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Estonia Retail Sales Growth Slows For Second Month





Estonia's retail sales growth eased for the second straight month in November, figures from Statistics Estonia showed Monday. The volume of retail sales excluding vehicles rose 6.0 percent year-over-year in November, slower than the 8.0 percent climb in the previous month. The latest rate of increase was the weakest since April this year, when it grew the same 6.0 percent. The annual sales growth in stores selling manufactured goods eased to 11.0 percent in November from 12.0 percent in October. Similarly, the retail sales growth in grocery stores moderated significantly to 1.0 percent in November from 4.0 percent in the preceding month. The retail sales of automotive fuel alone surged 8.0 percent in November from a year ago. On a monthly basis, retail sales fell 6.0 percent in November, reversing a 5.0 percent gain in the prior month. On a seasonally and working-day-adjusted basis, retail sales dropped 1.0 percent.


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US Dollar Exchange Rate Strength To Endure
http://www.exchangerates.org.uk/news...p-inr-eur.html

Chinese shares open lower as regulator seeks to reassure traders





Chinese stocks opened lower as the regulator sought to soothe investors following Monday's plunge ignited a trading halt in the country's equities, futures, and options. The CSI 300 dropped around 2.7% before alleviating declines. Meanwhile, the MSCI Asia-Pacific Index erased 0.3 to 128.46. Japan's Topix fell 0.4%. Futures on Hong Kong's Hang Seng Index wiped out 0.4%, while South Korea's Kospi rose 0.1%.


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CEOs And Over 1,500 Startup Founders To Join Modi For 'Startup India Movement





CEOs and founders of over 1,500 startups from across the country are expected to attend the 'Start Up India' launch on January 16 where Prime Minister Narendra Modi will unveil the government's action plan for encouraging budding entrepreneurs and developing a conducive start-up ecosystem in the country. The event shall be a non-stop day long global workshop on start-up entrepreneurship and shall include panel discussions on topics such as "Unleashing Entrepreneurship and Innovation: What do Indian Startups Need to Grow and Prosper", "Celebrating Women: Stories of Innovative Women Entrepreneurs", "How digitization will change India's future", "Making Indian Healthcare Leapfrog" and "Financial inclusion is within reach". The panel discussion on "Show Me the Money: How do we Capitalize Entrepreneurship?" shall be chaired by Minister of State for Finance Jayant Sinha. A unique Question and Answer (Q&A) session titled "Face-to-face with Policy makers" is also being organized wherein secretaries of key government ministries and departments will answer questions on how government will be creating an enabling ecosystem for start-ups. The objective is to reinforce commitment of the government towards creating an ecosystem that is conducive for growth of start-ups. The event shall also feature interactive talks with global leaders and venture capitalists such as Masayoshi Son (founder and CEO, Softbank), Travis Kalanick (founder, Uber) and Adam Nuemann (founder, WeWork). A delegation of over 40 top CEOs and founders of start-ups, venture capitalists and angel investors from Silicon Valley will be attending as special guests for the event and will be taking part in interactive Q&A sessions. Google shall be conducting an innovative session titled "Launchpad GoogleAccelerator" which will involve live pitches being made by early stage start-ups to potential investors. Nikesh Arora, President & Chief Operating Officer, Softbank shall be interacting with participants on aspects relating to start-up funding. A virtual exhibition is also being organized as part of the event to showcase some of the unique and innovative work done by start-ups in the country.


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Malaysia Exports Rise In November





Malaysia's exports increased in November from a year ago, figures from the Department of Statistics showed Thursday. Exports grew 6.3 percent year-over-year in November to MYR 67.6 billion. Shipments of electrical and electronics products, which contributed 34.2 percent to total exports, rose 0.6 percent in November. Exports of refined petroleum products surged 13.2 percent. Imports climbed 9.1 percent annually in November. The increase in imports was mainly attributed to consumption goods, intermediate goods and capital goods. On a monthly basis, exports plunged 10.8 percent in November and imports declined by 9.8 percent The visible trade surplus of the country came in at MYR 10.2 billion in November, which was lower by 6.9 percent and 15.9 percent respectively for the both yearly basis as well as monthly basis.


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China to face adversity in hitting 6.5% growth over 2016-2020





China will face great hardship in achieving economic growth above 6.5% between 2016 and 2020 due to sluggish global demand, escalating labor costs, and aggravating environmental concerns in the country. According to State Council's Development Research Centre President Li Wei, gross domestic product has recorded annual growth of approximately 10%. The 6.5% projection is not high, but it will be difficult to attain such pace of growth. China is scheduled to release fourth quarter and full-year GDP figures on January 19.


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Fxwirepro: Aud/jpy Extends Recovery from Multi-Year Lows, Good to Buy Dips





Poor Chinese inflation data released over the weekend raised concerns over China's ability to boost the economic growth, denting risk appetite and boosting yen. AUD/JPY hit a multi-year low of 80.88, levels not seen since Oct 2012, but was rejected at lows. The pair later rebounded higher towards 82 handle, on the back of strong pullback seen in the USD/JPY pair. Broader market sentiment will continue to dominate markets amidst a data-light economic calendar today. Strong resistance is seen at 81.95 levels, breaks above could take the pair to next hurdle at 82.95 (5-DMA) and then to 83.90 (Jan 8th highs). To the downside immediate support might be located 80.88 (Session lows Jan 11) below that at 79.50 (Oct 2012 Level). Recommendation: Good to buy dips around 81.50, SL: 80.90, TP: 82.95/83.90


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Latency or delay as known in computer networking, is the time interval for a process to present an outcome, the time delay between the cause and effect of a physical change within a system. In Forex Trading, latency indicates the time needed for the traders’ requests to get a response from the broker’s server. Latency is considerably important because it can have a huge impact on the price that traders pay in the markets, hence it is significant for latency to be at lowest when making a trade. Traders can identify the range of latency in accordance with the trade that they are executing.

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Singapore bond market sees default despite unrecognized notes





Singapore's bond market may default for the second time following lenders said Pacific Andes Resources Development Ltd. has not recognized some obligations on S$200 million ($139 million) of notes. In a January 10 filing, the Hong Kong-based company said it received a letter from HSBC Holdings Plc, alleging it breached on the 2017 securities. Investors, under the bond's terms, can request full immediate repayment in the event the firm's shares are suspended. Since November 25, Pacific Andes has halted trading in the country.


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