Quick Look: The People’s Bank of China will likely maintain key rates; any changes could influence AUD significantly. AUD/USD shows bearish trends; key resistance is $0.64582, and support is $0.62713. Australian and US inflation figures due this week could heavily impact market expectations and Fed rate decisions. This week, financial markets are at the edge …
AUD/USD: Critical Events to Drive Weekly Dynamics Read More »
Quick Look: NZD/USD stalled at 0.5920 and faces resistance at 0.5940 with further hurdles at 0.6100, 0.6135, and 0.6160. Positioned below 200-hour EMA of 0.5950; RSI below 60, suggesting potential upward movement. Cautious investor sentiment due to US inflation, geopolitical tensions, and high US interest rates. The New Zealand Dollar (NZD) is presently encountering a slight …
Quick Look Asia’s markets open with mixed expectations amid key economic data anticipation. Japan’s Nikkei 225 Index hits a historic peak, reflecting strong investor confidence. China’s CSI 300 Index extends gains, while South Korea’s Kospi faces setbacks. Global trade policies, including Trump’s tariff proposals, pose potential challenges. Upcoming trade meetings in Abu Dhabi to discuss …
Nikkei Peaks, CSI Gains Amid Global Economic Tensions Read More »
The US and China embarked on a series of high-level economic discussions spearheaded by US Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng. The establishment of the Economic Working Group in September 2023 aims to address trade imbalances, tariffs, and global economic policies. Concerns over China’s industrial overcapacity and its dominance in the …
US-China Talks: Bridging Economic Gaps in 2023-2024 Read More »
In the intricate web of international relations, Taiwan democracy faces multifaceted challenges, particularly in its economic sector. This article explores the complex dynamics between Taiwan’s democratic governance, economic landscape, and Beijing‘s strategies of economic coercion. In early 2021, Beijing imposed import bans on Taiwanese agricultural products under the guise of safety concerns, revealing a broader …
Taiwan Democracy: Economic Coercion and Resilience Read More »
In global economics, addressing inflationary pressure is an ongoing challenge. Georgia’s recent successes, as highlighted by Deputy Economy Minister Vakhtang Tsintsadze, offer a notable example of effective management. This article examines Georgia’s strategies for curbing inflation, focusing on recent achievements and the outlook for the coming year, and considers the broader effects of inflation on …
Inflationary Pressure: Georgia’s Economic Resilience Read More »
The EU’s Energy Price Cap Will Not Succeed After months of wrangling, EU energy ministers finally agreed on the first-ever gas price cap, which is set to go into effect in February. The measure’s goal is to alleviate the crisis that has engulfed Europe over the last year as a result of unprecedented increases in …
Advantages of Decentralized Crypto Currency The information revolution is about to begin throughout the world. What does this mean for cryptocurrency industry? Transmitting information is becoming more than just a means of communication; it is also a way to transmit and measure wealth and worth. Money is no longer the sole realm of banks; anyone …
Renewable power prices in major global markets sharply climbed as companies turned to green energy, a hedge against rising fossil-fuel costs. Accordingly, LevelTen Energy, the operator of the world’s most significant power-purchase agreement (PPA) marketplace, reported a considerable upturn. It revealed that wind and solar power contracts skyrocketed by 28.50% year-over-year in North America. Likewise, …
The Trade minister of South Korea called on the United States on Friday to begin talks to revise the Section 232 tariff rules on South Korea’s steel exports. Several years ago, the U.S. removed tariffs on South Korean steel products, but it was in return for a yearly import quota of 2.63 million tons of …
U.S Tariffs on Steel and Aluminum Affected South Korea Read More »
The world’s largest trade deal will come into force in January of 2022. It comes as Australia, as well as New Zealand, ratified the agreement. On Tuesday, Australia released a statement regarding the trade deal. It said that its ratification together with New Zealand’s paved the way for the trade deal to enter into force …
How the Largest Trade Deal Will Transform the World Read More »
China’s commerce ministry announced that the country has applied to enter the CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership). Remarkably, the country looks to boost its clout in trade. The Chinese ministry, Damien O’Connor, reported that commerce Minister Wang Wentao submitted the country’s application to join the free trade agreement in a letter to …
China applies to enter a trans-Pacific trade deal Read More »
A country that enjoys net exports brings in more revenues from products sold abroad than it spends on total imports. As a reminder, net exports are a measure of a country’s total trade. The formula for calculating net exports is quite simple: The value of a country’s total export goods and services minus the value …
China, a fast-growing wine market, plans to turn its primary wine-producing region of Ningxia into a center of top-quality wine production. It also plans to compete with international brands and boost the local economy. The latest news revealed that the Asian giant aims to turn Ningxia into one that rivals France’s Bordeaux. A plan, which …
China aims to turn Ningxia into France’s Bordeaux rival Read More »
On June 15, the U.K. and Australia announced a free trade deal. The British government hailed it as an essential step in building new trade relationships following its exit from the E.U. According to the U.K. government, the free trade agreement suggests it will cost less for British businesses to sell products such as cars, …
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