The major US stock indices are closing sharply lower for the day. The final numbers are showing: Dow industrial average -444.23 points, or -0.90% at 44303.40 S&P index -57.58 points or -0.95% at 6025.99 NASDAQ index -268.59 points or -1.36% at 19523.40 Russell 2000-27.41 points or -1.19% at 2279.70 For the trading week, the declines […]
Inflation expectations are rising, driven by tariff concerns and impacting consumer sentiment. US job growth was lower than expected, adding to market concerns. Key events for the week ahead include the US CPI release and testimony from Fed Chair Jerome Powell. Week in Review: Tariff Fears Sees Inflation Expectations Rise Markets had an interesting end
According to the University of Michigan’s (UoM) Consumer Sentiment Index, American consumers are beginning to grow increasingly concerned about United States (US) President Donald Trump’s approach to economic policy and international trade. Trade war fears have knocked back consumer confidence, and consumer inflation expectations have also climbed. The Preliminary UoM Sentiment Index showed that aggregate
Dollar edged higher in early US session following the non-farm payrolls (NFP) report, but the overall momentum remains lackluster. Stock futures are flat, while 10-year Treasury yield is staging a slight recovery, suggesting a measured market response as traders hold back from aggressive positioning ahead of next week’s key economic events including US CPI and
2025.02.07 2025.02.07 XAU/USD: Elliott Wave Analysis and Forecast for 07.02.25 – 14.02.25 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 2725.20 with a target of 3000.00 – 3100.00. A buy signal: the price holds above 2725.20. Stop Loss: below 2700.00, Take Profit:
The Canadian dollar is showing limited movement for third consecutive day. In the European session, USD/CAD is trading at 1.4328, up 0.14% on the day. The week wraps up with January employment reports from both Canada and the US, which could mean USD/CAD will be active in the North American session. Canada and the US
2025.02.07 2025.02.07 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 07.02.2025 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 will presumably continue declining in the actionary wave [Y]. Consider short positions from the
The forex market was relatively subdued during Asian session, with one clear exception: Japanese Yen continues to outperform. Fresh data from Japan showed a 2.7% yoy increase in household spending, not only marking the first rise in five months, but also the fastest pace since August 2022. Paired with this week’s solid wage growth figures,
The Canadian dollar has gained sharply since Trump paused an expected 25% tariff. Economists expect slower job growth in the US and Canada. Unemployment might increase in Canada. The USD/CAD price analysis shows a brighter future for the Canadian dollar since Trump paused a 25% tariff on Canadian goods. Meanwhile, market participants are gearing up
Major currencies are little changed so far with the dollar keeping steadier on the day. The greenback caught a breather in trading yesterday, after having dealt with a setback following the opening gap higher on Monday. Tariff fears are receding and that’s led to the turnaround in sentiment, with the focus now shifting back to
Silver price holds ground near its three-month high of $32.56, recorded on February 5. The upside of the Silver appears limited as the US Dollar gains ground amid rebounding US Treasury yields. Traders await US Nonfarm Payrolls to gain fresh impetus regarding the Fed’s monetary policy direction. Silver price (XAG/USD) remains in positive territory for
Consensus forecasts predict an increase of 169,000 jobs, with the unemployment rate expected to remain at 4.1%. Strong numbers (over 190,000 jobs) could strengthen the dollar, while weak numbers (less than 135,000 jobs) could weaken it. (DXY) currently has support levels around 107.00, 106.13, and 105.76, and resistance levels at 108.00, 108.49, and 109.52. Most
Consensus estimate +170K Estimate range +60K to +250K December was +256K Private consensus +141K versus +223K prior Unemployment rate consensus estimate 4.1% versus 4.1% prior Prior unrounded unemployment rate 4.0855% Prior participation rate 62.5% Prior underemployment U6 7.5% Avg hourly earnings y/y exp +3.8% versus +3.9% prior Avg hourly earnings m/m exp +0.3% versus +0.3%
The Canadian Dollar churned on Thursday, holding flat against the Greenback. PMI figures from Canada contracted sharply in January, limiting Loonie gains. Key US NFP and Canadian employment figures are due on Friday. The Canadian Dollar (CAD) spun in a tight circle on Thursday, churning chart paper near 1.4300 against the US Dollar (USD) as
