India HSBC Services PMI came in at 60.4, below expectations (60.7) in June
India HSBC Services PMI came in at 60.4, below expectations (60.7) in June Source link
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Tesla sold 61,000 electric vehicles in China in June, up 3.7% y/y
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
New Zealand ANZ Commodity Price Index -2.3% m/m (prior 1.9%)
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
PBOC is expected to set the USD/CNY reference rate at 7.1618 – Reuters estimate
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
Plane carrying 14 people crashes near airport in New Jersey
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
UK PM Starmer pledges support for fin min Reeves for "years to come"
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
North American Markets in euphory ahead of July NFP – NA markets mid-week update
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
July Non-Farm Payrolls preview
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
Why Iran tensions failed to rattle 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 (XAU/USD) recalibrates as markets eye Trump’s tax bill, US NFPs
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
VodafoneThree Merger Creates UK’s Largest Mobile Operator
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
Pound drops hard as the gilt market comes undone
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 Retail Sales Recover 2.4%
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.
USD/CAD Price Analysis: US Job Vacancies Lift Dollar
The USD/CAD price analysis shows stronger bullish sentiment as the dollar recovers. The JOLTS report revealed that job openings in the US rose to 7.77 million. Economists expect slower US job growth in June and for the unemployment rate to jump from 4.2% to 4.3%. The USD/CAD price analysis shows stronger bullish sentiment as the
Gold Soars As Investors Flock to Safety. Forecast as of 02.07.2025
2025.07.02 2025.07.02 Gold Soars As Investors Flock to Safety. Forecast as of 02.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ While Donald Trump and Elon Musk are engaged in a dispute over the “Big, Beautiful Bill,” gold market participants are evaluating the potential risks. Will fiscal stimulus boost or hurt XAUUSD quotes? Let’s discuss this topic and make a trading
EUR/USD Forecast: Dollar Rebounds on Strong Jobs Data
The EUR/USD forecast indicates a rebound in the dollar after upbeat employment figures. Job vacancies in the US exceeded the estimated number. Powell did not rule out the possibility of a rate cut at the next meeting. The EUR/USD forecast indicates a rebound in the dollar after upbeat employment figures in the previous session. However,
Tech Selloff Weighs On Markets As Trade Deadline Looms
Tech momentum unwinds after weeks of gains The Nasdaq 100’s 0.82% decline to 20,202.89 marked a retreat from recent highs, as investors took profits following an extended period of outperformance. The NYFANG index’s 1.8% drop highlighted just how concentrated the selling pressure had become amongst the market’s largest technology names. Tesla’s 5.4% plunge exemplified the volatility