Economic News Category

USD Index Hovers Around 105.50, Awaits Jerome Powell’s Speech for Direction The USD Index (DXY) finds itself in a consolidative phase, trading near the 105.50 level as the European trading session commences on Thursday. Market participants are exhibiting a general lack of direction, with their attention firmly fixed on the upcoming speech by Federal Reserve

Decline in China’s Forex Reserves to $3.1 Trillion Amidst a Stronger US Dollar China’s foreign exchange reserves have decreased to $3.1012 trillion at the conclusion of October, representing a $13.8 billion reduction from September’s figures, as reported by the State Administration of Foreign Exchange (SAFE) on a recent Tuesday. This downtrend marks the third month

Persistent Downturn in Household Spending as Japan Grapples with Wage Erosion In Japan, households continue to face financial strain as data from September shows a sustained decline in consumer spending, marking the seventh consecutive month of reduction, falling by 2.8 percent compared to the previous year. This decline in spending behavior is attributed to cautious

China Projects Continued Growth in Industrial Recovery, According to Industry Minister China projects continued momentum in its industrial economy’s recovery as the fourth quarter of the year unfolds. The anticipated revival is expected to bolster the overall economic revival, per statements by a Chinese official. In an interview with Xinhua, the Minister of Industry and

Gold Price Stable; Awaits US NFP for Direction The gold market has witnessed a consistent pattern over the past few days, with the price of gold, represented as XAU/USD, maintaining its position in a recognizable range. For the second consecutive day on Friday, there has been an observable inclination of buyers towards the precious metal.