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China’s services PMI data due: What to expect & how its likely to impact equities and yuan

by Chafik RifkyForexLeave a Comment on China’s services PMI data due: What to expect & how its likely to impact equities and yuan


The Caixin/S&P Global China General Services PMI is scheduled for release today, January 6, 2025, at 01:45 UTC, which is January 5, 2045 US EST:

Over the past six months, the Caixin/S&P Global China General Services PMI has indicated consistent expansion in the services sector, with readings above 50.

However, there have been fluctuations, with significant slowdowns in September and November, reflecting challenges such as reduced demand and increased competition. Government stimulus measures in October provided a temporary boost, but sustainable growth remains a concern amid global economic uncertainty.

November 2024

  • PMI Reading: 51.5down from 52.0 in October.
  • Key Insights: The services sector experienced a slowdown in growth, with the expansion of new businesses, including exports, being facilitated. Despite this, companies continued to hire staff and business confidence reached a seven-month high. However, competition has led to a reduction in sales prices.

October 2024

  • PMI Reading: 52.0up from 50.3 in September.
  • Key Insights: This marked the fastest expansion in three months, supported by Beijing’s monetary stimulus and measures to support the property sector launched in September. New jobs rose slightly, and employment growth continued for the second month in a row. Overall confidence in the sector reached a five-month high.

September 2024

  • PMI Reading: 50.3down from 51.6 in August.
  • Key Insights: This is the lowest figure since September 2023, with new orders expanding at the slowest pace in almost a year, despite solid growth in export business. Employment has returned to growth, albeit marginally. Input prices rose, reaching the highest level in almost two and a half years, while product prices fell in an attempt to support sales. Business confidence weakened to the lowest level since March 2020.

August 2024

  • PMI Reading: 51.6down slightly from 51.8 in July.
  • Key Insights: The services sector continued to expand, albeit at a slightly slower pace. New business growth remained stable, with a modest increase in export orders. The level of employment was stable, and the inflation of input costs was moderate.

July 2024

  • PMI Reading: 51.8from 51.5 in June.
  • Key Insights: There was a slight acceleration in the growth of service activities, with an improvement in new business and export orders. Employment saw a modest increase, and input costs continued to rise, albeit at a controlled rate.

June 2024

  • PMI Reading: 51.5which is down from 52.1 in May.
  • Key Insights: The services sector experienced a modest slowdown in growth, with new business expansion easing. Employment remained stable and input cost inflation showed signs of easing.

***

How is the release and trade tracking likely to be affected?

In general, PMI readings above 50 and rising:

  • The improved services PMI suggests strong economic activity, potentially boosting investor confidence and should lead to, at the margin, stock market gains, particularly in sectors such as retail, hospitality and financials.
  • A strong PMI should also, at the margin, attract foreign investment and therefore increase demand for the yuan, leading to an appreciation of the currency.

On the other hand, a PMI reading below 50 /decreases

  • it is likely to raise concerns about an economic slowdown, which could result in a fall in the stock market, especially in service-oriented sectors.
  • may deter foreign investment, reducing demand for the yuan, causing depreciation.

As always, the degree of market reaction depends on how the actual PMI data compares to market expectations:

  • Better than expected should, again on the margin, lead to higher prices on the stock markets and appreciation of the RMB
  • The worse-than-expected data should lead to a fall in the stock market and a depreciation of the RMB.

As an aside, assessing market response versus what it should it happens if it is usually a decent guide to market positioning and can present decent trading opportunities.

Additional considerations, and they should not be dismissed:

  • Recent stimulus measures or regulatory changes may amplify or moderate the impact of PMI data.
  • Global economic conditions: External factors, such as global demand and trade relations, also influence market reactions.

And, as always, and again, these warnings should not be dismissed:

  • Traders should consider PMI numbers along with other economic indicators and market conditions for a comprehensive analysis.
  • Financial markets are influenced by several factors; past performance does not guarantee future results.



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TikTok 38.1.1 APK Download by TikTok Pte. Ltd.

by Chafik RifkyApps and GamesLeave a Comment on TikTok 38.1.1 APK Download by TikTok Pte. Ltd.


