Dow rally nears record high The Dow Jones Industrial Average is trading in a 4 1/2 month high whilst targeting its 45,054 January peak. On the way there resistance may be encountered around the 19 February high at 44,636, the 14 February high at 44,769 and the 6 February peak at 44,966. Support in case of […]
2025.07.03 2025.07.03 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 03.07.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The price is rising in the fifth part of a bullish impulse to a high of 111,854.30.
Prior -0.1% Core CPI +0.6% y/y Prior +0.5% The SNB can take some comfort from the latest readings here but the pressure remains. They’re much closer to deflation territory than any balanced territory at the moment still. This article was written by Justin Low at www.forexlive.com. Source link
US equities delivered another strong session, with the S&P 500 rising 0.5% to close at a fresh record of 6,227. Small‑caps led the charge, as the Russell 2000 jumped 1.31%, clearing its 200-day moving average for a second straight day, evidence that the post “Liberation Day” rebound has broadened beyond mega‑cap tech. /* Requesting advertisement
India HSBC Services PMI came in at 60.4, below expectations (60.7) in June Source link
Tesla sold 61,000 electric vehicles in China in June, up 3.7% y/y No further details at this stage This article was written by Eamonn Sheridan at www.forexlive.com. Source link
ANZ World Commodity Price Index, June 2025 -2.3% m/m prior 1.9% +11.0% y/y In NZD terms the index fell 3.4% m/m prior +0.5% +15.5% y/y ANZ says that Global shipping prices were generally higher in June. Exporters expect costs to ease in coming months due to reduced global demand. This article was written by Eamonn
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate
A plane went down Wednesday afternoon in Monroe Township in Gloucester County near the Cross Keys Airport, officials said. more to come No further details as yet Here we go, more: Numerous people injured says ABC media This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Reeves is the UK’s Chancellor of the Exchequer The background top Prime Minister Starmer’s pledge of support is: Fiscal worries are hitting the pound hard once again. There are rumors about the future of Chancellor of the Exchequer Rachel Reeves and the UK government is in damage control. It comes after Reeves was crying in
Markets have officially turned the page on the Israel-Iran conflict, which ended in a ceasefire last Monday. Since then, equity bulls have pushed major indices to fresh all-time highs, with the Nasdaq and S&P 500 both reaching new peaks over the past week. The Canadian TSX is also benefiting from the improved sentiment, touching a
The upcoming Non-Farm Payrolls (NFP) report is set to be released tomorrow, with a consensus expectation of 110K, compared to the previous release of 139K. While this data is typically released on the first Friday of every month, this month’s report comes on Thursday, July 3rd, due to Independence Day (July 4th), when US markets
When Israel launched a missile strike on Iran’s nuclear programme on June 13, some traders were left puzzled by why the conflict hadn’t substantially moved markets. After US president Donald Trump’s first administration killed Iranian military leader Qasem Soleimani on January 3, 2020, 10-year US Treasury yields dropped 9 basis points as investors rushed to
Gold price stalls ahead of Thursday’s Nonfarm Payrolls (NFP) report for clues on the health of the US labour market. Fiscal concerns continue to rise as Trump’s tax bill moves to the next stage. If passed, the budget deficit is expected to rise, which could boost demand for Gold. XAU/USD lingers below $3,350 as momentum
The birth of a telecoms giant The UK’s telecommunications sector entered a new chapter in mid-2025, as Vodafone UK and Three UK officially merged, forming VodafoneThree – now the country’s largest mobile operator by subscriber base. This £16.5 billion mega-merger has created a telecoms titan with over 29 million customers, promising large-scale investments and a transformed
Cable 10 mins Fiscal worries are hitting the pound hard once again. Cable is down more than a full cent in the past hour. The catalyst is a selloff in the UK bond market. UK 30-year gilt yields are up 21 bps on the day to 5.44%. 30 year gilt yields There are rumors about
Hong Kong’s retail sales value increased for the first time in more than a year in May, preliminary data from the Census and Statistics Department showed on Wednesday. The value of retail sales rose 2.4 percent year-on-year in May, reversing a 2.3 percent drop in March. Moreover, this was the first growth since March 2024.
