Author Archives: gtiqy

Coming up at 1500 China time: 0700 GMT, 0200 US Eastern time Xuan Changneng, Deputy Governor of the People’s of China, and Li Bin, deputy head of the State Administration of Foreign Exchange will hold a press conference: on financial support for high-quality economic development — China’s State Administration of Foreign Exchange (SAFE) is a […]

Chinese officials are considering the possibility of Elon Musk acquiring TikTok’s U.S. operations if the platform is unable to avoid a controversial ban on its services in the country. Chinese officials prefer that TikTok remain under the control of parent Bytedance, but if that’s not going to work Musk might. Bloomberg News had the report, […]

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 setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate […]

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]

Bloomberg with the info on a plan to gradually raise tariffs by 2 to 5% a month. In brief: Advisors on Trump’s incoming economic team are considering a gradual implementation of tariffs, increasing them incrementally each month. This approach is intended to strengthen their negotiating position while minimizing the risk of sudden inflation, according to […]

The major US stock indices are closing mostly higher with the NASDAQ index the laggard. Even the Russell 2000 is in positive territory. The gains come ahead of the US PPI final demand data on Tuesday. The CPI inflation data will be released on Wednesday. The final numbers are showing: Dow industrial average rose 358.67 […]

The S&P index has moved into positive territory. The high price just reached 5830.76. The current price is trading at 5827.41 up 0.41 points on the day. The Dow industrial average is extending its gains to 306 points or 0.73% at 42245.30. Much of the gain is as a result of gains in UnitedHealth, Caterpillar, […]

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]

The major European indices are closing lower on the day with declines in the -0.30-0.40% range. A snapshot of the closing level shows: German DAX, -0.38% Frances CAC, -0.30% UK’s FTSE 100 -0.29% Spain’s Ibex, -0.28% Italy FTSE MIB -0.83% As the European traders had for the exits, the US major indices are mixed: Dow […]

The AUDUSD on Friday fell below a swing low going back to October 2022 at 0.61695 (red number 2 on the chart below). That took the price to the lowest level going back to April 2020 (see chart below). In trading today, the price has been waffling up and down with a new low reached […]