TikTok is the destination for mobile videos. On TikTok, short-form videos are exciting, energetic, and authentic. Whether you’re a sports fanatic, a pet lover, or just looking for a laugh, there’s something for everyone on TikTok. All you have to do is watch, join what you like, skip what you don’t, and you’ll find an endless stream of short videos that feel personal to you. From your morning coffee to your afternoon chores, TikTok has videos guaranteed to make your day.

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Economic calendar in Asia Monday, January 6, 2025, services PMI from China due

by Chafik RifkyForexLeave a Comment on Economic calendar in Asia Monday, January 6, 2025, services PMI from China due


The most interesting item in the data calendar is the Caixin service PMI from China, for December 2024.

We had official PMIs from China last week, where services showed significant improvement:

  • China Official Dec Manufacturing PMI 50.1 (exp 50.3) Services 52.2 (exp 50.2)
  • China’s Official National Bureau of Statistics (NBS) December 2024 PMI – Why the Long Face?

We also had the Caixin manufacturing PMI:

Today it is the PMI service from Caixin/S&P Global. I suspect it will improve from November. It is also a consensus. It is, of course, a completely different indicator compared to the official PMI services. I’ve provided a brief overview of the differences further down in the post if you’re interested.

  • This snapshot from the ForexLive calendar of economic data, access it here.
  • Times in the far left column are GMT.
  • The numbers in the far right column are the ‘previous’ (previous month/quarter as the case may be) result. The number in the column next to it, where the number is, is the expected consensus median.

***

Key differences between the official PMI service from China and the Caixin/S&P Global services PMI:

1. Compilation organizations

  • Official services of PMI: Compiled by the National Bureau of Statistics (NBS) of China in cooperation with the China Federation of Logistics and Procurement (CFLP). It is part of the broader official PMI data, which includes manufacturing and non-manufacturing (services + construction) PMIs.
  • Caixin/S&P Global Services PMI: Compiled by S&P Global based on a survey of private sector companies, sponsored by Caixin Media.

2. Target respondents

  • Official PMI: Examines a larger sample size with a focus on state-owned enterprises (SOEs) and large companies. It reflects the performance of the wider economy, often influenced by the government.
  • Caixin PMI: Focuses more on small and medium enterprises (SMEs) and private companies. It is considered a better indicator of the health of the private sector.

3. Methodology

Both indices use similar methodologies based on diffusion indices, where readings above 50 indicate expansion and below 50 indicate contraction. however:

  • The Official PMI it has a broader scope because it includes construction activity in its non-manufacturing PMI.
  • The Caixin PMI is more narrowly focused on the activity of the pure service sector.

4. Economic representation

  • Official PMI: Often shows the trends they influence government policyinfrastructure projects and public sector activities. It may appear more stable due to the dominance of large, established firms.
  • Caixin PMI: Reflects more dynamically private economywhich makes it potentially more unstable, but also more sensitive to changes in the business environment.

5. Time of release

  • Official PMI: Published monthly, usually on the last day of the month for data for the previous month.
  • Caixin PMI: Typically, published soon after in the first week of the following month.



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Cxxdroid – C/C++ compiler IDE 5.42 APK Download by Lider Soft KZ

by Chafik RifkyApps and GamesLeave a Comment on Cxxdroid – C/C++ compiler IDE 5.42 APK Download by Lider Soft KZ


Cxxdroid is the easiest to use educational C and C++ IDE for Android.

Features:
– Offline C/C++ compiler: no Internet is required to run C/C++ programs.
– Package manager and a custom repository with prebuilt packages for common libraries, such as Boost, SQLite, ncurses, libcurl, etc.
– Graphics libraries such as SDL2, SFML* and Allegro* are also available.
– Examples available out of the box for easier learning.
– Fully featured Terminal Emulator.
– C/C++ interpreter mode (REPL) based on CERN Cling is also available.
– Outstanding performance with advanced compiler caching technology: up to 33 times faster when using the Boost library, 3x average speed.
– Clean and mature architecture: now the code is analyzed and compiled by the same compiler, and the IDE doesn’t completely crash due to runtime errors in your programs 🙂
– The UI is designed with speed and usability in mind: forget about obscure shortcuts or touch button combinations needed just to run your program.
– Real compiler: no Java (or even Javascript) based interpreters are involved, even inline assembler language is supported (Clang syntax).

