Category Archives: Forex News

The British Pound Futures (6B March 2025) are trading at 1.2482, correlating closely with the GBP/USD Forex pair at 1.24877. The British Pound appears bearish in the broader context, with key levels pointing to further downside potential. Below is a detailed breakdown for both swing traders and day traders. GBPUSD Swing Traders: Broader Bearish Trend […]

This builds from Eamonn’s post earlier: The yuan has hit its highest since mid-October 2022 (using its trade-weighted value) According to the CFETS, which is overseen by the PBOC, the dollar’s weighting in the yuan currency basket has been adjusted to 18.903%. That is down from 19.46% previously with the change having gone into effect […]

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 […]

Happy new year, everyone! I hope you enjoyed the holiday break and some of you might still are until next week. If so, definitely rest up well and hope the new year will be a good one for all of us. To kick things off, let’s start with the good ol’ option expiries routine. There […]

The CFETS RMB Index (often referred to as the “yuan CFETS Index”) is a trade-weighted currency index published by the China Foreign Exchange Trade System (CFETS). It measures the value of the Chinese yuan (CNY) against a basket of currencies from China’s major trading partners. While the USD is appreciating globally, weakening the yuan in […]

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 […]

A very ugly result, comes in at 47.8 slumping further from November’s awful 49.4 and below the flash estimate of 48.2 The flash reading for this can be found here: Australia preliminary manufacturing PMI December slumps to 48.2 (prior 49.4 ) In summary: Deterioration in Conditions: Manufacturing conditions declined at a faster pace in December, […]

A devastating attack in New Orleans A horrific act of violence has shaken the heart of New Orleans, leaving a trail of unimaginable grief and sorrow. A man deliberately drove his car into a crowd, transforming a scene of normalcy into one of chaos and terror. At least 10 lives were tragically cut short, leaving […]

US equities have had a decent bounce off the lows but are still deeply in negative territory. The S&P 500 is down 57 points to 5913 after falling as low as 5869. If the index falls 1% it would be the first time since 1952 that it’s had two 1% (or more) declines in the […]

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 […]