Author: FX

PBOC is expected to set the USD/CNY reference rate at 6.7480 – Reuters estimate !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link

Gold price (XAU/USD) declines to near $4,070 during the early Asian session on Wednesday. The precious metal fluctuates as traders weigh the Federal Reserve’s (Fed) interest-rate path amid uncertainty in the Middle East. The Guardian reported on Tuesday that US Secretary of State Marco Rubio said there has been progress made in discussions with Iran and Oman on ‌getting ‌more ships through ‌the Strait of Hormuz, but no final agreement has been ‌reached. Meanwhile, US Treasury Secretary Scott Bessent said Washington could reach a deal with Tehran by tomorrow to reopen the critical waterway.Cooling US-Iran tensions could ease energy-driven inflation fears…

Oil broke two Sunday levels on Hormuz optimism, the S&P hit a fresh record, and JOLTS split its signal. Updated scenario levels and probabilities inside. Source link

What a day for the bulls.The message after the earnings smoke has cleared is optimistic and the thinking is that: Maybe all these AI investments can continue and there is actually an ROI on all of them. For the valuations of the hyperscalers, you don’t need a big return on the huge amounts of capex as even making a bit further enforces their moats and will allow them to transition to a new era as leaders. Amazon and Google in particular made compelling cases for why there could be returns. So long as that capex continues, it’s tough to fade…

The Coinbase Bitcoin Premium Index extends its negative streak to 78 consecutive days on Tuesday, the longest on record. This reading comes amid the ongoing bearish trend, which has seen Bitcoin (BTC) drop by almost 50% from its record high to trade around $64,000.Ripple (XRP) declines for a second day in a row, trading around $1.07 at the time of writing on Tuesday. The remittance token has continued to sustain a bearish outlook, aligning with the broader cryptocurrency market.Binance, the largest cryptocurrency exchange by volume, has announced a scheduled delisting of six cryptocurrency tokens, including Across Protocol (ACX), Hashflow (HFT), PIVX (PIVX), Vulcan Forged PYR (PYR),…

U.S. job openings fell to 7.36 million in June, missing forecasts, while hiring picked up, a mixed signal days before Friday’s jobs report. Source link

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 invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…

The British Pound (GBP) edges higher against the US Dollar (USD) on Tuesday, reaching session highs above 1.3440 after finding support at the 1.3420 area earlier on the day. A mild risk appetite amid market hopes of a negotiated breakthrough in Iran and investors’ cautiousness ahead of key US labour market releases are keeping US Dollar bulls subdued on Tuesday.A tense calm holds for the second consecutive day in Iran, with news from the conflict showing contradictory versions. US President Donald Trump affirmed that this is Tehran’s last chance to sign a good deal with the United States, but Iranian…

Japan and US will “certainly” intervene again if yen resumes slide, says ex-BOJ official !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link

On the radarToday at 8am CET, Producer Price Index for June will be published in Romania.Today at 10:30am CET, Slovenia will release trade balance for June.Economic developmentsNuclear power plays a central role in Central and Eastern Europe’s energy mix, leaving the region with one of the largest shares of nuclear electricity production in the world, behind only France. However, despite intense summer heatwaves and dropping river water levels, CEE countries face vastly different operational risks depending on how their reactors are cooled. Plants relying on direct once-through river cooling—such as Paks in Hungary, Kozloduy in Bulgaria, and Cernavodă in Romania—are highly vulnerable to environmental conditions.…