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This comes after the meeting among top Chinese officials last week, via its central economic work conference. The economic target will be the same as this year, which China is largely expected to hit after Xi boasted about it earlier this month. Meanwhile, China is said to be planning a record budget deficit of 4%

Gold February futures on MCX opened flat on Monday at Rs 77,088 per 10 grams, a slight rise of 0.04% or Rs 27. Meanwhile, silver March futures were trading at Rs 91,005 per kg, down 0.2% or Rs 178. Over the past week, gold prices have dropped by Rs 1,900 per 10 grams, while silver

The forex market began the week on a subdued note, with mild risk-off sentiment setting the tone. China’s latest economic data painted a bleak picture, with retail sales significantly underperforming expectations and fixed asset investment experiencing a deeper decline. While industrial production growth met forecasts, it failed to offset concerns about the broader economic slowdown.

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

Yen weakened across the board today in an otherwise consolidative market , as traders increasingly anticipate that BoJ will hold steady on monetary policy at its upcoming this week. BoJ policymakers appear to see no urgency in extending the tightening cycle this month, preferring instead to wait for January’s updated economic projections before deciding on

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

The headline economic activity data for November is here: More now, focus on the property sector, info via Reuters reporting: Property investment in China fell 10.4% in the first eleven months of 2024 from a year earlier the fall was 10.3% in the January – October period Property sales by floor area in January-November fell

Tertiary Industry Activity Index for October 2024: +0.3% m/m expected -0.1%, prior -0.2% This adds to generally improving data we have had earlier in the session (link to these are near the bottom of this post). *** Recent results: September 2024: The index slightly decreased to 102.3, a 0.2% decline from August’s 102.5. August 2024:

USD/JPY traded higher today, towards 154.00. There was a slew of data releases from the country, and, on balance, the indicators were encouraging: PMIs improved (manufacturing did remain in contraction for the 6th month in a row though) Machine orders improved (a volatile data set though) The Tertiary Industry Activity Index (a service sector indicator)

Gold prices firmed on Monday as investors turned their focus on the Federal Reserve’s meeting on Dec. 17-18, when it is widely expected to deliver its third interest rate cut this year. FUNDAMENTALS * Spot gold held ground at $2,649.53 per ounce, as of 0037 GMT. U.S. gold futures eased 0.3% to $2,668.00. * Investors

The U.S. dollar hovered close to a three-week peak versus major peers on Monday amid expectations the Federal Reserve will cut interest rates this week but then signal a measured pace of easing for 2025. Bitcoin soared above $105,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential

Oil futures eased from their highest levels in weeks as investors awaited a meeting of the Federal Reserve later this week for indication of further rate cuts. Falls were limited however by concerns of supply disruptions in the event of more U.S. sanctions on major suppliers Russia and Iran. Brent crude futures fell 21 cents,

Gold February futures contracts at MCX opened flat today at Rs 77,058 per 10 gram, which is down by 0.1% or Rs 78 while silver March futures contracts were trading at Rs 90,956/kg, down by 0.05% or Rs 45. Gold prices fell by Rs 1,900/ 10 grams in the last 3 days while silver prices

Dollar ended as the strongest performer last week, boosted by a surge in U.S. Treasury yields following persistent inflation data. Despite expectations of another 25bps rate cut at the upcoming FOMC meeting, stubborn price pressures are likely to slow the pace of policy easing next year. Adding to the caution, inflation uncertainties under the incoming

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 30 year bonds US 30-year bonds have had a worrisome week. They’ve risen for five straight days in a climb to 4.61% from 4.31% and that’s coming at the same time as Chinese debt heads in the other direction. Now some of that could be seasonal quirks and we’re still within the post-election range.

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

The problem with trying to stop chip restrictions to China is that it’s easy enough for people in other countries to buy them, mark up the prices and then re-sell them to China. That might be ‘illegal’ but with the stakes so high, it’s a loophole that will be infinitely exploited. We’ve seen the same