Hong Kong’s retail sales value increased for the first time in more than a year in May, preliminary data from the Census and Statistics Department showed on Wednesday. The value of retail sales rose 2.4 percent year-on-year in May, reversing a 2.3 percent drop in March. Moreover, this was the first growth since March 2024. […]
The USD/CAD price analysis shows stronger bullish sentiment as the dollar recovers. The JOLTS report revealed that job openings in the US rose to 7.77 million. Economists expect slower US job growth in June and for the unemployment rate to jump from 4.2% to 4.3%. The USD/CAD price analysis shows stronger bullish sentiment as the
2025.07.02 2025.07.02 Gold Soars As Investors Flock to Safety. Forecast as of 02.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ While Donald Trump and Elon Musk are engaged in a dispute over the “Big, Beautiful Bill,” gold market participants are evaluating the potential risks. Will fiscal stimulus boost or hurt XAUUSD quotes? Let’s discuss this topic and make a trading
The EUR/USD forecast indicates a rebound in the dollar after upbeat employment figures. Job vacancies in the US exceeded the estimated number. Powell did not rule out the possibility of a rate cut at the next meeting. The EUR/USD forecast indicates a rebound in the dollar after upbeat employment figures in the previous session. However,
Tech momentum unwinds after weeks of gains The Nasdaq 100’s 0.82% decline to 20,202.89 marked a retreat from recent highs, as investors took profits following an extended period of outperformance. The NYFANG index’s 1.8% drop highlighted just how concentrated the selling pressure had become amongst the market’s largest technology names. Tesla’s 5.4% plunge exemplified the volatility
Gold price struggles to attract any meaningful buyers amid a combination of diverging forces. A modest USD bounce from a multi-year low and a positive risk tone caps the XAU/USD pair. Fed rate cut bets keep a lid on the USD and support the XAU/USD pair amid trade uncertainties. Gold price (XAU/USD) seesaws between tepid
2025.07.02 2025.07.02 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 02.07.2025 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 is rising in the fifth section of a bullish impulse to a high of
The recent minor corrective decline of -3.4% seen on the Japan 225 CFD Index (a proxy of the Nikkei 225 futures) from its 30 June 2025 intraday high of 40,852 to 2 July 2025 intraday low of 39,527 has stalled at an intermediate key support inflection area. Firstly, the lower boundary of a minor ascending
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
Australia’s retail sales increased at a slower-than-expected pace in May due to the drop in food-related spending, data from the Australian Bureau of Statistics showed on Wednesday. Retail turnover grew 0.2 percent on a monthly basis, after remaining flat in April. However, this was weaker than economists’ forecast of 0.3 percent. On a yearly basis,
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
The USD is adding on points pretty much across the majors board. I was going to blame the AUD/USD fall on the retail sales data, which, at the margin, adds to the case for an RBA rate cuit next week. Its playing a role but the broader move is a higher USD anyway. Apart from
2025.07.01 2025.07.02 Weekly Economic Calendar for 07.07.2025–13.07.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Following the Fed meeting in June, the US dollar continues to face headwinds, while US stock indices have hit new all-time highs. This week, market participants will review the minutes of the Fed’s June meeting to better assess the prospects for the US central bank’s monetary
Consumer prices in South Korea were flat on a seasonally adjusted monthly basis in June, Statistics Korea said on Wednesday – in line with expectations after slipping 0.1 percent in May. On a yearly basis, inflation was up 2.2 percent – exceeding expectations for 2.1 percent and up from 1.9 percent in the previous month.
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
Federal Reserve Chair Jerome Powell indicated last week that policymakers are likely to stay on hold for now, waiting for clearer signs on how Trump’s tariffs are affecting inflation. However, if the labour market starts to weaken, the Fed may consider lowering interest rates. Bank of America say: “Occam’s razor suggests that inflation is already
Joblessness in Germany rose in June but at a slower than expected pace, official figures revealed on Tuesday, as activity in the biggest economy in the euro area remains sluggish. The seasonally adjusted number of unemployed rose by 11,000 from the previous month, the Federal Employment Agency said, which was smaller than the 15,000 increase
