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USD/INR: Buyers flirt with multi-week top ahead of India WPI

USD/INR seesaws around 10-week high as Indian markets open on Thursday. Trade/geopolitical tension question the market’s risk tone ahead of the busy calendar. Indian WPI will trigger the catalyst flow that travels through Powell’s testimony and Fedspeak. Following initial uptick to the highest since September 04, USD/INR pulls back to 72.22, during Thursday’s pre-European session, …

US Dollar, Stocks Eye Powell Testimony as Trade Talks Stumble

US Dollar, Stock Markets, Fed Chairman Jerome Powell, US-China Trade War – TALKING POINTS US Dollar eyes Powell second Congressional testimony What were some of the key takeaways from his outlook? Stock markets cautiously eye shaky US-China trade talks Learn how to use politicalrisk analysis in your trading strategy! The US Dollar along with equity …

Hong Kong govt. cites school suspension to continue on Friday to Sunday

Following no respite from the protests started since Monday, Hong Kong Government (Govt.) recently announced the suspension of schools will stretch till Friday to Sunday. Bloomberg relied on RHTK news while releasing the story, citing the chaos, which reported severe injuries to old and young alike. Key quotes Two people remain in critical condition from …

Japan GDP Growth At 1-year Low

Japan’s economy grew at the slowest pace in a year in the third quarter as trade wars and a weaker global economy hurt exports and private consumption slowed. Gross domestic product grew an annualized 0.2 percent quarterly following a revised 1.8 percent expansion in the second quarter, figures from the Cabinet Office showed on Thursday. …

The Wall Street Journal: Xerox-HP merger is ‘a no-brainer,’ says Carl Ica…

Activist investor Carl Icahn is pushing for the proposed union of Xerox Holdings Corp. and HP Inc., arguing that a combination of the printer makers could yield big profits for investors. Icahn, who owns a 10.6% stake in Norwalk, Conn.-based Xerox XRX, +0.40%  , told The Wall Street Journal that he also owns a 4.24% …

NZD/USD Technical Analysis: Downbeat China data shifts focus to 50-day EM…

NZD/USD retraces RBNZ-led gains after China data disappoints Antipodeans. 100-day EMA, 38.2% Fibonacci retracement limits near-term upside. 0.6320 could follow 50-day EMA. Given the disappointment from China’s data-dump, NZD/USD extends pullback from near-term key resistance confluence as it trades around 0.6390, the intra-day low, while heading into the European open on Thursday. China’s October month …

South Korea Import Prices Fall For Fifth Month

South Korea’s import prices fell for the fifth month in a row in October, data from Bank of Korea showed on Thursday. Import prices declined 5.7 percent year-on-year in October, following a 2.0 percent fall in September. Export prices decreased 7.3 percent annually in October, following a 5.0 percent fall in the previous month. On …