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Why Are Spreads High at Night?
In the world of forex and other financial markets, traders often observe that spreads—the difference between the bid (buy) and ask (sell) prices—tend to...
EURJPY Consolidates Below Key Resistance Level – Market Outlook for 30th December 2024
The EURJPY pair has been trading in a narrow range, largely consolidating below the 164.75 resistance level. This barrier has been preventing the pair...
NZDUSD Price Trades Within Bearish Pattern – Negative Trend Expected for Today – 24 December 2024
The NZDUSD price continues to trade within a bearish flag pattern, with a key support level at 0.5630. A break below this support would...
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USDCHF Price Resumes Upward Movement – Bullish Trend Forecasted for Today – 24 December 2024
The USDCHF price has bounced upwards, reaching the 0.9014 level and is now awaiting a breach of...
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AUDCAD Under Negative Pressure – Forecast for December 23, 2024
The AUDCAD currency pair has recently encountered significant resistance near the 0.9100 level, which has contributed to...
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NZD/CAD Price Forecast Update – December 20, 2024
The NZD/CAD currency pair has recently experienced significant negative pressure, resulting in multiple bearish waves and a...
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Central parity of RMB exchange rate in the interbank foreign exchange market on July 14
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USD/RMB was at 7.1318, down 209 points (RMB appreciation); EUR/RMB was at 8.0169, up 430 points; HKD/RMB reported at 0.91191, down 20.7 points; GBP/RMB reported...
Central parity of RMB exchange rate in the interbank foreign exchange market on July 13
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USD/RMB was at 7.1527, down 238 points (RMB appreciation); EUR/RMB was at 7.9739, up 541 points; HKD/RMB reported at 0.91398, down 26.7 points; GBP/RMB reported...
Daily Global Foreign Exchange Market News Express (July 12)
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1. The New Zealand Federal Reserve suspended interest rate hikes, in line with market expectations, and kept interest rates at 5.50%, the highest level...
Central parity of RMB exchange rate in the interbank foreign exchange market on July 12, 2023
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USD/RMB was at 7.1765, down 121 points (RMB appreciation); EUR/RMB was at 7.9198, down 183 points; HKD/RMB reported at 0.91665, down 13.8 points; GBP/RMB reported...
Daily Global Foreign Exchange Market News Express (July 11)
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1. Fed-Bostic reiterated: I don’t think it is necessary to raise interest rates to see inflation return to 2%. Mester: Could have hiked in...
Central parity of RMB exchange rate in the interbank foreign exchange market on July 11
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USD/RMB reported at 7.1886, down 40 points (RMB appreciation); EUR/RMB reported at 7.9381, up 347 points; HKD/RMB reported at 0.91803, down 5.4 points; GBP/RMB reported...
Summary of Brokers’ Opinions on July 10
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the macro 1. Debon Securities: In June, the labor market showed a situation of weak supply and demand, but the recovery of weaker supply has...
Macro data review last Friday (July 10)
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Asia Pacific 1. The People's Bank of China: China's foreign exchange reserves at the end of June reported US$3.193 billion, an increase of US$16.492 billion...
Central parity of RMB exchange rate in the interbank foreign exchange market on July 10, 2023
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USD/RMB was at 7.1926, down 128 points (RMB appreciation); EUR/RMB was at 7.9034, up 165 points; HKD/RMB reported at 0.91857, down 23.8 points; GBP/RMB reported...
Will Interest Rates Go Down in 2024?
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Interest rates play a critical role in the global economy, impacting borrowing costs, investment decisions, and overall economic growth. For businesses and individuals alike,...
Guan Tao: It is necessary to prevent “linear unilateral thinking” in the foreign exchange market
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On July 7th, Guan Tao, the global chief economist of Bank of China Securities, said that the RMB exchange rate is supported in the...
How high will rates go in 2023?
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Interest rates play a significant role in the economy, affecting borrowing costs, investment decisions, and overall financial conditions. As we look ahead to 2023,...