NZD/USD fell sharply toward the 0.5600 zone on Friday, tracking heavy daily losses ahead of the Asian session. Momentum indicators align bearishly, with MACD and Bull Bear Power showing clear selling pressure. Major moving averages and resistance near 0.5700 cap upside attempts for now. The NZD/USD pair collapsed on Friday, diving toward the 0.5600 area […]
Silver breaks below 100- and 200-day SMAs, signals strong bearish momentum amid escalating US-China tariff battle. RSI enters oversold territory, but selling pressure may continue toward $28.74 and $27.71 if $29 fails to hold. A recovery above $30 could see buyers retest $30.86 SMA and key resistance near $31.00. Silver price plummeted on Friday as
The March 2025 U.S. jobs report delivered a strong upside surprise with non-farm payrolls rising by 228K, well above the 135K expected, and supported by a +2K net revision to previous months. The unemployment rate ticked up to 4.2%, slightly higher than forecast, though the participation rate improved to 62.5%, suggesting more workers re-entered the
The upcoming week will focus on U.S. President Donald Trump’s plans for new tariffs. Alongside this, markets will also watch U.S. jobs data, an Australian central bank meeting, and a key eurozone inflation report. Asia Pacific Markets The main focus this week in the Asia Pacific region will be Chinese inflation and Japanese wage data
The sharp fall in the US dollar following President Donald Trump’s “liberation day” tariffs announcement saw intense activity on foreign exchange options desks, leaving dealers rushing to buy volatility to re-hedge EUR/USD books as spot surged. “It was manic… it almost made the Turkish lira [moves] irrelevant,” says one head of FX derivatives at a
Nike stock recovers after Vietnamese leader reaches out to Trump. Trump says he will set a meeting with General Secretary To Lam. NKE stock dropped 14.4% on Thursday in response to Trump’s 46% tariff on Vietnam. Dow Jones Industrial Average sheds 4.6% at the time of writing. Nike (NKE) shares surged over 5% around
Citing a highly uncertain outlook due in part to President Donald Trump’s new tariffs, Federal Reserve Chair Jerome Powell on Friday indicated the central bank will wait for greater clarity before considering any adjustments to interest rates. Powell noted in remarks at the Society for Advancing Business Editing and Writing’s annual conference that it will
EURUSD technicals The EURUSD moved into a topside range from back in September/October 2024 yesterday between 1.1001 and 1.1213, and has increased the momentum in trading today. The high price extended to 1.1098 just short of 1.1100 natural resistance. Since then, the price has moved lower and back below the low of the swing area
2025.04.04 2025.04.04 Megaphone Pattern – Definition, Trading Strategies & Example Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The Megaphone pattern is a well-known chart formation that indicates periods of high volatility. Its shape resembles a reversed symmetrical triangle where the price forms higher highs and lower lows. This pattern is characterized by wide price swings, making traders adopt a cautious
UK car sales grew sharply in March from a year ago, marking its first increase in six months, data from the Society of Motor Manufacturers & Traders, or SMMT, showed Friday. Car registrations grew by 12.4 percent to 357,103 units in March, up from 317,786 units in the corresponding month last year. “This growth, in
Risk aversion deepened across global markets today as China unveiled a forceful response to the sweeping US tariffs announced earlier this week. Beijing will impose an additional 34% tariff on all US goods starting April 10, in a move that effectively escalates the trade war into a full-scale economic confrontation. China sent the signal that
Nonfarm Payrolls (NFP) in the US rose by 228,000 in March, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 117,000 increase (revised from 151,000) recorded in February and surpassed the market expectation of 135,000 by a wide margin. Join us for our NFP Live Coverage here Other details of
The Japanese yen continues to sparkle on Friday. In the European session, USD/JPY is trading at 144.81, down 0.86% on the day. The yen is trading at its strongest level since September 2024 and is up 3.3% this week. /* Requesting advertisement by calling an endpoint assures that the advertisement is never cached together with
2025.04.04 2025.04.04 If I Invest $100 in Bitcoin Today: How Much Will It Be Worth in 2030? Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Investing $100 in Bitcoin today is a straightforward and affordable way to delve into the realm of cryptocurrencies. As a prominent digital asset, Bitcoin has demonstrated considerable price volatility, capturing the interest of beginners and seasoned
Fundamental Overview The USD sold off hard almost across the board following Trump’s worse than expected tariffs announcement on Wednesday. The market reacted to the news by pricing in aggressively more rate cuts for the Fed in expectations of a bigger hit to the US economy compared to the rest of the world. At the
The USD/CAD outlook remains vulnerable after tariffs. US NFP and Canadian jobs data are due today. The Fed Chair’s speech is important to watch for monetary policy clues. The USD/CAD outlook remains deteriorated as the pair heads for a fourth consecutive losing day on Friday. The price is hovering around 1.4100 before hitting 4-month lows.
FX option expiries for Apr 4 NY cut at 10:00 Eastern Time via DTCC can be found below. EUR/USD: EUR amounts 1.1000 1.1b 1.1030 844m 1.1050 1.8b GBP/USD: GBP amounts USD/JPY: USD amounts USD/CHF: USD amounts AUD/USD: AUD amounts 0.6180 951m 0.6200 1.6b 0.6300 1.4b 0.6350 2.3b USD/CAD: USD amounts 1.3950 590m 1.4050 857m 1.4200 1.3b Source
