Risk sentiment soured as US session commenced after data showed the economy unexpectedly contracted in the first quarter. Although the decline was heavily influenced by a surge in imports, which mechanically subtract from GDP calculations, the result still serves as a stark reminder that economic momentum was already faltering even before the full impact of
The US Dollar trades marginally higher against most major currencies. President Trump lashed out at Fed’s Powell again during a rally in Detroit. The US Dollar Index is capped below the 100.00 round level ahead of key US data. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six
2025.04.30 2025.04.30 Loonie Will Fight for Sovereignty. Forecast as of 30.04.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Canadian elections have revealed that its citizens prioritize the country’s sovereignty over economic stability. The future of the USDCAD pair will depend on the extent of the economic challenges. Let’s discuss this topic and make a trading plan. The article covers
Crude Oil Futures Order Flow Intel: Bullish Momentum Building (Prediction Score: +6) Crude oil futures (current price: 59.82) are showing early signs of a bullish reversal. The professional order flow intel analysis identifies strong buyer interest emerging at current price levels after sustained earlier selling. Why a Prediction Score of +6? The bullish bias of
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Global financial markets are largely steady ahead of a packed economic calendar, with traders bracing for volatility as Eurozone and US GDP figures, as well as US PCE inflation data, are due shortly. Despite negative signals from China’s latest PMI reports, and another round of trade headlines, market reactions remain muted. Risk sentiment is cautiously
German inflation remains a bit of a sticking point for the ECB. But at this point, the central bank can be thankful for a softening economic backdrop to reinforce their position on rate cuts. Core annual inflation in Germany was seen at 2.6% in March, so that will be again the key estimate to watch
NZD/USD lacks any firm intraday direction amid a combination of diverging forces. A positive risk tone supports the Kiwi, though a modest USD uptick caps the major. Mixed Chinese PMIs do little to provide any meaningful impetus to spot prices. The NZD/USD pair struggles to gain any meaningful traction during the Asian session on Wednesday
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
2025.04.29 2025.04.30 Weekly Economic Calendar for 05.05.2025–11.05.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Heightened volatility continues to shake markets. The upcoming week of 05.05.2025–11.05.2025 is also expected to be extremely volatile due to US and UK central bank meetings. Besides, market participants will focus on key macroeconomic data releases from Switzerland, the US, China, New Zealand, the Eurozone, and
EUR/JPY was observed trading around the 162.00 region, experiencing a slight pullback on the day. The overall technical analysis points towards a prevailing bullish sentiment for the currency pair. Key Simple Moving Averages indicate buying interest, while the Relative Strength Index is neutral, and the Moving Average Convergence Divergence suggests selling pressure. In the lead-up
Trump congratulated PM Carney on his election win the two agreed on the importance of Canada & the US working together as independent, sovereign nations agreed to meet in person in the near future This article was written by Eamonn Sheridan at www.forexlive.com. Source link