Editor features:
– Real-time code prediction, auto indentation and code analysis like any real IDE. *
– Expanded keyboard bar with all the symbols you need to program in C++.
– Emphasis on syntax and themes.
– Tabs.
– One click share on Pastebin.

* Features marked with an asterisk are available in the Premium version only.

Important notice: Cxxdroid requires at least 150MB of free internal memory. 200MB+ is recommended. Plus if you’re using heavy libraries like Boost.

Participate in the development of Cxxdroid by reporting bugs or providing feature requests to us. We appreciate that.
The list of features that are not yet available, but we are working to add them:
– Debugger

As the main purpose of Cxxdroid is to help the user learn the C++ programming language, our first priority is to port the common libraries, note that when we are asked to add a library .

Legal information.
Busybox and GNU ld in Cxxdroid APK are licensed under (L)GPL, email us for source code.
Cxxdroid bundled clang has some important changes, but the source of this fork is currently closed. We do not allow any reuse of this (or other proprietary) part of Cxxdroid in any other products and will consider it a copyright violation. Binaries compiled with Cxxdroid may also be subject to these restrictions if they are linked to our proprietary libraries.
The samples available in the application are free for educational use with one exception: they, or their derivative works, cannot be used in any competing products (in any way). If you are not sure, whether your app is affected by this restriction, always ask for a permission by email.
Android is a trademark of Google Inc.



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Fed’s Daly spoke on Sunday but had no pertinent remarks on the economy nor monetary policy

by Chafik RifkyForexLeave a Comment on Fed’s Daly spoke on Sunday but had no pertinent remarks on the economy nor monetary policy


If you were waiting for comments from San Francisco Federal Reserve Bank President Mary Daly, no. No comments on economics and politics.

Daly spoke alongside Kugler earlier, with a few notes of interest to ICYMI:

I’m sure she, and the other Fed speakers, will more than make up for it in the days, weeks and months ahead this year!

Mary Daly SF Fed President



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Tips for Starting a Successful Side Business in 2025, According to Experts

by Chafik RifkyNewsLeave a Comment on Tips for Starting a Successful Side Business in 2025, According to Experts


Part-time workers put a significant amount of extra money into their wallets in 2024. They earned an average of $891 per month, according to a June 2024 Bankrate survey of 2,332 U.S. adults. Some brought in between $1,000 and $2,000 a month.

If you’re one of the many people looking to create another source of income in 2025, there are a few things you can do first to be successful, says Angelique Rewers, CEO of small business consulting firm BoldHaus.

Here’s what she recommends.

Organize the tools for your hustle

“First, make sure you’re organized,” says Rewers.

“You should have your own bank account,” she says. “You should have your own credit card. You should make sure your accountant knows what you’re doing.” You can create Excel spreadsheets to keep records of your clients – whatever it takes to keep your outside money-making activities in order.

If your gig is successful and you haven’t developed the tools to do it, “you lose control of the side hustle,” she says.

Make sure you keep track of your time.

Second, be aware of the commitment you are making. “Make sure you’re not only keeping track of your spending, but also your time,” says Rewers.

It’s easy to underestimate the number of hours you spend on your hustle and work overtime without getting paid for it. Maybe you told a client that a project would take five hours and then charged them for those five hours when, for example, it actually took ten hours.

But “a side hustle of something that’s really great can lead to a lot of resentment and no longer be worth the time,” says Rewers. So be realistic about how long it will take and charge accordingly.

“Pick up the phone and text people.”

Finally, make sure you let the people in your life know about your new gig.

For those in your personal life, like your family and friends, “pick up the phone, text people, send them voice notes, and let them know what you’re doing,” says Rewers. They could help you find clients or even hire you themselves.

