AUD/USD Gains Alongside Dow Jones as APAC Traders Eye China Yuan Loans, US CPI
AUD/USD rose overnight, putting in a third daily gain, as Wall Street stocks surged amid improving sentiment. China's new Yuan loans for January may cross the wires today as investors…
Read More »Chinese Yuan Forecast: Q2 GDP Key to Gauge PBOC, USD/CNH Outlook
USD/CNH is pushing lower as traders prepare for China's second quarter GDP print to cross the wires. The Yuan may break current support at the 26-day EMA if the data…
Read More »Eyes on the USD/CNY reference rate setting after yesterday’s PBOC yuan
Yesterday a PBOC Dep Gov said 2-way fluctuation of the yuan will become a new normal The comments followed a bot more of a muddled message from the boss, when…
Read More »USD/CNH Forecast: Yuan Loans Data May Show China’s Appetite for Stimulus
The Chinese Yuan and Asia-Pacific equity markets may move on incoming March new loans data. Meanwhile, traders will be eyeing an interview with US Fed Chair Powell.
Read More »JPM raise USD/CNY year-end forecast to 6.35 (from 6.25)
Ahead of today’s onshore yuan reference rate setting, a brief excerpt from a JP Morgan note Citing — As you can see from the chart below, JPM are not bullish…
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