Author: FX
The Indian Rupee tumbles to fresh record low in Friday’s early European session. A firm USD and importers’ month-end USD demand weigh on the INR. The RBI is likely to intervene in the FX market to prevent the local currency from depreciating further. The Indian Rupee (INR) extends the decline to near a fresh all-time low on Friday. The local currency remains under selling pressure due to sustained strong US Dollar (USD) demand from importers, foreign investors, and oil-related companies. Nonetheless, any routine intervention by the Reserve Bank of India (RBI) could help limit the INR’s losses. The preliminary reading of…
manassanant pamai Retail sales in Japan grew by 2.8% Y/Y in November 2024, up from a downwardly revised 1.3% rise in October, easily beating market expectations of a 1.7% gain and marking the 32nd straight month of expansion in retail sales and the fastest growth since August, with Source link
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This in reference to the data from China earlier:The move month alone m/m was -7.3%, extending its decline to a fourth straight month. But, October was -10% ,so a slower pace of fall in November. The data comes via China’s National Bureau of Statistics (NBS). These industrial profit figures account for firms generating annual revenues of at least 20 million yuan ($2.7 million).China is the world’s second-largest economy. It continues to face challenges in its post-pandemic recovery, including weak consumer and business investmenta prolonged housing market slumpand new trade risks associated with the incoming U.S. administrationweak domestic demandRecent economic data…
EUR/USD trades with a mild negative bias to around 1.0415 in Friday’s Asian session. The US Initial Jobless Claims declined to the lowest in a month last week. The dovish ECB bets might weigh on the Euro in the near term. The EUR/USD pair drifts lower to around 1.0415 during the Asian trading on Friday. Trading volumes are thin as many traders are on holiday before New Year. Later on Friday, the preliminary reading of the US Goods Trade Balance for November will be released. Data released on Thursday by the US Department of Labor revealed that the weekly Initial Jobless Claims…
The PAIN and Directional Breakout Forex Trading Strategy is a dynamic and highly effective approach designed for traders who want to capture significant price moves in the Forex market. By focusing on critical price levels and market momentum, this strategy aims to identify the most opportune moments for breakout trades. Combining the concept of PAIN, or price action insights at key levels, with the directional breakout methodology, traders can enhance their ability to pinpoint high-probability trading opportunities. This strategy is all about riding the wave of market momentum and making the most out of price breakouts while minimizing unnecessary risks.…
hapabapa Netflix (NASDAQ:NFLX) received high marks from subscribers for a largely seamless streaming experience on Christmas Day with its two live NFL games. Importantly, the company also pulled in strong ratings for the two high-profile games. The two NFL games streamed Source link
China’s National Bureau of Statistics (NBS) announced the revision on Thursday, following the completion of the fifth National Economic Census:Gross domestic product (GDP) in 2023 was raised by 3.4 trillion yuan to 129.4 trillion (US$17.73 trillion)said the change would have little impact on growth this yearChina’s National Economic Census is a comprehensive survey conducted by the Chinese government to collect detailed data on the country’s economic activities. It is typically carried out every five years and aims to provide a complete picture of the structure, size, and performance of China’s economy. The census is managed by the National Bureau of…
eyecrave productions/E+ via Getty Images New York Gov. Kathy Hochul on Thursday approved the Legislature’s bill requiring major polluters that contributed to global warming to pay $75 billion for repairs from major storms and other remediation resulting from climate change. Supporters consider the Climate Change Source link
Let’s continue our recap of the year for the U.S. dollar by breaking down the downtrend we saw in the Greenback between April and September. Source link