Nikkei 225 drifts lower The Nikkei 225 not only closed this week’s price gap with Monday’s 37,840 high, having come off its Tuesday six-week high at 38,790, but also slid below the 200-day simple moving average (SMA) at 37,945. This is currently acting as minor resistance ahead of the breached accelerated uptrend line at 38,480 and […]
The USD/CAD price analysis shows increasing pressure on the Fed to lower interest rates. US data revealed softer-than-expected wholesale inflation and weaker consumer spending. Oil collapsed on Thursday after Trump announced a likely nuclear deal with Iran. The USD/CAD price analysis shows increasing pressure on the Federal Reserve to lower interest rates. As a result,
2025.05.16 2025.05.16 Trump Pushes US Dollar Into Pit of Problems. Forecast as of 16.05.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ In his quest to reshape the world, Donald Trump has pushed the US dollar into a pit of structural problems. Perhaps, the decline of the US dollar is exactly what the US administration wants. Let’s discuss this topic and
From the previous trade embargo, it’s basically a complete reversal in circumstances now. Customers and businesses are all piling in orders during this 90-day rush period. But what does it all really mean? Well, all you have to do is think back to the second half of 2020 of the Covid pandemic. We went from
Mild risk-off mood is helping Yen to extend its near-term rebound, despite fresh signs of economic weakness at home. Japan’s economy was already showing signs of strain even before the impact of US tariffs, with Q1 GDP contracting more sharply than expected. BoJ is left in an increasingly precarious position, wedged between deteriorating growth and
Gold prices fell in Pakistan on Friday, according to data compiled by FXStreet. The price for Gold stood at 29,134.04 Pakistani Rupees (PKR) per gram, down compared with the PKR 29,333.40 it cost on Thursday. The price for Gold decreased to PKR 339,813.20 per tola from PKR 342,139.00 per tola a day earlier. Unit measure
US policy, overseas economies, FX do affect Japan’s economy and prices So that must be taken into account in monetary policy setting Japan’s economy has recovered moderately but some weakness still seen Economy is facing mounting downward pressure due to US tariffs policy Momentum for wage hikes has accelerated but could weaken depending on US
The Australian Dollar faces headwinds as the Trump administration moves to add several Chinese chipmakers to its export blacklist. The AUD remains under pressure despite a strong Australian labor market report showing solid job gains in April. The US Dollar continues to trade within a narrow range, as recent US economic data has sent mixed
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The Japanese economy contracted a seasonally adjusted 0.2 percent on quarter in the first quarter of 2025, the Cabinet Office said on Friday – missing expectations for a decline of 0.1 percent following the 0.6 percent gain in the three months prior. On an annualized basis, GDP was down 0.7 percent – again missing forecasts
BNZ – BusinessNZ Performance of Manufacturing Index (PMI). April comes in at 53.9 up from 53.2 in March fourth month in a row showing expansion above the average of 52.5 BusinessNZ’s Director, Advocacy Catherine Beard: “All of the sub-index values were in expansion during April.” BNZ’s Senior Economist Doug Steel: “activity is not surging, but
The pair trades near the 0.5900 zone after slipping 0.40%, pressured by softer New Zealand outlook and steady US Dollar. US PPI and Retail Sales missed expectations, but Fed’s Powell struck a cautious tone supporting Greenback stability. Technical bias is bearish; support at 0.5860 and 0.5846, resistance at 0.5878 and 0.5884. The NZD/USD is trading
George Saravelos is Global Head of FX Research at Deutsche Bank is out with a striking note today, highlighting the problems with the US dollar, deficits and government policy. The note certainly resonates with US 30-year yields touching off 5% today. He highlights the emerging consensus around the fiscal budget bill that’s working its way
The analysis in this article is a follow up from Gold (XAU/USD) Slides 2.2% to One-Month Lows. $3150 incoming? Gold prices have surged around 3% from the Asian session lows around the $3125/oz handle. Gold had surged toward the $3180/oz handle ahead of the US open thanks in large part to a weaker US Dollar.
A report released by the Federal Reserve Bank of New York said regional manufacturing activity continued to decline modestly in the month of May. The New York Fed said its general business conditions index edged down to a negative 9.2 in May from a negative 8.1 in April, with a negative reading indicating contraction. Economists
The US Dollar trades steady lower on Thursday despite a slew of key US economic data released. Markets see talks in Turkey between Russia and Ukraine fall apart before even starting. The US Dollar Index holds just below 101.00 and could move either way after a volatile Wednesday. The US Dollar Index (DXY), which tracks
