The NZDUSD is stretching to new highs for the day and also new highs for the week (highest level since May 8). That move has taken the price above the 0.59664 from Wednesday, which also was near the high price going back to last week on May 14. Getting above that level is a bullish […]
2025.05.23 2025.05.23 Gold Price Forecast & Predictions for 2025, 2026, 2027-2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Gold is popular among investors and often serves as a “safe haven,” a financial asset that helps preserve capital during economic instability. Forecasting the price of this instrument requires a comprehensive analysis of economic, political, and financial factors, as well
Global financial markets are thrown back into turmoil today after US President Donald Trump reignited trade tensions by announcing he would recommend a sweeping 50% tariff on EU imports starting June 1. In a pointed social media post, Trump accused the EU of stonewalling negotiations, declaring that discussions were “going nowhere.” The announcement came on
The New Zealand dollar has surged on Friday. In the European session, NZD/USD is trading at 0.5950, up 0.90% on the day. New Zealand retail sales blow past estimate New Zealand ended the week on a high note, as retail sales climbed 0.8% q/q in the first quarter. This crushed the market estimate of 0.1%
The US Dollar Index sees the previous day’s relief rally pared back in full on Friday. Trump hints to tariffs for EU and starts to target domestic companies as well, with Apple’s Iphone facing 25% tariff. The US Dollar Index extends losses and is on its way to test a fresh two-week low near 99.14.
The collapse wasn’t sudden but rather a gradual erosion of confidence as quarterly earnings repeatedly disappointed analysts’ expectations. Revenue growth slowed significantly whilst losses continued to mount, raising questions about the company’s long-term viability. Supply chain challenges and production issues further damaged the company’s reputation. Beyond Meat struggled to maintain consistent product quality whilst scaling
Kingfisher’s current market position and expectations Kingfisher PLC, the parent company of B&Q, Screwfix, Castorama, and Brico Dépôt, is poised to release its first quarter (Q1) 2025/26 trading update on Wednesday, 28 May 2025 amid a complex retail environment characterised by shifting consumer behaviours, macroeconomic pressures, and strategic transformation. In the previous fiscal year, Kingfisher
The USD/CAD forecast indicates a growing likelihood that Trump’s tax bill will be passed into law. Traders are pricing a 67% chance of a Fed rate cut in September. Market participants are pricing a 27% chance of a BoC rate cut in June. The USD/CAD forecast indicates a growing likelihood that Trump’s tax bill will
2025.05.23 2025.05.23 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 23.05.2025 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 expected to rise in the final part of the bullish impulse. The recommendation
Dollar is once again under pressure in a relatively calm Asian session, as broader financial markets appear to have stabilized following the earlier bout of volatility driven by US deficit and debt concerns. Wall Street closed the day nearly flat with little direction, while US 10-year Treasury yield held above the 4.5% level after recent
Trump pushes EU to cut tariffs or face extra duties. US trade representative Greer preparing to tell EU counterpart Sefcovic that recent “explanatory note” falls short of US expectations. US negotiators to tell Brussels they expect unilateral concessions. Well, it’s been pretty clear that trade deals with EU and Japan were going to be harder
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WTI price drifts lower to near $60.75 in Friday’s early Asian session. Oil inventories rose by 1.328 million barrels in the week ended May 16, according to the EIA. The US and Iran will hold fresh nuclear talks on Friday. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.75 during the Asian
NZD/USD edges higher to around 0.5900 in Friday’s early Asian session. New Zealand Retail Sales beat expectations in Q1. A stronger US S&P Global PMI might cap the pair’s upside. The NZD/USD pair posts modest gains near 0.5900 during the early Asian session onn Thursday. The upbeat New Zealand Retail Sales data provide some support to
The total volume of retail sales in New Zealand was up a seasonally adjusted 0.8 percent on quarter in the first quarter of 2025, Statistics New Zealand said on Friday. That beat forecasts for a flat reading following the 0.9 percent gain in the three months prior. The total value of seasonally adjusted retail sales
GfK’s consumer confidence for May 2025 is -20 expected -22, and -23 in April survey long-run average is -11 This article was written by Eamonn Sheridan at www.forexlive.com. Source link
