China, as one of the world’s largest economies, has been grappling with the consequences of the COVID-19 pandemic. In an effort to revive its flagging economy, the country has announced a bond issuance and investment plan. Recently, the National Development and Reform Commission (NDRC) revealed the identification of a second batch of public investment projects.
admin
Understanding the relationship between economic reports and gold prices is crucial for investors and traders. Today, we examine the recent US Bureau of Economic Analysis’ report on the Personal Consumption Expenditures (PCI) index for November and explore its implications on the gold market. The PCI index is the preferred inflation measure of the Federal Reserve,
President Joe Biden has taken a significant step in bolstering the country’s defense capabilities by signing into law the U.S. defense policy bill. This legislation, known as the National Defense Authorization Act (NDAA), authorizes a record-breaking $886 billion in annual military spending. Additionally, it outlines crucial policies aimed at addressing global challenges, such as support
The US Dollar is experiencing a rebound after a recent selloff. Meanwhile, the Canadian Dollar, also known as the Loonie, briefly rallied to a fresh 19-week high. This article discusses the factors contributing to the fluctuation in the exchange rate between the USD and CAD. The USD/CAD pair is set for a fifth weekly decline
In the midst of the holiday season, global stock indexes experienced mostly positive gains while the U.S. dollar reached a near five-month low. This trend was supported by recent cooler-than-expected U.S. inflation data, which further strengthened the belief that the Federal Reserve may reduce borrowing costs in the new year. As the market prepares for
The United States government, under President Joe Biden, has signed an executive order that threatens penalties for financial institutions aiding Russia in circumventing sanctions. This move is a part of Washington’s continued efforts to increase pressure on Moscow and slow down its war efforts. The executive order also grants the United States the authority to
The U.S. Federal Reserve has been facing a significant shift in its interest-rate-setting committee, with 2024 voting members leaning slightly more hawkish compared to their predecessors from 2023. However, this does not necessarily indicate a deviation from the anticipated pivot to interest-rate cuts in the coming year. In fact, as inflation shows signs of falling
Gold prices experienced a retreat after briefly reaching $2,070 on Friday, before paring back towards the day’s opening bids. The market’s anticipation of the Federal Reserve (Fed) initiating interest rate cuts has contributed to the rise of gold prices. However, receding US inflation has dampened these expectations, leading to a more cautious outlook on the
The holiday season is one of the most anticipated times of the year for retailers and shoppers alike. However, recent data suggests that major retailers such as Macy’s, Target, and Ulta Beauty are offering smaller discounts and fewer markdowns in the days leading up to Christmas. This shift in the retail landscape has raised concerns
The U.S. Dollar Index (DXY) has recently tested new lows, mainly due to the release of the PCE Price Index report. This report highlighted a decline in the PCE Price Index from 2.9% in October to 2.6% in November. However, the American currency received some support from the better-than-expected Michigan Consumer Sentiment report. If the
The dollar index, which measures the currency’s performance against a basket of major currencies, fell to a nearly five-month low as U.S. inflation data indicated a further slowdown in November. With annual inflation dipping below 3%, market participants now anticipate a U.S. interest rate cut in March. This article explores the implications of this data
The Toro Company recently announced its full-year fiscal 2023 earnings, revealing a mixed performance. The company reported net sales of $4.55 billion and adjusted diluted earnings per share of $4.21. While the professional segment showcased resilience with a 7% increase in sales, the residential segment experienced a significant decline of 20% due to weather and