Following the victory of the centre-right CDU/CSU in Germany’s federal election on February 23, and with newly appointed Chancellor Friedrich Merz proposing aggressive fiscal policies aimed at boosting infrastructure and defence spending, business sentiment in Germany’s key manufacturing sector has improved notably. This uptick contrasts with a decline in confidence within the U.S. services sector, […]
Silver price trades firmly around $32.30 amid intensifying trade war between the US and China. China has increased the import duty on imports from the US to 125%. Growing risks of a US recession have strengthened US bond yields. Siver price (XAG/USD) clings to Friday’s gains near $32.30 during European trading hours on Monday. The
The USD/CAD forecast shows the loonie trading near a five-month high. Last week, the Canadian dollar gained over 2.4%. Market participants are pricing a 60% chance of a BoC pause. The USD/CAD forecast shows the loonie trading near a five-month high as traders anticipate a Bank of Canada pause. At the same time, a weak
2025.04.14 2025.04.14 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 14.04.2025 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 decline in correction 2. Consider opening short positions from the current level
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
Financial markets opened the week on a relatively steady footing in Asia, offering investors a brief respite after last week’s extreme volatility driven by US tariff chaos. Major stock indexes are trading higher, though gains appear more a product of technical consolidation than renewed optimism. In currency markets, most major pairs and crosses are contained
China’s exports surged in March as businesses front loaded their orders to avoid higher US tariffs, while imports declined more than expected due to weaker demand, data from customs office showed on Monday. Exports logged an annual growth of 12.4 percent in March, which was much bigger than the expected growth of 4.4 percent. Meanwhile,
The Japanese Yen continues to attract safe-haven flows amid the escalating US-China trade war. Hopes that Japan might strike a trade deal with the US contribute to the bid tone around the JPY. The divergent BoJ-Fed policy expectations provide an additional boost to the lower-yielding JPY. The Japanese Yen (JPY) trims a part of strong
China March dollar-denominated exports +12.4% y/y China Customs says detected salmonella in imported American poultry meats and bone meal Goldman Sachs has raised its year-end gold price target to US$3,700 per ounce Bank of Japan Governor Ueda says US tariffs likely to weigh on global & Japanese economies Xi Jinping calls for deeper China-Vietnam cooperation
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2110 as compared to Friday’s fix of 7.2087 and 7.3251 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and
The People’s Bank of China is expected to cut rates amidst the escalating Trump trade war. Earlier: China to step up stimulus, PBOC eyes rate and RRR cuts in Q2 China may cut interest rates and the reserve requirement ratio (RRR) if the trade war with the United States begins to significantly weigh on economic
AUD/USD draws support from risk appetite, clings to 0.6300 early Monday. Only 20% and not 145% US tariffs on China’s semiconductors and electronics provide some relief to markets. The focus remains on Chinese trade data and Fedspeak later for fresh trading incentives. AUD/USD is holding the three-day recovery momentum from five-year lows on Monday at
We had some data from China over the weekend, see the first two lines in the screenshot below. The focus of the session is the trade data from China, the time in the screenshot (0300 GMT) is only a guide). Exports are expected to have jumped higher as pipeline jamming ahead of higher tariffs played
