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Pboc sets usd/cny reference rate at 7.1686 vs. 7.1587 previous
People’s Bank of China (PBoC) set the USD/CNY central rate at 7.1686 on Monday, versus the previous fix of 7.1587 and market expectations of 7.2461....
Hong kong's hang seng index opened a lot lower after further bad property sector news
I posted earlier on the continued headlines out of China's property development sector, notable on Country Garden, on of China's mammoth firms in the ...
H2 growth hopes surge on buoyant equities
From a longer-term perspective, consumption upgrade will accelerate when GDP per capita is between $10,000 and $30,000, as shown by the experience of ...
Usd/jpy hits fresh ytd top around 145.20, lacks follow-through amid intervention fears
The USD/JPY pair kicks off the new week on a positive note and touches a fresh YTD peak during the Asian session. Spot prices, however, retreat a few ...
Djia technical: at the risk of shaping a minor downtrend
Key technical elements are showing signs of bullish exhaustion below the 35,650 resistance. Potential downside mean reversion to test the 50-day movin...
Warning to small business over turning to credit cards
As business conditions slow across the country, operators are looking to credit cards for manage their finances but there are pitfalls. Read Full Stor...
Bitcoin price prediction as btc spikes up 2% in 24 hours – time to buy?
Bitcoin’s recent price surge of 2% within a 24-hour period has prompted speculation about its potential implications for investors. Read Full Story ...
Aud/usd price analysis: refreshes 10-week low below 0.6500 on china woes
AUD/USD drops to a fresh low since May 31, down 0.25% intraday near 0.6480 by the press time, as fears about China join the firmer US Dollar to weigh ...
Btc spot etf-related chatter leaves sub-$29,000 in play
ETF chatter did the rounds on Sunday, with one former SEC official expecting the SEC to only consider Spot ETFs in the event of a 2024 Republican Part...
Pboc sets usd/ cny central rate at 7.1685 (vs. estimate at 7.2461)
This is a HUGE move from the People's Bank of China, setting the yuan MUCH stronger than was expected. People's Bank of China set the onshore yuan (CN...
Usd/chf remains range-bound around 0.8770 ahead of swiss data, us retail sales
Investors worry about the exacerbated trade war tensions between the US and China. Read Full Story at source (may require registration) The post USD/C...
Usd/jpy plunging after pop above 145 - verbal intervention fears
USD/JPY popped to a high above 145.20 earlier in the session but has since been slammed lower to circa 144.67.USD/JPY back around 145 has, of course, ...
Reports pakistan has suspended imports of crude oil from russia, citing low quality issues
Pakistani media reports that imports of crude from Russia have been suspendedCiting unnamed sources for the info that the Pakistan Refinery had refuse...
Micro business drives msme loan growth in q4: study
“Progressive reforms for MSME sector’s resurgence have borne fruit, as reflected in vigorous business activity and improved credit uptake in micro...
Silver price analysis: rsi conditions prod xag/usd bears below $23.00
Silver Price (XAG/USD) remains on the back foot at the lowest levels in five weeks despite portraying inaction at around $22.70 during early Monday in...
Flights between the us china are set to double by the end of october
News from Friday ICYMI, an announcement from the US Biden administration. the number of Chinese passenger flights allowed to fly to the U.S. will rise...
Australian dollar decline pushes it to bottom of the range. will aud/usd bounce?
The Australian Dollar is languishing to start the week after moving lower last week as the US Dollar found support with Treasury yields running higher...
Vitamin gummies market is expected to grow at a steady cagr of 6.5% fueled by multivitamin variants addressing comprehensive health needs | future market insights inc.
The Vitamin Gummies Market is witnessing demand for multivitamin gummies, which offer essential and comprehensive support for overall health and well-...
Pboc is expected to set the usd/cny reference rate at 7.2461 – reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setti...
Gbp/usd struggles to justify hawkish boe concerns around 1.2700, uk inflation, fomc minutes in focus
GBP/USD remains pressured below 1.2700, close to 1.2690 by the press time, as it fails to cheer the UK’s heating inflation concerns and upbeat growt...
Tesla has cut prices in china, lower price for some y models
Elon Musk has cut the price of his Tesla Model Y Long-range and Model Y Performance cars in China. each cut by RMB 14,000 Lower price take effect from...
Eco data 8/14/23
The post Eco Data 8/14/23 appeared first on Action Forex......
Fcmb offers n10m clean energy loan to households, small businesses
Nigerian households and small businesses looking to acquire solar panels, batteries, inverters, and other green energy equipment now have access to as...
The new york post: cbs news chief neeraj khemlani stepping down after tumultuous 2-year reign
Embattled CBS News co-president Neeraj Khemlani, whose two-year cost-cutting reign was marked by clashes with high-profile anchors and HR complaints, ...
The potential for brent crude oil price rise above $100/bbl is falling
TD on oil price factors playing out, concluding that the risk of a runaway rally in oil prices is declining. Says 'the West' is 'losing control over c...
Japanese yen forecast: usd/jpy, gbp/jpy rise to key resistance levels. will they hold?
The Japanese Yen extended losses this past week, with USD/JPY and GBP/JPY facing key resistance levels that if broken, open the door to extending thei...
Eur/usd sellers attack 1.0930 support on firmer yields, downbeat ecb concerns, focus on fed minutes
Fears of ECB policy pivot, mostly upbeat US inflation clues allow buyers to stay hopeful. Read Full Story at source (may require registration) The pos...
Nzd/usd remains on the defensive below the 0.6000, rbnz rate decision eyed
Investors will monitor the RBNZ policy meeting, the US Retail Sales, FOMC minutes. Read Full Story at source (may require registration) The post NZD/U...
Inflation could rebound later this year. why that might be a good thing.
Inflation could rebound later this year. Why that might be a good thing. Read Full Story The post Inflation could rebound later this year. Why that mi...
Hang seng index, asx200, nikkei 225: china woes to test hsi support
The Hang Seng Index and the broader Asian markets are in for a choppy session, with US PPI numbers and China woes likely to test buyer appetite. The p...
Usd/jpy and 146 hinged on fed chatter pre-us retail sales
The USD/JPY will be reliant on FOMC member commentary to target 146 today before US retail sales numbers and the FOMC meeting minutes . The post USD/J...
Hang seng: china property developer country garden to suspend onshore bond trading
I posted earlier on the resurgence of worry over the Chinese property sector:Fears a huge Chinese property company preparing for a debt restructuringO...
An etf will bring a revolution for bitcoin and other cryptocurrencies
A Bitcoin ETF is on the cusp of receiving approval in the United States — and it may not be long before we see one in Hong Kong or elsewhere in Asia...
More bitcoin etf decisions are already looming after us sec declines to rule
BITCOIN exchange-traded fund (ETF) candidates got another dose of disappointment when US regulators on Friday (Aug 11) punted on making a decision on ...
British pound price action setups: gbp/usd descending channel guides sterling lower
The British Pound weakened for a 4th consecutive week against the US Dollar. GBP/USD continues to trade within the boundaries of a Descending Channel,...
