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12+ min ago (461+ words) The USD/CHF pair trades stably around 0.7960 during the early European trading session on Tuesday. The Swiss Franc pair remains calm as investors await the United States (US) Nonfarm Payrolls (NFP) report for October and November, which will be published at 13:30 GMT. Ahead of the US employment data, the US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, remains on the defensive near the eight-week low around 98.15. On Friday, San Francisco Fed Bank President Mary Daly said in a LinkedIn post that she favored interest rate cuts in the policy meeting on Wednesday as "inflation is too high and the job market is getting softer, adding that "we [Fed] cannot let the labor market falter", Reuters reported. In Tuesday's session, other notable highlights in the US economy are Retail Sales data for November, and the flash…...

15+ min ago (327+ words) Taking a significant step towards strengthening the logistics and warehousing sector in the state, the Uttar Pradesh State Industrial Development Authority (UPSIDA) on Monday approved the issuance of unique IDs to four major logistics projects. The four projects together propose a capital investment of approximately Rs 1,100 crore, an official statement issued here said. The implementation of these projects will not only expand logistics infrastructure but also generate large-scale direct and indirect employment opportunities across the state. The approval to issue unique IDs to four projects was granted during a high-level meeting to review logistics project proposals, the statement said. This administrative step is considered a crucial milestone in bringing the projects to the ground level. Under the approved proposals, logistics and warehousing units are planned to be established by M/s OWM in Varanasi, RP & Sons in Moradabad, M…...

17+ min ago (629+ words) EUR/USD struggled to gather directional momentum on Monday and closed the day with marginal gains. The pair stays quiet early Tuesday and continues to move sideways at around 1.1750. The table below shows the percentage change of Euro (EUR) against listed major currencies this month. Euro was the strongest against the US Dollar. Although the US Dollar (USD) had a hard time gathering strength at the beginning of the week, the negative shift seen in risk mood helped it stay resilient against its peers. Early Tuesday, US stock index futures trade deep in negative territory, suggesting that markets remain risk-averse. In the second half of the day, the US Bureau of Labor Statistics (BLS) will publish Nonfarm Payrolls (NFP) data for October and November. Markets expect the NFP to rise by 40,000 in November and see the Unemployment Rate staying unchanged…...

17+ min ago (728+ words) " The Bank of Japan is expected to raise short-term interest rates from 0.5% to 0.75% on Friday. This is the second rate hike in the year, which will bring Japan's interest rate to the highest level in the past 30 years; " Since interest rate hikes have previously been considered by the market, Analyst do not expect the yen to appreciate significantly after the rate hike. On Friday, the Bank of Japan will announce its last interest rate decision for the year. Despite the impact of tariffs from the US and pressure from Japanese Prime Minister Sanae Takaichi who has always called for a dovish stance, outsiders expect that the Bank of Japan will still choose to raise interest rates and promise to continue to raise borrowing costs. This will be the second time the Bank of Japan has raised interest rates during the…...

18+ min ago (530+ words) The Bank of Japan is expected to hike interest rates Friday for the first time since January, pushing them to their highest level in 30 years and potentially exacerbating turmoil in debt markets. Yields on Japanese government bonds have risen in recent weeks on worries about Prime Minister Sanae Takaichi's budget discipline, while the yen has weakened. Higher BoJ interest rates make Japanese bonds more attractive than other assets, pushing down their prices but sending yields " which move inversely " higher. Japan's economy contracted 0.6 percent in the third quarter, but BoJ governor Kazuo Ueda said last week that the impact of US tariffs was less than feared. "So far, US corporates have swallowed the burden of tariffs without fully passing (them) through to consumer prices," Ueda told the Financial Times. At the same time, inflation has been above the BoJ's target of…...

20+ min ago (308+ words) Japanese government bonds (JGBs) barely budged on Tuesday as traders mainly remained on the sidelines ahead of crucial U.S. jobs figures later in the day, and a Bank of Japan policy decision this week. The yield on 10-year JGBs was flat at 1.955%, as of 0405 GMT. Benchmark 10-year JGB futures were also little changed at 133.40 yen. Yields move inversely to bond prices. The Bureau of Labor Statistics will release its long-awaited combined employment reports for October and November later, following delays to data collection during the longest U.S. government shutdown in history. Meanwhile, traders fully expect the BOJ to raise interest rates by a quarter point on Friday, putting most of the focus on Governor Kazuo Ueda's post-meeting news conference for clues on the path for policy in 2026. Two-year JGBs, which are especially sensitive to the outlook for monetary policy, had yet to…...

27+ min ago (470+ words) The NZD/USD pair trades in negative territory for the fourth consecutive day around 0.5775 during the early Asian session on Tuesday. The downbeat Chinese economic data exert some selling pressure on the New Zealand Dollar (NZD) against the US Dollar (USD). Traders brace for the release of a slew of US economic data, including the delayed November jobs report." China's Retail Sales expanded at their slowest pace since the COVID-19 pandemic, while the Industrial Production fell short of forecasts in November. This, in turn, undermines the China-proxy Kiwi, as China is a major trading partner for New Zealand." China's Retail Sales"increased 1.3% YoY in November, compared to 2.9% in the previous reading, the National Bureau of Statistics (NBS) showed on Monday. This figure came in worse than the market expectation of 2.9% by a wide margin. Meanwhile, Chinese Industrial Production rose 4.8% YoY…...

29+ min ago (488+ words) The People's Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 7.0602 compared to the previous day's fix of 7.0656. The primary monetary policy objectives of the People's Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China's central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People's Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party (CCP) Committee Secretary, nominated by the Chairman of the State Council, has a key influence on the PBoC's management and direction, not the governor. However, Mr. Pan Gongsheng currently holds both of these posts. Yes, China has 19 private banks " a small fraction of the financial…...

33+ min ago (567+ words) The AUD/USD pair attracts some sellers for the fourth straight day on Tuesday and trades around the 0.6630 region, down just over 0.10%, during the Asian session. Against the backdrop of last Thursday's mixed Australian employment details, disappointing Chinese macro data released on Monday revied concerns about the health of the world's second largest economy. This, along with a weaker tone around the global equity markets, is seen weighing on the perceived riskier Australian Dollar (AUD) and the AUD/USD pair. However, the Reserve Bank of Australia's (RBA) hawkish stance limits deeper AUD losses. In fact, RBA Governor Michele Bullock said last week that it looks like more rate cuts are not needed and added that the Board discussed what they might have to do if rates need to go up. This, along with sustained US Dollar (USD) selling, offers support…...

34+ min ago (357+ words) New Delhi: India's inflation is likely to stay low in FY27, supported by well-stocked granaries, low oil prices, and other long-term factors that keep core inflation under control. According to a new report by HSBC Global Investment Research, these factors will help maintain price stability in the coming months. HSBC noted that while it does not expect the Reserve Bank of India (RBI) to cut the repo rate further, there is a possibility of easing if economic growth slows down. In November, the Consumer Price Index (CPI) inflation came in at 0.7 percent year-on-year, matching market expectations. On a month-on-month basis, prices rose 0.4 percent, but annual inflation remained low due to a high base effect from the previous year. Excluding gold, the headline CPI even showed deflation at -0.1 percent, compared to -0.6 percent previously. Food prices remained in deflation for the third consecutive…...