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 system that allows the value of the yuan to fluctuate […]
Share: Japan’s top currency diplomat Masato Kanda said early Tuesday that he is communicating with various countries including the US over currencies, per Reuters. It’s worth noting that Japan Chief Cabinet Secretary Hirokazu Matsuno and Finance Minister (FinMin) Shunichi Suzuki have also recently flagged concerns about the Asian major’s market intervention as the […]
US Dollar, Chinese Yuan, USD/CNH – Q3 Top Trade Opportunity The US Dollar may rise against the Yuan in Q3 Global GDP at risk, pressuring Chinese exports USD/CNH 7.49 – 7.96 is in focus from model Recommended by Daniel Dubrovsky Find this and other top trading opportunities for Q3 US Dollar May Continue Higher Against […]
Recommended by Diego Colman Get Your Free Equities Forecast The S&P 500 has recovered significantly in 2023, up more than 13% year-to-date, driven by the tech sector’s phenomenal bullish momentum on the back of optimism and speculation that the advent of “artificial intelligence” will boost productivity and, ultimately, revenues. For much of the 2023 rally, […]
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© Reuters. FILE PHOTO: A woman counts Japanese 10,000 yen notes in Tokyo, in this February 28, 2013 picture illustration. REUTERS/Shohei Miyano/Illustration/File Photo By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) -The dollar was little changed on Monday against a basket of major trading currencies and gained against a yen that’s under intervention watch […]
Major European indices are closing mixed. The German DAX, France’s CAC, and UK’s FTSE 100 gave up most of their gains and are trading near session lows. Spain’s Ibex and Italy’s FTSE MIB are closing higher. The final numbers are showing: German DAX, -0.47% at 16072.47. The high price reached 16209.29. The low price was […]
“Stocks did well last week, when they closed at the highs, despite hawkish Powell” Trading, analyzing the market and catching up the right trend might Source link
GBP/USD PRICE, CHARTS AND ANALYSIS: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter READ MORE: Bitcoin Q3 Fundamental Forecast: Still Standing After Regulatory Woes and Higher Rates GBP/USD faced selling pressure following the European open as momentum for a deeper pullback […]
EURUSD PRICE, CHARTS AND ANALYSIS: • EUR/USD slipped back on Monday • Eurozone PMI numbers remained weak, with Germany’s manufacturing sector especially so • US data are up next, in what’s likely to be a holiday-thinned US trading day Recommended by David Cottle DOWNLOAD THE NEWLY RELEASED Q3 EURO FORECAST The Euro started a new […]
Listen to the audio episode: The Story of Profitable Prop Firm Trader – Dave Hale In episode 409 of the Desire To Trade Podcast, we will be listening to the recording of an interview with the legendary day trader Dave Hale as he shares his story as a profitable prop firm trader. Get the best […]
© Reuters. Investing.com – The U.S. dollar edged higher in early European trade Monday, partially recovering after Friday’s losses in the wake of softer-than-expected inflation data as a holiday-shortened week gets underway. At 02:55 ET (06:55 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 102.75, […]
