The Impact of USD/CNY Central Rate Set by People’s Bank of China Introduction On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1752 as compared to the previous day’s fix of 7.1763 and 7.2591 Reuters estimate. This move by the
Trump’s Tariffs: A Catalyst for Rising Inflation and Economic Uncertainty In recent months, President Donald Trump’s administration has implemented a series of tariffs targeting imports from major trading partners, including China, Canada, and Mexico. These protectionist measures have ignited debates among economists, policymakers, and consumers regarding their potential impact on
AUD/USD Technical and Fundamental Analysis: Bullish Momentum Within Ascending Channel, Is a Breakout Imminent? As the Australian Dollar (AUD) navigates a critical phase against the US Dollar (USD), recent technical indicators coupled with pivotal fundamental developments suggest potential upward momentum. This detailed analysis delves into technical price action, market signals,
Golden Opportunities: A Look Ahead at Key Data This Week for Precious Metal Investors Gold has been little changed so far in the day, with all the action taking place in the equities space. Shares on Wall Street took another plunge today, continuing their recent poor form, as President Trump’s
Unlocking the Secrets of the EUR/USD: A Currency Pair to Watch in March 2025 The US Dollar’s Downward Pressure This week, the US dollar is facing significant downward pressure as weakening US economic data suggests the possibility of an earlier-than-expected rate cut by the Federal Reserve. This situation is leading
In February 2025, the U.S. labor market demonstrated resilience by adding 151,000 jobs, a slight increase from January’s revised figure of 143,000. However, this growth fell short of economists’ expectations of 160,000 new positions. The unemployment rate experienced a modest uptick, rising to 4.1% from the previous 4.0%. Sector-Specific
USD/CNY Analysis: Navigating Trade Tensions and Market Dynamics The USD/CNY currency pair, representing the exchange rate between the U.S. dollar and the Chinese yuan, is a critical indicator of economic relations between the world’s two largest economies. Recent developments in trade policies and economic strategies have significantly influenced this exchange
European Leaders Convene in London to Forge Peace Plan Amid Ukraine Crisis In a pivotal move to address the escalating conflict in Ukraine, European leaders have gathered in London for an emergency summit. Hosted by British Prime Minister Keir Starmer, the summit aims to develop a comprehensive peace plan and
Japan is poised to transform its global export landscape by harnessing the cultural allure of anime, manga, and video games—shifting the nation’s image from high-tech manufacturing to a beacon of “cool.” In a bold reimagining of the long-standing Cool Japan initiative, government leaders and industry giants are setting ambitious targets
In the latest daily chart analysis for EUR/USD, the currency pair appears poised for a potential breakout while navigating pivotal economic data from both the Eurozone and the United States. After a series of higher lows in February, EUR/USD has climbed back above the psychologically important 1.0600 level, showing signs
Breaking Down the GBP/USD Forecast: Pound on the Rise Before Fed Minutes Unveiled The Current Trend The GBP/USD pair has been experiencing a strong bullish trend lately, with the pound gaining more than 2% over the last six trading sessions. This surge in the value of the pound has been
The British Pound (GBP) has been navigating a volatile landscape against the U.S. Dollar (USD), with recent price action forming a critical technical pattern. The daily chart of GBP/USD indicates a potential breakout scenario as the pair tests a key resistance level. Coupled with upcoming economic data from both the
The NZD/USD pair has been under pressure, fluctuating between 0.5620 and 0.5680 in recent sessions. The pair’s technical outlook suggests a possible recovery, but key economic indicators and global market conditions continue to influence its trajectory. Technical Analysis: A Potential Reversal? The daily chart of NZD/USD reveals a prolonged downtrend,
Tariffs have become a central talking point in international trade discussions, especially with former President Donald Trump’s push for levies on major US trading partners such as China, Mexico, and Canada. While these import taxes generate headlines, they also carry real economic consequences for businesses and consumers alike. Below, we
Unlocking the Potential: A Look into the EUR/AUD Weekly Forecast Understanding the Market Trends The EUR/AUD currency pair has recently experienced a late break of the 1.6481 cluster support level, which represents a 38.2% retracement of the previous range from 1.5963 to 1.6800. This break suggests that a double top
Former President Donald Trump’s latest plan to enforce tariffs is raising eyebrows and stirring debates on the future of international trade. As the clock ticks toward a critical deadline in 2025, policymakers, economists, and industry leaders are watching closely to see how these measures might recalibrate the balance of global
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