Author: FX
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1707 as compared to Friday’s fix of 7.1699 and 7.3050 Reuters estimates. 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 Party…
Forex trading can stir up strong feelings. Many traders struggle to keep calm when prices shift. Managing emotions in forex trading is key to success. Stress, fear, and greed can lead to bad choices. This guide shows how to handle these feelings. It offers simple tips to stay cool under pressure. Learn to trade with a clear head. Key Takeaways Emotions like fear, greed, and impatience can lead to bad trading choices. Using stop losses and take profit orders helps remove emotions from trades. Keeping a trading journal tracks results and reveals behavior patterns. Mindfulness techniques like deep breathing…
Singapore's DBS flags higher margins, plans capital return Source link
Reciprocal tariffs will go into effect almost immediatelyTrump says he will announce 25% steel and aluminum tariffs on MondaySteel and aluminum tariffs to apply to all countriesNippon Steel can’t have a majority stake in US SteelThere is usually a process for this so we will see how it actually shakes down. For instance, in 2017, the steel and aluminum tariffs under Section 232 required an investigation that strated on April 20, 2017 and it wasn’t until March 1, 2018 that they went into effect. Now he could argue the old investigation still applies but that could face challenges in court…
Ukraine's Zelenskiy: Trump plan must not only end war but prevent new Russian aggression Source link
The FX market enters another pivotal week marked by significant central bank divergence, trade dynamics, and global inflation updates! Source link
This week our currency strategists focused on the New Zealand Employment report and Bank of England monetary policy statement for potential high-quality setups in the Kiwi and the British pound. Out of the eight scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay. 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…
AI imageDoes Trump want tariffs to raise revenue or does he want foreign countries to lower barriers? His comments and actions indicate he wants it both ways.On Friday, the market was concerned about the latest comments from Trump.“I’ll be announcing that next week — on reciprocal trade — so that we’re treated evenly with other countries. We don’t want any more or any less,” Trump told reporters in the Oval Office.This follows a report saying he would enact reciprocal tariffs, particularly on autos.Trump has said that he wants US automakers to be treated equally in Europe. Currently the US has…
Capital One Financial declares $0.60 dividend Source link
Thai nationals held captive by Hamas for 15 months return home Source link