Another potential upside target is the 161.8% Fibonacci extension of the October 2023 low to the March 2024 high bull run, extended higher from the April 2024 low, which comes in at 24,103.45. It represents a near 7% rise from current levels (as of the daily close made at the end of June 2025). Earnings
The USD/JPY price analysis indicates rising demand for the safe-haven yen. Uncertainty over trade deals dampened risk appetite. Goldman Sachs believes the Fed will deliver three 25-bps rate cuts this year. The USD/JPY price analysis indicates rising demand for the safe-haven yen amid fiscal and trade uncertainty. At the same time, the dollar weakened due
2025.07.01 2025.07.01 Japan Seeks Removal of US Tariffs. Forecast as of 01.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The 25% US import duty on cars is a significant headwind for Japan. Should it find common ground with the US, the USDJPY pair will likely continue to decline. Let’s discuss this topic and develop a trading plan. The article covers
Key findings: Renewed drop in production amid further fall in new orders Inflationary pressures dissipate Job shedding continues as business confidence wanes Comment: Commenting on the PMI data, Nils Müller, Junior Economist at Hamburg Commercial Bank, said: “Italy’s manufacturing sector lost ground in June, with the headline PMI falling to 48.4, marking the sharpest deterioration
2025.07.01 2025.07.01 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 01.07.2025 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 section of a bullish impulse to a high of
Flash inflation and final factory Purchasing Managers’ survey results from the euro area and unemployment from Germany are top economic news due on Tuesday. At 2.00 am ET, UK Nationwide house price data is due. Economists forecast house prices to grow 3.3 percent on a yearly basis, slower than the 3.5 percent increase in May.
Germany 40 and FTSE end quarter higher despite weak overnight close The Germany 40 (DAX 40) and the FTSE 100 indices finished lower overnight but still managed to end the June quarter with gains of 7.88% and 2.08% respectively. While these gains are modest compared with those recorded by United States (US) indices, they likely feel like
CEO David Mercer on what the Genius Act means for markets, and where the venue’s FX business goes next Source link
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
Japan Chief Cabinet Secretary Hayashi: Japan won’t do anything to sacrifice agriculture sector in U.S. trade talks Earlier, Japan farm minister Koizumi: will continue to work with various ministries towards maximising Japan’s national interests in the context of trade negotiations with U.S. Japan Econ Minister Akazawa: won’t comment on whether rice is part of U.S.
The manufacturing sector in Japan moved up into expansion territory in June, the latest survey from Jibun Bank revealed on Tuesday with a manufacturing PMI score of 50.1. That’s up from 49.4 in May and it moves up above the boom-or-bust line of 50 that separates expansion from contraction. Helping to push the headline index
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
The Bank of Japan will release its quarterly Tankan Survey of business sentiment later this morning, highlighting a busy day for Asia-Pacific economic activity. The large manufacturers index is expected to see a score of +10 with an outlook of +9; both showed +12 in the previous three months. Large industry capex was up 3.1
Quarterly Survey of Business Opinion (QSBO) from the New Zealand Institute of Economic Research (NZIER). Full text is here: NZIER’s QSBO shows real activity remaining weak despite improved confidence Highlights: Economic outlook expectations: A seasonally adjusted net 27% of businesses expect economic conditions to improve in the coming months, up from 23% in the March
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
Returning to regularly scheduled programming from the last seven days, dollar downside has continued early into this week’s trading, with USD/CHF currently poised to extend a seven-day losing streak. Cutting rates to 0.00% in their June decision, which would typically weaken the franc, recent policy decisions have done little in curbing dollar-franc selling pressure, with
The euro is up for an eighth consecutive day and has gained 2.4% during that time. In the North American session, EUR/USD is trading at 1.1738, up 0.36% on the day. German inflation flatlines in June German data on Monday pointed to a weakening German economy. The CPI report indicated that the deflationary process slowly
