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NZD/USD dips as cautious Fed tone and weak NZ backdrop pressure pair
The pair trades near the 0.5900 zone after slipping 0.40%, pressured by softer New Zealand outlook and steady US Dollar. US PPI and Retail Sales missed expectations, but Fed’s Powell struck a cautious tone supporting Greenback stability. Technical bias is bearish; support at 0.5860 and 0.5846, resistance at 0.5878 and 0.5884. The NZD/USD is trading
The market is losing its appetite to fund US twin deficits – Deutsche Bank
George Saravelos is Global Head of FX Research at Deutsche Bank is out with a striking note today, highlighting the problems with the US dollar, deficits and government policy. The note certainly resonates with US 30-year yields touching off 5% today. He highlights the emerging consensus around the fiscal budget bill that’s working its way
Gold (XAU/USD) Surges Beyond $3200/oz on Weak US Data, DXY Slips
The analysis in this article is a follow up from Gold (XAU/USD) Slides 2.2% to One-Month Lows. $3150 incoming? Gold prices have surged around 3% from the Asian session lows around the $3125/oz handle. Gold had surged toward the $3180/oz handle ahead of the US open thanks in large part to a weaker US Dollar.
New York Manufacturing Index Edges Modestly Lower In May
A report released by the Federal Reserve Bank of New York said regional manufacturing activity continued to decline modestly in the month of May. The New York Fed said its general business conditions index edged down to a negative 9.2 in May from a negative 8.1 in April, with a negative reading indicating contraction. Economists
US Dollar goes nowhere with talks not even starting and Zelenskyy set to leave Istanbul
The US Dollar trades steady lower on Thursday despite a slew of key US economic data released. Markets see talks in Turkey between Russia and Ukraine fall apart before even starting. The US Dollar Index holds just below 101.00 and could move either way after a volatile Wednesday. The US Dollar Index (DXY), which tracks
New Zealand dollar extends losses, inflation expectations expected to rise
The New Zealand dollar is down for a second straight day. In the North American session, NZD/USD is trading at 0.5872, down 0.45% on the day. New Zealand inflation expectations projected to rise New Zealand releases inflation expectations for the first quarter on Friday. Inflation expectations can manifest into actual inflation and are considered a
Markets Tread Water as Traders Shrug Off US PPI and UK GDP Surprises
Global financial markets are trading in tight ranges today, with little conviction seen across major asset classes. U.S. futures are pointing to a mildly weaker open. Despite a surprise decline in US producer prices in April, suggesting a possible easing of inflation pressures, there was little follow-through in market reaction. Earlier today, stronger-than-expected UK Q1
USD/JPY Outlook: Yen Strengthens as Fed-BoJ Outlooks Diverge
The USD/JPY outlook shows a rebound in the yen. Japan’s wholesale inflation rose by 4.0% in April. Traders are looking forward to US data on sales. The USD/JPY outlook shows a stronger yen due to a growing divergence in policy outlooks between the Fed and the Bank of Japan. Inflation in the US continues dropping
Dow Jones Industrial Average, EUR/JPY and US natural gas keel over as investor optimism fades
Dow is keeling over Having reached and flirted with the 200-day simple moving average (SMA) at 42,267, the Dow Jones Industrial Average slid below it on Wednesday amid fading investor optimism. The index is expected to come further off its 42,507 six-week high and slip through its accelerated uptrend line at 41,890. This week’s price
Gold Follows Smart Money. Forecast as of 15.05.2025
2025.05.15 2025.05.15 Gold Follows Smart Money. Forecast as of 15.05.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Hedge funds and asset managers have been selling gold for seven consecutive weeks, despite the XAUUSD reaching record highs. This was driven by US tariff policies and fears of an impending recession. Let’s discuss these topics and make a trading plan. The article
Just a pause before the all-time high or a bigger correction is in the cards for Bitcoin?
Bitcoin has been on a great ride since Trump’s tariff pause announcement back on April 9. We’ve seen the same with the US stock market given that the main macro drivers for both are growth expectations and liquidity. Now, growth expectations continue to improve but a new risk is emerging: repricing in interest rates expectations.
Standard Chartered taps Newman to head rates and FX trading
Standard Chartered has hired John Newman as global head of rates and foreign exchange trading. Newman joined the UK bank last month and is based in London, according to his LinkedIn profile. A spokesperson for Standard Chartered confirmed the appointment. Newman joins after 24 years at UBS, where he held several global trading roles. Most
German Wholesale Price Inflation Eases In April
Germany’s wholesale price inflation softened for the second straight month in April, data from Destatis showed on Thursday. Wholesale prices grew 0.8 percent year-on-year in April, following a 1.3 percent rise in March. The overall inflation in April was due to higher prices for food products, non-ferrous ores and metals, and non-ferrous semi-finished metal products.
NZD/USD remains stronger near 0.5900 as US Dollar struggles ahead of key economic data
NZD/USD finds support as the US Dollar falters amid ongoing trade-related uncertainties. Market attention now turns to Thursday’s upcoming releases of US Retail Sales and Producer Price Index (PPI) data. The New Zealand Dollar is drawing support as trade tensions between the US and China show tentative signs of easing. NZD/USD appreciates after registering a
Cautious Trade as APEC Cuts Growth View, Key UK and US Releases Awaited
Activity in the global stock markets remained relatively subdued, with US posting a mixed close overnight and Asian markets slipping modestly lower today. Despite China’s 50bps Reserve Requirement Ratio cut taking effect, expected to inject over USD 138B into the banking system, investor reaction has been muted. The cautious tone reflects lingering concerns over the
BOJ expected to pause rate hikes through September amid tariffs uncertainty – poll
59 of 62 economists (95%) see no change to interest rates in June meeting 39 of 58 economists (67%) see interest rates staying unchanged in Q3 (previously 36%) 30 of 58 economists (52%) see at least one more rate hike by year-end The median prediction for end-September rate is now 0.50% (previously 0.75%) The median