China Foreign Exchange Reserves (MoM): $3.285T (May) vs $3.282T
China Foreign Exchange Reserves (MoM): $3.285T (May) vs $3.282T Source link
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Forexlive Americas FX news wrap: Non-farm payrolls match estimates, dollar jumps
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
From Allies to Adversaries: The Timeline of Trump and Elon Musk’s Relationship
There has been much talk about the rupture of one of the most surprising relationships between the world’s richest man, Elon Musk, and US President Donald J. Trump. This story’s beginning comes from a significant surprise – Elon Musk, who shared and endorsed mostly Democratic ideas, made a U-turn in his approach and decided to
Mexican Peso remains firm against the Greenback with USD/MXN below 19.20
The Mexican Peso extends its gains against the US Dollar as markets adopt a ‘risk-on’ sentiment following the easing of US-China tensions. USD/MXN remains in a short-term bearish trend below 19.20. US-Mexico tensions remain in focus next week as Mexico condemns 50% tariffs on steel and aluminium imports to the US. The Mexican Peso (MXN)
Top US and China trade officials will meet Monday in London
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold Fails to Break Resistance in Risk-On Market Environment
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
GBP/USD slips as strong US jobs data cools Fed rate cut bets
Sterling still set for weekly gain over 0.80% amid broad Greenback weakness earlier in the week. US economy added 139K jobs in May, beating forecasts and reinforcing Fed’s cautious stance on rate cuts. Dollar strength resurfaces, with DXY climbing 0.58% to 99.28, its highest in two days. GBP/USD tumbled during the North American session, down
Dollar Rebounds as NFP and Wages Beat Forecasts, Tariff Impact Yet to Materialize
Dollar staged a firm comeback today following slightly better-than-expected non-farm payroll figures, with job growth at 139k and wage growth coming in strong at 0.4% mom. While not a blowout report, the data was enough to alleviate immediate concerns of a sharp labor market slowdown. Stock futures also advanced, suggesting that investors are reassessing the
There is too much focus on jobs and not enough on big changes immigration
Deutche Bank is out with a note highlighting that the focus on jobs might be the wrong one. The big change in the US economy is in immigration, which has cratered this year — falling more than 90% from the January 2022 to June 2024 average. They note that this is equivalent to an annual
XAU/USD: Elliott wave analysis and forecast for 06.06.25 – 13.06.25
2025.06.06 2025.06.06 XAU/USD: Elliott Wave Analysis and Forecast for 06.06.25 – 13.06.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Once the correction ends, consider long positions above the level of 3125.72 with a target of 3600.00 – 3800.00. A buy signal: the price holds above 3125.72. Stop Loss: below 3080.00,
Russia Central Bank Cuts Rate By 100 Bps
Russia’s central bank slashed its benchmark rate unexpectedly by 100 basis points on Friday, as inflationary pressures continued to ease. The board of directors, governed by Elvira Nabiullina, decided to cut the key interest rate to 20.00 percent from 21.00 percent. This was the first reduction since 2022. Economists had forecast the bank to maintain
AUD/USD drifts below 0.6500 with the Dollar picking up ahead of the NFP report
FX traders are paring back their USD short positions ahead of the US NFP release. US Nonfarm Payrolls are expected to show a 130,000 increase in May. A weaker-than-expected reading might heighten hopes of Fed easing and send the USD lower. The Australian Dollar extends losses below 0.6500 on Friday as traders trim their US
Trump-Musk fallout provides entertainment ahead of US payrolls
A bromance ends The ‘bromance’ between Trump and Elon Musk has come to an end it seems, as most people suspected it would. The two men, who had been such close allies in the election campaign and in the early months of the administration, took to social media to vent their differences after comments from
Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 06.06.2025
2025.06.06 2025.06.06 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 06.06.2025 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 expected to decline in the final part of the correction. The recommendation is