January 03, 2025 at 03:32PM The USDCHF is lower on the day and testing a swing area going back to April and June 2024 between 0.9086 and 0.90978. If the sellers are to keep pushing, getting and staying below the high of that swing area (up to 0.9100 level) is…
January 03, 2025 at 02:19PM The USDCAD moved lower during the Asia-Pacific session, breaking below the 100-hour and 200-hour moving averages, which are positioned between 1.4389 and 1.4386. The decline reached a low of 1.43824 but lacked momentum to push further downward. In the early European session, the price started…
January 03, 2025 at 07:28AM With Trump continuing to threaten tariffs, one can reasonably expect the yuan to be China’s first line of defense against that. From last month: Is this Beijing’s first line of defense against Trump? China is considering to allow the yuan to weaken next year as…
January 03, 2025 at 01:15AM Earlier from the Bank, signalling the likelihood of interest rate cut or cuts this year: PBOC says interest rate cuts are likely in 2025 “at an appropriate time” More: RBC forecasts a much weaker yuan in 2025, project USD/CNY to 7.55 by year end ***…
January 03, 2025 at 12:28AM Earlier from the Bank, signalling the likelihood of interest rate cut or cuts this year: PBOC says interest rate cuts are likely in 2025 “at an appropriate time” *** People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of…
January 02, 2025 at 11:57PM RBC projects the USD/CNY exchange rate to rise to 7.55 by year-end. Analysts at the bank cite: weak economic prospects for China, the economy remains burdened by the real estate slump and sluggish consumer spending, with no clear resolution in sight for these issues the…
January 02, 2025 at 07:40AM Today’s Trading Compass for Euro Forex Futures (6E) Euro forex (FX) futures allow traders to speculate on the price changes in the EUR/USD exchange rate. Unlike the decentralized forex cash market, futures trading offers a regulated, centralized environment, reducing counterparty risks. Together with the USD…
January 02, 2025 at 01:15AM 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 within a…
January 02, 2025 at 12:24AM 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…
January 02, 2025 at 12:00AM Japanese markets are closed today and tomorrow (Thursday and Friday). There is no fresh news nor data out of Japan, but USD/JPY has moved a little higher, back above 157.70. Meanwhile, on Globex, S&P 500 futures opened with a gap higher after the Wednesday holiday…
