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People's bank of china sets usd/ cny reference rate today at 7.1987 (vs. estimate 7.2893)
21/08/2023 01:16

People's bank of china sets usd/ cny reference rate today at 7.1987 (vs. estimate 7.2893)

People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plu...

Pboc loan prime rates (lpr) cut: 1-year 3.45% (prior 3.55%) & 5 year 4.2% (prior 4.20%)
21/08/2023 01:15

Pboc loan prime rates (lpr) cut: 1-year 3.45% (prior 3.55%) & 5 year 4.2% (prior 4.20%)

A cut to the one-year rate of 10bp vs. 15 that was widely expected. And no cut to the 5 year rate at all. Thats a shock. ---Background to this is here...

Usd/cad consolidates above the 1.3500 area, canadian retail sales, jackson hole eyed
21/08/2023 01:14

Usd/cad consolidates above the 1.3500 area, canadian retail sales, jackson hole eyed

Market players will focus on the Canadian Retail Sales, Federal Reserve (Fed) Chairman Jerome Powell Speaks. Read Full Story at source (may require re...

Eurusd daily analysis – august 21, 2023
21/08/2023 01:10

Eurusd daily analysis – august 21, 2023

EURUSD has experienced a continued decline, starting from 1.1065 and reaching a low of 1.0844. The current trend indicates that the price is expected ...

Brent: china's weak economy & property debt implosion is weighing, but oil use holding up
21/08/2023 00:51

Brent: china's weak economy & property debt implosion is weighing, but oil use holding up

Chinese economic data has been disappointing. Last week we had:China July Industrial production +3.7% y/y (expected 4.5%) & Retail sales +2.5% (4.8%)A...

Xrp news: ripple’s forecast brightens as sec backs off security designation
21/08/2023 00:46

Xrp news: ripple’s forecast brightens as sec backs off security designation

The SEC’s unexpected acknowledgment: XRP, a non-security, reshapes the forecast for Ripple amidst lawsuit tensions. The post XRP News: Ripple’s Fo...

Gbp/usd: uk housing price, employment clues prod pound sterling bulls above 1.2700, focus on jackson hole
21/08/2023 00:44

Gbp/usd: uk housing price, employment clues prod pound sterling bulls above 1.2700, focus on jackson hole

GBP/USD remains sidelined after snapping four-week downtrend. UK Rightmove House Price Index, employment survey from Adjuna prods Cable buyers. Hawkis...

Automotive engineering services market shifts gears with tech demand: projected to be worth us$ 3.2 billion by 2033 | future market insights, inc.
21/08/2023 00:30

Automotive engineering services market shifts gears with tech demand: projected to be worth us$ 3.2 billion by 2033 | future market insights, inc.

The growth of the Automotive Engineering Services Market is being propelled by rising demand for technological solutions such as connectivity and coll...

Usd/chf gains momentum above the 0.8800 mark, eyes on the swiss trade data, fed’s powell
21/08/2023 00:29

Usd/chf gains momentum above the 0.8800 mark, eyes on the swiss trade data, fed’s powell

USD/CHF surges above the 0.8800 barrier, bolstered by the upbeat US economic data. The People’s Bank of China (PBOC) would arrange financial support...

Goldman sachs is not expecting a strong signal from federal reserve chair powell this week
21/08/2023 00:04

Goldman sachs is not expecting a strong signal from federal reserve chair powell this week

Federal Reserve Chair Powell is speaking later this week at the Kansas Fed's Jackson Hole symposium. Note for diary & preview - Powell to speak at 10 ...

Nzd/usd remains in a defensive mood above the 0.5900 mark following new zealand trade data
20/08/2023 23:44

Nzd/usd remains in a defensive mood above the 0.5900 mark following new zealand trade data

NZD/USD remains on the defensive near 0.5925, up 0.25 on the day. New Zealand Trade balance recorded a deficit of $15,810B in July YoY compared with a...

Gbp/usd: will reach the 1.2995 resistance level?
20/08/2023 23:44

Gbp/usd: will reach the 1.2995 resistance level?

An uptrend will start as soon, as the market rises above resistance level 1,2818, which will be followed by moving up to resistance level 1,2995. The ...

Eur/usd remains depressed below 1.0900, us/eu pmi, ecb’s lagarde and fed’s powell eyed
20/08/2023 23:44

Eur/usd remains depressed below 1.0900, us/eu pmi, ecb’s lagarde and fed’s powell eyed

EUR/USD stays defensive at the lowest level since early July after declining for five consecutive weeks. Mixed EU data, risk aversion joined challenge...

Mufg stays short eur/usd in its trade of the week - targeting a drop under 1.08
20/08/2023 23:30

Mufg stays short eur/usd in its trade of the week - targeting a drop under 1.08

This is via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premiu...

Jim cramer on how to navigate the august pullback in equities markets
20/08/2023 22:59

Jim cramer on how to navigate the august pullback in equities markets

It sure didn’t take long to forget the halcyon days of early summer, did it? We came into August with a full head of steam – and then we found our...

Bitcoin booms and crypto conundrums
20/08/2023 22:59

Bitcoin booms and crypto conundrums

A plethora of issues divide opinion in 2023, but there are few more polarising subjects than cryptocurrencies. Read Full Story The post Bitcoin booms ...

