PBOC is expected to set the USD/CNY reference rate at 7.3239 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »S&P 500 Posts Late Recovery as Gold Melts Below $1900, Where to Next?
Risk Assets continued their struggle today but did post late session recovery, as Gold prices felt the full weight of rising US Yields. Will the recovery late in the US…
Read More »New Zealand: ANZ Business Confidence improves to 1.5 vs. -3.7 prior
The latest data released by the National Bank of New Zealand on Thursday showed that ANZ Business Confidence for September improved to 1.5 from a 3.7
Read More »Dollar stays in the driver’s seat for now
It’s all about what is happening in bonds right now and with Treasuries still selling off, it is keeping the dollar underpinned. 10-year yields in the US may be down…
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Live Trading My Divergence Pullback Strategy – How to Catch Huge Moves
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FTMO Challenge Update 11 – Just 1 More Trade Entry
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Read More »Market Update – September 26 – Bears in control!
Asian stock markets sold off, with Hang Seng and CSI 300 extending yesterday’s slide, as concern about China’s property sector deepened. Evergrande Group’s mainland unit said it failed to repay…
Read More »USD/CAD Price Forecast: USD/CAD Breaks 5-day Range Despite Resumption of WTI Rally
The Loonie struggled today after a period of consolidation as a rampant US Dollar and rising US Yields saw USDCAD make a run for recent highs. The start of the…
Read More »Australia Monthly CPI Forecast: Inflation expected to accelerate in August on higher petrol prices
The Australian Monthly Consumer Price Index (CPI) inflation data for August will be published by the Australian Bureau of Statistics (ABS) on Wednesda
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