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PBOC sets USD/ CNY reference rate for today at 7.1699 (vs. estimate at 7.2780)
PBOC sets USD/ CNY reference rate for today at 7.1699 (vs. estimate at 7.2780)
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
PBOC sets USD/CNY reference rate at 7.1699 vs. 7.1691 previous
PBOC sets USD/CNY reference rate at 7.1699 vs. 7.1691 previous
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1699 as compared to the previous day's fix of 7.1691 and 7.2780 Reuters estimates.
USDCNY
PBOC
CentralBanks
Currencies
NZD/USD gains traction above 0.5650 ahead of US NFP release
NZD/USD gains traction above 0.5650 ahead of US NFP release
The NZD/USD pair trades firmer near 0.5680 during the Asian trading hours on Friday.
NZDUSD
Majors
Macroeconomics
TradeWar
PBOC is expected to set the USD/CNY reference rate at 7.2780 – Reuters estimate
PBOC is expected to set the USD/CNY reference rate at 7.2780 – Reuters estimate
PBOC CNY reference rate setting for the trading session ahead.
CNY
China Stock Market
China
CNH
pboc
BoC’s Macklem: Trump's tariffs threat already having an impact
BoC’s Macklem: Trump's tariffs threat already having an impact
Bank of Canada Governor Tiff Macklem said late Thursday that a policy shift in the US was causing uncertainty and President Donald Trump's tariff threats were already impacting businesses and households, per Reuters.
BOC
CentralBanks
Canada
Macroeconomics
TradeWar
EUR/USD hobbles into another NFP Friday
EUR/USD hobbles into another NFP Friday
EUR/USD churned some chart paper on Thursday, testing to the low side but wrapped up the day remaining stubbornly stuck near the 1.0400 handle.
EURUSD
NFP
Currencies
WTI extends downside below $70.50 as US-China trade war intensifies
WTI extends downside below $70.50 as US-China trade war intensifies
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.35 during the early Asian session on Friday.
Oil
WTI
Commodities
Macroeconomics
GBP/USD pulls back after BoE rate cut
GBP/USD pulls back after BoE rate cut
GBP/USD shuddered on Thursday, punching in a technical rejection from key averages and testing below the 1.2400 handle.
GBPUSD
BOE
NFP
Japan data: December Household Spending YoY +2.7% (vs. expected: 0.2%, previous: -0.4%)
Japan data: December Household Spending YoY +2.7% (vs. expected: 0.2%, previous: -0.4%)
More encouragement for the Bank of Japan on its rate hiking path ahead
USD/CAD holds positive ground above 1.4300 ahead of US, Canadian labour market data
USD/CAD holds positive ground above 1.4300 ahead of US, Canadian labour market data
The USD/CAD pair posts modest gains around 1.4305 during the late American session on Thursday, bolstered by a mild bounce in US yields.
USDCAD
Majors
Macroeconomics
TradeWar
Fed's Logan: Cooling labor market could be evidence its time to cut rates
Fed's Logan: Cooling labor market could be evidence its time to cut rates
Federal Reserve (Fed) Bank of Dallas President Lorie Logan hit newswires late on Thursday, noting that inflation progress has been significant, the US labor market remains far too firm to push the Fed into rate cuts any time soon.
Fed
CentralBanks
InterestRate
Forexlive Americas FX news wrap: Pound bounces back after rate cut
Forexlive Americas FX news wrap: Pound bounces back after rate cut
Forex news for North American trading on Feb 6, 2025
Session wrap
Wrap Nth America
Crypto.com Appoints Giuseppe Giuliani as Senior Managing Director, Global Head of Exchange
Crypto.com Appoints Giuseppe Giuliani as Senior Managing Director, Global Head of Exchange
News Discussion Forum
By Finance Magnates
Crypto.com Appoints Giuseppe Giuliani as Senior Managing Director, Global Head of Exchange
Giuseppe Giuliani has started a new position as the Senior Managing Director, Global Head of Exchange at Crypto.com.
crypto.com
Kraken
US equity close: An afternoon dip is bought
US equity close: An afternoon dip is bought
Closing changes for the main North American equity markets
Economic calendar in Asia 07 February 2025 - speeches from BOC Gov Macklem, Fed's Logan
Economic calendar in Asia 07 February 2025 - speeches from BOC Gov Macklem, Fed's Logan
Asian Economic Calendar: Key Events and Consensus Expectations for 07 February 2025
economic calendar
Australian Dollar down as markets await US NFPs
Australian Dollar down as markets await US NFPs
The Australian Dollar (AUD) softens to around 0.6280 in Thursday’s American session, tallying nearly 0.30% losses.
AUDUSD
SEO
Currencies
TradeWar
The number 20 is important in technical analysis, and for some reasons.
The number 20 is important in technical analysis, and for some reasons.
NVDA finds support within the number 20 (weekly bars in this case). Not a coincidence. You will see that principle repeating.
Learn Technical Analysis
Stocks
Forex Today: Tariffs and NFP should keep markets cautious
Forex Today: Tariffs and NFP should keep markets cautious
The US Dollar regain some composure and partially reversed the weekly correction ahead of the release of the key US labour market report and amid persistent uncertainty surrounding Trump’s trade policies.
NFP
Employment
DollarIndex
Currencies
EURUSD
Banxico cuts rates by 50 bps to 9.50% as expected
Banxico cuts rates by 50 bps to 9.50% as expected
The Banco de Mexico (Banxico) lowered interest rates by 50 basis points (bps) as expected by analysts, though the decision was not unanimous as Deputy Governor Jonathan Heath voted for a 25-bps rate cut.
USDMXN
Banxico
Mexico
InterestRate
Fed's Goolsbee: Uncertainty means Fed will hit a slower pace of cuts
Fed's Goolsbee: Uncertainty means Fed will hit a slower pace of cuts
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Thursday that while the Fed is on pace to achieve its inflation and employment targets, there is still some room to move on inflation before victory can be claimed.
Fed
CentralBanks
InterestRate
US Treasury Secretary Bessent: We aren't focused on whether the Fed will cut
US Treasury Secretary Bessent: We aren't focused on whether the Fed will cut
US Treasury Secretary Scott Bessent hit newswires on Thursday, touching on a variety of topics that suggest the President Donald Trump's administration will achieve both US Dollar (USD) strength and a general decline in Treasury yields at the same time.
UnitedStates
TradeWar
Fed
InterestRate
Oops! Binance Tutorial Accidentally Sent Test Token Soaring Over 1,000%
Oops! Binance Tutorial Accidentally Sent Test Token Soaring Over 1,000%
News Discussion Forum
By Finance Magnates
Oops! Binance Tutorial Accidentally Sent Test Token Soaring Over 1,000%
An obscure test token briefly became a multimillion-dollar asset before plummeting just as fast. A BNB Chain tutorial video accidentally revealed the memecoin TST, triggering a speculative wave tha...
binance
Changpeng Zhao
US Dollar picks up gains ahead of Nonfarm Payrolls
US Dollar picks up gains ahead of Nonfarm Payrolls
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, struggles to hold its recent gains, trading below 108.00 on Thursday.
DollarIndex
SEO
Currencies
Majors
TradeWar
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