China’s Ministry of Industry and Information Technology predicts a 5.7% year-on-year growth in industrial output for the January to December period. Which seems optimistic based on the data today and prior for 2024: China’s industrial profits decline four straight months, but at a slower rate More: is committed to ensuring steady growth in the industrial […]
Author Archives: gtiqy
27
Dec
Dec
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 […]
27
Dec
Dec
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 […]
27
Dec
Dec
South Korea’s intelligence agency says it has an injured North Korean soldier in custody. No further details as yet. As I said above, tensions on the Korean peninsula will, at the margin, be a yen positive (flight to safety/liquidity … so USD positive also). The moves used to be intense on such news that has […]
26
Dec
Dec
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 […]
26
Dec
Dec
The EUR/USD is edging higher, reaching a new daily high while breaking above the 50% midpoint of the trading range since the September 2022 low, which stands at 1.04053 (see daily chart). On the hourly chart, the pair has been oscillating above and below this midpoint over the past five trading days. Following the FOMC […]
26
Dec
Dec
The USD/JPY is trading at a new high for the day, reaching last week’s peak of 157.918—the highest level since July 18. The day began near session lows at 157.122 but saw an acceleration during the early U.S. session, coinciding with the opening of the U.S. debt market. U.S. Treasury yields are also moving higher, […]
26
Dec
Dec
This according to the NPC Standing Committee, as announced yesterday. For now, the agenda is said to encompass “reviewing the government work report, and examining the report on the implementation of the annual plan on national economic and social development for 2024 and the draft plan on national economic and social development for 2025”. Adding […]
26
Dec
Dec
This strategy is applicable to any trading instrument when there is expected momentum or strength, but it is particularly effective for stock market indices such as the DAX, DOW, NASDAQ, FTSE, and S&P 500. Other indices, like the JP225, can also be traded using this approach. The reason it works so well on these indices […]
26
Dec
Dec
The post on the Bank of Japan October meeting minutes is here: Adding a little more detail now, these Headlines via Reuters: A few members said must scrutinize the impact of past interest rate hikes on the economy and prices when deciding policy. One member said must take time and be cautious in deciding on […]