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News

PBOC sets yuan reference rate at 6.4696
The People's Bank of China (PBOC) has set the yuan reference rate at 6.4696 versus Wednesday's fix at 6.4836. | 21/01/2021 01:16
The People's Bank of China (PBOC) has set the yuan reference rate at 6.4696 versus Wednesday's fix at 6.4836.
Popular News
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GBP/USD stabilises around 1.3950 mark following sharp end-of-month drop
GBP/USD is stabilising around the 1.3950 mark as the week draws to a close, sharply below multi-year highs set back on Wednesday of close to 1.4250, t | 26/02/2021 20:34
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EUR/USD set to end the week on a sour note, drops sharply back below 1.2100
What looked like a promising week for the euro is ending on a sour note. Having hit seven-week highs in the 1.2240s on Thursday (up more than 1.0% at | 26/02/2021 18:04
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United States Baker Hughes US Oil Rig Count up to 309 from previous 305
United States Baker Hughes US Oil Rig Count up to 309 from previous 305 | 26/02/2021 18:03
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USD: Rally seen as a temporary FX market correction rather than the start of a sustained rebound – MUFG
The sharp move higher in US yields has finally started to spill over more into the FX market were a correction is now underway, point out analysts at | 26/02/2021 17:47
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Banxico to keep policy rate at 4% next month – Capital Economics
"Mexico has been one of the hardest hit EMs during the recent rout in global bond markets," notes Capital Economics' Nikhil Sanghani. "The 10-year loc | 26/02/2021 17:32
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WTI remains supported above $62.00, but weighed by buoyant US dollar
A buoyant US dollar into the month-end is weighing on USD-priced crude oil markets on the final trading day of the week. On the day, front-month futur | 26/02/2021 17:28
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US: Personal income in January largely reflecting the stimulus checks – Wells Fargo
During January, personal income jumped 10%. Analysts at Wells Fargo explain the number reflects stimulus checks that also boosted spending. Despite th | 26/02/2021 17:27
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USD/CAD resumes upside and rises above 1.2700
The USD/CAD resumed the upside during Friday’s American session and climbed to 1.2707, reaching the highest level in a week. The pair has now risen mo | 26/02/2021 17:24
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AUD/USD closes in on 0.7700 as USD continues to gather strength ahead of weekend
After recovering toward 0.7800 in the early American session, the AUD/USD pair lost its traction and dropped to its lowest level in more than two week | 26/02/2021 17:18
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ECB's Visco: Extreme prudence must be used before exiting support measures
Central banks must use "extreme prudence" before exiting support measures, European Central Bank Governing Council member Ignazio Visco told G20 on Fr | 26/02/2021 17:02
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NZD/USD’s sharp reversal continues but pair finds support at 0.7250
Friday is seeing another sharp drop in NZD/USD. At present, the currency trades around 1.6% or nearly 120 pips lower on the day and has slumped all th | 26/02/2021 16:44
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ECB's Stournaras: ECB should accelerate PEPP purchases
European Central Bank (ECB) policymaker Yannis Stournaras said on Friday that the ECB should accelerate the purchases within the Pandemic Emergency Pu | 26/02/2021 16:39
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US: Atlanta Fed's GDPNow declines to 8.8% for Q1 after latest US data
The real gross domestic product (GDP) in the United States is expected to grow by 8.8%, down from 9.6% on February 25, in the first quarter of 2021, t | 26/02/2021 16:34
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US: NY Fed's GDP Nowcast rises to 8.7% for Q1 after this week's data
The US economy is expected to grow by 8.7% in the first quarter of 2021, the Federal Reserve Bank of New York's latest Nowcasting Report showed on Fri | 26/02/2021 16:31
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USD/JPY prints five-month highs near 106.60
The USD/JPY is rising for the fourth consecutive day, supported by higher US yields and even risk aversion. The pair is trading at 106.60, at the high | 26/02/2021 16:08
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Gold Price Analysis: XAU/USD has significant support only at $1,712 – Confluence Detector
Gold is suffering a meltdown – alongside stocks – as US Treasury yields are surging on elevated growth and inflation forecasts. The precious metal has | 26/02/2021 16:06
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USD/JPY: The technical momentum is higher
The USD/JPY was the standout in a week of middling dollar performance, rising in the three mid-week sessions and consolidating those gains on Friday, | 26/02/2021 16:01
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AUD/USD: Poised to extend its current decline, but not for much
The AUD/USD pair hit 0.8006 on Thursday, a fresh three-year high, but it was all downhill from there. The aussie fell to 0.7730 on Friday, bouncing ju | 26/02/2021 15:59
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EUR/USD hints a change to the downside
EUR/USD peaked on Thursday at 1.2242, its highest level in over a month, but trimmed gains on Friday to finish a second consecutive week unchanged jus | 26/02/2021 15:48
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EUR/GBP stabilises around the 0.8700 mark as choppy week draws to a close
EUR/GBP is consolidating around the 0.8700 level, with sellers having come in ahead of the pair’s 21-day moving average, which currently resides at 0. | 26/02/2021 15:41
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Colombia National Jobless Rate rose from previous 13.4% to 17.3% in January
Colombia National Jobless Rate rose from previous 13.4% to 17.3% in January | 26/02/2021 15:40
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GBP/USD points to a bounce toward 1.40 amid Britain's prospects of exiting the crisis
GBP/USD has been extending its rally after UK PM Johnson presented a compelling exit strategy. US stimulus, a full buildup to Nonfarm Payrolls and Bri | 26/02/2021 15:39
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ECB to look through the temporary volatility in inflation – Rabobank
Markets have been in the grips of reflation, although the rise in market-based inflation expectations is not being echoed so far by households. Cost-p | 26/02/2021 15:31
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US: UoM Consumer Sentiment Index falls to 76.8 (final) in February vs. 76.5 expected
The Consumer Sentiment Index in the US fell to 76.8 (final) in February from 79 in January, the University of Michigan's latest Surveys of Consumers s | 26/02/2021 15:03
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United States Michigan Consumer Sentiment Index came in at 76.8, above forecasts (76.5) in February
United States Michigan Consumer Sentiment Index came in at 76.8, above forecasts (76.5) in February | 26/02/2021 15:00
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Silver slips below 21DMA, eyes last week’s low and 50DMA at $26.50
Spot silver (XAG/USD) prices have slipped below their 21-day moving average, which currently resides just above $27.30, and below the psychological $2 | 26/02/2021 14:59
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Breaking: Gold melts below $1,750, lowest in 8 months amid high Treasury yields
more to come | 26/02/2021 14:51
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US: Chicago PMI declines to 59.5 in February vs. 61.1 expected
The data published by the ISM-Chicago showed on Friday that the Chicago Purchasing Managers' Index (PMI) in February dropped to 59.5 from 63.8 in Janu | 26/02/2021 14:50
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EUR/USD stays depressed near 1.2100 ahead of further data
EUR/USD remains immersed in the negative territory and hovers around the 1.2100 zone at the end of the week. EUR/USD looks to US data EUR/USD looks to | 26/02/2021 14:46
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United States Chicago Purchasing Managers' Index registered at 59.5, below expectations (61.1) in February
United States Chicago Purchasing Managers' Index registered at 59.5, below expectations (61.1) in February | 26/02/2021 14:45
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