Trump and Trudeau are scheduled to speak later today but a report said that Canada isn’t in the mood to compromise on allowing any level of US tariffs. A source cited by Bloomberg says Canada is not open to lifting tariffs until the US takes them down. The official said Trudeau’s government is cool to
Investor sentiment in Europe is exceptionally upbeat today, with German stocks leading the rally as DAX surges over 3%, breaking above the 23k mark. Euro also rallies across the board with solid momentum, with help from rise in Germany’s benchmark yield, the overall positive sentiment, as well as a struggling Dollar. The boost to European
Consumer price inflation in Luxembourg eased in February from a six-month high in January, data from the statistical office showed on Wednesday. The consumer price index rose 1.7 percent year-on-year in January following a 1.9 percent increase in the prior month. Prices for housing and utilities alone grew 4.88 percent annually in February, though slower
In February, private sector employment in the US grew by just 77K, coming in short of initial estimates of 140K, according to the latest Automatic Data Processing (ADP) report. In addition, the reading was lower than January’s 186K (revised from 183K). Following the release, Nela Richardson, ADP’s Chief Economist, said that policy uncertainty and a
The Australian dollar has extended its gains on Wednesday. AUD/USD is trading at 0.6271 in the European session, up 0.20% on the day. The Australian dollar jumped 0.75% on Tuesday, driven by the hawkish Reserve Bank of Australia minutes and a solid retail sales report. Australian GDP rises 1.3% Australia’s economy expanded by 1.3% y/y
2025.03.05 2025.03.05 Guppy Multiple Moving Average (GMMA): Formulas & Trading Strategies Maxim Tkachenkohttps://www.litefinance.org/blog/authors/maxim-tkachenko/ The Guppy Multiple Moving Average (GMMA) is one of the simplest and easily combinable indicators. You definitely should read this article before building your trading strategy. You will get solid knowledge that you can use in any market, applying it to any
2025.03.05 2025.03.05 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 05.03.2025 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 fall to the previous low. Consider short trades from the current level,
Australia’s economy logged a faster-than-expected growth in the fourth quarter underpinned by exports and government spending, data from the Australian Bureau of Statistics revealed on Wednesday. Gross domestic product climbed 0.6 percent sequentially in the December quarter, following a 0.3 percent rise in the September quarter. GDP was expected to grow 0.5 percent in the
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
Despite the steep selloff on Wall Street overnight, sentiment appears to have improved somewhat in Asia. Investors found reasons for optimism as China set a 2025 GDP growth target of around 5% and announced stimulus measures to counter escalating tensions with the U.S. In a notable shift, Beijing raised its budget deficit target to roughly
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Wednesday, I “don’t have a preset idea in mind on the pace of future rate hikes.” Further comments Don’t have a preset idea in mind on the pace of future rate hikes. It is not as if we will be raising rates at each policy
Bank of Japan (BOJ) Deputy Governor Shinichi Uchida spoke earlier: Uchida reaffirmed his hawkish stance, stating that the central bank will continue raising interest rates if its economic forecasts are met. Speaking on the ongoing policy shift, he noted that Japan’s exit from its long-standing ultra-loose monetary policy has only just begun. Despite recent adjustments,
China’s Services Purchasing Managers’ Index (PMI) unexpectedly firmed to 51.4 in February from 51 in January, the latest data published by Caixin showed Wednesday. The market consensus was for a 50.8 reading. AUD/USD reaction to China’s Services PMI At the time of writing, the AUD/USD pair is trading modestly flat on the day just above 0.6250, unimpressed by
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
2025.03.04 2025.03.05 Economic Calendar for the Week 10.03.2025 – 16.03.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Markets are facing ongoing fluctuations due to a series of developments in the global political and trading landscape. Heightened volatility and turbulence continue to influence trading. In the upcoming week, 10.03.2025 – 16.03.2025, market participants will focus on the publication of important macro
Brent crude oil prices have fallen to a six-month low due to OPEC+’s decision to increase output. The US has announced the end of Chevron’s license to operate in Venezuela, an OPEC member. Market participants are also concerned about potential easing of sanctions on Russia, which could increase oil supply. Delayed talks to restart oil
