Author: FX
China’s central bank, the People’s Bank of China, left its Medium-term Lending Facility (MLF) rate unchanged at 2.5% on Sunday. Surveys had shown around two thirds of analysts had expected the rate to be unchanged, others expecting a small cut. 500 billion yuan will be injected as one-year loans499 bn yuan mature, which means a net injection of 1 bn yuanIn Open Marker Operations the Bank injected 105bn yuanNo signs of monetary policy relief from China in this today. The most recent easing from the PBOC was the Reserve Requirement Ratio (RRR) earlier this month:The People’s Bank of China —What…
© Reuters. FILE PHOTO: Former U.S. President Donald Trump gestures on the day of a court hearing on charges of falsifying business records to cover up a hush money payment to a porn star before the 2016 election, in New York State Supreme Court in the Manhattan boro By Nathan Layne and Gram Slattery WATERFORD TOWNSHIP, Mich./IRMO, SC. (Reuters) -Donald Trump on Saturday lashed out at the New York judge who ruled he must pay $354.9 million in penalties for fraudulently overstating his net worth to dupe lenders, telling thousands of supporters at a campaign rally the decision was an…
FX focused on the U.S. CPI and other global inflation & economic growth metrics, which generally weakened central bank rate cut bets, including from the Fed. Source link
Risk correlations were a bit mixed despite global economic data generally supporting a “higher for longer” interest rate environment. See, growth and inflation reports from some major economies highlighted the unlikelihood of seeing interest rate cuts in the next month or two (or three). Meanwhile, major central bankers leaned towards discouraging aggressive interest rate cut bets, overall. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
© Reuters. FILE PHOTO: Marina Litvinenko, widow of former Russian intelligence agent Alexander Litvinenko, takes part in a demonstration in support of jailed Russian opposition politician Alexei Navalny outside the Russian Embassy in London, Britain, April 21, 2021. LONDON (Reuters) – The wife of Alexei Navalny, Yulia Navalnaya, needs to keep her husband’s voice alive, the widow of Alexander Litvinenko said on Saturday following the death of the prominent Kremlin critic. Russian authorities said 47-year-old Navalny fell unconscious and died on Friday after a walk at the “Polar Wolf” Arctic penal colony where he was serving a long sentence. Soon…
A technical look at the major currency pairs for the week starting February 19, 2024:EURUSD:USDJPY:GBPUSD:USDCHF:USDCAD:AUDUSD:NZDUSD: This article was written by Greg Michalowski at www.forexlive.com. Source link
2/2 © Reuters. A woman lays flowers at the monument to the victims of political repressions following the death of Russian opposition leader Alexei Navalny, in Moscow, Russia February 16, 2024. REUTERS/Stringer 2/2 By Andrius Sytas VILNIUS (Reuters) – Alexei Navalny’s vision for change in Russia will be kept alive by his team, his ally and spokesperson Kira Yarmysh said in an interview. The Kremlin critic, 47, fell unconscious and died on Friday after a walk at the Arctic penal colony where he was serving a long prison sentence, the prison service said. “We lost our leader, but we didn’t…
The following video shows my opion and bitcoin price forecast with some trade ideas Current Position: Bitcoin hovers around $51,615, facing double resistance. ??Market Movement: Recent break from a bullish pattern, now at a pivotal bearish juncture. ??Trade Strategy: Bearish bias with a stop-loss above $54,300 for risk management. ??Position Sizing: Adjust size for an optimal reward-to-risk ratio; aim for meaningful profits. ⚖️?Profit Targets: First partial profit at a cautious 1.32 reward-to-risk, with a long-term aim below $50,000. ??Adjustments: Refine stop-loss and targets for a potential average ratio of 1.65, enhancing trade viability. ??Risk Mitigation: For non-traders, consider reducing exposure…
Warning: LGRDY is at high risk of cutting its dividend Source link
© Reuters. FILE PHOTO: Latvian Foreign Minister Krisjanis Karins speaks at a rally in support of Ukraine at Norrmalmstorg in Stockholm, Sweden, December 18, 2023. TT News Agency/Henrik Montgomery via REUTERS/File Photo By Andrew Gray MUNICH (Reuters) – Donald Trump’s stark comments on NATO show that Europeans should take more responsibility for their security, but they will still need the transatlantic military alliance, Latvian Foreign Minister Krisjanis Karins said. Trump sparked fierce criticism from top Western officials for saying that, as U.S. president, he had told an unnamed leader he would not protect countries that failed to meet NATO defence…