News is here: People’s Bank of China to cut FX RRR from 6% to 4% from September 15 More in that post but the effect, in brief, is a supportive move for the yuan. CNH, AUD, NZD and yen all caught a bid. This article was written by Eamonn Sheridan at www.forexlive.com. لینک منبع :
Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold prices remain higher compared to mid-August Retail traders continued boosting downside exposure Will XAU/USD clear a key technical intersection? Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices remain over 3 percent higher compared to the middle of August. Since then, retail traders
EUR/USD news and Analysis Mixed EU Inflation and Cautious ECB Tone add to Downside Risks The euro sold off on Thursday after markets chose to pay close attention to the more encouraging core inflation print for the Euro area, as opposed to the slight move higher on headline readings. Core inflation printed at 5.3%, in
© Reuters. FILE PHOTO: Representations of cryptocurrency Bitcoin are placed on a PC motherboard, in this illustration taken June 16, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – dropped 4.91% to $25,957 at 21:45 GMT on Thursday, losing $1,341 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 18.4% from the year’s high
Share: US PCE inflation aligns with estimates but shows an uptick, while Initial Jobless Claims come in lower than expected, adding complexity to the Fed’s rate decision. ECB board member Isabel Schnabel reignites stagflation fears but doesn’t rule out more rate hikes; EU inflation data mixed, with core HICP falling to 5.3% YoY.
GOLD PRICE (XAU/USD) FORECAST Gold prices stall after encountering trendline resistance near $1,950 ahead of a high-impact event on Friday: the release of the latest U.S. jobs report Total nonfarm payrolls for August are forecast to have risen by 170,000, following July’s 187,000 increase This article looks at XAU/USD’s key technical levels to watch in
Asian stock markets traded mixed overnight, with mainland China bourses underperforming. Chinese manufacturing contracted in August for a 5th straight month, while Chinese property stocks fell after Country Garden, once the country’s largest developer by sales, reported record losses and China Vanke cancelled a share placement. China’s property sector is dealing with a renewed liquidity
Thursday evening news from China: China’s Industrial Bank says it’ll cut its yuan deposit rates by 10-25 basis points, effective from Friday, 1 September 2023. one-year deposit rate will be cut by 10 bps to 1.75% two-year deposit rate will be cut by 20 bps to 2.00% three- and five-year rates will be cut by
NFP TALKING POINTS AND ANALYSIS Will NFPs defy prior jobs data once again? NFP’s to set the tone for September. Risk for upside surprise could tank SPX & establish USD. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter US FUNDAMENTAL BACKDROP
© Reuters. FILE PHOTO: U.S. Dollar and Chinese Yuan banknotes are seen in this illustration taken January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo SHANGHAI/SINGAPORE (Reuters) – Chinese exporters are using a complicated currency swap strategy to avoid converting their dollar earnings into yuan for fear of losing out on potential gains in the U.S. currency, official
