Consumer prices in Japan were up 1.4 percent on year in April, the Ministry of Internal Affairs and Communications said on Friday.That was in line with expectations and down from 1.5 percent in March.On a seasonally adjusted monthly basis, inflation was up 0.3 percent – again matching forecasts and easing from 0.4 percent in the
Morgan Stanley says Japan’s reflation story remains structurally intact despite near-term energy shock headwinds, forecasting a dip in nominal GDP this year before a rebound above 4% in 2026. Summary: Japan’s nominal GDP growth is expected to turn slightly negative this year due to terms-of-trade losses from the energy shock, before recovering to above 4%
The Australian dollar is under pressure after weak Chinese and domestic labour data, with analysts warning the RBA rate-hiking cycle may be over, removing a key support for the currency. Summary: Source: Commerzbank The Australian dollar is under mounting pressure after pulling back sharply from a four-year high, with analysts now questioning whether the Reserve
Markets reversed earlier gains as Iran’s President said on state TV that they won’t back down in talks. The momentum then picked up when a “high-level source” told Al-Arabiya that the Pakistani Army Chief will not head to Tehran tonight. The Pakistani were supposed to head to Iran only when the reach of an agreement
Iran’s ILNA news agency posted on their Telegram channel an Al-Arabiya TV claim about US and Iran reaching an agreement on a draft mediated by Pakistan. They say it’s expected to be announced in the next few hours. (h/t @LiveSquawk on X for catching this early) The draft includes: Immediate and comprehensive ceasefire on all
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
The USDCAD is being pulled sharply in both directions as markets react to the latest headlines surrounding the conflict in Iran. The geopolitical uncertainty is driving rapid swings in oil prices, Treasury yields, and stock markets, all of which are feeding directly into volatility for the US dollar and the Canadian dollar. Historically, rising oil
Forex markets remained trapped within yesterday’s ranges as investors struggled to find fresh conviction amid conflicting signals surrounding the US-Iran conflict. While there was some brief improvement in risk sentiment after US President Donald Trump said Washington was in the “final stages” of negotiations with Iran, optimism faded quickly as no concrete breakthrough emerged from
Italy’s current account surplus increased notably in March from the previous year, the Bank of Italy reported Thursday.The current account surplus rose to EUR 1.75 billion from EUR 0.28 billion in the corresponding month last year.The goods surplus decreased somewhat to EUR 3.75 billion from EUR 3.76 billion. Meanwhile, the deficit in services trade narrowed
The main risks facing XRP However, XRP continues to face important challenges and criticisms. One of the most persistent concerns is whether Ripple’s commercial success necessarily creates proportional demand for XRP itself. Critics argue that parts of Ripple’s infrastructure can function without requiring large-scale use of the token. In other words, Ripple the company may
For a few weeks in February and March, currency strategists watched what looked like a controlled experiment. As military conflict engulfed the Middle East, oil ripped from $65 to $112, equities sold off, and the US dollar rallied. By any textbook reading of the dollar smile, the currency had behaved exactly as the script demanded.
Sterling strengthened broadly on this week, but the rebound was driven less by optimism over the UK economy and more by the easing of immediate political and fiscal fears that had weighed heavily on British assets in recent weeks. Markets appeared willing to scale back worst-case scenarios involving political instability, fiscal slippage, and runaway inflation
Services PMI 47.9 vs 51.7 expected Prior 52.7 Manufacturing PMI 53.7 vs 53.0 expected Prior 53.7 Composite PMI 48.5 vs 51.6 expected Prior 52.6 Ouch. That’s a big miss on the services print as business activity there falls to the lowest in 64 months. That’s leading UK economic activity to contract in May, with the
2026.05.21 2026.05.21 Short-Term Analysis for Oil, Gold, and EURUSD for 21.05.2026 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro is
Australia’s unemployment rate rose to the highest since 2021 in April, data from the Australian Bureau of Statistics showed Thursday.The unemployment rate rose to 4.5 percent in April from 4.3 percent in March. This was the highest since November 2021, when the rate was 4.6 percent.The number of unemployed increased by 33,000 to 692,500 in
There aren’t any major expiries to take note of on the day, with the full list seen below. Trading sentiment continues to revolve around the broader market mood, with dollar sentiment still being the key driver among major currencies. That is all still tied to US-Iran headlines and for the most part this week, it
Global oil stockpiles are falling at a record 8.7 million barrels per day in May as Hormuz flows sit at just 5% of normal levels, Goldman Sachs said, with Brent crude trading near $106, up over 70% this year Summary: Global visible crude and fuel stockpiles have fallen by 8.7 million barrels per day so
