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 […]
The Dow is outperforming all major U.S. indices, fueled by a stronger-than-expected U.S. Manufacturing PMI report in today’s session. The data, released at 10:00 ET, came in at 52.9 versus the forecasted 52, signaling not just expansion, but some form of resilience in the sector. S&P Global’s Chief Business Economist commented: “June saw a welcome
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The NASDAQ index is now down over -1.25%. The declines are being led by some of the high beta stocks that have benefited of late including the chip stocks. Broadcom is trading down near 4%. Nvidia is down -3.93%. AMD is down -4.45% Looking at some of the other losers today: Meta–2.56% Tesla -5.3% as
Greece’s manufacturing activity logged a further strong improvement in June, driven by robust growth in new orders, survey data from S&P Global showed on Tuesday. The manufacturing Purchasing Managers’ Index dropped marginally to 53.1 in June from 53.2 in May. However, any reading above 50.0 indicates expansion. The survey revealed that new orders grew at
USD/JPY slips toward 143.00 as broad US Dollar weakness drives gains in the Yen. US–Japan trade talks stall as Tokyo resists pressure to open agriculture, Trump criticizes over rice imports. Japan’s au Jibun Bank Manufacturing PMI returns to expansion, Tankan survey shows slight improvement in business sentiment. The Japanese Yen (JPY) gains against the US
Ether stays sidelined Ether bullish case: Ether has been trading below its 200-day simple moving average (SMA) at $2,530.09 for the past week. Were an advance above it to take place, the 20 June high at $2,568.97 would be eyed. If bettered, the May highs at $2,737.17-to-$2,788.12 may be reached as well ahead of Ether’s
Core CPI, which excludes food and energy, was unchanged at 2.3%, matching the market estimate. Services inflation, which has been stubbornly high, rose to 3.3% from 3.2% in May. The European Central Bank will be encouraged by the inflation report, as well as Monday’s German CPI data which showed inflation easing slightly. The ECB isn’t
Another potential upside target is the 161.8% Fibonacci extension of the October 2023 low to the March 2024 high bull run, extended higher from the April 2024 low, which comes in at 24,103.45. It represents a near 7% rise from current levels (as of the daily close made at the end of June 2025). Earnings
The USD/JPY price analysis indicates rising demand for the safe-haven yen. Uncertainty over trade deals dampened risk appetite. Goldman Sachs believes the Fed will deliver three 25-bps rate cuts this year. The USD/JPY price analysis indicates rising demand for the safe-haven yen amid fiscal and trade uncertainty. At the same time, the dollar weakened due
2025.07.01 2025.07.01 Japan Seeks Removal of US Tariffs. Forecast as of 01.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The 25% US import duty on cars is a significant headwind for Japan. Should it find common ground with the US, the USDJPY pair will likely continue to decline. Let’s discuss this topic and develop a trading plan. The article covers
Key findings: Renewed drop in production amid further fall in new orders Inflationary pressures dissipate Job shedding continues as business confidence wanes Comment: Commenting on the PMI data, Nils Müller, Junior Economist at Hamburg Commercial Bank, said: “Italy’s manufacturing sector lost ground in June, with the headline PMI falling to 48.4, marking the sharpest deterioration
2025.07.01 2025.07.01 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 01.07.2025 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
Flash inflation and final factory Purchasing Managers’ survey results from the euro area and unemployment from Germany are top economic news due on Tuesday. At 2.00 am ET, UK Nationwide house price data is due. Economists forecast house prices to grow 3.3 percent on a yearly basis, slower than the 3.5 percent increase in May.
Germany 40 and FTSE end quarter higher despite weak overnight close The Germany 40 (DAX 40) and the FTSE 100 indices finished lower overnight but still managed to end the June quarter with gains of 7.88% and 2.08% respectively. While these gains are modest compared with those recorded by United States (US) indices, they likely feel like
CEO David Mercer on what the Genius Act means for markets, and where the venue’s FX business goes next Source link
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
