New British Prime Minister will be Confirmed
There was no significant movement on Monday. The USDCAD movement was relatively large due to the dropping monthly Wholesale Trend released by Canada. The forecasted Canadian sales rate was 0.8% and the actual rate was -1.8%.
As the market increased the bet on “no-deal Brexit”, GBPUSD continued to decrease. The UK new prime minister candidate will be announce......
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USD/CNH technical analysis: Looks north with falling channel breakout
USD/CNH's daily chart shows a bearish channel breakout.
A break above 6.90 looks likely.
The path of least resistance for USD/CNH is on the higher side, technical charts indicate.
The pair closed at 6.8834, confirming a falling channel breakout. The pattern indicates the pullback from June's high of 6.9618 has ended and the bulls have regained control.
So, ...
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China Stock Market May Reclaim 2,900-Point Level
The China stock market turned lower again on Monday, one session after it had ended the three-day losing streak in which it had retreated more than 40 points or 1.3 percent. The Shanghai Composite Index now rests just above the 2,885-point plateau although it's expected to bounce higher again on Tuesday.
The global forecast for the Asian markets suggests mil...
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Bargain Hunting Likely To Lift Hong Kong Shares
The Hong Kong stock market turned lower again on Monday, one session after it had halted the two-day losing streak in which it had dropped more than 150 points or 0.6 percent. The Hang Seng Index now rests just above the 28,370-point plateau although it's expected to rebound on Tuesday.
The global forecast for the Asian markets suggests mild upside on earnin...
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PBOC injects nearly 300bn yuan into market for one year in TMLF
This is the Targeted Medium Term Lending Facility we heard rumours of earlier
PBOC said to be conducting a targeted MLF today
297.7bn yuan of TMLF
one year
3.15%
Also, 200m yuan MLF
3.30%
one year
PBOC says these to effectively roll over amounts in MLFs maturing today.
Note: Reprinted from Forexlive , the copyright belongs to the original aut...
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PBOC sets Yuan reference rate at 6.8818
The People's Bank of China (PBOC) has set the Yuan reference rate at 6.8818 vs Monday's fix of 6.8759.
Note: Reprinted from FXStreet , the copyright belongs to the original author, if there is infringement, please contact us to delete....
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HK press: US trade war negotiators likely to visit China next week for face-to-face talk
The South China Morning Post with the overnight report on what they say is a "likely" visit.
US trade war negotiators likely to visit China next week
for first face-to-face talk since G20
Robert Lighthizer and Treasury Secretary Steven Mnuchin are set to meet Vice-Premier Liu He
SCMPP cite an unnamed source. It wasn't me …. I didn't think it'd be until ea...
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Australian Market Advances
The Australian stock market is advancing on Tuesday following the positive cues overnight from Wall Street amid expectations of upbeat earnings results from major companies this week. Oil and bank stocks are higher, offsetting weakness in the mining sector.
The benchmark S&P/ASX 200 Index is ris...
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PBOC sets USD/ CNY reference rate for today at 6.8818 (vs. yesterday at 6.8759 )
People's Bank of China onshore yuan mid point for the session.
No open market operations today
Note: Reprinted from Forexlive , the copyright belongs to the original author, if there is infringement, please contact us to delete....
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FX option expiries at the 10am New York cut today, 23 July
USD/JPY:
107.00 929m USD
108.00 800m
109.00 647m
GBP/USD
1.2400 703m GBP
USD/CAD
1.3000 703m USD
Note: Reprinted from Forexlive , the copyright belongs to the original author, if there is infringement, please contact us to delete....
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FOREX-Sterling on back foot due to growing concern about no-deal Brexit
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
* Investors focus on Britain's new prime minister
* Expectations for dovish ECB hurt euro
* Dollar little changed as rate cut expectations fluctuate
TOKYO, July 23 (Reuters) - Sterling was on the back foot on Tuesday as investors worried Boris Johnson, the frontrunner to become the UK's next prime ...
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NY Times: “Chinese” money in the US is drying up
ASIA:
Mass protests occurred over the weekend in Hong Kong. The public was forewarned of the protests through social media as locals were advised to stay clear of protestors. Overall, China was pleased with the handling of the protestors by local authorities. The Foreign Ministry said local authorities should use all necessary measures to “safeguard the rule...
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USD/IDR technical analysis: 14,140/45 is the level to beat for buyers
Resistance-line of a short-term failing channel, 4H 200MA limit the USD/IDR pair’s latest recovery.
13,885 and channel’s support-line could please sellers during fresh entry.
Having breached immediate resistance-line, USD/IDR takes the bids to 13,941 during early Tuesday.
Break of short-term upside barrier and absence of oversold technical indicators favors...
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Huawei's Futurewei Technologies sends US workers packing - Reuters
Futurewei Technologies Inc, the US research arm of China’s Huawei Technologies Co Ltd, began laying off workers on Monday.
The layoffs come two months after the US President Trump put Huawei on the blacklist, making it illegal for its US subsidiary to transfer sensitive technologies to its parent and restricting the Chinese giant from purchasing products fr...
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