China will guard against yuan overshooting risks

© Reuters. Paramilitary police officers stand guard in front of the headquarters of the People’s Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo BEIJING (Reuters) – China will resolutely guard against overshooting risks of the yuan exchange rate, People’s Bank of China (PBOC) Governor Pan Gongsheng said,

Gold price flat-lines as traders keenly await Fed Chair Jerome Powell’s speech

Gold price oscillates in a narrow range amid the uncertainty over the Fed’s rate-hike path. Declining US bond yields caps the recent USD recovery and lends support to the XAU/USD. Traders now await Fed Chair Jerome Powell’s speech before placing fresh directional bets. Gold price (XAU/USD) struggles to capitalize on the overnight bounce from the

Forex Trend Scanner MT4 Indicator

In the world of forex trading, staying ahead of the curve is paramount. Traders constantly seek tools and indicators that can provide them with a competitive edge. One such tool that has gained prominence in recent times is the Forex Trend Scanner MT4 Indicator. In this article, we will delve into the intricacies of this

GBP/USD Slumps Back Below 1.2300 on Dovish BoE Rate Talk

GBP/USD Analysis and Charts Dovish BoE chatter sending UK bond yields sharply lower. Three 25 basis point rate cuts next year are now being priced in. The BoE’s chief economist Huw Pill said last night that UK inflation is likely to fall sharply in the coming months and that current market pricing of interest rate

EUR/USD Defies Support After Pullback, USD/JPY Stands Tall

EUR/USD AND USD/JPY FORECAST EUR/USD slides and tests an important technical support in the 1.0695/1.0670 area USD/JPY extends its recovery for the second straight day, coming within striking distance from overtaking overhead resistance This article analyzes key price levels to watch in the coming trading sessions Trade Smarter – Sign up for the DailyFX Newsletter

US finds no major trade partners manipulated currencies By Reuters

© Reuters. FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023.  REUTERS/Kevin Lamarque/File Photo By David Lawder WASHINGTON (Reuters) – The U.S. Treasury on Tuesday said no major trading partners appeared to be manipulating their currencies, but it put Vietnam

The Fed is fighting real inflation this time – Nordea

Share: Researchers from Nordea are out with a note highlighting that the Fed’s (and other central banks’) fight with inflation will remain an ongoing task for longer than most might be expecting, with Nordea currently anticipating a lack of any rate cuts until well into 2025. Major forecasts: Firmly on hold The central