The New Zealand dollar is in negative territory on Wednesday. NZD/USD is trading at 0.5636 in the European session, down 0.31% on the day. US CPI expected to tick lower to 0.3% The markets are keeping a close eye on the January inflation report, which will be released later today. Headine inflation is expected to […]
The high earlier this week touched $2,942 and gold is nearly 2% down from that currently. Is it a case of running out of steam or are the bulls just taking a bit of a breather? I reckon the near-term chart will provide some answers to that. Gold (XAU/USD) hourly chart As seen with the
US Dollar (USD) traded subdued overnight in absence of fresh catalyst. DXY was last seen at 108 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Deceleration in core CPI may weigh on USD “In the semi-annual testimony to Senate Banking panel overnight, Fed Chair Powell signalled that the Fed was in no
2025.02.12 2025.02.12 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 12.02.2025 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 continues to decline in the motive wave [Y]. Consider short trades from the current
Yen struggled in the Asian session and stayed weak, with renewed selling pressure driven by a combination of rising US Treasury yields and ongoing concerns over trade policy developments. Market participants are still digesting the implications of US President Donald Trump’s decision to reintroduce tariffs on steel and aluminum imports, with Canada and the EU
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When asked if reciprocal tariffs are still coming on Wednesday, US President Donald Trump said ‘we’ll see’. Trump commented on this at an event to welcome home a hostage released by Russian President Vladimir Putin late Tuesday. Market reaction Markets remain on tenterhooks on Trump’s tariffs uncertainty, with the US Dollar Index (DXY) finding fresh
I posted headline comment earlier: So far, that’s it from him, Reuters have a recap up, this is it, In full! Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will continue to conduct its monetary policy with the aim of achieving its 2% inflation target sustainably and stably. Ueda made the
2025.02.11 2025.02.12 Economic Calendar for the Week 17.02.2025 – 23.02.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Trump’s statements about introducing new restrictive tariffs are shaking up the markets. In times of such extreme uncertainty, investors are forced to turn to safe-haven assets like gold, government bonds, and the yen to protect their assets. In the upcoming week, 17.02.2025 –
Oil prices are showing surprising resilience despite trade war fears, buoyed by ongoing sanctions on Russian and Iranian oil supplies. The EIA has raised its 2025 forecast for US oil production. A host of factors are influencing Oil price dynamics and is likely to keep market participants guessing. Most Read: Gold (XAU/USD) Outlook: $3000/oz Target
USD/JPY rebounds 0.35% from 151.64 low, driven by bond yield movements. Technical analysis hints at bullish shift; resistance near 200-day SMA at 152.76. Downside risks if SMA not surpassed; supports at 152.00 and 150.93 in focus. The USD/JPY climbed during the North American session. It trades at 152.52 and posts gains of over 0.35% after
The US stock have taken a turn to the downside with the NASDAQ index leading the way. The NASDAQ index is now down -0.64% at 19590. The low price just reached 19579.77. On the downside, the price of the NASDAQ is approaching its 200 hour moving average at 19569.54. (Green line on the chart below).
Trading is relatively subdued today across global markets as investors assess the fallout from the US steel and aluminum tariffs announced by President Donald Trump. Major European equity indexes are treading water, while US futures are slightly in the red. Treasury yields are recovering, though it remains too early to confirm a reversal of the