Additionally, create posts or profiles on apps and platforms like “Nextdoor, Facebook Groups, Upwork, Fiverr, Reddit,” she says, to target your outside network and people you don’t know. She adds, “As long as it doesn’t compete with your full-time job, you can certainly talk about it on LinkedIn.”

Would you like to earn extra money alongside your job? Enroll in CNBC’s online course How to earn passive income online to learn more about common passive income sources, tips for getting started, and real-life success stories.

Also, log in CNBC Make It’s Newsletter Get tips and tricks for success in your career, with money and in life.

How I Make $4.8 Million a Year Selling Jewelry in NYC

Nova Video Player 6.3.16-20250105.1510 APK Download by Courville Software

by Chafik RifkyApps and GamesLeave a Comment on Nova Video Player 6.3.16-20250105.1510 APK Download by Courville Software


Nova is an open sOurce Video player designed for tablets, phones and AndroidTV devices. Available at github.com/nova-video-player/aos-AVP

Universal player:
– Play videos from your computer, server (FTP, SFTP, WebDAV), NAS (SMB, UPnP)
– Play videos from external USB storage
– Videos from all sources combined into a unified multimedia collection
– Automatic online retrieval of movie and TV show descriptions with posters and backdrops
– Integrated subtitle download

Best player:
– Hardware facilitates video decoding for most devices and video formats
– Multi-audio tracks and mutli-subtitles support
– Supported file formats: MKV, MP4, AVI, WMV, FLV, etc.
– Supported subtitle file types: SRT, SUB, ASS, SMI, etc.

TV Friendly:
– Dedicated “leanback” user interface for Android TV
– AC3/DTS passthrough (HDMI or S/PDIF) on supported hardware
– 3D support with side-by-side and top-bottom playback formats for 3D TVs
– Audio Boost mode to increase the volume level
– Night Mode to dynamically adjust the volume level

Browse the way you want:
– Instant access to recently added and recently played videos
– Browse movies by name, genre, year, duration, rating
– Browse TV shows by seasons
– Folder browsing is supported

And more:
– Multi-device network video resume
– NFO metadata processing for descriptions and posters
– Scheduled scanning of your network content (Leanback UI only)
– Private mode: temporarily disable recording of playback history
– Manual adjustment of subtitles synchronization
– Manually adjust audio/video synchronization
– Track what your collection is and what you’ve watched through Trakt

Please note that in order for the application to display and play content, you must have local video files on your device or add others by indexing network shares.

If you have an issue or request about this app, please check our Reddit support community at this address: www.reddit.com/r/NovaVideoPlayer

If you experience any issues with video hardware decoding you can force software decoding in application preferences.

You are welcome to contribute to the translation of the application crowdin.com/project/nova-video-player

NOVA stands for openN sOurce Video player.



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Weekly Forex Forecast – 05/01: (Charts)

by Chafik RifkyForexLeave a Comment on Weekly Forex Forecast – 05/01: (Charts)


Fundamental analysis and market sentiment

I wrote on the 29thth December that the best trading opportunities for this week were probably:

A weekly loss of 0.79% equals 0.26% per asset.

Last week the market was more active as the Christmas holidays came to an end; a few key takeaways were:

  1. The US ISM Manufacturing PMI was better than expected, indicating that the US economy is still on the move.
  2. US Jobless Claims – A Bit Better Than Expected.
  3. Chinese manufacturing PMI – slightly worse than expected.

Last week saw continued risk-off sentiment, with particular fears over President-elect Trump’s recent tariff threats and slowing growth data in many G20 countries. However, at the end of last week there was a recovery in risk sentiment. However, two members of the US Fed made sharp comments over the weekend that inflation was not yet under control, which could boost the US dollar and weaken US stocks when markets open on Monday.

The British pound and the euro are extremely weak in the forex market, while the US dollar and the Japanese yen are strong.

There was little high-impact data last week, but there will be more this week, so markets are likely to be much more active now that the seasonal break is over.

