There isn't much on the data docket to kick things off in the new week in European trading later. The dollar is trading more mixed on the day, with USD/JPY having earlier touched a low of 148.90 before holding around 149.15 currently - still down 0.2%. But commodity...
Gold looks to seal a technical break higher in trading today
Gold (XAU/USD) daily chartThis is a chart that is acting up as a bit of a surprise today. The overall market mood is quieter but gold is surreptitiously angling for a technical break higher in a push above the $2,000 mark. The precious metal is now trading to $2,012...
AUD/USD continues to contest key resistance to start the new week
AUD/USD daily chartThe pair is trading little changed on the day now, although the high earlier did touch 0.6595 before backing down to 0.6570 levels at the moment. The run up earlier is facing a bit of stiff resistance at the 200-day moving average (blue line) at...
China president Xi set for first visit to Shanghai in two years
The visit will start tomorrow where it is being reported that Xi will be meeting with the Shanghai Futures Exchange and some technology companies. With China's economy still on the recovery path in Q4, it's a sign of the times as Xi is trying to send a message to the...
Beijing exchange suspends share reduction by major shareholders of listed companies
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,...
ForexLive Asia-Pacific FX news wrap: USD/JPY falls back under 149.00
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,...
ICYMI – Top Chinese ship finance leader detained for investigation – COSCO chairman
ICYMI - Liu Chong, chairman of Shanghai and Hong Kong listed Cosco Shipping Development Co. Ltd., has been detained by authorities for investigation.Chinese media had the report over the weekend. Details are sparse:COSCO Shipping Development, the finance and leasing...
RBA Governor Bullock to speak on “Inflation, Financial Stability and Employment” Tuesday
Reserve Bank of Australia Governor Bullock will be speaking on Tuesday, 28 November 2023 as part of a panel on "Inflation, Financial Stability and Employment".From 9.18 am Hong Kong time, which is 0118 GMT and 2018 US Eastern time Monday)The venue is the Hong Kong...
Surge in Japan wholesale services inflation driven by a tight job market, inbound tourism
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,...
Bank of England’s Andrew Hauser appointed as Deputy Governor of Reserve Bank of Australia
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,...
China’s Health Ministry says the surge in respiratory illnesses not a novel virus
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Boosting financial support for private firms: the People’s Bank of China takes action
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/JPY on approach to 149.00 again
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,...
China Industrial profits for October YTD -7.8% (prior -9.0%)
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PBOC sets USD/ CNY reference rate for today at 7.1159 (vs. estimate at 7.1461)
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,...
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US yields are opening the week higher, supporting the US dollar, weighing on ‘risk’
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,...
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PBOC is expected to set the USD/CNY reference rate at 7.1461 – Reuters estimate
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...