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Official February 2025 PMIs from China’s National Bureau of Statistics (NBS). Both the January and February data are impacted this time of year by the Lunar New Year holidays. These were Jan. 29 to Feb. 12 in 2025. March will provide a clearer reading. Manufacturing 50.2, beating the median consensus estimate and back into expansion

XAG/USD slips to $31.13, with downside risks growing Silver fails to hold above $33.00, triggering consolidation and selling pressure. Price tests 100-day SMA at $31.20; next key support at 50-day SMA of $30.89. Break below $30.89 could expose 200-day SMA at $30.47 and January low of $29.70. Silver ended the week on a lower note,

USD/JPY needs to clear 150.93 to invalidate the broader downtrend. Key resistance at 151.00 and Senkou Span A at 151.50. Failure to hold 150.00 could push the pair toward 148.57 support. The USD/JPY rallied for the third straight day after bottoming near 148.60 on Tuesday. It gained over 0.54% and traded back above the 150.00

Taking its cue from the book “It can’t get any worse?”, the US stock market is closing higher despite the Trump vs Zelenskiy brouhaha in the Oval Office. Despite the rebound, the broader S&P and Nasdaq indices are closing lower for the 2nd consecutive week. The final nmbers for the day are showing: Dow industrial

Bitcoin Cash price pushed past the $300 level on Friday as CME Group’s move to list SOL ETFs sparked bullish sentiment across select altcoins. BCH’s latest price surge on Friday comes amid major declines in BTC, ETH and XRP prices. Amid bearish macroeconomic trends, Bitcoin Cash miners have sold 170,000 BCH in the final week

Markets: Gold down $23 to $2852 US 10-year yields down 7.7 bps to 4.21% WTI crude oil down 36-cents to $70.00 S&P 500 up 1.2% USD leads, NZD lags Every day is an adventure so far in 2025. This one had it all. We started out with some economic data that highlighted a benign inflation

Claudia Sheinbaum I think this is a big tell on the North American front. Bloomberg reports that Mexico is open to new tariffs on China to avoid Trump duties. I don’t think anyone really believed this was all about fentanyl, given Trump’s words. Now we get some confirmation of that with the aim shifting towards

The Pound Sterling turns flat against the US Dollar as US core PCE inflation cools on year in January. US President Trump proposes an additional 10% tariffs on China. The BoE is expected to follow a moderate policy-easing cycle. The Pound Sterling (GBP) trades flat to near 1.2600 against the US Dollar (USD) in Friday’s North

S&P 500 futures +0.4% Nasdaq futures +0.4% Dow futures +0.3% Trump’s tariffs threat ruined the script in trading yesterday but there was already a sense it wouldn’t take much to tear it apart anyway. US stocks have almost declined in every day this week, following what was mostly better starts. Even on Wednesday where tech

EUR/USD trades in negative territory near 1.0390 in Friday’s Asian session, losing 0.16% on the day.  The threat of escalating tariffs drags the Euro lower against the US Dollar.  Fed officials signaled interest rates likely on hold for a while.  The EUR/USD pair remains under selling pressure near 1.0390 during the Asian trading hours on

Manufacturing and service are both expected to improve over January. manufacturing is expected to move into expansion. Looking at recent history: Manufacturing PMI: July 2024: The manufacturing PMI stood at 49.4, a slight decrease of 0.1 from June, indicating a marginal contraction in manufacturing activity. August 2024: The index declined further to 49.1, suggesting a

Federal Reserve (Fed) Bank of Philadelphia President Patrick Harker added his voice to a procession of Fedspeakers on Thursday, highlighting that inflation progress has “slowed”. Policymakers from the Fed are scrambling to pre-soften markets in advance of this week’s upcoming Personal Consumption Expenditures Price Index (PCEPI) inflation print, which is most likely headed for an

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

US’ GDP grew at an annual rate of 2.3% in the fourth quarter of 2024. The US Dollar Index stays in positive territory above 106.50. The US Bureau of Economic Analysis (BEA) reported on Thursday that the United States’ Gross Domestic Product (GDP) expanded at an annual rate of 2.3% in the fourth quarter. This

