Analysts at Commerzbank explained that USD/CNY spiked to the weakest level since January 2017, reflecting the bearishness towards the economic and currency outlook.  Key Quotes: “As such, there is increasing speculation that the PBoC will not be able to defend the 7 hurdle in USD-CNY in the coming months. “ “We do see rising risks
Cable under heavy pressure Risk off markets are giving the US dollar and yen a major lift. GBP/USD is suffering as the S&P 500 falls 48 points to 2760, falling through the 200-day moving average. Cable just ticked below the Oct 6 and is at the worst levels since the start of the month. The
The index fades the initial optimism and eases to 95.50. Yields of the US 10-year note return above 3.21%, fresh peaks. US Initial Claims and Philly Fed index next of relevance in the docket. The greenback, in terms of the US Dollar Index (DXY), is now fading the initial spike to the vicinity of 95.80
US FOMC minutes reaffirmed Fed’s hiking bias, putting a bid under the US dollar. USD/CNH jumped to a one-week high of 6.9375, validating the bullish chart bias. Currently, the USD/CNH pair is trading at 6.9348, having clocked a seven-day high of 6.9375 earlier today. The bid tone around the greenback picked up a bid in Forex Trading Strategies That Work- Watch this video on tips and strategies how to profit on forex trading. ———————————— What you learn forex trading strategies forex trading strategies- best forex trading strat forex trading strategies that work forex trading strategies pdf forex trading strategies forex trading strategies 2011 forex trading strategies 2012 forex
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Bonds calm The focus on Treasury yields has dissipated in large part due to falling volatility in bonds. The US 10-year note yield is up 0.4 basis points today to 3.16% and has only traded in a 3.14-3.17% range. Stocks, meanwhile, have been bouncing around. The S&P 500 fell as low as 2781 but is
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The pair remains within familiar range and tests lows around 1.1550. The greenback looks to pick up pace and approaches 95.30. EMU final September CPI matched the preliminary readings. EUR/USD keeps struggling for direction in the middle of the week and is now navigating the mid-1.1500s following the release of CPI figures in Euroland. EUR/USD
This analysis was first published on July 20, 2018. It is repeated here as fears of a clash between Italy and the EU over the country’s budget are holding back the Euro. Italy submitted its budget for review to the EU Tuesday, likely bringing tensions over the country’s spending plans to the fore. The budget