USD/CHF trims intraday losses as Fed Governor Lisa Cook defied President Donald Trump. Fed Governor Cook said she would not step down and will continue fulfilling her duties. Stronger Swiss employment data and easing inflation fuel expectations of additional SNB rate cuts. USD/CHF extends its gains for the second successive session, trading around 0.8060 during […]
Singapore’s industrial production expanded at a stable pace in July, figures from the Economic Development Board showed Tuesday. Industrial output grew 7.1 percent year-on-year in July, the same as in June. Production has been rising since August 2024. Excluding biomedical manufacturing, production advanced 9.4 percent. Among clusters, transport engineering output surged 15.8 percent, and electronics
The recent price actions of Gold (XAU/USD) have started to trade firmer since last Friday, 22 August, with a gain of 1%, on increased hopes that the US Federal Reserve is likely to enact its first interest rate cut of 2025 in the next month’s FOMC meeting. Fed Chair Powell’s Jackson Hole Symposium dovish speech
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Gold price gains ground in Tuesday’s early European session. Concerns over Fed’s independence and potential US Fed rate cut support the Gold price. The US CB Consumer Confidence and Durable Goods Orders reports will be the highlights later on Tuesday. The Gold price (XAU/USD) rises to a two-week high near $3,385 during the early European trading hours on
Firing of Fed Governor follows Powell’s pivot President Donald Trump announced on Truth Social this morning the unprecedented firing of Federal Reserve (Fed) Governor Lisa Cook, citing alleged mortgage fraud as justification. This move follows Trump’s relentless pressure on Fed Chair Jerome Powell, who finally buckled and announced a dovish pivot last week at Jackson
Crypto’s predictable path from central books to OTC discretion – FX Markets Skip to main content End of drawer navigation content Demand for bilateral trading, like OTC FX market structure, is fuelling crypto’s institutional take-up, finds BridgePort The maturation of any asset class follows a remarkably consistent pattern. From equities to fixed income and foreign
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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
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European and Asian postal services are suspending U.S. shipments as the $800 de minimis tariff exemption ends, threatening the flow of small parcels worldwide. The move hits discount retailers like Shein and Temu, while leaving millions of cross-border gift and e-commerce deliveries in limbo. – Postal agencies across Europe and Asia are pausing or halting
On Sunday afternoon/evening US time a sell lot of around 24K Bitcoin was slammed through. It difficult to think that this was anything other than part of an aggressive move to drive the price down. After some retrace it appears to be working, with a new low since being plumbed now, undr US$110K. There have
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New home sales in the U.S. decreased from an upwardly revised level in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 652,000 in July after surging by 4.1 percent to an upwardly
The Australian dollar has steadied on Monday after posting sparkling gains of 1.1% on Friday. In the North American session, AUD/USD is trading at 0.6503, up 0.18% on the day. Powell sends US dollar sharply lower The US dollar retreated against all the major currencies on Friday, including the Australian dollar. This followed Federal Reserve
2025.08.25 2025.08.25 Three Outside Up & Down Candlestick Patterns Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Three Outside Up and Three Outside Down chart patterns signal a shift in the prevailing trend. Both patterns consist of three candlesticks that form under certain conditions, depending on the type of pattern: bullish or bearish. These three-candle reversal patterns are powerful tools for
Prior month 0.656M new-home sales 0.652 million versus 0.630 million estimate. New-home sales -0.6% month on month versus a gain of 4.1% last month. The prior month was revised higher to 0.656 million from 0.627 million previously reported. New-home sales down -8.2% year on year Mortgage rates at the time were above 6.75%. So it
