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 within a certain range, called a “band,” around a central reference rate, […]
Category Archives: Forex News
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Dec
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 […]
30
Dec
Dec
The EURUSD pair remains a focal point for traders and investors due to its volatility and importance in global markets. In this EURUSD technical analysis, we explore crucial support and resistance levels, as well as trends shaping the currency pair’s behavior in the near term. 📊🌍🔍 EURUSD 4hr chart with that strong support zone (so […]
Forex News
Holzmann says European Central Bank could consider waiting longer before its next rate cut
30
Dec
Dec
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 […]
30
Dec
Dec
Jibun Bank Final PMI from Japan for December is due today. Flash Manufacturing December: 49.4 (in contraction for 6 straight months.) November Final 49.2 Background to this is that Japan’s manufacturing sector experienced a consistent contraction over the previous three months, as indicated by the Jibun Bank / S&P Global Manufacturing Purchasing Managers’ Index (PMI): […]
30
Dec
Dec
SPX outlook: critical levels to watch for traders and investors The SPX price index is navigating a crucial technical landscape, with several key levels and indicators shaping its trajectory. A closer look reveals resistance at 6,200, support near the anchored VWAP, and the unclosed Trump Gap at 5,780, offering actionable insights for traders and in […]
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Dec
Industrial profit Year to Date (YTD) -4.7% y/y For November alone a -7.3% y/y slump *** China’s industrial sector has experienced fluctuating profitability throughout 2024, influenced by various economic challenges and policy interventions, including but not limited to: insufficient effective demand declining industrial product prices (PPI deflation) October month alone 2024: Industrial profits fell by […]
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Dec
Dec
TGIF in what is a holiday-shortened week. What is moving the markets. In Europe there was no economic data out of Europe today and traders are reluctantly back from the Christmas and Boxing day holiday. In the US there will be some modest data out at 8:30 AM ET with: Good trade balance for November, […]
29
Dec
Dec
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 […]
29
Dec
Dec
Prior month wholesale inventories +0.1% revised from 0.2% Wholesale Inventories November Level: Estimated at $901.6 billion, a 0.2% decrease from October and a 0.9% increase from November 2023. October Revision: Growth revised down from +0.2% to +0.1%. Retail Inventories November Level: Estimated at $827.5 billion, a 0.3% increase from October and a 7.2% increase from […]