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,...
PBoC injects 300 billion yuan via 7-day reverse repose
PBoC injects 300 billion Yuan via 7-day reverse reposSets 7-day reverse repo rate at 1.8% vs 1.8% prior This article was written by Arno V Venter at www.forexlive.com. MoneyMaker FX EA Trading Robot
USDCNH pops higher after weakest PBoC mid-point fix since Nov 2023
USDCNY has seen immediate upside following the weakest mid-point setting by the PBoC since November last year.We still have some ways to go before we get to 7.36-37 (which was the previous line in the sand where the PBoC stepped in to curb CNY weakness), but worth...
PBOC sets USD/ CNY reference rate for today at 7.1225 (vs. estimate at 7.2587)
Below is an extract from Eamonn’s handy posts regarding the midpoint setting, and here is some further explanation of what it is and how it works.The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore...
BofA expects a Dec rate cut from Fed
BofA expects the Fed to start cutting in December:Persistent Inflation: Inflation is expected to remain above the Fed's 2% target until 2026 due to strong labor demand and increased consumer spending.Gradual Rate Cuts: The Fed is expected to start easing rates in...
Australia consumer sentiment 1.7 vs -0.3 prior
Australia consumer sentiment 1.7 vs -0.3 prior This article was written by Arno V Venter at www.forexlive.com. MoneyMaker FX EA Trading Robot
PBOC is expected to set the USD/CNY reference rate at 7.2587
If you want a fantastic rundown of what the USD/CNY midpoint is look no further than the daily updates from Eamonn here. This article was written by Arno V Venter at www.forexlive.com. MoneyMaker FX EA Trading Robot
Japan to revise GDP (Jan-Mar) due to corrected construction orders data
Japan to revise Jan-Mar GDP to reflect corrected data on construction orders from Land MinistryJapan revised Jan-Mar GDP to be released at 2350 GMT on June 30, 8:50 a.m. Japan time on July 1 This article was written by Arno V Venter at www.forexlive.com. MoneyMaker FX...
Biden admin to investigate China Telecom, China Mobile and Chin Unicom
Biden administration investigating China Telecom, China Mobile, and China UnicomThe probe is focused on potential US national security risks from their US cloud business and internet infrastructure This article was written by Arno V Venter at www.forexlive.com....
Japan Services PPI 2.5 vs 2.8 prior
Japan Services PPI 2.5 vs 2.8 prior This article was written by Arno V Venter at www.forexlive.com. MoneyMaker FX EA Trading Robot
Downside potential in play for GBPNOK?
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 in talks to speak at bitcoin convention
bitcoin dailyUS Presidential hopeful Donald Trump is in talks to speak at Bitcoin 2024 in Nashville at the end of July, according to Axios.Margins are tight in the election and Trump is trying to court every vote he can."I will end Joe Biden's war on crypto," Trump...
Fed’s Daly: Must be thoughtful about not loosening too early or holding too long
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,...
Fed’s Daly: Bumpiness of inflation data so far this year has not inspired confidence
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,...
BOC’s Macklem: Increasingly we look to be on our way to hitting inflation target
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,...
Nvidia extends decline to 5%, Nasdaq follows it lower
Everything considered, the market is holding up better than I thought it would. Nvidia is now down 15% from its all time high of 140.76 as it falls 5.5% today to 119.66.That high was only two trading days ago on Thursday so it's been a sharp turnaround that started...
Macron’s poll numbers continue to sink
Tonight's tracking poll from Le Figaro paints a worsening picture for Emmanuel Macron's centralist alliance as voters split left and right. The far right now has 36% of the vote and the left popular front is up to 29.5%. Macron's camp has lost 1.5% since the pol on...
Taking Stock: S&P 500 Quarterly Performance and Market Breadth Observations
S&P 500 AnalysisS&P 500 sector performance thins out – major advances seen in handful of sectorsPopular measure of market breadth has dropped slightly but raises no alarm bellsS&P 500 to retest last week’s Psychological BarrierThe analysis in this article...
Video: I haven’t been this bearish since just before covid
Earlier today I had a great chat with Dale Pinkert from Forex Analytix Highlights:Early look?What Bitcoin and cyclicals are telling us about the economy.Canadian Dollar Outlook:Why I’m bearish and worried about the long termAI and Technology:What will be the scale of...
European equity close: French stocks reach 11-day high
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,...