Market Update – 21 August – PBOC disappoints, markets quiet

APAC stocks traded mixed as the disappointment from China’s decision on its Loan Prime Rates overshadowed its recent support efforts; Hong Kong underperformed. PBOC opted for a narrower-than-expected cut to the 1-year LPR alongside a surprise hold on the 5-year LPR, which is the reference rate for mortgages. PBOC and regulators met with bank executives

China News Ripples Around Global Markets

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Argentina’s markets keep wary eye on primary vote after 2019 crash By Reuters

© Reuters. A man wearing a face mask as a protective measure against the coronavirus disease (COVID-19) walks past the entrance of the Buenos Aires Stock Exchange, a day after midterm primary elections, in Buenos Aires, Argentina September 13, 2021. REUTERS/Agustin By Walter Bianchi and Jorge Otaola BUENOS AIRES (Reuters) – Argentine traders are keeping

Gold Price Outlook at Risk as Markets Embrace Tighter Fed for Longer After US CPI

Gold, XAU/USD, CPI, Trendline Breakout – Precious Metals Briefing: Gold prices sink in the aftermath of US inflation data Longer-term Treasury yields outpaced the front-end This will continue making life difficult for XAU/USD Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices weakened in the aftermath of US inflation data on Thursday, reversing

EUR/USD Gains; On-Target US CPI Has Markets Betting Rates Will Stay Put

EUR/USD Price, Chart, and Analysis EUR/USD topped 1.10 After Jul’s US Inflation Data Core CPI’s Deceleration Trend Remains In Place even as headline inflation ticked up Eurozone inflation expectations remain uncomfortably high Recommended by David Cottle How to Trade EUR/USD The Euro popped above its last ten days’ trading range against the United States Dollar