Author: FX
Data from South Korea show a mixed picture: industrial output slumped sharply in October even as retail sales rose and service-sector output held up. According to the national statistics office, industrial production in October fell 8.1% year-on-year and 4.0% month-on-month (seasonally adjusted). By contrast, retail sales rose 3.5% month-on-month, while service-sector output slipped modestly by 0.6% month-on-month.That weak industrial performance follows a rebound in September, when overall production rose 1.0% month-on-month (and 6.7% y/y), driven by a 1.8% increase in services — although retail sales dipped 0.1% in September. The divergence suggests private consumption and services remain more resilient than…
Gold (XAU/USD) remains firm during the North American session on Thursday amid a low-volume trading session as US markets remain closed in observance of the Thanksgiving holidays. At the time of writing, XAU/USD trades at $4,158, virtually unchanged.XAU/USD stays firm in thin Thanksgiving liquidity as Fed easing expectations riseOn Thursday, Bullion prices seem to be consolidating amid the lack of news. However, the recent US government reopening opened the door for economic data, which so far reassured that the US jobs market remains solid and that inflation stalled and might resume its downward path.This increased the chances of additional easing…
Peruvian court sentences former President Castillo to over 11 years in prison for rebellion Source link
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 invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
The Japanese Yen trims part of its earlier recovery against the US Dollar on Thursday as the Greenback shows resilience in muted, holiday-thinned trading. At the time of writing, USD/JPY is hovering around 156.30, edging higher modestly after briefly touching a daily low of 155.73.The Japanese Yen continues to struggle for any meaningful rebound as fiscal concerns remain front and centre following Japan’s approval of a large stimulus package. The sizeable spending programme unveiled by Prime Minister Sanae Takaichi has reignited worries about the country’s debt sustainability, reinforcing the view that fiscal risks remain tilted to the downside.Adding to the…
All eyes and ears were on U.K. Chancellor Rachel Reeves Budget Statement this week, with markets zoned in on every clue and headline ahead of the actual announcement. So when the U.K. government’s fiscal watchdog (Office for Budget Responsibility) accidentally published the entire Budget an hour before Reeves could even deliver her speech, it’s no surprise that absolute chaos broke out. Markets moved, traders scrambled, and one of the most anticipated economic events of the year turned into a tragicomedy. Beyond the embarrassing leak, this Budget matters for anyone trading sterling, U.K. stocks, or just trying to understand how government…
General sworn in as Guinea-Bissau leader in swift coup after disputed vote Source link
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 invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
EUR/USD shows moderate losses heading into the European midday, trading near 1.1585 after rejection above 1.1600 earlier on Thursday. Eurozone Consumer Confidence data has failed to surprisinvestors although market confidence that the Federal Reserve will ease its monetary policy further over the coming months is keeping US Dollar, bulls in check.Economic data released on Wednesday revealed a larger-than-expected increase in US Durable Goods Orders and a decline in weekly Initial Jobless Claims, but that did not alter the view that the US central bank will cut rates by 25 basis points after their December meeting.Beyond that, rumours that White House…
Univest Securities announced the closing of an $8M registered direct offering for its client MingZhu Logistics (YGMZ). The company sold 8 million units at $1.00 per unit to select institutional investors, with each unit consisting of one ordinary share or a pre-funded Source link