RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
China Vanke Hit with Fresh S&P Downgrade as Debt Concerns Intensify 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Japan’s Service Sector Sustains Growth Momentum in November 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
India’s IT Sector Faces Sharp 2025 Valuation Reset as Mid-Caps Outshine Large Players 
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K 
EUR/USD Smashes 1.1660 as ADP Jobs Massacre Crushes the Dollar 
US retail sales not only surprised to upside, June was revised higher.
- Headline sales rose by 0.6% in July from June. The data was much better, given June sales were revised upwards from -0.1% to +0.2%.
- Core sales that excludes auto grew by 0.4%, little shy of 0.5% anticipated, however that should be more than compensated by June revision.
Consumers seem to be warming up to better economic prospects and job gains.
Dollar is up against most currencies, however it seems to have failed to reignite itself against the majors, namely Euro, Pound, Franc and Yen.
All of them are down just marginally post release, which pose doubts over the bull's conviction.
FXCM US Dollar index, has broken below its recent range of 12060-11980 to the downside and traded as low as 11946.
Today it has moved within range, however somewhat failed reaction to better retail sales pose doubts over its strength.
