The Mexican Peso holds gains as US Dollar pressure builds. US bond markets reopen on Tuesday, contributing to the pair’s next move. USD/MXN remains in a downtrend with immediate resistance at 19.30. The Mexican Peso (MXN) is experiencing a steady appreciation against the US Dollar (USD) on Monday, reflecting lingering uncertainty in the United States […]
Both the FED and ECB head representatives made speeches on Sunday, 27, and this morning, respectively. As Traders, it is always an advantage to know what tone Central Bank speakers are using and what they are considering for future key decisions.It’s only fair to remind that a Dovish Policy aims at stimulating the economy, and
Kenneth Fisher Market Analyst A highly experienced financial market analyst with a focus on fundamental analysis, Kenneth Fisher’s daily commentary covers a broad range of markets including forex, equities and commodities. His work has been published in several major online financial publications including Investing.com, Seeking Alpha and FXStreet. Based in Israel, Kenny has been a
Global markets are showing tentative signs of relief after US President Donald Trump walked back his threat to impose a 50% tariff on the European Union. The abrupt shift to reinstate a July 9 deadline for negotiations has helped ease investor concerns for now. Stocks in Germany and France are trading modestly higher in European
2025.05.26 2025.05.26 Best Day Trading Books For Every Trader Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ Books on day trading serve as comprehensive guides to the intricacies of intraday trading. Practicing on a demo account without a solid understanding of the theoretical underpinnings is akin to embarking on a journey through a forest without a map. A book is a
It is Spring Bank Holiday in the UK and Memorial Day holiday in the US. Peace to those that died in the fight for freedom and to their families. Today, the USD moved lower but has since retraced the declines to start the NA session.. The US banks, stock and bond markets are closed but
Hong Kong’s trade deficit increased in April from a year ago as imports grew faster than exports, data from the Census and Statistics Department showed on Monday. The trade shortfall rose to HK$16.0 billion in April from HK$10.2 billion in the same month last year. In March, the trade balance showed a deficit of HK$45.4
The Canadian dollar has steadied on Monday after surging 0.90% on Friday. In the European session, USD/CAD is trading at 1.3714, down 0.13% on the day. Earlier the Canadian dollar improved to 1.3686, its strongest level since Oct. 2024. US markets are closed for Memorial Day and there are no US or Canadian events, which
Gold price resides below $3,340 on Monday, and takes back some of Friday’s gains. Markets rejoice and head into risk-on tone after Trump announced a delay on EU tariffs until July 9. US debt concerns are in the background but remain lingering, capping the downside for the precious metal. Gold (XAU/USD) price slips on Monday
Eurostoxx +1.5% Germany DAX +1.8% France CAC 40 +1.4% Spain IBEX +1.1% Italy FTSE MIB +1.5% The hope now is that Trump is really just threatening with the 50% tariffs in order to get a deal at the end of it all. It’s sort of his go to negotiating tactic it would seem when it
Dollar extended its slide as the new week opened in Asia, with investors once again thrown off balance by US President Donald Trump’s unpredictable tariff messaging. The latest development sees Trump agreeing to delay the planned 50% tariff hike on the European Union to July 9, following a direct request from European Commission President Ursula
Gold prices fell in United Arab Emirates on Monday, according to data compiled by FXStreet. The price for Gold stood at 395.50 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 396.53 it cost on Friday. The price for Gold decreased to AED 4,613.08 per tola from AED 4,625.02 per tola on
US tech 100 technical analysis Following the US Tech 100’s surge higher on 12 May, we have been working with the view that the rally from the 21 April 17,592 low is a Wave III (Elliott Wave). This should soon be followed by a Wave IV pullback, before regrouping for another leg higher to complete
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
Gold price edges lower to $3,335 in Monday’s Asian session. Trump set a July 9 deadline for a trade deal with the European Union. Renewed inflation concerns and recession fears might help limit the Gold’s losses. The Gold price (XAU/USD) attracts some sellers to near $3,335 during the early Asian session on Monday. The de-escalation of
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. 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
