English
Arabic
Chinese
Indonesian
Malay
Thai
Portugese
Filipino
Japanese
Korean
EURCAD retreats from 6-month highs, but bulls still in play
EUR/CAD retreats to 1.4870 after reaching a fresh 6-month high, but despite the short-term retreat, the currency pair managed to find decent support just ahead of the 1.4860 mark.
China expects slower growth
China lowered their expected economic growth from 6%-6,5% to 6% in 2020. Chinese leaders are trying to support growth to limit job losses that could affect social stability but are facing pressure to tackle debt risks caused by pump-priming policies. The government aims to boost infrastructure investment by allowing local governments to issue more special...
China lowered their expected economic growth from 6%-6,5% to 6% in 2020. Chinese leaders are trying to support growth to limit job losses that could affect social stability but are facing pressure to tackle debt risks caused by pump-priming policies. The government aims to boost infrastructure investment by allowing local governments to issue more special bonds next year, but there is less room for tax cuts. Beijing has unveiled a raft of pro-growth measures this year, cutting taxes and fees and letting localities issue 2.15 trillion yuan in special bonds, alongside cuts in reserve requirements and lending rates to boost credit.
Read more
Get top news to your email
.png)
Weekly review: Gold, USD, EURUSD and Dow Jones
Precious metals started the new of trading on a bullish note while US stock futures opened mixed on Monday following the Thanksgiving break. The volatility is expected to remain high this week, based on a list of important data and events. The ISM manufacturing PMI and the Core Personal Consumption Expenditures (PCE) Price Index may be the most market-moving events on the calendar this week.
.jpg)
WTI oil cautiously rebounds from 4-month low
In the past few weeks, oil prices have been under intense selling pressure. However, we see that oil prices successfully bounced back from the 4-month lows ahead of a highly anticipated meeting of OPEC-producing countries.
.png)
Weekly review: Gold, USD, EURUSD and Dow Jones
Global equity markets settled higher last week after cooling inflation reports raised hopes of an end to interest rate hikes. Moving ahead, with a shorter week with the market being closed on Thursday and a half-day on Friday for Thanksgiving. However, before the Thanksgiving holidays, some intriguing US data is scheduled to be published. Minutes from the latest November 1 FOMC meeting will be released on Tuesday.