People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
Macau mutual fund will soon be offered to mainland China investors
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Trump is making an example of Colombia – unnamed White House source
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
USD up, equity indexes down as Trump kicks off trade war with tariffs
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Economic calendar in Asia – Monday, January 27, 2025 – China PMIs for January
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Colombian president orders increase of import tariffs on US goods
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
On Sunday China announced new measures to boost equity index investment products
In a weekend announcement China is promoting index investments to boost the struggling stock market amid the country's economic challenges. The China Securities Regulatory Commission posted a statement on its website on Sunday. In brief:CSRC aims for a significant...
Trade ideas thread – Monday, 27 January, insightful charts, technical analysis, ideas
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
AUD traders heads up – it’s a market holiday in Australia today
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
UK’s fin min Reeves to release corporate pension funds to help investment fuel growth
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Trump slams Colombia with tariffs after it turns back migrant deportation planes
Trump has announced tariffs and sanctions against Colombia after it refused U.S. military deportation flights carrying migrants.Trump claims that Colombia’s refusal jeopardizes U.S. national security and violates legal obligations on migrant deportations.Trump hit...
Monday morning open levels – indicative forex prices – 27 January 2025
As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online ... prices are liable to swing around, so take care out there.ps. It's an Australian holiday today, markets are closed, which will keep it thinner for...
Newsquawk Week Ahead: FOMC, ECB, BoC, US PCE, EZ GDP, Tokyo and Australian CPI
Mon: Chinese Industrial Profit (Dec), German Ifo (Jan), US New Home Sales (Dec)Tue: ECB BLS (Q1); US Durable Goods (Dec), Richmond Fed (Jan), Tech EarningsWed: FOMC, Riksbank, BoC & BCB Policy Announcements; Australian CPI (Dec), German GfK (Feb), EZ M3 (Dec)Thu:...
Tesla Stock Price Prediction 🐻
Tesla Stock Price Prediction: Bear Flag Formation Developing (See the 4 hour Chart Below)Tesla’s (TSLA) stock has been trading within a defined range recently, and the latest price action is printing a concerning technical pattern—a bear flag. Here’s a breakdown of...
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Will Chinese DeepSeek Disrupt NVIDIA?
The global AI race has taken an intriguing turn with the emergence of China's DeepSeek, touted by some as a potential disruptor to NVIDIA's dominance in the AI hardware space. As speculation swirls, stock investors, analysts, and thought leaders are left grappling...
Weekly Market Outlook (27-31 January)
UPCOMING EVENTS:Monday: China PMIs, German IFO.Tuesday: US Durable Goods Orders, US Consumer Confidence.Wednesday: Australia Q4 CPI, BoC Policy Decision, FOMC Policy Decision.Thursday: Eurozone GDP and Unemployment Rate, ECB Policy Decision, US Q4 GDP, US Jobless...
What are the technicals driving the major US currency pairs heading into the new week
EURUSD: The EURUSD stretched above a retracement (61.8% from the December high) /ceiling area today, increasing the bullish bias. That area came between 1.0448 and 1.0461. That area will be a key barometer in the new trading week. You can read the commentary HERE and...
Trump Pump & Dump
Trump Coin (TRUMP/USDT): The Rise and Fall of a Meme CoinIn the unpredictable world of cryptocurrency, meme coins frequently make headlines with spectacular gains—followed by equally dramatic losses. Trump mentioned (see in video below) that the launch of his Meme...