Author: FX
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.0867 compared to the Friday’s fix of 7.0880 and 7.1171 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist…
The Doda Donchian v2 mod is a custom-built version of the famous Donchian Channel indicator. It calculates the highest high and lowest low over a specific period, drawing upper and lower bands on the chart. These bands act as dynamic support and resistance levels. The v2 modification enhances this by providing smoother visual signals and a more responsive reaction to price movements, making it easier for traders to follow the trend and avoid false signals. How It Helps Traders This indicator works perfectly for trend-following strategies. When prices break above the upper band, it signals a potential buying opportunity. Conversely,…
SA Asks: What's the best quantum computing stock play right now? Source link
Australia’s Optus CEO apologises for emergency line outage, refuses to stand down Source link
UBS said that while no formal trade or cooperation agreement emerged from the latest U.S./China discussions, the tone of the talks was positive enough to support market sentiment. The bank described the outcome as a “modestly positive” result for global investors, suggesting it could sustain recent rallies in both U.S. and Chinese equities.UBS analysts noted that markets had braced for potential friction between the world’s two largest economies, but the absence of any escalation, coupled with signs of constructive dialogue, may be enough to reassure investors. “A modestly positive outcome on this U.S./China risk catalyst may be sufficient for global…
Nidec Q1 FY2025 slides: Operating profit rises despite sales decline, unveils 'Conversion 2027' plan Source link
OPEC+ raised output by 137,000 barrels per day, which is the same pace as last month.This round of output hikes kicks in for December but the group is clearly worried about winter oversupply as they agreed to pause hikes for Q1, 2026. That should lend some support to crude oil Monday, as it wasn’t expected.WTI crude oil finished Friday at $60.98/barrel. Source link
Israeli strike kills one in Gaza as sides trade blame for truce violations Source link
Pentagon chief visits Vietnam amid prolonged arms supply talks Source link
Sun: US clocks change (LDN-NY gap reverts to 5hrs); OPEC-8 Meeting. Australian Final PMIs (Oct)Mon: Japan Culture Day Holiday; Swiss CPI (Oct), EZ, UK & US Final Manufacturing PMI (Oct), US ISM Manufacturing PMI (Oct), Construction Spending (Sep)Tue: RBA Announcement & SoMP, French Assembly Budget (PLF/Revenue) Vote; Canadian Trade Balance (Sep), New Zealand Unemployment (Q3)Wed: US Supreme Court tariff hearing, Riksbank Announcement, BCB Announcement; German Industrial Orders (Sep), EZ, UK & US Composite & Services Final PMIs (Oct), EZ Producer Prices (Sep), US MBA, ADP (Oct), ISM Services PMI (Oct)Thu: BoE Announcement and MPR, Norges Bank Announcement; German Industrial Output…