China’s money markets ease as PBOC acts to avoid liquidity shock
China’s money markets eased from recent highs, after the central bank provided liquidity to stem a bond selloff that threatened to spark panic among retail investors.
Indias Economy Likely Slowed to Annual 6.2 in JulySept
Data due at 1200 GMT on Wednesday, Nov. 30 BENGALURU, Nov 28 Reuters The Indian economy likely returned to a more normal 6.2 annual growth rate in JulySeptember after doubledigit expansion in the previous quarter, but weaker exports and investment will curb future activity, a Reuters poll showed. In AprilJune, Asia39;s thirdlargest economy showed explosive […]
Europes South Offers a Warm Welcome to Energy Migrants
Cheaper rent, cheaper bills Some people moving permanently Greek tourism minister toured north Europe to seek visitors Other countries have also campaigned MADRIDLISBON, Nov 28 Reuters Software developer Victor Varlamov logs in every morning to work on a sunny Spanish island off the coast of Africa after the prospect of steep heating bills and a […]
Euro zone Credit Growth Remains Brisk Despite Gloomy Outlook
FRANKFURT, Nov 28 Reuters Bank lending to euro zone companies held steady, maintaining the sector39;s biggest borrowing binge in over a decade, despite rising interest rates and a looming recession, European Central Bank data showed on Monday. Lending to businesses in the 19country euro area expanded by 8.9 in October, unchanged on September when it […]
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar has opened the week with a support test, and EUR/USD has pulled back before a test of the 1.0500 level. GBP/USD is showing a rising wedge formation.
Rupee, Bond Yields to Stay Rangebound in DataHeavy Week
MUMBAI, Nov 28 Reuters The Indian rupee and government bond yields are expected to continue to hold their narrow trading ranges this week, with investors bracing for a jump in volatility due to multiple economic data releases at home and in other major countries. The rupee ended unchanged at 81.6850 per U.S. dollar last week. […]
USD Rises, CNY Slumps as Chinas COVID Unrest Spooks Markets
SINGAPORE, Nov 28 Reuters The dollar climbed on Monday as protests in China against the government39;s antiCOVID policies made investors turn away from riskier assets, and consigned the Chinese yuan to a more than twoweek low against the safehaven greenback. The protests have flared across China and spread to several cities in the wake of an apartment […]
Gold Dips as Dollar Gains on China COVID Risks
Dollar index up 0.4 Powell39;s speech on Wednesday awaited Spot gold may revisit Nov 23 low of 1,727.50 technicals Nov 28 Reuters Gold prices slipped on Monday, as the dollar strengthened on safehaven demand triggered by protests in several Chinese cities over the country39;s strict COVID19 restrictions. Spot gold was down 0.4 at 1,748.84 per […]
Major Gulf Markets Track Asian Shares, Oil Prices Lower
Nov 28 Reuters Major stock markets in the Gulf fell on Monday, with the Qatari index leading the drop, as investors tracked sluggish crude prices and Asian equities lower after rare protests in China against the country39;s zeroCOVID curbs roiled sentiment. Crude prices a key catalyst for the Gulf39;s financial markets slumped as street protests […]
Technical vs Fundamental Analysis in Forex
Is fundamental or technical analysis best for trading? Learn the differences between the two.