CHINA: RETAIL SALES AND INDUSTRIAL PRODUCTION BEAT EXPECTATIONS Grew 4% YoY in February, matching expectations and improving from January's 3.7%. Increased by 5.9% YoY, surpassing the 5.3% forecast but slower than January’s 6.2% growth.
Gold price is near its highest level ever. People are buying gold because of global economic worries. Traders expect the U.S. Federal Reserve to cut interest rates in 2025. The U.S. dollar is weak, which helps gold stay strong. Investors see gold as a safe place to keep
CHINA FEBRUARY 2025 NEW HOME PRICES FALL 4.9% YoY, 0.1% MoM New home prices fell 4.9% YoY and 0.1% MoM in February. The housing sector remains under pressure, with January showing a 5% YoY decline. PBOC set USD/CNY reference rate at 7.1688, the strongest
Federal Reserve (Fed): Will decide on interest rates while worrying about a possible recession. Bank of Japan (BoJ): Traders are watching for signs that Japan might raise interest rates. Swiss National Bank (SNB): Expected to cut interest rates by 0.25%. Bank of England (BoE): Likely to keep rates the
AUD/USD is stable above 0.6300 in Monday’s Asian session. China’s economic data for January and February was mostly positive. China’s government plans to boost spending, helping the Australian Dollar (Aussie). Weaker US Dollar and higher risk appetite also support AUD/USD.
XRP Price Rebound: XRP’s price went up to $2.42, recovering 28% from a low of $1.90. SEC Settlement Talks: The U.S. SEC has started discussions to settle its case with Ripple. ETF Speculation: There are rumors that BlackRock might introduce investment products for altcoins. Market Reaction:
Oil prices went up by 1% on Monday. The U.S. said it will keep attacking the Houthi group in Yemen. The Houthis are linked to Iran. The U.S. wants them to stop attacking ships.
The SEC delayed its decision on approving altcoin ETFs. This made some traders worried. Despite this, altcoins are slowly recovering. Bitcoin went up by 5% on Friday. Big investors are still interested in crypto.
The GBP/USD pair has been falling for three days in a row. It is trading around 1.2940 in the Asian market on Monday. The price is below 1.2950 and moving toward the nine-day EMA (Exponential Moving Average). The overall trend is still bullish, as the pair is
RETAIL SALES, INDUSTRIAL OUTPUT BEAT EXPECTATIONS Retail Sales +4.0% YoY, meeting expectations. Industrial Production +5.9% YoY, exceeding the 5.3% forecast. Data combines January and February to adjust for Lunar New Year volatility.
EUR/USD stays below 1.0900. A possible ceasefire talk between Trump and Putin may help the Euro. The US Dollar stays strong as traders wait for US Retail Sales data.
SINGAPORE NON-OIL EXPORTS MISS EXPECTATIONS FOR FEBRUARY 2025 Singapore's Non-Oil Exports (NODX) grew by 7.60% YoY in February 2025, missing the expected 8.70% growth. This marks a recovery from the prior -2.10% decline. Growth was seen in both electronics and non-electronics exports. Exports to the