Here is what you need to know on Tuesday, March 18: Gold benefits from escalating geopolitical tensions and trades at a new record-high above $3,000 early Tuesday. The European economic calendar will feature Economic Sentiment data from Germany and Euro area Trade Balance readings. In the second half of the day, Industrial Production and housing
2025.03.18 2025.03.18 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 18.03.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The price is expected to fall to the previous low. Consider short trades from the current level, setting
Risk appetite in Asian markets has been solid this week, support by optimism surrounding China’s latest measures to boost domestic consumption. Hong Kong stocks continue to lead gains in the region. Meanwhile, in the forex markets, both New Zealand and Australian Dollars are holding firm, though the Aussie is slightly lagging due to rising trade
Economic confidence from Germany and foreign trade data from the euro area are the top economic news due on Tuesday. At 4.00 am ET, the State Secretariat for Economic Affairs releases Swiss Spring economic forecast. Also, foreign trade data is due from Italy. At 6.00 am ET, Germany’s ZEW economic sentiment survey results are due.
There are a couple to take note of on the day, as highlighted in bold. The first one is for EUR/USD at the 1.0900 mark. That could act as a bit of a magnet in locking price action near the figure level in the session ahead. Then again, if the risk mood starts to improve
The Japanese Yen attracts sellers for the third consecutive day amid a positive risk tone. A modest USD bounce from a multi-month low further lends support to the USD/JPY pair. The divergent BoJ-Fed expectations might cap the pair ahead of central bank event risks. The Japanese Yen (JPY) retains its negative bias amid a modest
Vandals have damaged around 20 Tesla (TSLA) vehicles at a dealership Japan finance minister Kato says bond market should determine yield movements More on reports an Iranian ship has been sunk – still unconfirmed Gold hits an all-time record high above US$3005 PBOC sets USD/ CNY central rate at 7.1733 (vs. estimate at 7.2264) Reports
USD/CAD softens to around 1.4290 in Monday’s late American session. US Retail Sales rose softer than expected in February, weighing on the US Dollar. Crude Oil prices edge higher due to geopolitical risks, supporting the commodity-linked CAD. The USD/CAD pair remains on the defensive near 1.4290 during the late American session on Monday. The US dollar
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The Dow Jones rallied 600 points on Monday as the index extends its rebound. Equities are recovering their stance after a recent plunge on geopolitical concerns. US Retail Sales figures from February recovered, but not by much. The Dow Jones Industrial Average (DJIA) climbed around 600 points on Monday as equities continue to claw back
Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He
The rationale behind the launch of FX Spot+ and what the market can expect from CME Group in the future Source link
The New Zealand dollar has surged on Monday. In the North American session, NZD/USD is trading at 0.5801, up 1.0% on the day. Earlier, NZD/USD rose as high as 0.5805, its highest level since Dec. 12. China posts strong retail sales and industrial production The New Zealand dollar received a huge boost today from better-than-expected
The European Commission is planning some retaliation and safeguards for its aluminum and steel industry, Reuters reports. To launch investigation on possible safeguard measures to counter US steel/aluminum tariffs Aims to propose carbon border levy ant0circumvention measures To extend scope of steel, aluminum-intensive downstream products Plans to propose amendment to carbon border levy Planning to
Dollar edged lower in early U.S. trading following weaker-than-expected retail sales data. However, the downside pressure remained limited, as investors took comfort in the fact that February’s sales growth marked a return to expansion after contraction in January. The data helped ease fears of an extended downturn in consumer spending, with markets breathing a sigh
