New Zealand posted a seasonally adjusted merchandise trade surplus of NZ$142 million in June, Statistics New Zealand said on Tuesday. That was well shy of expectations for a surplus of NZ$1.020 billion following the downwardly revised NZ$1.082 billion surplus in May (originally NZ$1.235 billion). Exports were up 10 percent on year to NZ$6.63 billion following
White House pressure on the Fed risks stoking inflation and hurting markets, study finds Political interference in Federal Reserve policy tends to push inflation higher and weaken risk assets, according to a study cited by T.S. Lombard economists. The research, by economist Thomas Drechsel, tracks presidential interactions with the Fed using diary records and highlights
Producer prices in South Korea were up 0.1 percent on month in June, the Bank of Korea said on Tuesday – after slipping 0.4 percent in May. Individually, prices for agricultural, forestry and marine products rose 0.6 percent on month, while manufacturing products were flat, utilities eased 0.1 percent and services rose 0.3 percent. On
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
The AUDUSD opened the Asian session with a modest downward drift, but that weakness was short-lived. Price action found solid footing near the swing level at 0.6495, a zone that has acted as both support and resistance in recent sessions. That level once again proved its technical relevance, drawing in buyers and halting the decline.
EUR/CHF edges higher amid speculation of intervention from the Swiss National Bank in currency markets. EU–US trade talks stall ahead of August tariff deadline, fueling market uncertainty and limiting EUR/CHF gains. EUR/CHF tests key Fibonacci resistance as downtrend holds, while bearish momentum fades. The Euro (EUR) is edging higher against the Swiss Franc (CHF). On
Most Read: July PMI Week, NZ Inflation and ECB’s Rate Decision – Markets Weekly Outlook Oil prices continue to trade in a tight range between the 100 and 200-day MAs. Similar to Gold last week Oil prices appear to be in need of a catalyst that could provide some direction. /* Requesting advertisement by calling
The US and European 10-year yields are down sharply today. A snapshot shows: Germany 2.615%, -6.3 basis points France 3.295%, -9.0 basis points UK 4.613%, -6.0 basis points Switzerland 0.423%, -5.0 basis points Spain 3.217%, -16.9 basis points Italy 3.484%, -8.0 basis points The fall in European yields come ahead of Thursday’s ECB decision and
Bank of Canada Q2 Business Outlook Survey shows the direct impacts tariffs are having on firms’ outlooks are less severe than in Q1 Q2 Business Survey Indicator -2.42 from -2.12 in Q1 (revised from -2.14) Firms less worried by worst-case tariff scenarios Tariffs and related uncertainty continue to have major impacts on businesses’ outlooks Most
A report released by the Conference Board on Monday showed its reading on leading U.S. economic indicators fell by slightly more than expected in the month of June. The Conference Board said its leading economic index declined by 0.3 percent in June following a revised unchanged reading in May. Economists had expected the leading economic
The USD/JPY forecast shows a resilient yen despite a shift in Japan’s political landscape. Japan’s ruling party lost the election on Sunday. If there is no trade deal by August 1, Japan might face a 25% tariff on its goods. The USD/JPY forecast shows a resilient yen despite a shift in Japan’s political landscape. The
2025.07.21 2025.07.21 Yen Gains Ground As LDP Coalition Loses Majority. Forecast as of 21.07.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Shigeru Ishiba has not resigned as prime minister. The tax cuts promised by the opposition are not expected to take effect immediately. Consequently, the USDJPY rate decreased. Let’s discuss this topic and make a trading plan. The article covers
European stocks were quiet on Monday morning as investors looked at mixed corporate earnings and waited for a possible trade deal between the US and the EU. The STOXX 600 index, which tracks European shares, was almost flat, down just 0.01% at 546.97 points.. US Commerce Secretary Howard Lutnick said on Sunday he’s confident a
Japan’s political shift supports yen strength Japan’s ruling coalition has lost its upper house majority, an outcome that was widely anticipated by market participants. The election results have not caused significant disruption to regional equity markets, partly because Tokyo’s main exchanges remained closed for a public holiday. The political developments have provided some support for
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The recent minor sideways range compression of Gold (XAU/USD) in place since 3 July has reached a potential tipping point for at least a minor breakout scenario. Two key elements have increased the odds of a bullish breakout scenario. Firstly, Gold (XAU/USD) has retested the medium-term ascending trendline support in place since 31 December 2024
The result over the weekend is a major blow for prime minister Ishiba as he now will come under heavy scrutiny and pressure to remain in office. The ruling LDP-Komeito coalition only managed to secure 47 seats, just short of the 50 seats required for a majority. That sees them lose their stranglehold on the
