News and Information

  Pivot Points are often used when conducting foreign exchange technical analysis. In fact, many times the support and resistance points given by analysts are based on the value of Pivot Points. Like many foreign exchange trading strategies, Pivot Points trading strategies are based on probability. Here is a foreign website that conducts probability statistics on each point of Pivot Points...

  Really want to mix in the market, it is complicated and complicated, simple and simple, because as long as you grasp the following points and persevere, it is difficult not to win. 01 First, always look at the weekly and daily lines, do not look at the cycle below the daily line (do the middle line); second, only use the moving average, trend line, neckline, false swing, retracement, and ignore anything else; third, the total position should not exceed 50%, and the single (commodity) position should not exceed 30%; fourth, try to build a position, wrong stop loss, right add...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on November 13, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1769 yuan for 1 US dollar, 7.7042 yuan for 1 euro, 4.7693 yuan for 100 yen, 0.91882 yuan for 1 Hong Kong dollar, 8.8163 yuan for 1 pound, 4.5950 yuan for 1 Australian dollar, and 4.5950 yuan for 1 New Zealand dollar.

  According to Kitco News, after the Federal Reserve held interest rates steady for the second consecutive meeting, the market is quite confident that the US central bank has ended its tightening cycle. However, Adrian Day, chairperson and CEO of Adrian Day Asset Management, said the chances of another rate hike are still more than 50%. Beware of another rate hike. Despite the looming recession, the Federal Reserve may not be over yet,...

  Malawi's currency has lost 44 percent of its value due to a shortage of dollars, which has limited imports of fuel and other commodities from the heavily indebted southern African country. (Image: Bloomberg) The Reserve Bank of Malawi said in a statement that the dollar/kwacha was quoted at 1,700 on Thursday (Nov 9), compared with 1,180.29 previously. The adjustment has reduced the value of kwacha by two-thirds from the start of the year, according to data compiled by Bloomberg...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on November 10, 2023, the central parity of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 7.1771 yuan, 1 euro to 7.6917 yuan, 100 yen to 4.7744 yuan, 1 Hong Kong dollar to 0.91928 yuan, 1 pound to 8.8153 yuan, 1 Australian dollar to 4.5961 yuan, 1 New Zealand dollar to the people...

  Gold prices fell for a third straight session on Wednesday as investors sought fresh clues about the stance of the Federal Reserve on interest rates. (Spot gold chart) Spot gold closed down $18.91 an ounce, or 0.96%, to close at $1950.16 an ounce on Wednesday. COMEX December gold futures closed down $15.70 an ounce, or 0.80%, to close at $1957.80 an ounce. COMEX...

  Jeffrey Sherman, DoubleLine's deputy chief investor, said the Fed was "the enemy of investors," according to Insider. Jeffrey Gundlach, the "bond king," is deputy chief investor in DoubleLine, which manages about $96 billion in assets.

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on November 9, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1772 yuan for 1 US dollar, 7.7143 yuan for 1 euro, 4.7843 yuan for 100 yen, 0.91835 yuan for 1 Hong Kong dollar, 8.8514 yuan for 1 pound, 4.6212 yuan for 1 Australian dollar, and 4.6212 yuan for 1 New Zealand dollar.

  On Tuesday (November 7), the dollar rallied, world stocks regained lost ground, Wall Street stocks surged, and investors assessed the Federal Reserve's comments that the U.S. economy is too strong and may need to raise interest rates again to curb inflation. The safe-haven rally triggered by tensions in the Middle East faded, and risk appetite before Powell's speech drove gold prices down to a new low of nearly two weeks to $1,956.57 an ounce. (Spot gold chart) Spot gold closed at $1,99.07 an ounce on Tuesday...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on November 8, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1773 yuan for 1 US dollar, 7.7133 yuan for 1 euro, 4.8051 yuan for 100 yen, 0.91793 yuan for 1 Hong Kong dollar, 8.8672 yuan for 1 pound, 4.6446 yuan for 1 Australian dollar, and 4.6446 yuan for 1 New Zealand dollar.

  The three-week short squeeze on gold has ended, fueled by renewed safe-haven demand fueled by political uncertainty. While gold is still attracting some bullish interest, hedge funds are moving away from silver. According to Kitco News, according to the latest trade data from the Commodity Futures Trading Commission, the renewed safe-haven demand fueled by political uncertainty...

  Wharton professor Jeremy Siegel says the Federal Reserve needs to consider cutting interest rates sooner than the market expects. He tells Everyday that inflation is largely under control and the threat of an imminent recession is real. Wharton professor Jeremy Siegel said Monday that the Federal Reserve needs to remain flexible and consider cutting interest rates earlier than the market expects. That's because the threat of an imminent recession follows weak economic data and inflation is mostly under control...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on November 7, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1776 yuan for 1 US dollar, 7.7230 yuan for 1 euro, 4.8118 yuan for 100 yen, 0.91766 yuan for 1 Hong Kong dollar, 8.8949 yuan for 1 pound, 4.6826 yuan for 1 Australian dollar, and 4.6826 yuan for 1 New Zealand dollar.

  Central Bank Super Week is well-deserved! This week, the Fed's dovish suspension of interest rate hikes has caused global stocks and bonds to go crazy. Coupled with the weak non-farm employment data, the market's expectations for the Fed to raise interest rates have cooled. US stocks have recorded the largest weekly growth this year, and the US dollar continues to decline. At the same time, the Bank of Japan's decision has caused the yen to catch a roller coaster. October 30-November 3 Market Roundup: Central Bank Super Week is well-deserved! Last week, the Fed's dovish suspension of interest rate hikes has caused global stocks and bonds to go crazy...