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test3eter
Read Time: 6 minutesAsia FX Talk: India’s GST Reform Analysis Senior Currency Analyst Michael Wan provides comprehensive analysis of India’s landmark GST reforms and their impact on currency markets, following Prime Minister Modi’s Independence Day announcement of significant tax structure simplification.Market AnalysisCurrency Forecasts Market Highlights: GST Reform Announcement India’s Prime Minister Modi announced over India’s…
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ddd
Read Time: 3 minutesSTABILITY IN OCTOBER 2024 As of October 31, 2024, the USD/INR exchange rate closed at ₹84.08 per US dollar, showcasing a period of relative stability for the Indian rupee against its American counterpart. Throughout October, the rupee traded within a narrow range, indicating a balanced market sentiment. The Reserve Bank of India…
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Gold Price Forecast: consolidates gains and threatens the 20-day SMA
Read Time: 2 minutesGold Price Consolidates Gains The XAU/USD (gold spot price) has witnessed a modest 0.55% decline, currently trading around $2,030. However, it’s important to note that this price level remains relatively high, reaching levels not seen since May. US Yields Weakness Provides Support Weakness in US Treasury bond yields is offering support to…
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Protected: Rupee settles near an all-time closing low as trade deficit widens ddd
There is no excerpt because this is a protected post.
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Using COT data to trade FX effectively!
Read Time: 2 minutesHere is a trick in the Forex market that allows you to milk massive trends COT data measured in Z-scores Every year 1 or 2 currency gets ahead of itself. Either buyers over buy or sellers sell in the hole. Essentially Trading at z-score extremes. The subsequent position squaring trumps any piece…
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How to read Annual Reports, snippets from Aswath Damodaran!
Read Time: 4 minutesI Used to Struggle to Read Annual Reports Until I discovered this 6-step process From “The Dean of Valuation” Aswath Damodaran On what to look for and why, when trying to value a company Here it is: 🧵 Before you open an annual report have a purpose. Ask yourself:What am I looking…
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Excellent export numbers!
Read Time: 2 minutesAmazing to see Italy’s massive trade surplus. That surplus is much more impressive than pre-COVID, when it in large part reflected weak domestic demand. That’s not true now, since Italy has grown lots in the years since the pandemic. Kudos to Europe’s new export machine: Italy! On an another point of view,…
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China and its problems!
Read Time: 2 minutesChina faces a problem of internal balance — inflation is low, and youth unemployment is high. China also faces a problem of external balance — even before the current slowdown. China’s trade surplus (using the customs data) was at a record high v WGDP Sometimes macroeconomics is not hard: there is only…
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US Credit Downgrade by Fitch – a bit confusing?
Read Time: 3 minutesStrange timing from Fitch. US debt to GDP is heading down, the term premium is negative (suggesting strong demand for long-term bonds), and the only likely point of bipartisan consensus in this Congress is to avoid a an avoidable default. I could see a case for downgrading the US: a) after the…
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Can CNY replace the USD as the most used currency for Cross Border trade?
Read Time: 4 minutesIf China has been trying to weaken the dollar, they haven’t really been very effective. The dollar by any measure is quite strong — too strong in fact for US exporters over the long-term. The dollar is off its peak from last fall (a peak that if sustained would have been globally…
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What’s with the Black Sea grain deal?
Read Time: 2 minutesSo many wrong takes on the Black Sea graindeal. Here’s what you need to know if you trade #wheat (and #corn) as of today: Odesa shipments are over. The chance was high that the Kremlin would stop the grain deal and show everyone that they should stay away from Odesa. We gave…
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The Global Bond Market
Read Time: 2 minutesRanked: The Largest Bond Markets in the World In 2022, the global bond market totaled $133 trillion. As one of the world’s largest capital #markets, debt securities have grown sevenfold over the last 40 years. Fueling this growth are government and corporate debt sales across major economies and emerging markets. Over the last…
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Gold rebounds sharply as Fed’s interest rates to peak in July
Read Time: 4 minutesGold price (XAU/USD) has climbed above $1,960.00 after portraying a non-direction performance ahead of the interest-rate decision by the Federal Reserve (Fed) for further guidance. The precious metal is expected to continue its lackluster performance as a small interest-rate hike from the Fed is widely expected despite softening inflation and loosening labor market conditions.…
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Lithium Race!
Read Time: 2 minutesThe lithium race in North America is heating up. All thanks to dozens of Gigafactories in progress and in plan. The country that controls the global refined lithium supply will be the superpower of the 21st century. The World’s Second Biggest Producer Of Lithium, Chile, Shocks The Market As President Boric Unveils…
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RBI rules on opening current accounts with other banks
Read Time: < 1 minuteQ. If you have CC or OD facilities with one or more banks then can you open a current account with other banks? Check this video- https://www.linkedin.com/posts/ca-ankush-jain-2a927440_rbicircularonopeningofcurrentaccount-rbicircular-ugcPost-7083804049912864768-JUgm/?utm_source=pocket_saves
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South Korea’s Early Exports Slump, Hitting Global Rebound Hopes
Read Time: < 1 minuteSouth Korean exports in the first part of July fell at the fastest pace since March, dampening hopes that a slowdown in global trade might be turning a corner. Daily shipments dropped 15.2% on average in the first 20 days of July from a year earlier, the customs office said Friday.…