Could eur/usd drop to the 1.0635 level?
20/08/2023 22:59

Could eur/usd drop to the 1.0635 level?

An uptrend will start as soon, as the market rises above resistance level 1,0912, which will be followed by moving up to resistance level 1,1095. The ...

New zealand july exports dropped on the month while imports rose
20/08/2023 22:49

New zealand july exports dropped on the month while imports rose

New Zealand data for July of 2023.Exports 5.45bn NZDImports 6.56bn NZDNew Zealand dollar not a lot changed, down a few tics to around 0.5928 This arti...

Wall street journal fed insider timiraos expects higher fed 'neutral' rate ahead
20/08/2023 22:40

Wall street journal fed insider timiraos expects higher fed 'neutral' rate ahead

Nick Timiraos in the Wall Street Journal over the weekend says to expect higher rates ahead. Despite the Federal Reserve’s raising interest rates to...

Previewing the week ahead in financial markets. tl;dr version is nvda earnings vs. powell
20/08/2023 22:21

Previewing the week ahead in financial markets. tl;dr version is nvda earnings vs. powell

A couple of previews posted on ForexLive over the weekend of what's ahead:Weekly Market Outlook (21-25 August)Newsquawk week ahead: Jackson Hole, PBoC...

How bitcoin works
20/08/2023 22:14

How bitcoin works

Miners, hashes, keys, cold storage, blocks—it can all get confusing. Learn more about it all so that you can understand how Bitcoin works beyond a w...

Nzd/hkd technical analysis
20/08/2023 21:59

Nzd/hkd technical analysis

Get a NZD HKD forecast – strong Buy, Buy, strong Sell, Sell or Neutral signals and access a detailed NZD HKD technical analysis through moving avera...

Goldman sachs expect 15bp rate cuts from the people's bank of china today
20/08/2023 21:54

Goldman sachs expect 15bp rate cuts from the people's bank of china today

The People's Bank of China will be cutting loan prime rates today, from earlier:Economic calendar in Asia - People's Bank of China rate decision dueLa...

Icymi - japan to boost the minimum wage,
20/08/2023 21:22

Icymi - japan to boost the minimum wage, "largest increase" ever

The Bank of Japan is keen to see rising wages to help cement inflation at or above its 2% target. The latest data shows CPI well above 2%, and indeed ...

Icymi - nomura slashed their china gdp forecast for 2023 to 4.6% (from 5.1%)
20/08/2023 21:05

Icymi - nomura slashed their china gdp forecast for 2023 to 4.6% (from 5.1%)

Nomura revised its economic growth forecast for China this year to 4.6% from its previous projection at 5.1%Citing weak data for July (out last week) ...

Here is why bitcoin will continue having bad days
20/08/2023 20:59

Here is why bitcoin will continue having bad days

Bitcoin’s notorious volatility has resurfaced, much to the consternation of investors. This unpredictable behavior had taken a brief hiatus but retu...

Emmi reports good result for the first half of 2023
20/08/2023 20:45

Emmi reports good result for the first half of 2023

Emmi Management AG / Key word (s): Half Year Results Emmi reports good result for the first half of 2023 18-Aug-2023 / 07:00 CET/CEST Release of an ad...

Weekend - the pboc met with bank executives and told lenders, again, to boost loans
20/08/2023 20:38

Weekend - the pboc met with bank executives and told lenders, again, to boost loans

Representatives from the People's Bank of China and other Chinese financial market regulators met with bank executives over the weekend and instructed...

Economic calendar in asia - people's bank of china rate decision due
20/08/2023 20:33

Economic calendar in asia - people's bank of china rate decision due

I posted a heads-up to the PBOC decision last week. Its due around 0115 GMT, which is 9.15 pm US Eastern time. Last week we had rate cuts from the Peo...

Trade ideas thread - monday, 21 august 2023
20/08/2023 20:31

Trade ideas thread - monday, 21 august 2023

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discu...

Monday morning open levels - indicative forex prices - 21 august 2023
20/08/2023 20:07

Monday morning open levels - indicative forex prices - 21 august 2023

Good morning/afternoon/evening and welcome to the new forex week!On a Monday morning, market liquidity is very thin until it improves as more Asian ce...

Pomerantz law firm announces the filing of a class action against shift4 payments, inc. and certain officers – four
20/08/2023 19:48

Pomerantz law firm announces the filing of a class action against shift4 payments, inc. and certain officers – four

NEW YORK, Aug. 20, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Shift4 Payments, Inc. (“Shif...

Shareholder investigation: halper sadeh llc investigates reta, ael, prds, cell
20/08/2023 19:40

Shareholder investigation: halper sadeh llc investigates reta, ael, prds, cell

NEW YORK, Aug. 20, 2023 (GLOBE NEWSWIRE) — Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential vio...

Shareholder alert: pomerantz law firm investigates claims  on behalf of investors of live nation entertainment, inc. – lyv
20/08/2023 19:01

Shareholder alert: pomerantz law firm investigates claims on behalf of investors of live nation entertainment, inc. – lyv

NEW YORK, Aug. 20, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Live Nation Entertainment, Inc. (“Live ...

Taylor swift adds another week to billboard artist 100 record
20/08/2023 19:00

Taylor swift adds another week to billboard artist 100 record

has extended her record for the most weeks as the top musical act in the United States to a 76th week. Read Full Story The post Taylor Swift Adds Anot...


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