The week ahead: 6th – 10th January

The upcoming week has a much fuller schedule, so it is very likely that we will see increased market activity and volatility.

Important data for the coming week are:

  1. Average hourly earnings in the US
  2. Minutes of the US FOMC meeting
  3. US Non-Farm Payrolls
  4. US JOLTS Job Openings
  5. US ISM Services PMI
  6. German preliminary CPI (inflation)
  7. Australian CPI (Inflation)
  8. swiss cpi (inflation)
  9. US Unemployment Claims
  10. Unemployment rate in the US
  11. Canadian unemployment rate

Monday is a public holiday in Italy.

Monthly forecast for January 2025

Weekly Forex Forecast - 05/01: (Charts)

For the month of December, I predicted that the EUR/USD currency pair would fall in value. The final performance of my forecast was:

Weekly Forex Forecast - 05/01: (Charts)

For January, I predicted that the currency pair USD/JPY would rise in value and that the currency pair EUR/USD would fall in value

Weekly forecast 5th January 2025

I didn’t make any weekly forecasts last week because there were no unusually strong price movements in currency crosses, which is the basis of my trading strategy.

The Japanese yen was the strongest major currency, while the euro was the weakest. Volatility was much higher last week, with 30% of the most important Forex currency pairs and crosses changing value by more than 1%. It is likely to increase again this week.

You can trade these forecasts on a real or demo Forex broker account.

Key support/resistance levels for popular pairs

Weekly Forex Forecast - 05/01: (Charts)

Technical Analysis

US dollar index

Last week, the US dollar index reprinted a bullish candlestick that continued in a long-term bullish trend, breaking out bullish to achieve its highest close in over 2 years. The price is above the price of three and six months ago, suggesting a healthy long-term bullish trend in the dollar that should be exploited. The breakout was from the inside bar, suggesting momentum could be good. On the other hand, the weekly candlestick has a significant upper wick, indicating that the dollar has already given back some of its gains.

I have many fundamental reasons to be bullish on the US dollar after the Federal Reserve’s sharp hike three weeks ago surprised markets and triggered a rally in the dollar and a sharp sell-off in stocks, while US Treasury yields rose. Comments from two Fed members over the weekend that inflation is still not under control could also generate hawkish sentiment for the dollar and further lift the price, fueling bullish momentum here.

Overall, the dollar is more likely to rise than fall over the coming week. The price has room to rise at least to the next resistance level at 110.00.

Weekly Forex Forecast - 05/01: (Charts)

EUR/USD

The EUR/USD currency pair is in a valid long-term bearish trend. This currency pair usually takes time to move, with its trends usually involving plenty of deep pullbacks, but nearly three weeks after falling to a new long-term low well below $1.0400, the price has consolidated without definitively turning bearish.

This has changed over the past three weeks, and last week finally saw a further significant breakdown. The euro has weakened sharply, although it is not clear why. The price traded briefly below $1.0225, the lowest price in more than two years.

This currency pair often has very reliable trends, so I’m interested in going short, especially after last week’s crash, which is now trading in “blue skies”.

Weekly Forex Forecast - 05/01: (Charts)

USD/JPY

The USD/JPY currency pair did not rise last week, although the fact that the entire week was a public holiday in Japan is significant. However, worsening risk sentiment in global markets has prompted the Japanese yen to once again act as a safe haven, and in recent weeks we have seen Japanese monetary policy as a stronger price driver.

I still see this currency pair as a buy, as it tends to trend fairly reliably over the long term, but I have less confidence in this trend than in the bearish trend in EUR/USD as the price here is still well below the relatively recent peak.

Another factor that diminishes my confidence in the bullish trend is that the Bank of Japan will eventually start to implement a more hawkish monetary policy. When this finally actually starts to happen with the next Bank of Japan interest rate hike, it is very likely that the price will start to move downwards, so the trend is sensitive to politics.

