Financial and Business News
Gold prices tend to come under pressure ahead of recessions, but then outperform other markets
As expected, on Wednesday, the Federal Reserve raised the Fed Funds rate by 50 basis
Data released on Thursday showed a larger-than-expected decline in retail sales during November. Analysts at
China’s November Retail Sales YoY, slumped 5.9% vs. 3.6% expected and -0.5% previous while the country’s Industrial
Retail Sales in the US fell at a stronger pace than expected in November. US
Initial Jobless Claims in the US decreased by 20,000 in the week ending December 10.
Industrial Production in the US continued to contract in November. US Dollar Index continues to
USD/JPY recovers from intraday low, bounces off three-day-old support line. Bearish MACD signals, one-week-old ascending
GBP/USD prints mild gains around weekly low to pare the biggest daily loss in 1.5
USD/CAD seesaws around intraday low after reversing from 1.5-month-old resistance line. Recovery from 100-SMA joins
