NZD/USD gains traction to around 0.5740 in Thursday’s early Asian session. Trump’s unpredictable announcements on tariffs undermine the US Dollar. China’s deflationary pressures might cap the upside for China-proxy Kiwi. The NZD/USD pair extends its upside to around 0.5740 during the early Asian session on Thursday, bolstered by the weaker US Dollar (USD). The US Producer
Bank of Japan Governor Ueda was on the wires yesterday re rising JGB yields Bank of Japan Governor Ueda says higher long term rates reflecting market views on economy BOJ governor Ueda: Underlying inflation still remains below 2% Bloomberg had a piece up subsequently saying Bank of Japan officials see several reasons against intervening in
Brent crude prices are rising due to lower-than-expected U.S. oil and fuel supplies and revised EIA forecasts for smaller oil surpluses in 2025 and 2026. Libya has restarted oil production at the Mabruk field, aiming to increase output significantly, while Kuwait also plans to boost its production. OPEC expects strong global oil demand growth in
Finally, the Greenback managed to regain some composure and clocked acceptable gains following multi-month lows. The broader scenario, however, remained clouded by intense tariff uncertainty as well as fears of a US recession. Here is what you need to know on Thursday, March 13: The US Dollar Index (DXY) set aside part of the multi-day
The Japanese yen has lost ground against the dollar for a second straight day. In the North American session, USD/JPY is trading at 143.39, up 0.43% on the day. Earlier, USD/JPY rose as much as 0.96% but pared much of those gains. US inflation lower than expected US inflation surprised on the upside in February.
Dollar is struggling to find a definitive direction in early US session, even after the softer-than-expected Consumer Price Index report offered fresh evidence of easing inflation pressures. Annual core CPI now sits at its lowest level since 2021, a development that should bring some relief to both the Fed and markets. However, the data release
The USD/JPY forecast shows a pullback in the yen. Trump’s tariff on steel and aluminium imports came into effect on Wednesday. Traders are looking forward to the US CPI report. The USD/JPY forecast shows a pullback in the yen as the focus shifts to the impact of Trump’s tariffs on Japan’s export-reliant economy. At the
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
