Yuan drops below 7.2900 on PBoC moves, multi-year high US-China yield gap

Share: USD/CNH bounces off intraday low but defends week-start bearish move. 10-year yield gap between US and China jumps to the highest since 2007. Markets fear more China stimulus, further downside for Yuan amid economic pessimism. US Dollar’s preparations for Jackson Hole Symposium allow USD/CNH to pare recent gains. USD/CNH rebounds from a

Currency Power Meter MT4 Indicator

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No Respite for Aussie after Reserved China Rate Cut

AUD/USD ANALYSIS & TALKING POINTS Lack of Chinese stimulus weighs on Aussie dollar. RBA’s higher for longer > Federal Reserve. Turnaround or continuation for AUD/USD? Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar is trading at extreme levels this Monday as the PBoC decided to modestly reduce

Morning JGB trade sees the yield on the 10-year rise to 0.655%

The soft tweak to monetary policy at its previous meeting saw the bank allow the 10 year to rise above its previous 0.5% cap. The new line in the sand is 1%. We are not close to that. Yet. USD/JPY is not far from its recent high, no jawboning from Japan as yet either. What

AUD/USD Downtrend Pauses at Key Support

Australian Dollar, AUD/USD, Moving Averages – Technical Update: Australian Dollar on course for worst month since February AUD/USD trend remains bearish, but key support reinforced What are key levels to watch in the coming 24 – 48 hours? Recommended by Daniel Dubrovsky Get Your Free AUD Forecast At -4.5%, the Australian Dollar is on course

Open Neuron manual – Other – 21 August 2023

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GBP/USD rebounds on risk appetite improvement, BoE’s rate hike expectations

Share: GBP/USD rises 0.22% as market sentiment remains upbeat, with NVIDIA earnings and BoE rate hike prospects in focus. Interest rate differential between the US and UK narrows, potentially pushing GBP/USD towards the YTD high of 1.3147. Technicals indicate resistance at the 50-DMA of 1.2791; a breach could target 1.2995, while support lies

Elliott Wave Count MT4 Indicator

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