The Mexican Peso gains ground against the US Dollar as Moody’s downgrade of US sovereign debt weighs on the Greenback. The Federal Reserve is set to review the discount rate on Monday, potentially influencing short-term funding conditions. USD/MXN trades cautiously below the key psychological resistance at 19.50, reflecting broader Dollar weakness. The Mexican Peso (MXN)
The euro is sharply higher on Monday. In the North American session, EUR/USD is trading at 1.1250, up 0.79% on the day. Euro CPI and core CPI unchanged in final reading Eurozone headline inflation was confirmed at 2.2% y/y and 0.6% m/m in April, unchanged from the preliminary estimates. The core rate was also confirmed
(Video Transcript) This week’s trading opportunity Axel Rudolph: Hello, and welcome to “Trade of the week” on Monday 19th May, 2025. And, let’s look at today’s trade, which is to go long GBP/USD because the US debt was downgraded by Moody’s on Friday and also because of the recent trade deal, or the announcement of a possible trade
2025.05.19 2025.05.19 How to Trade Dogecoin: The Beginner’s Journey to Buying DOGE Michael Hypovhttps://www.litefinance.org/blog/authors/mikhail-hypov/ Dogecoin (DOGE) has evolved from a digital currency initially regarded as a meme currency with a cute dog symbol created by Billy Markus and Jackson Palmer into a prominent asset. Moreover, the DOGE acronym also refers to the Department of Government
The USD/JPY forecast shows further dollar weakness. US consumer sentiment came in at 50.8 compared to expectations of 53.1. Trump’s tariff threats caused some uncertainty in the market. The USD/JPY forecast shows further dollar weakness after a downgrade to the US government’s credit rating. At the same time, market participants were worried about progress on
Euro and Sterling surged today after the UK and EU unveiled a sweeping new agreement resetting their defence and trade relationship, the most substantial since Brexit in 2020. The comprehensive deal spans key sectors including security, energy, travel, trade, and fisheries. UK Prime Minister Keir Starmer hosted European Commission President Ursula von der Leyen in
BT is addressing a £100 million increase in costs due to changes in employer National Insurance contributions and minimum wage hikes, leading to intensified cost transformation strategies and potential pricing adjustments. The effectiveness of these cost control measures will be a key area of focus in the results. Network expansion remains central to BT’s strategy, with
2025.05.19 2025.05.19 RBA Set for Hawkish Rate Cut. Forecast as of 19.05.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Reserve Bank of Australia has historically embraced the principle that consistent and gradual progress is often the most effective approach. However, it has recently encountered significant headwinds. High rates can severely damage the Australian economy, so they should be lowered. What
Listed FX volumes continue to set records on SGX FX’s flagship contracts as market participants seek secure and cost-efficient sources of liquidity in an increasingly uncertain trading environment KC Lam, SGX FX Trading on SGX FX went from strength to strength in 2024 as market turmoil took hold of the markets on the back of diverging interest rate
Prior +2.2% Core CPI +2.7% vs +2.7% y/y prelim Prior +2.5% No changes to the initial estimates. The market is pricing 91% chance of another 25 bps cut at the June ECB meeting and a total of 51 bps of easing by year-end. The June cut might be hard to avoid, but it might also
China’s industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March, the
Global markets kicked off the week with a mild risk-off tone, driven by renewed concerns over US creditworthiness and mixed economic data out of China. Moody’s downgrade of the U.S. sovereign rating from Aaa to Aa1 late last Friday has cast a shadow over investor sentiment. Meanwhile, China’s latest data highlighted a fragile recovery with
The Indian Rupee continues to weaken amid renewed USD demand from importers and persistent foreign fund outflows. USD/INR may face headwinds as the US Dollar comes under pressure following Moody’s downgrade of the US credit rating. The INR finds some support from falling crude oil prices, driven by reports of progress in US-Iran nuclear talks.
US stocks rally amid tariff relief and inflation optimism United States (US) stock markets finished last week on a high note after the US and China agreed to significantly roll back tariffs for 90 days. Cooler-than-expected consumer price index (CPI) and producer price index (PPI) data reinforced expectations for potential Federal Reserve (Fed) interest rate
European Central Bank forecast from Barclays. The ECB’s next monetary policy meeting is scheduled for June 5, 2025. Market expectations suggest a high probability of another 25 basis point cut, potentially bringing the deposit rate down to 2.00%. This outlook is influenced by concerns over global trade tensions and their impact on eurozone inflation and
GBP/USD rises as US Dollar weakens in response to Moody’s decision to downgrade the US credit rating by one notch. A series of weak US economic indicators has strengthened expectations of further Federal Reserve rate cuts later this year. The Pound Sterling has strengthened, supported by UK GDP data released on Thursday that exceeded expectations.
Comments from an official at China’s National Bureau of Statistics (NBS) Productivity demand grew steadily employment situation generally stable economy grew steadily in face of pressure, continues developing in an upward trend China actively diversifying, expanding trade with Belt and Road initiative nations The comments follow the April economic data release, a mixed bag: China
