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PBOC sets USD/ CNY central rate at 7.1896 (vs. estimate at 7.2806)

December 10, 2024

The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to …

Central Banks

PBOC is expected to set the USD/CNY reference rate at 7.2806 – Reuters estimate

December 10, 2024

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 …

Central Banks

The Bank of Canada is expected to cut by 50bp again this week – preview

December 9, 2024

RBC expect the Bank of Canada to cut its benchmark rate by another 50bp at its meeting on Wednesday, December 11, 2024: adding to a …

Central Banks

US Dollar mirroring post-election rally; HSBC analysts predict renewed strength

December 9, 2024

HSBC analysts have noted that the US dollar’s recent movements are closely mirroring its behaviour eight years ago after Trump’s initial presidential election victory. Following …

Central Banks

Reserve Bank of Australia monetary policy Statement due today – what to watch

December 9, 2024

The Reserve Bank of Australia policy statement will be released at 2.30pm Sydney time on Tuesday, December 10, 2024. 0330 GMT / 2230 US Eastern …

Central Banks

Economic calendar in Asia 10 December 2024 – Chinese trade data + RBA policy decision

December 9, 2024

I posted a preview of the Reserve Bank of Australia yesterday. The TL;DR is watch the statement: Reserve Bank of Australia meeting on Tuesday, December …

Technical Analysis

Crude oil settles at $68.37

December 9, 2024

The price of crude oil is settling at $68.37. That is up $1.17 or 1.7%. The high price reached $68.85. The low price was at …

Central Banks

Atlanta Fed GDPNow growth estimate for 4Q remains at a robust 3.3%

December 9, 2024

The Atlanta Fed GDPNow growth estimate for 4Q remains at 3.3%. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted …

Technical Analysis

EURUSD backs off from topside resistance target

December 9, 2024

The EUR/USD began the U.S. session near the 38.2% retracement level of the decline from the November high, at 1.05628. After an initial reversal to …

Technical Analysis

USDJPY tests and extends above – the topside swing area target

December 9, 2024

The USDJPY is pushing higher and in-the-process has stretched to – and now through – a swing area between 151.198 to 151.27 area. Earlier today, …

Technical Analysis

USDCHF makes a break for it. Falls below 200 hour MA and finds sellers.

December 9, 2024

The USD/CHF pair moved higher during the Asian-Pacific session, briefly breaking above a key swing area between 0.8794 and 0.87995 (rounded to 0.8800). The high …