PBOC is expected to set the USD/CNY reference rate at 7.1690 – 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 »The storm clouds are starting to brew again
Yesterday, it looked like we were poised for a continuation in the risk recovery. That is until a much poorer 10-year Treasuries auction landed here. Demand was soft and that…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.1821 – 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 »Goldman Sachs Chief Executive Officer David Solomon says it was a healthy stock correction
Goldman Sachs Group Inc. Chief Executive Officer David Solomon in an interview: confident the US economy will avoid a recession Federal Reserve is unlikely to implement an emergency rate cut…
Read More »Japan July Manufacturing PMI (final): 49.1 (prior 50.0)
S&P Global / Jibun Bank Japanese Manufacturing PMI for July 2024 comes in at 49.1 first time under 50 (and into contraction) in 3 months prior 50.0, preliminary 49.2 In…
Read More »A technical look at each of the major currency pairs heading into the new trading week
EURUSD USDJPY: GBPUSD: USDCHF: USDCAD: AUDUSD and NZDUSD This article was written by Greg Michalowski at www.forexlive.com.
Read More »PBOC is expected to set the USD/CNY reference rate at 7. 2229 – 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 »AUD, NZD falling again
AUD and NZD aren;t the only FX falling against the dollar, but they are performing worse than EUR and GBP. CAD is losing ground also. JPY is rising, USD/JPY is…
Read More »UK July flash services PMI 52.4 vs 52.5 expected
Services PMI 52.4 vs. 52.5 expected and 52.1 prior. Manufacturing PMI 51.8 vs. 51.1 expected and 50.9 prior. Composite PMI 52.7 vs. 52.6 expected and 52.3 prior. Key Findings: Flash…
Read More »Nvidia reportedly working on version of new flagship AI chip just for Chinese market
The report cites three sources familiar with the matter. And it pertains to Nvidia’s “Blackwell” chip series, which was unveiled during March. The chip is due to be mass produced…
Read More »