Trump’s tax bill is the Republicans’ big, bloated, $4 trillion headache
USD Source link
Uncategorized
NZD/USD steadies near bottom of range as Dollar weakens on soft inflation and policy concerns
The pair trades near the 0.5900 zone after trimming intraday losses amid mixed technical signals. Weak US inflation and speculation of a soft-Dollar policy weigh on the Greenback. Support at 0.5884; resistance seen at 0.5908 and 0.5928 with technicals pointing to possible rebound. The NZD/USD pair is hovering near the 0.5900 level after giving back
Gold (XAU/USD) Slides 2.2% to One-Month Lows. $3150 incoming?
Gold prices have slipped around 2.2% today to trade at $3176 at the time of writing. It appears safe-haven appeal is finally waning thanks to a combination of factors. US-China Deal The talks over the weekend between the global powers were one of the first dominos which have kept Gold prices under pressure. Today China’s
Tech sector rebounds: Nvidia and Google lead market gains
Stock heatmap by FinViz.com Wed, 14 May 2025 14:46:01 GMT Tech sector rebounds: Nvidia and Google lead market gains The US stock market is seeing a notable uptick today, with significant contributions from the technology sector. As investors navigate an increasingly nuanced landscape, both Nvidia (NVDA) and Google (GOOG) have emerged as standout performers, driving
Dollar Steadies After Early Weakness, Focus Turns to Australia Jobs Data
Dollar faced broad selling pressure throughout the Asian and European sessions but has since found some footing as markets transition into the US trading day. However, direction remains murky, with traders appearing undecided on whether to push the greenback higher or extend the recent pullback. A similar tone of uncertainty is mirrored in equities, as
The go-to FX bank in Apac: HSBC
With FX volumes in Asia-Pacific (Apac) growing rapidly on the back of heightened volatility, HSBC is leveraging its regional and international footprint to broaden its FX offering, providing clients with robust solutions to meet their trading and hedging needs As worldwide trade disruptions have led to market volatility and uncertainty in Apac, market participants in
Retraces from four-month high above 196.50
GBP/JPY retraces to near 194.45 from the four-month high of 196.50 as the Japanese Yen outperforms. BoJ’s Uchida expressed confidence in more interest rate hikes ahead. The UK economy is expected to have grown strongly by 0.6% in the January-March period. The GBP/JPY pair corrects to near 194.45 during European trading hours on Wednesday from
Recovery continues for key stock markets, S&P 500 and Nasdaq 100 both now up on the year
S&P 500 back in the green for the year Monday’s US-China trade war pause helped markets to stage an impressive recovery on Monday, and further gains yesterday for some markets saw the S&P 500 and Nasdaq 100 both move back into positive territory for the year. In the near-term we can expect this ongoing trade war pause
SNB May Resort to Negative Rates to Combat Deflation. Forecast as of 14.05.2025
2025.05.14 2025.05.14 SNB May Resort to Negative Rates to Combat Deflation. Forecast as of 14.05.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The USDCHF pair has slumped to a 10-year low due to heightened demand for safe-haven assets amid trade tensions. However, as the situation de-escalated, the franc lost its allure. The central bank’s discontent further complicates the existing situation.
S&P 500 positive for year, USD/JPY resumes descent while silver price sidelined
S&P 500 positive for the year The S&P 500, together with the Nasdaq 100, are trading back in positive territory for the year. In the short-term the index may soon lose upside momentum, though, as it nears the 5,909-to-5,923 resistance area which is made up of the 3 and 25 February lows. The US index
Europe Opening Bell: DAX Opens Positive, US Tech Stocks Rise, and Oil Prices Jump on Iran Sanctions
Asian Session Market Wrap Asia’s main stock index went up, driven by tech companies, as investors waited for earnings reports from big Chinese tech firms this week. Regional tech stocks rose for a fourth straight day after Nvidia and AMD said they would sell chips to a Saudi AI company for a $10 billion data
US Dollar Loses Steam with Investor Confidence Shaken. Forecast as of 14.05.2025
2025.05.14 2025.05.14 US Dollar Loses Steam with Investor Confidence Shaken. Forecast as of 14.05.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The de-escalation of the trade conflict between the US and China is beneficial for the euro as a pro-cyclical currency. However, capital outflows from the US may not be as substantial as initially anticipated, which is favorable for the
Dollar Rally Stalls, Market Cools, Trade Optimism Tempered by Reality
Global markets showed signs of fatigue overnight as trade optimism gave way to a more cautious tone. In the US, the S&P 500 eked out another gain, turning positive for the year, while DOW lagged and closed modestly lower. The divergence reflects a market still digesting the implications of recent trade developments. In Asia, stock
China grants first rare earth export permits since adding restrictions last month – report
However, not to the US though. One of the sources said that the permits were issued to suppliers for customers in Europe and Vietnam. As a reminder, China stepped up their rare earth export controls by restricting a further seven minerals last month here. It is reported that there is at least four permits granted
XAG/USD slides back closer to mid-$31.00s; down nearly 1% for the day
Silver drifts lower on Wednesday, though the mixed technical setup warrants caution for traders. The recent repeated failures to breakout through a descending channel resistance favor bears. The formation of a bullish flag pattern supports prospects for the emergence of some dip-buying. Silver (XAG/USD) extends the previous day’s retracement slide from the $33.20-$33.25 resistance zone
ForexLive Asia-Pacific FX news wrap: Yen adds on a few points on a subdued day otherwise
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