Global risk sentiment showed further improvement last week, with stock markets around the world posting impressive gains. Although headlines continued to focus on the confusing state of U.S.-China trade tensions, there was quiet but notable progress on multiple trade fronts, including US talks with Japan, South Korea and India. US equities rebounded alongside the global
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The markets were not all that giddy about the Time Magazine interview with Pres Trump. The article addressed several key international and economic issues. He expressed no or little concern about the bond market turmoil earlier in April, stating confidence in his economic direction. On foreign policy, he asserted that Crimea would remain with Russia
GBP/USD slips despite strong UK Retail Sales as USD dominance prevails Pound Sterling gains on surprisingly positive UK Retail Sales data UK Retail Sales jump 0.4% MoM in March vs. -0.4% expected Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this
EURUSD technicals The EURUSD stretched higher in the US session, but after reaching a high price of 1.1388, and getting within four pips of its 200-hour moving average, buyers turned to sellers and have pushed the price back lower. The current price is trading at 1.13727 after reaching a post-high low price of 1.1364. Yesterday,
The upcoming week will be a busy one with a barrage of high impact data releases scheduled. There are also lingering concerns around tariffs which are unlikely to dissipate soon. President Trump said on Friday that he expects trade deals in the next three to four weeks which leaves the door open for further twists
EURUSD trades near the 1.1400 area, slipping slightly after the European session. The bullish bias persists despite mixed short-term momentum signals. Resistance seen around 1.1378; support zones near 1.1335 and 1.1215. The EURUSD pair was seen hovering near the 1.1400 region on Friday after easing slightly in the aftermath of the European session. The pair
Global financial markets are relatively stable heading into the end of the week, with risk appetite showing further signs of improvement. European equities are trading modestly higher, following rebounds seen earlier in Japan and Hong Kong. However, US futures are slightly in the red despite strong earnings reports from tech heavyweights Alphabet and Intel. Still,
2025.04.25 2025.04.25 XAU/USD: Elliott Wave Analysis and Forecast for 25.04.25 – 02.05.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 2955.00 with a target of 3800.00 – 4200.00. A buy signal: the price holds above 2955.00. Stop Loss: below 2920.00, Take Profit:
It’s been a relatively quiet session until the Time magazine released its interview with President Trump. At first we saw a quick algo driven spike to the upside as “Trump: China’s Xi has called him” headlines started to pop up. That was faded almost instantly and the markets reversed as more and more headlines started
The USD/JPY price analysis indicates accelerating price pressures in Japan. Tokyo’s CPI increased by 3.4%, which is above forecasted to be a 3.2% increase. The dollar regained appeal as trade tensions between China and the US eased. The USD/JPY price analysis indicates accelerating price pressures in Japan, which may prompt the Bank of Japan to
The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.3214, down 0.17% on the day. UK retail sales climbs 0.4% UK retail sales were a ray of sunshine in March. Monthly, retail sales rose 0.4%, beating the market estimate of -0.4% but below the revised 0.7% increase in
Relative calm continues to be observed this week amid Trump’s de-escalation. Trump continued to speak about how his administration was talking to China about trade even as Beijing denied the existence of negotiations. Chinese Commerce Ministry spokesman He Yadong said that ‘any reports on development in talks are groundless’ and urged the US to ‘show
The Japanese yen is in negative territory on Friday. In the European session, USD/JPY is trading at 143.45, up 0.59% on the day. Tokyo Core CPI rises to 3.4% Tokyo Core CPI rose to 3.4% y/y in April, its highest level since April 2023. This was sharply higher from the 2.4% gain in March and