Headlines: Markets: USD and CAD lead, JPY lags on the day European equities lower; S&P 500 futures up 0.6% US 10-year yields up 5.5 bps to 4.303% Gold down 1.0% to $2,887.82 WTI crude up 1.1% to $69.35 Bitcoin up 2.3% to $86,465 We’re still in that month-end trading phase and it’s tough to scrutinise

XRP has witnessed heavy losses since the beginning of the week, dropping nearly 15% as the crypto market stretches its losses.  Ripple community members continue to expect an end to the SEC’s multi-year lawsuit as the agency closes another investigation. XRP could hold the support near $2.18, aiming for a bounce to tackle a descending

The US dollar is firm pretty across the major FX board, with the uncertainty over tariffs widely cited as keeping riskier trades out of the spotlight. Cable is no exception, trading heavily during Asia time A report earlier isn’t helping. The Confederation of British Industry’s quarterly survey of services firms showed that profitability among business

AUD/JPY posts a second consecutive decline, hovering near its lowest levels since mid-September. RSI trends lower, approaching oversold territory, reinforcing bearish sentiment. MACD histogram prints rising red bars, signaling accelerating downward momentum. The AUD/JPY pair extended its losses on Wednesday, marking a two-day losing streak as sellers maintained their grip on the market. The cross

AI image President Biden gave Venezuela something of an olive branch in an effort to get free elections but it hasn’t gone to plan and now Trump says he’s ending it. He also cited that Venezuela isn’t taking back illegal immigrants. The deal had eased sanctions on oil, gas and gold but a portion of

The US Dollar recovers on Wednesday, traders mulling upcoming President Trum speech.  Markets see rate cut bets by the Fed  increase with Tump’s tariffs set to kick in at the start of March. The US Dollar Index (DXY) resides near yearly lows, looking for a bounce.  The US Dollar Index (DXY), which tracks the performance

The Kremlin said that “contacts are being prepared at the expert level through the ministries of foreign affairs”. Adding that a Trump-Putin meeting is still on the cards but only after thorough preparations have been made. No further details were given as to where or when that might happen. Meanwhile, Ukraine president Zelenskyy is to

EUR/USD slips as the DXY climbs toward 106.50, driven by rising US yields. The US Dollar faced headwinds due to weakening US consumer confidence. The Euro found support from growing optimism following reports that Germany considers a €200 billion emergency defense fund. EUR/USD retraces its recent gains registered in the previous session, trading around 1.0500

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

Mexican Peso steadies as market sentiment remains bearish on trade risks. Trump confirms tariffs on Mexico are moving forward, pressuring the Peso. Banxico signals further 50 bps rate cuts as inflation nears the 3% target. US-Mexico trade talks continue, with a potential breakthrough expected Friday. The Mexican Peso (MXN) recovers from earlier losses and turns

Zelensky’s government is ready to sign the US minerals deal after the US dropped demands for a right to $500 billion in potential revenue, according to the FT. The report has helped to lift the euro and boost broader sentiment. he finalized agreement, reviewed by the FT, outlines the creation of a fund to which

An outlier day for Gold this Tuesday with losses on the quote board. The Trump administration seeks to corner China and toughens its semiconductor restrictions.  Gold heads back to $2,935, though remains to look heavy with an overall market rout.  Gold’s price (XAU/USD) has hit a new all-time high on Monday at $2,956, just hours before the Trump administration

In case you missed it: Trump Confirms tariffs on Canada, Mexico ‘will go forward’ The reaction among major currencies has been relatively muted, with the dollar also not doing much today. USD/JPY was the only one that showed some response with the pair moving up to 150.30 but is now flat at 149.70 again. Besides

The Indian Rupee weakens in Tuesday’s Asian session.  Renewed US Dollar demand and persistent foreign outflows continue to weigh on the INR.  The Conference Board’s Consumer Confidence is due later on Tuesday.  The Indian Rupee (INR) edges lower on Tuesday. The local currency remains under pressure amid US Dollar (USD) demand from oil companies and

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

Mexican Peso slips as monetary policy divergence with Fed fuels further upside. USD/MXN climbs 0.14% to 20.43 as Banxico signals additional 50-bps rate cuts. Mexico’s Q4 GDP contracts by 0.6%, raising recession concerns. Traders eye Mexico’s Current Account, Balance of Trade, and jobs data this week. The Mexican Peso (MXN) slipped against the US Dollar