Author: FX
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band around a central reference rate, or midpoint, set each trading day by the PBOC. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours. Each morning, the PBOC determines the…
The GBP/JPY rises on Monday, courtesy of a risk-off mood that weighed on safe-haven peers like the Japanese Yen and the Dollar, which are trading softer against most currencies. At the time of writing the cross-pair trade at 212.88 up 0.61%. Japanese Yen Price This week The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies this week. Japanese Yen was the strongest against the Australian Dollar. USDEURGBPJPYCADAUDNZDCHFUSD-0.03%-0.02%-0.06%0.00%0.06%-0.08%-0.05%EUR0.03%0.02%-0.04%0.03%0.10%-0.03%-0.01%GBP0.02%-0.02%-0.02%0.02%0.08%-0.07%-0.01%JPY0.06%0.04%0.02%0.05%0.11%-0.05%0.02%CAD-0.01%-0.03%-0.02%-0.05%0.06%-0.09%-0.02%AUD-0.06%-0.10%-0.08%-0.11%-0.06%-0.14%-0.09%NZD0.08%0.03%0.07%0.05%0.09%0.14%0.06%CHF0.05%0.01%0.00%-0.02%0.02%0.09%-0.06% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked…
EUR/USD is attempting to stabilize after a sharp pullback from late-December highs. Momentum just flashed a classic “early turn” setup. The Stochastic is crossing higher from oversold territory, a condition that often precedes a rebound. This is the type of shift that often gets attention because it can develop before the price has made an obvious trend change. Welcome to “TA Alert of the Day.” Each day after the market close, MarketMilk scans for popular technical indicator alerts. We use these alerts as the basis for a mini-lesson, breaking down what each alert means, why it matters, and how traders…
Anne CzichosShares of Chipotle Mexican Grill (CMG) are under pressure in afterhours trading as the company announced several management changes and reaffirmed its outlook for comparable restaurant sales to decline in the low-single digit range. At the same time, the company announced Source link
The U.S. Treasury auctions off $39 billion of 10 year notes at a high yield ofHigh yield 4.173% vs 4.169% last WI level at the time of the auction 4.181%Tail -0.7 basis points vs 6 month average of 0.1 basis points Bid to cover 2.55X vs 6 month average of 2.51XDirects 24.5% vs 6 month average of 20.6%Indirects 69.6% vs 6 month average of 69.5%Dealer 5.9% vs 6 month average of 9.9% AUCTION GRADE: B+The $39B 10-year Treasury auction showed solid, stress-free demand, with the issue stopping 0.7 bp through the WI, signaling buyers were willing to accept a lower…
Silver (XAG/USD) rally extends for the second straight day on Monday, with buyers pushing prices to a new record high of $86.23 a troy ounce, posting daily gains of nearly 7.50%, courtesy of the US Department of Justice, which has indicted the Federal Reserve (Fed) Chair Jerome Powell, over the renovations of the Fed’s buildings. At the time of writing, XAG/USD trades at $85.90.XAG/USD Price Forecast: Technical outlookSilver’s daily chart shows a parabolic move, further confirmed by the Relative Strength Index (RSI) turning overbought. Nevertheless, due to the strength of the uptrend, RSI’s most extreme overbought level would be the…
Andrzej Rostek Pacific Biosciences of California (PACB) will work with the n-Lorem and EspeRare Foundations to use long-read whole-genome sequencing to develop personalized antisense oligonucleotide therapies for ultra-rare genetic diseases. By integrating the sequencing earlier in development, “the proposed collaboration will aim to Source link
Australia’s CPI reading fell short of estimates in November, as annual inflation slowed from 3.8% to 3.4% and briefly revived dovish RBA expectations. Which AUD strategies moved beyond the watchlist stage, and how did shifting overall market sentiment impact the outcomes? Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high-quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our “Watchlist” picks right when they are published throughout the week, check out our BabyPips Premium subscribe page to learn more!…
For the past two decades, the US energy sector was stable and predictable. Electricity demand barely grew, which meant utilities could afford to slowly replace coal with natural gas and renewable energy at a leisurely pace. But today everything has changed. The sector is now facing something completely different. There’s a serious mismatch between the explosive power needs of artificial intelligence (AI) infrastructure and the slow, complicated process for building new power plants. Data center power demand is growing 25% per year (compound annual growth rate or CAGR), while America’s aging electrical grid, weighed down by long…
FUNDAMENTAL OVERVIEWUSD:The greenback weakened across the board today following the news of the US Department of Justice subpoenaing the Federal Reserve in an unprecedented move that escalates the ongoing conflict between President Trump and Fed Chair Powell for not lowering interest rates faster. The official reason is that the DOJ is focusing on the Federal Reserve headquarters renovation to see whether Powell made misleading or false statements to the Senate Banking Committee regarding the scale, costs and luxury features of the project. In reality, everybody knows that this is just a political pretext to intimidate the Fed Chair and force…