The US PPI data came in much stronger than expectations at 0.9% for the month of July versus 0.2% expected. The core measure was also at 0.9% (versus 0.2% expected). For the year-on-year figures, headline PPI rose by 3.3% versus 2.5% expected and the ex food and energy increased by 3.7% versus 2.9% expected. Nuances
Cryptocurrencies are volatile investment assets, in case people forget. After multiple weeks of sensational rallying, particularly in altcoins, Cryptocurrencies have started to find some profit-taking from their renewed highs. Bitcoin originally led the way higher, marking its own ATH towards the last days of July (initially around $123,200). Hence, a $10,000 consolidation range followed, creating
The USDCAD spent yesterday capped by a confluence of resistance—its 100-day moving average at 1.37738 and the 100-bar moving average on the 4-hour chart (blue line) at 1.37516. In early trading today, sellers again leaned on the lower 4-hour average, but buyers stepped in, pushing the pair higher (see lower blue line on the chart
Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices
2025.08.14 2025.08.14 How to Use AI for Trading Stocks: Complete Guide 2025 Gleb Kabanovhttps://www.litefinance.org/blog/authors/gleb-kabanov/ Artificial intelligence (AI) for trading is no longer science fiction. Today, AI tools are widely adopted in financial markets. Investors employ neural networks, AI trading bots, algorithmic trading, and real-time data analysis to improve the accuracy of their decisions and enhance
The Indian Rupee drops against the US Dollar as India’s WPI inflation grew moderately in July. US Treasury Secretary Bessent anticipates a 50-bps interest rate cut by the Fed in September. Investors await India-US producer inflation data for July. The Indian Rupee (INR) falls back against the US Dollar (USD) on Thursday after a two-day
Former ECB Supervisory Board member speaks about Covid-19 and Credit Suisse shocks, regulation debates, the rise of non-banks and what makes tech projects succeed Source link
The DAX Index has continued to edge higher in the European session. Investors are keeping an eye on economic data, company earnings, and global events, as Presidents Trump and Putin are set to meet tomorrow. Optimism is also growing with expectations that the Fed will cut interest rates by 25 basis points next month. Euro
Macron adds that Trump clearly ruled out Ukraine joining NATO during their meeting. However, he expressed willingness for the US to provide Ukraine with security guarantees as part of efforts to reach a ceasefire with Russia. For some context, NATO membership for Ukraine has been an impediment in getting any peaceful resolution with Russia. So,
A reversal through Wednesday’s trough at $118,919.91 would possibly bring the $117,921.57-$117,701.33 support band (7–9 August highs) back into view as potential support, while a failure there could see a move towards the 22 July low near $116,195.25. The density of support levels in this range reflects the multiple attempts Bitcoin has made to break
India’s wholesale prices decreased for the second straight month in July and at the fastest pace in two years, provisional data from the Ministry of Commerce and Industry revealed on Thursday. The wholesale price index, or WPI, dropped 0.58 percent year-over-year in July, following a 0.13 percent fall in June. Economists had expected a decline
This is a follow-up analysis and update of our prior report, USD/JPY Technical: Potential impending minor bullish breakout for Japanese yen, published on 8 August 2025. The emergence of the Japanese yen’s strength has materialized as expected that saw the USD/JPY recording a week-to-date drop of -0.9% at this time of writing and breaking below
2025.08.14 2025.08.14 US Dollar Slips Lower As Bessent Calls For Rate Cuts. Forecast as of 14.08.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Treasury Secretary Scott Bessent is urging the Fed to reduce interest rates by 150-175 basis points and has recommended that the Bank of Japan consider increasing rates. This divergence is weakening the US dollar, which is precisely
While the UK government was quick to take the plaudits for the Q1 showing (+0.7% q/q), let’s not forget that it has a lot to do with a surge in exports amid a frontloading of shipments before Trump’s initial reciprocal tariffs struck. As such, we are to see that effect reverse in Q2 alongside softer
Australia’s unemployment rate dropped in July and employment increased sharply, suggesting that the labor market conditions remain strong, data from the Australian Bureau of Statistics revealed Thursday. The jobless rate came in at 4.2 percent in July compared to 4.3 percent in June, which was the highest since late 2021. The 4.2 percent matched economists’
Federal Reserve Bank of Richmond President Thomas Barkin participates in a virtual conversation webinar hosted by the National Association for Business Economics 1400 US Eastern time/1800 GMT Barkin spoke in an interview with the Wall Street Journal earlier this week: Fed’s Barkin spoke to Wall Street Journal – says inflation won’t be as high as
The Shanghai Cooperation Organization (SCO, an intergovernmental organization led by China and Russia) conference will will take place about two weeks after Trump and Putin meet in Alaska. will discuss the war in Ukraine, and also the political rifts opened by the tariffs being imposed by Trump leaders from more than 20 countries, including Putin,
