Author: FX
China has introduced new rules to curb the export of “zero-mileage” vehicles — brand-new cars registered as used — in a bid to stop automakers overstating sales and claiming tax benefits tied to inflated export volumes. The practice has drawn scrutiny as China becomes the world’s largest car exporter, with domestic manufacturers grappling with intense competition and excess inventory at home.The regulations, published by the Commerce Ministry, apply to any vehicle exported within 180 days of registration. Authorities say the loophole has distorted industry data by making it appear that surplus stock is being sold overseas, while many buyers later…
This Aussie pair has been cruising higher but is still stuck in a bit of a holding pattern on the 4-hour time frame. Is it due for more consolidation or a breakout soon? Check out these potential support levels right here! AUD/JPY 4-hour Forex Chart by TradingView Thanks to improving risk sentiment and strengthening hawkish RBA expectations, AUD/JPY has been forming higher lows and slightly higher highs for nearly a couple of months already. Price hit a ceiling at the top of this rising wedge pattern, possibly gearing up for a pullback to nearby support areas. Are buyers ready to…
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0816 compared to Friday’s fix of 7.0825 and 7.0956 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party…
The Big Times MT4 Indicator is a powerful tool that identifies potential market trends and key price movements. It works by analyzing price action, momentum, and market volatility to generate signals that traders can rely on. Unlike generic indicators, Big Times focuses on clarity, showing only the most relevant information. This reduces noise on the chart and allows traders to focus on setups that matter most. Whether you’re trading forex, indices, or commodities, the indicator adapts to different timeframes, making it versatile for both day trading and swing trading strategies. How It Helps Traders One of the main advantages of…
Japan’s economy contracts for first time in six quarters Source link
European Central Bank Governing Council member Olli Rehn warned that the risk of inflation slowing too sharply should not be dismissed, urging caution as policymakers weigh whether another rate cut in December is warranted. In an interview with Helsingin Sanomat, Rehn said weaker energy prices, a firmer euro and moderating wage and services inflation could push headline inflation below the ECB’s 2% goal:acknowledged that upside risks to inflation still existnoted that the euro-area economy continues to hold up despite disruptions from the Trump administration’s tariff policiesgrowth remains slow but persistent flagged vulnerabilities in financial markets, warning that equity valuations look…
Chilean right wing eyes return to power as crime, migration dominate election Source link
Trump tariff rollback offers relief for Indian farmers Source link
The Double Dragon MT4 Indicator is designed to analyze market trends using dual confirmation signals. It combines two powerful trend-detection methods into a single tool, making it easier for traders to identify potential entry and exit points. The indicator visually highlights bullish and bearish conditions on the chart, allowing users to act quickly. Unlike traditional indicators that may lag, the Double Dragon MT4 provides timely signals that match the real-time movement of currency pairs. This dual-layered approach ensures traders have a clearer picture of market momentum. Key Features and Benefits One of the main advantages of the Double Dragon MT4…
Australia welcomes Trump’s removal of beef tariffs, seeks more relief Source link