2025.03.12 2025.03.12 Pound Surges Amid Robust UK Data. Forecast as of 12.03.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The UK aims to ramp up trade with the US and avoid tariffs. This decision, influenced by robust macroeconomic data and capital inflows, has boosted the GBPUSD pair. The question remains whether this positive trend will persist. Let’s discuss this topic […]
Prior +20.4% Market index 269.3 vs 242.2 prior Purchase index 154.6 vs 144.5 prior Refinance index 911.3 vs 784.2 prior 30-year mortgage rate 6.67% vs 6.73% prior That’s now back-to-back solid weekly spikes in mortgage applications, once again boosted mostly be a surge in refinancing activity. Signs of life in the housing market or just
Malaysia’s industrial output growth eased to a 10-month low in January amid a contraction in the mining sector, figures from the Department of Statistics showed on Wednesday. Industrial production increased 2.1 percent year-on-year in January, slower than the 4.6 percent increase in the previous month. Production has been rising since January 2024. Further, this was
GBP/USD trades with negative bias below mid-1.2900s, downside seems limited ahead of US CPI The GBP/USD pair edges lower during the Asian session on Wednesday and erodes a part of the previous day’s strong move up to over a four-month peak, around the 1.2965 area. Spot prices currently trade around the 1.2935 region, though the
2025.03.11 2025.03.12 Economic Calendar for the Week 17.03.2025–23.03.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The US dollar experienced challenges in the first half of the month, facing pressure from shifting investor sentiment. Experts predict that rising trade tariffs in the US will place strain on importers and manufacturers of goods, including imported components. Ultimately, this will affect US consumers,
I slapped on a horizontal line, its around 148.18 as you can see in the screenshot (white dashed line), I based the line entirely on my eyeball …. I have no doubt that better t/a folks than me will see something I haven’t, but here it is – some resistance for USD/JPY on the session:
Japan BSI Large Manufacturing Conditions Index (QoQ) came in at -2.4, below expectations (6.5) in 1Q Source link
Economists expect a slight slowdown in both overall and core CPI. Tariffs and potential future universal tariffs are a key concern, adding to price pressures and raising fears of stagflation and a possible recession. The US Dollar Index is currently struggling technically, with the 14-period RSI in oversold territory. Most Read: Dow Jones (DJIA), S&P
Another day. Another North American session full of tariff related headlines. The day began with President Trump imposing a 25% tariff on Canadian steel and aluminum imports, set to take effect tomorrow. This was in response to an electricity surcharge announced by Ontario Premier Doug Ford, who also threatened to cut off electricity exports. Later,
The Canadian Dollar shed 0.3% against the Greenback on Tuesday. Bank of Canada (BoC) rate call looms large during the midweek session. US President Trump’s trade war against Canada has hit a new gear. The Canadian Dollar roiled on Tuesday, falling roughly six-tenths of one percent against the Greenback at its lowest as markets weigh
Investors are holding record levels of cash ($7.3 trillion), indicating significant caution and potential for further market downside. Concerns about the Trump administration’s tariffs and policy uncertainty, including the threat of universal tariffs, are weighing on market sentiment. S&P 500 recorded its biggest one-day drop since December. Most Read: Will Gold Rally? XAU/USD Price Outlook
Well the tariff war continues to take worse turns for Canada. USD/CAD has jumped about 60 pips on the latest from Trump, which promises an additional 25% tariff on Canadian steel and aluminum on top of the 25% already scheduled for tomorrow. Here is the tweet: Based on Ontario, Canada, placing a 25% Tariff on
Euro’s rally continues after a brief pause, boosted by signs of political breakthrough in Germany over major defense and infrastructure spending. Consensus appears to be emerging around the large-scale funding deal, a game-changer toward bolstering Europe’s economic and defense resilience, especially amid ongoing geopolitical conflicts in Ukraine. Germany’s Green party is reportedly prepared to reach
The US Dollar trades broadly in the red on Tuesday, devaluing further against most major peers. The German Green coalition is said to be back on track for a defense spending bill. The US Dollar Index heads to the lower range of 103.00 and could break below it. The US Dollar Index (DXY), which tracks
