Yuan at 6.9255 vs. the last close of 6.9155
In recent trade, the People’s Bank of China (PBOC) set the yuan at 6.9255 vs. the last close of 6.9155. The Chinese government maintains strict control of the yuan’s rate on the mainland. The onshore yuan (CNY) differs from the offshore one (CNH) in trading restrictions. The CNH is not as tightly controlled as its […]
“US & EU Bank Failures: Minimal Repercussions for Japan’s Financial System?”
Bank of Japan (BoJ) Governor Kazuo Ueda said that the recent US and European bank failures are likely to have a limited impact on Japan’s financial system. Speaking on Tuesday, Ueda emphasized that Japan’s financial institutions have sufficient capital buffers in place to weather the current global uncertainties in the banking sector. The bank failures […]
“Get Ready: DXY Set to Complete 1st Wave Surge, Reaching a Whopping .9950 Soon!”
Rewrite and expand this content to 900 wordsCoach explained the narrative that the time window for risk-off is tied to a DXY low of around.9950.
“Gold Price Soars: XAU/USD Thrives on Increased Haven Flows, Predicts ANZ – Don’t Miss Out!”
Rewrite and expand this content to 900 wordsExpectations the Fed will pause interest rate hikes supported Gold investor demand. Economists at ANZ Bank expect the yellow metal to remain solid. Do
Watch Now: PayPal Soars After Impressive Earnings Report – See What’s Next!
As we approach the traditionally quieter summer months, examining PayPal from a seasonal perspective reveals a pattern of growth during this period. Over the past seven years, from May 8 to August 31, PayPal shares have risen 71% of the time. The maximum gain during this period has been an impressive 40.83%, while the maximum […]
“MUFG Predicts Supportive External Factors Will Drive Down USD/JPY Exchange Rates!”
The Japanese yen is expected to continue its strengthening trend despite recent setbacks, as the country’s economy continues to experience growth and the U.S. dollar becomes devalued. Economists at MUFG Bank believe that the external backdrop is supportive for a lower USD/JPY, which remains significantly overvalued. One reason for this outlook is the ongoing loss […]
Deutsche Industrieproduktion übertrifft Erwartungen: Sinkt im März um 3,4% statt erwarteter 1,0%
Germany’s industrial output for March fell by more than expected, suggesting a deterioration in manufacturing sector activity, according to official data. In March, output dropped by 3.4% MoM, compared to a forecasted 1% drop and the previous month’s 2.1% decline. Industrial production on an annualized basis arrived at 1.8% in March, higher than the previous […]
“Critical US Mission: Tackling the Taiwan Challenge – Navigating Tensions & Ensuring Stability!”
On Monday, Chinese state media reported that China’s Foreign Minister met with the US ambassador to China in Beijing. The meeting focused on stabilizing Sino-US relations, avoiding further deterioration in relations, and preventing accidents between the two countries. The Chinese Foreign Minister urged the US to correct its understanding of China and return to a […]
PBOC Boosts USD/CNY Reference Rate to 6.9158, Surpassing 6.9114 Previous Benchmark!
The People’s Bank of China (PBOC) set the USD/CNY central rate at 6.9158 on Monday, as opposed to the previous fix of 6.9114 and market expectations of 6.9159. The USD/CNY had closed near 6.9080 the previous day. China maintains strict control of the yuan’s rate on the mainland, while the onshore yuan (CNY) differs from […]
“April’s Surprising Economic Twist: Inflation Takes a Step Back, Reveals UOB Report”
During the festive month of April, Indonesia experienced a surprising decline in its headline inflation, which eased to 4.3% year-on-year (y/y) from 5% in March. This stands in contrast to the expected trend of an increase in inflation. The primary cause for this change was lower and stable food and transportation prices, as the government […]