Author: FX
While wars and political crises grab the front page, the slow-burn trade war is still the dominant force behind commodity currency direction, quietly signaling something traders can’t afford to miss. Source link
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…
Bitcoin has been cruising higher over the past few weeks. Is it due for another major pullback or can it go for a break higher? Source link
Commerzbank’s Dr. Henry Hao argues China is better positioned than other Asian economies to withstand energy disruptions from Middle East tensions and Strait of Hormuz risks. The report highlights China’s diversified crude sourcing, large strategic reserves, and falling fossil fuel intensity, while warning that sectoral pain, especially in transport and chemicals, and prolonged volatility could still challenge China’s growth outlook over the coming months.China buffers regional energy supply shocks”To further mitigate the immediate shock of volatile energy markets, Asian nations are deploying their strategic reserves with varying degrees of efficacy. Advanced economies like Japan, South Korea, and Taiwan maintain robust…
More from Trump:I’m winning a War, BY A LOT, things are going very well, our Military has been amazing and, if you read the Fake News, like The Failing New York Times, the absolutely horrendous and disgusting Wall Street Journal, or the now almost defunct, fortunately, Washington Post, you would actually think we are losing the War. The enemy is confused, because they get these same Media “reports,” and yet they realize their Navy has been completely wiped out, their Air Force has gone onto darker runways, they have no Anti Missile or Anti Airplane Equipment, their former leaders are…
Australia’s jobs figures came in mostly in line with expectations, keeping the unemployment rate steady for March and RBA expectations well-anchored. Here’s our watchlist setup that made the cut. Source link
GBP/USD rebounds toward 1.3530 as US Dollar eases after recent surgeGBP/USD recovers some ground after opening the week on a lower note, despite escalating tensions in the Middle East as the US seized an Iran-flagged vessel. At the same time, Tehran threatened to halt talks in Pakistan. The pair trades at 1.3525, up 0.13%. Read More…GBP/USD Price Forecast: Retakes 1.3500 as Fed repricing hits USD despite Mideast tensionsThe GBP/USD pair builds on its modest intraday recovery from a one-week low and climbs back above the 1.3500 psychological mark during the early European session on Monday. Spot prices have now filled the…
Gold is consolidating near the 4,800 area on the 4-hour chart, caught between rising support and overhead resistance. Will XAU/USD break higher toward 4,900–5,000 or slide back into the support zone? Source link
The report cites two Pakistani officials in saying that “Iranian authorities have expressed willingness to send a delegation for a second round of talks in Islamabad this week”. Adding that there is “cautious optimism” between the US and Iran but could not share details of travel plans for either side due to security reasons.Iran may have put up a stubborn front earlier in sending out a strong message. However, we have come to see that this hard line response has always been their negotiating position from the start of this war. As mentioned earlier:”Iran continuing to maintain a hard line…
Silver (XAG/USD) has retreated nearly $4 from the monthly high right above $83.00 hit last Friday, as the precious metal consolidates immediately below the $80.00 level, with investors returning to the safe-haven US Dollar (USD), with the Middle East peace process under pressure. A spokesperson from the Iranian foreign ministry affirmed earlier on Monday that Tehran will skip the second round of negotiations scheduled to resume in Pakistan on Tuesday. This comes after the seizure of an Iranian-flagged cargo vessel by the US army on Sunday, which was condemned by Tehran as an “aggressive act” and a violation of the ceasefire…