The Bank of Korea left its interest rate unchanged on Thursday citing risks associated with rising household debt and escalating trade tensions. The Monetary Policy Board decided to leave the Base Rate unchanged at 2.50 percent. The bank had previously reduced the benchmark rate by a quarter-point each in May and February. “The Board will […]
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate,
Producer prices in Japan were down 0.2 percent on month in June, the Bank of Japan said on Thursday. That was in line with expectations and down from the upwardly revised 0.1 percent contraction in May (originally -0.2 percent). On a yearly basis, producer prices climbed 2.9 percent – again matching forecasts and down from
The European Union is negotiating a trade framework with the U.S. aimed at shielding its auto industry from steep tariffs, including the 25% import duty imposed by Washington in April. Talks are advancing quickly, with options on the table such as import quotas, reduced tariffs, and export credits. The latter would allow EU carmakers with
Phasing out the penny is set to involve some cost to U.S. consumers paying in cash as businesses are set to round transactions to the nearest nickel, new research from the Federal Reserve Bank of Richmond revealed on Wednesday. The U.S. government is set to end the production of new pennies, which has become a
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
Home loan applications in the U.S. rose to their highest level since early 2023 in the week ended July 04, while mortgage rates eased only modestly, survey data from the Mortgage Bankers Association showed on Wednesday. The number of mortgage applications grew 9.4 percent from the previous week when it they rose 2.7 percent. The
With the latest on Trump tariffs hitting headlines again earlier this week, minutes released today from the Federal Reserve’s June meeting, renewing fears of tariff-borne inflation, could perhaps have come at a better time. In the report, the Fed cited the potential for tariffs to disrupt supply chains and affect productivity. The Fed also questioned
Join OANDA Market Analyst Kenny Fisher, Nick Syiek (TraderNick) and podcast host Jonny Hart as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well
The tariff letters have been released for the following additional countries: 30% for Libya 30% for Iraq 30% for Algeria 5% for Moldova. We have near 0% trade with this country. 25% for Brunei 20% for Philippines. Goods transshipment to evade higher tariff will be subject to higher tariffs. Of the total trade, the countries
Historic milestone achieved In a landmark moment for global financial markets, Nvidia has become the world’s first publicly traded company to surpass a market capitalisation of $4 trillion. The milestone was reached during intraday trading on 9 July 2025, when the chipmaker’s share price surged to $164.42, briefly pushing its total valuation beyond the $4 trillion
A report released by the Energy Information Administration on Wednesday showed an unexpected increase by crude oil inventories in the U.S. in the week ended July 4th. The EIA said crude oil inventories jumped by 7.1 million barrels last week after climbing by 3.8 million barrels in the previous week. Economists had expected crude oil
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Solana bangs into resistance Solana bullish scenario: At the end of June Solana managed to break out of its downtrend channel which it revisited and which acted as support on several occasions in early July. The 55-day simple moving at $155.56 remains in sight, together with the 30 June high at $159.88. Were the Solana
The USD/JPY forecast indicates brief relief for the yen after a steep decline. The yen has weakened significantly following Trump’s announcement of a 25% tariff on Japanese goods. Market participants are awaiting the release of the FOMC meeting minutes. The USD/JPY forecast indicates brief relief for the yen after a steep decline due to tariff
2025.07.09 2025.07.09 Copper Prices Soar on Trump Tariff Threats. Forecast as of 09.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Donald Trump’s threat to impose 50% tariffs on copper imports widened spreads on COMEX and LME futures to 25%. Copper continues to flow from Europe to the US. Let’s discuss this topic and make a trading plan for the XCUUSD.
Most Read: S&P 500, Dow Jones Q3 Outlook: Tariffs, Tech, and Small Cap Concerns Chinese stocks are set to hit their highest level in three years as investors hope for new steps to fight deflation and boost the economy. Meanwhile, copper prices dropped in London after President Donald Trump issued a new tariff warning. /*
