Bank of Canada holds interest rates steady at 2.75% amid US tariff uncertainty. BoC outlines potential scenarios: limited tariffs vs. full trade war with varying economic impacts. Market anticipates possible rate cuts from BoC in upcoming meetings. Most Read: UK Inflation Update March 2025: GBP/USD market analysis & BoE rate cut predictions USD/CAD dropped closer
Fitch Ratings gave Mexico a confidence vote, affirming that its long-term foreign currency issuer default rating (IDR) is at ‘BBB-‘ with a stable outlook. Key highlights Credit fundamentals: Mexico’s rating is supported by a prudent macroeconomic policy framework, robust external finances, and its large and diversified economy. The rating is constrained by muted long-term growth,
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
Global markets are trading with a mildly risk-off tone today, with losses spanning from Asia through to Europe, and US futures following suit. Technology stocks are under pressure, led by AI-chip giant Nvidia, which warned of significant charges stemming from new US restrictions on semiconductor exports to China. The announcement marks the latest escalation in
2025.04.16 2025.04.16 Altria (MO) Stock Forecast for 2025, 2026, 2027–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Altria Group, Inc. (MO) is adapting to the shrinking tobacco market, which saw a 10.5% volume drop in 2024. In Q4, revenue declined to $5.11 billion, but net profit rose from $2.29 billion to $3.03 billion. This strong performance is likely
Tech stocks fell globally after the Trump administration imposed new restrictions on Nvidia’s chip exports to China, worsening trade tensions. Nasdaq 100 futures dropped 1.5%, and Nvidia shares fell about 6% in premarket trading. ASML shares plunged over 7% after reporting fewer-than-expected orders, blaming weakness in the chip industry. European markets also felt the pressure,
![VanEck Rare Earth & Strategic Metals ETF (REMX) Elliott Wave technical analysis [Video]](https://i1.wp.com/editorial.fxsstatic.com/images/i/stock-02_Large.jpg?w=1024&fit=1024,1024&ssl=1 "VanEck Rare Earth & Strategic Metals ETF (REMX) Elliott Wave technical analysis [Video]")
VanEck Rare Earth & Strategic Metals ETF – REMX (one-day) Elliott Wave technical analysis Function: Countertrend. Mode: Corrective. Structure: Zigzag. Position: Wave [c] of 4. Direction: Bear Market Rally. Invalidation Level: $32.36. Analysis summary The REMX ETF is currently in wave 4, which appears to be in its final subwave before completing the correction. This countertrend rally is anticipated to retrace
The EUR/USD price analysis shows the euro rebounding after a brief pause. Market participants look forward to a likely European Central Bank rate cut on Thursday. The US will release its retail sales report. The EUR/USD price analysis shows the euro rebounding after a brief pause. The pause followed a strong rally as investors shifted
Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He
2025.04.16 2025.04.16 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 16.04.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: the price is expected to decline in correction 2. Consider opening short positions from the current level
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
Risk sentiment turned a bit subdued in Asia today. Markets are broadly soft, continuing to digest the sharp tariff-driven selloff seen earlier this month. Even China’s stronger-than-expected Q1 data, including a 5.4% GDP growth print and robust industrial and retail figures, failed to provide much lift. Market participants appear skeptical, viewing the numbers as a
The Indian Rupee gathers strength in Wednesday’s Asian session. The softer US Dollar and lower crude oil prices continue to underpin the INR. The US March Retail Sales report and speech by Fed Chair Powell will be the highlights later on Wednesday. The Indian Rupee (INR) trades in positive territory for the fifth consecutive day
China’s economy grew more than expected in the first quarter despite trade tariff disputes, official data revealed on Wednesday. Gross domestic product grew 5.4 percent year-on-year, the National Bureau of Statistics reported. This was better than economists’ forecast of 5.1 percent and it was unchanged from the previous quarter. Quarter-on-quarter, the economy grew 1.2 percent
Trade tariffs uncertainties arising from the lack of progress made between the European Union and US officials over trade negotiations, and the US has indicated that most US tariffs on the EU will not be removed. In addition, China has ordered its airlines not to take any further deliveries of Boeing jets, as part tit-for-tat
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 within a certain range, called a “band,” around a central reference rate,
