 percent. Overall inflation logged 2.9 percent annual growth,
Prior +1.7%; revised to +1.4% Retail sales +2.2% vs +0.5% y/y expected Prior +1.0%; revised to +0.6% Retail sales (ex autos, fuel) +1.0% vs -0.5% m/m expected Prior +2.1%; revised to +1.6% Retail sales (ex autos, fuel) +2.2% vs +0.4% y/y expected Prior +1.2%; revised to +0.8% That’s a notable beat with non-food store sales
The overall mood in the forex markets remains one of indecision, with major currencies largely range-bound. Yen is attempting a mild rebound after Tokyo’s CPI figures came in stronger than expected, with core-core inflation rising to 2.2% yoy. However, the Japanese currency is still the worst performer of the week, reflecting the broader uncertainty over
The Japanese Yen attracts some buyers following the release of a strong Tokyo CPI print. The BoJ’s hawkish stance and the risk-off mood further underpin the safe-haven JPY. The US PCE Price Index due later this Friday should provide fresh impetus to USD/JPY. The Japanese Yen (JPY) struggles to capitalize on a modest Asian session
