Australia’s retail sales increased at a slower-than-expected pace in May due to the drop in food-related spending, data from the Australian Bureau of Statistics showed on Wednesday. Retail turnover grew 0.2 percent on a monthly basis, after remaining flat in April. However, this was weaker than economists’ forecast of 0.3 percent. On a yearly basis,
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
The USD is adding on points pretty much across the majors board. I was going to blame the AUD/USD fall on the retail sales data, which, at the margin, adds to the case for an RBA rate cuit next week. Its playing a role but the broader move is a higher USD anyway. Apart from
2025.07.01 2025.07.02 Weekly Economic Calendar for 07.07.2025–13.07.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Following the Fed meeting in June, the US dollar continues to face headwinds, while US stock indices have hit new all-time highs. This week, market participants will review the minutes of the Fed’s June meeting to better assess the prospects for the US central bank’s monetary
Consumer prices in South Korea were flat on a seasonally adjusted monthly basis in June, Statistics Korea said on Wednesday – in line with expectations after slipping 0.1 percent in May. On a yearly basis, inflation was up 2.2 percent – exceeding expectations for 2.1 percent and up from 1.9 percent in the previous month.
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
Federal Reserve Chair Jerome Powell indicated last week that policymakers are likely to stay on hold for now, waiting for clearer signs on how Trump’s tariffs are affecting inflation. However, if the labour market starts to weaken, the Fed may consider lowering interest rates. Bank of America say: “Occam’s razor suggests that inflation is already
Joblessness in Germany rose in June but at a slower than expected pace, official figures revealed on Tuesday, as activity in the biggest economy in the euro area remains sluggish. The seasonally adjusted number of unemployed rose by 11,000 from the previous month, the Federal Employment Agency said, which was smaller than the 15,000 increase
The Dow is outperforming all major U.S. indices, fueled by a stronger-than-expected U.S. Manufacturing PMI report in today’s session. The data, released at 10:00 ET, came in at 52.9 versus the forecasted 52, signaling not just expansion, but some form of resilience in the sector. S&P Global’s Chief Business Economist commented: “June saw a welcome
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The NASDAQ index is now down over -1.25%. The declines are being led by some of the high beta stocks that have benefited of late including the chip stocks. Broadcom is trading down near 4%. Nvidia is down -3.93%. AMD is down -4.45% Looking at some of the other losers today: Meta–2.56% Tesla -5.3% as
Greece’s manufacturing activity logged a further strong improvement in June, driven by robust growth in new orders, survey data from S&P Global showed on Tuesday. The manufacturing Purchasing Managers’ Index dropped marginally to 53.1 in June from 53.2 in May. However, any reading above 50.0 indicates expansion. The survey revealed that new orders grew at
USD/JPY slips toward 143.00 as broad US Dollar weakness drives gains in the Yen. US–Japan trade talks stall as Tokyo resists pressure to open agriculture, Trump criticizes over rice imports. Japan’s au Jibun Bank Manufacturing PMI returns to expansion, Tankan survey shows slight improvement in business sentiment. The Japanese Yen (JPY) gains against the US
Ether stays sidelined Ether bullish case: Ether has been trading below its 200-day simple moving average (SMA) at $2,530.09 for the past week. Were an advance above it to take place, the 20 June high at $2,568.97 would be eyed. If bettered, the May highs at $2,737.17-to-$2,788.12 may be reached as well ahead of Ether’s
Core CPI, which excludes food and energy, was unchanged at 2.3%, matching the market estimate. Services inflation, which has been stubbornly high, rose to 3.3% from 3.2% in May. The European Central Bank will be encouraged by the inflation report, as well as Monday’s German CPI data which showed inflation easing slightly. The ECB isn’t
Another potential upside target is the 161.8% Fibonacci extension of the October 2023 low to the March 2024 high bull run, extended higher from the April 2024 low, which comes in at 24,103.45. It represents a near 7% rise from current levels (as of the daily close made at the end of June 2025). Earnings
The USD/JPY price analysis indicates rising demand for the safe-haven yen. Uncertainty over trade deals dampened risk appetite. Goldman Sachs believes the Fed will deliver three 25-bps rate cuts this year. The USD/JPY price analysis indicates rising demand for the safe-haven yen amid fiscal and trade uncertainty. At the same time, the dollar weakened due
