Trump said he would impose tariffs on steel and aluminum imports. Canada’s economy added 76,000 jobs in January. US jobs data indicated a mixed picture of the labor sector. The USD/CAD forecast shows caution in the markets as traders weigh the impact of Trump’s tariffs on the global economy. Nevertheless, after an upbeat employment report,
2025.02.10 2025.02.10 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 10.02.2025 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 will presumably continue declining in the actionary wave [Y]. Consider short positions from the
Trade tensions remain at the forefront of market concerns as the US prepares to roll out another wave of tariffs. Over the weekend, President Donald Trump confirmed plans to impose a 25% tariff on all steel and aluminum imports, adding to the existing duties on these metals. The official announcement is expected today. Meanwhile, “reciprocal
AI image So much for that. Lately there has been some buzz that Russia and Ukraine were headed towards peace talks. There was some detail to go with the talk too as Easter was floated as a deadline and JD Vance is supposedly headed to Germany this week to lay out some details of the
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1707 as compared to Friday’s fix of 7.1699 and 7.3050 Reuters estimates. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote
The total number of building permits issued in Australia was up a seasonally adjusted 0.7 percent on month in December, the Australian Bureau of Statistics said on Monday – coming in at 15,174. That was in line with expectations following the 3.4 percent decline in November. Permits for private sector houses fell 3.0 percent on
There was some (slim?) hope last week that the US and China would negotiate a way to avoid tariffs when there were reports about a phone call between the two. That call was evidently called off, though there is still hope the call will occur. The US additional tariff on China went into effect last
AI image Does Trump want tariffs to raise revenue or does he want foreign countries to lower barriers? His comments and actions indicate he wants it both ways. On Friday, the market was concerned about the latest comments from Trump. “I’ll be announcing that next week — on reciprocal trade — so that we’re treated
China January CPI 0.5% y/y, highest level in five months expected 0.4%, prior 0.1% core was 0.6% y/y, from 0.4% in December the m/m was 0.7% (expected 0.8%, prior 0.0%) PPI -2.3% y/y, deflation continued expected -2.1%, prior -2.3% *** China’s consumer inflation accelerated in January, reaching its highest level in five months, while producer
China Consumer Price Index (YoY) above expectations (0.4%) in January: Actual (0.5%) Source link
Two weeks ago, I made the case for Chinese equities in the fallout from DeepSeek. Since then, we’ve seen Goldman Sachs write that breakthroughs in AI development and application “could materially alter” the Chinese stock market trajectory. This week, Deutsche Bank also came out with a extremely bullish note, highlighting the upside of Chinese stocks
Dollar faced significant volatility last week as shifting trade policy signals from the White House left investors scrambling for clarity. Initially, tariffs on Canadian and Mexican imports were imposed, only to be quickly suspended for 30 days following new agreements on border security and fentanyl control. Now, the focus turns to “reciprocal tariffs,” a move
