News and Information

  On Thursday (October 12), in early Asian trading, the US dollar/Japanese yen continued to maintain momentum after successfully recovering the 149 mark. The US producer price index (PPI) and FOMC (FOMC) meeting notes failed to produce a meaningful boost to the US dollar. The foreign exchange market held interest rates and waited for the arrival of the US consumer price index (CPI) data. The sharp rise will lead to a large influx of traders into the US dollar in the short term. Inflation data will continue to be the market in the second half of this trading week...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on October 13, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1775 yuan for 1 US dollar, 7.6045 yuan for 1 euro, 4.8258 yuan for 100 yen, 0.91747 yuan for 1 Hong Kong dollar, 8.7990 yuan for 1 pound, 4.5694 yuan for 1 Australian dollar, and 4.5694 yuan for 1 New Zealand dollar for the people.

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on October 12, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1776 yuan for 1 US dollar, 7.6561 yuan for 1 euro, 4.8449 yuan for 100 yen, 0.91758 yuan for 1 Hong Kong dollar, 8.8701 yuan for 1 pound, 4.6327 yuan for 1 Australian dollar, and 4.6327 yuan for 1 New Zealand dollar for the people.

  At the close of the Asian market on Tuesday (October 10), the spot gold price showed a short-term rapid decline again, and the gold price was approaching $1,855/ounce. In the Asian market, the gold price once exceeded $1,865/ounce. This article will analyze the technical outlook of the gold market during the day. The US dollar index has recently rebounded to above 106.20, which has put pressure on the gold price. If the gold price can remain at $1,847.50/ounce...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on October 11, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1779 yuan for 1 US dollar, 7.6443 yuan for 1 euro, 4.8583 yuan for 100 yen, 0.91798 yuan for 1 Hong Kong dollar, 8.8582 yuan for 1 pound, 4.6437 yuan for 1 Australian dollar, and 4.6437 yuan for 1 New Zealand dollar.

  Federal Reserve Vice Chairperson Jefferson said the Federal Reserve should proceed cautiously after the surge in U.S. Treasury yields. The escalation of the Israeli-Palestinian conflict also makes it less likely that the Federal Reserve will raise interest rates again. Gold prices recorded their biggest gain since May. Top Fed officials are showing more consistency in the view that tighter financial conditions following the recent surge in U.S. Treasury yields may have replaced rate hikes. On Monday local time, Federal Reserve Vice Chairperson Philip Jefferson...

  The current stock market rally began in October 2022 and has been followed by a sustained rally in the S & P 500, with gains of more than 30% at its peak, but it is one of the weakest bull markets on record, according to Ned Davis Research. The investment firm stressed last month that the stock market rally is the third weakest start to a new bull market since 1950, and with good reason. NDR's Ned Davis...

  Five sources said talks between Venezuela and the United States are making progress. If Venezuelan President Nicolas Maduro resumes talks with the opposition in Mexico, the United States could allow at least one other foreign oil company to access Venezuelan crude oil to pay off its debt, meaning sanctions on Venezuela would be eased. Since last year, Venezuelan and U.S. envoys have held several meetings in Doha to restart efforts to resolve Venezuela's long-running political and economic crisis, including...

  Early trading crude oil varieties opened sharply lower, SC crude oil and fuel oil fell 6%, but most institutions are still optimistic about the outlook for crude oil... During the 11th holiday, crude oil and refined oil prices fell sharply, the market expressed concern about the Federal Reserve's interest rate hike and the continued high operation of the US dollar, and the increase in US gasoline inventories, the end of the peak driving travel season, the weakening of US crude oil demand, and the continued decline in the US stock market also affected market confidence. Market risk aversion preferences have cooled significantly, and international...

  Two weeks before and after our country's National Day holiday, the foreign exchange market basically ended smoothly, and the range was widened. The devaluation of the US dollar remained unchanged, but the appreciation was highly stimulative. In the two weeks, the US dollar index rose from 105.5845 points to 106.1276 points, an appreciation of 0.51%; the range price jumped at 105.5145-107.3502 points, with an amplitude of 1.73%, but the devaluation focused on the appreciation and blocked it very clearly. As a result, the euro, the pound and the Swiss franc...

  Short-term trading refers to buying and selling trades in a relatively short period of time in pursuit of quick profits. Short-term traders usually hold positions for a shorter period of time, usually a few minutes to a few days. They mainly focus on short-term fluctuations and trends in the market and try to make profits in these fluctuations. The goal of short-term trading is to make small profits in a short period of time. Traders may make multiple trades in order to accumulate profits. They usually set stop-loss levels to control risk and set profit...

  Within a month, Buffett "cut his meat" again... On Thursday, local time, the "stock god" Buffett's Berkshire Hathaway company submitted to the Securities Exchange Commission (SEC) documents show that the company recently sold about 3.07 million shares of HP stock, cashing in about 80.40 million dollars. It is worth noting that this is the second time in a month that Berkshire has reduced its holdings in HP. At the same time, after this reduction, Berkshire's holdings in HP have dropped to 1...

  The trade-off between a return to price stability and a slowing labour market has been at the heart of the Fed's 18-month campaign against inflation. Mainstream economic thinking and decades of economic history suggest that for inflation to fall back to its target, the Fed must slow economic growth, and with it rising unemployment, millions of Americans will lose their jobs or, in theory, inflation will remain high. Since early 2022, Fed officials have been reminding people that...

  Soaring US Treasury yields have become a sword hanging over global markets over the past week, with 10-year and 30-year yields calming after hitting 2007 highs of nearly 4.9 per cent and 5.1 per cent respectively. According to analysts, this is mainly due to the optimistic outlook for the US economy, the hawkish stance of the Federal Reserve and the deepening of the US fiscal dilemma. On Friday, the number of new non-farm payrolls exceeded expectations, further increasing the probability that the Federal Reserve will raise interest rates again this year....

  The trading win rate, trading frequency and profit and loss ratio constitute the "Mundell impossible triangle" in the field of futures trading. Investors need to find a balance according to their personality characteristics, operating habits, account funds, combined with risk tolerance, and create a trading system that suits them. Unknowingly, she has been a father for many years, and the children in the family have also grown up to wear red scarves. Since she started school, the amount of homework has increased with each year, especially when she was tutored to do arithmetic training, a lot of practice...