Dollar on Back Foot as Markets Cheer Prospects of US–China Tariff Truce

Dollar on Back Foot as Markets Cheer Prospects of US–China Tariff Truce

Optimism dominated Asian markets on Monday, with Japan’s Nikkei 225 surging to a fresh record high above the 50,000 mark. The risk-on tone carried through to U.S. futures, which pointed to another higher open as Wall Street looks set to continue its record-breaking run. In contrast, European markets lagged behind, trading mostly flat as regional […]

Wave IV completion signals start of a new bullish cycle

Wave IV completion signals start of a new bullish cycle

After completing a three-leg correction within the blue box and breaking out of the red channel, Dell Technologies (NYSE: DELL) resumes its next impulsive bullish phase. Dell Technologies (NYSE: DELL) shows a strong Elliott Wave structure on the weekly chart, suggesting that a long-term uptrend is in progress. The larger count reveals that the stock

Eurozone Household Lending Growth Fastest Since 2023

Eurozone Household Lending Growth Fastest Since 2023

Lending to euro area households increased at the fastest pace since early 2023 but lending to businesses softened in September amid rising risks to economic growth. Adjusted loans to households grew 2.6 percent year-on-year in September, following a 2.5 percent rise in August, data from the European Central Bank showed on Monday. This was the

​​Trade Deal Hopes Lift Markets – FTSE 100 & Sterling Rally​

​​Trade Deal Hopes Lift Markets – FTSE 100 & Sterling Rally​

​​​Trade optimism drives sterling above $1.33 ​Sterling pushed further above $1.33 against the US dollar as growing confidence in a potential US-China trade agreement lifted risk appetite across global markets. The pound’s strength reflected broader optimism that a deal between the world’s two largest economies could ease trade tensions. ​The dollar weakened as investors rotated towards

German Business Confidence Inches Up: Ifo Ind…

German Business Confidence Inches Up: Ifo Ind…

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China foreign ministry says reached a basic consensus with the US

China foreign ministry says reached a basic consensus with the US

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

China Industrial Profits Surge In September

China Industrial Profits Surge In September

China’s industrial profits increased sharply in September despite continuing trade tensions with the US. Industrial profits advanced 21.6 percent in September from the previous year, data from the National Bureau of Statistics showed Monday. Profits logged its fastest growth since November 2023. The latest figure followed an increase of 20.4 percent in August. During January

Risk-On Wave Sweeps Asia; Commodity FX Gains Ahead of Central Bank blitz

Risk-On Wave Sweeps Asia; Commodity FX Gains Ahead of Central Bank blitz

A powerful risk-on wave swept through Asian markets at the start of the week, propelling commodity currencies higher as equities across Japan and South Korea surged record while China jumped to decade highs. The mood reflected growing conviction that the U.S.–China trade conflict is entering a phase of lasting calm. Following a “very good two-day

XAG/USD plummets below  on US-China trade deal optimism

XAG/USD plummets below $48 on US-China trade deal optimism

Silver price (XAG/USD) trades 1.5% lower, slightly below $48.00 during the late Asian trading session on Monday. The white metal faces selling pressure as the appeal of safe-haven assets has diminished on hopes that the United States (US) and China will reach a bilateral trade deal soon. The optimism over the US-China trade deal increased

Wall Street update: Record highs for US stock markets

Wall Street update: Record highs for US stock markets

US indices rally amid cooler inflation United States (US) stock markets closed at fresh record highs on Friday as a cooler-than-expected inflation report reinforced expectations of multiple Federal Reserve (Fed) rate cuts before the year end. For the week, the Dow Jones soared 1016 points (2.20%), the Nasdaq 100 added 2.18% and the S&P 500 gained 1.92%. Friday’s

Thailand’s Custom-Based Export Boom: A Septem…

Thailand’s Custom-Based Export Boom: A Septem…

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U.S., China Set Stage for Trade Deal Before T…

U.S., China Set Stage for Trade Deal Before T…

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ECB’s Escrivá signals extended policy pause as inflation meets target and growth diverges.

ECB’s Escrivá signals extended policy pause as inflation meets target and growth diverges.

ECB’s Escrivá says current rates appropriate as inflation hits target. Bloomberg with the info. European Central Bank (ECB) Governing Council member José Luis Escrivá said the bank’s current policy stance remains well-calibrated, with inflation now back at the 2% target. Speaking to El Diario, Escrivá said he’s “satisfied” with the present level of borrowing costs

China Industrial Profits Surge In September

Hong Kong Trade Data On Tap For Monday

Hong Kong will on Monday release September figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In August, imports were up 11.5 percent on year and exports rose an annual 14.5 percent for a trade deficit of HKD25.4 billion. China will see September numbers for industrial profits; in August,

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