Weekly Forex Forecast - 05/01: (Charts)

USD/CAD

Last week, the USD/CAD currency pair printed another bullish candlestick, closing near its high, but the price fell short of a new two-year high. A look at the weekly chart below shows that the bullish momentum here has been strong since October and the trend here has been stronger and clearer than any other trend in the forex market, which doesn’t happen often in this currency pair as the US and Canadian economies don’t have divergence tendency.

The story is really about US economic success and the Fed hawkishly lifting the dollar, while Canada is currently facing several problems, both financial and political, which are coming to a weaker Loonie.

This currency pair does not move very reliably, so I do not enter into long-term trades in it, but it looks very weak right now. All commodity currencies, except perhaps the Australian dollar, look very weak at the moment, so it might be an idea to use CAD and NZD together as the short component of any Forex trades you take this week, or at least part of the short component by creating a basket. For example, if you were short two lots of EUR/USD, you could also be long one lot of USD/CAD.

Of course, the beginning of January can cause strange and volatile price movements in the forex market that can break trends quickly, so keep an eye on that.

Weekly Forex Forecast - 05/01: (Charts)

NZD/USD

Last week, the NZD/USD currency pair printed its fifth consecutive bearish candlestick, closing not far from the lows. It closed at a new two-year low, a significant decline in any asset. However, the candlestick was small, indicating that momentum may have slowed, although it was a holiday week, so the market was slow.

This currency pair does not move very reliably, so I do not enter into long-term trades in it, but it looks very weak right now. The Aussie has rallied a bit, but I’ve been talking about the weakness of all commodity currencies, especially the Canadian dollar and the Kiwi, for several weeks now.

Weekly Forex Forecast - 05/01: (Charts)

Bottom line

I see the best trading opportunities this week as:

  • Short of the EUR/USD currency pair.
  • Long of the currency pair USD/JPY.

Ready to trade our weekly Forex forecast? Check out our list of the best Forex brokers.



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Threads 362.0.0.18.322 beta APK Download by Instagram

by Chafik RifkyApps and GamesLeave a Comment on Threads 362.0.0.18.322 beta APK Download by Instagram


Say more with Threads — Instagram’s text-based conversation app.

Threads are where communities come together to discuss everything from topics that concern you today to what will be trending tomorrow. Whatever your interests, you can follow and connect directly with your favorite creators and others who love the same things — or create a loyal following of your own to share your ideas, opinions and creativity in the world.

A few things you can do with Threads…

■ Access your Instagram followers
Your Instagram username and verification badge are provided for you. Automatically follow the same accounts you follow on Instagram in a few taps, and discover new accounts as well.

■ Share your point of view
Create a new thread to express what’s on your mind. This is your place to be yourself, and you control who can respond.

■ Connect with friends and your favorite creators
Jump into the answers to get in on the action and react to commentary, humor and insight from creators you know and love. Find your community and connect with people who care about whatever you’re passionate about.

■ Control the conversation
Customize your settings and use controls to manage who can see your content, reply to your threads, or discuss you. Accounts you’ve blocked will carry over from Instagram, and we’ve implemented the same Community Guidelines to help ensure everyone interacts safely and authentically.

■ Find ideas and inspiration
From TV recommendations to career advice, get answers to your questions or learn something new from people-sourced conversations, thought leaders and industry experts.

■ Never miss an opportunity
Stay on top of the latest trends and live events. Whether it’s about new music, movie premieres, sports, games, TV shows, fashion, or the latest product releases, search for discussions and receive notifications anytime the your favorite profiles start a new thread.

■ Jump into the fediverse
Threads are part of fediverse, a global, open, social network of independent servers operated by third parties around the world. Servers share information with each other to enable people to connect and discover new things across the fediverse.

Meta Terms: www.facebook.com/terms.php
Supplemental Thread Terms: help.instagram.com/769983657850450
Meta Privacy Policy: privacycenter.instagram.com/policy
Supplemental Threads Privacy Policy: help.instagram.com/515230437301944
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Consumer Health Privacy Policy: privacycenter.instagram.com/policies/health

Learn how we’re working to help keep our communities safe with Meta technologies in the Meta Safety Center: about.meta.com/actions/safety





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