News and Information

  The Federal Reserve has announced that its new instant payments system, FedNow, is now live, with the aim of modernising the US payment system so that Americans can send and receive money in seconds at any time. The Fed's introduction on Thursday of FedNow, a new instant payments system that can move money electronically in seconds, is a significant step forward for a country where paper checks and cash are still popular and bank transfers can take days to complete, according to people familiar with the matter.

  Barry Ritholtz, chief investment officer at Ritholtz Wealth Management, said the Fed needed to cut interest rates, not raise them, if it wanted inflation to fall back to its long-term 2 per cent target. This view runs counter to the thinking of many economists and the Fed, which is widely expected to see Chairperson Jerome Powell in the Federal Open Market later this month.

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on July 21, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1456 yuan for 1 US dollar, 8.0041 yuan for 1 euro, 5.1399 yuan for 100 yen, 0.91447 yuan for 1 Hong Kong dollar, 9.2556 yuan for 1 pound, 4.8750 yuan for 1 Australian dollar, and 4.8750 yuan for 1 New Zealand dollar.

  The dollar index rose to a one-week high on Thursday after data showed an unexpected drop in initial jobless claims in the US last week, raising expectations that the Federal Reserve may continue to raise interest rates. Markets see a higher probability that the Federal Reserve will continue to raise interest rates after the widely expected 25 basis points rate hike next week. Economists remain divided on whether the European Central Bank will raise interest rates. UK year-on-year price growth slowed to 7.9% in June, the smallest in more than a year, which could ease pressure on the Bank of England to continue to raise interest rates sharply. North...

  On Thursday (July 20) in the Asian market, gold rose above $1980 in the short term, and the bullish sentiment for precious metals was strong. The People's Bank of China and the State Administration of Foreign Exchange raised the macro-prudential adjustment parameters for cross-border financing from 1.25 to 1.5, stimulating the rise of the RMB and suppressing dollar buying. Gary Wagner, a special analyst at Kitco, said that the Federal Reserve must stop raising interest rates. He believes that the US Consumer Price Index (CPI) inflation has slowed down, which is higher than that of the American League.

  U.S. investors poured more money into equities in June than in any month since March 2022 as recession fears receded. Inflows into equities rose to $45 billion by the end of June, according to Bank of America (BofA). The massive allocation to equities is the opposite of the pattern seen in the previous six months, when SocGen investors switched from equities to bonds amid fears of a potential economic downturn. "Although bond yields remain attractive...

  U.S. investors poured more money into equities in June than in any month since March 2022 as recession fears receded. Inflows into equities rose to $45 billion by the end of June, according to Bank of America (BofA). The massive allocation to equities is the opposite of the pattern seen in the previous six months, when investors switched from equities to bonds amid fears of a potential economic downturn. "Although bond yields remain attractive...

  < ATFX > 1. Human ability and inability 1. Judgment of the direction of price movement: So far, humans have not been able to make absolutely correct judgments about the direction of price movement. No matter what kind of module is composed of a combination of market conditions, as long as the number of specimens collected is sufficient, we will find the fact that when the market operation state meets the definition of the module, the price operation can rise, fall, and adjust horizontally. Although humans cannot achieve consideration...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on July 20, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market will be 7.1466 yuan for 1 US dollar, 8.0879 yuan for 1 euro, 5.1724 yuan for 100 yen, 0.91516 yuan for 1 Hong Kong dollar, 9.3360 yuan for 1 pound, 4.8892 yuan for 1 Australian dollar, and 4.8892 yuan for 1 New Zealand dollar.

  While still bullish on US stocks, analysts warn that there are still many risks that could shake the stock market over the next 12 months, such as these four hard-to-ignore factors... The S & P 500 has surged 19% so far this year after a bad 2022, but there are still many risks that could shake the stock market over the next 12 months. That's the view of Nicholas Colas, co-founder of DataTrek Research. He...

  For many investors, the current situation is as if it never happened in 2022. Technology stocks are rising like crazy and spreading to meme stocks, and bullish sentiment has reached a fever pitch in the options market. In short, venture capital is the most popular investment since the end of 2021, and who would have thought that US stocks have just finished their longest bear market since the 1940s. Speculative stocks skyrocketed. At present, the market's mania for meme stocks is "shining"....

  Ed Morse, global head of commodities research at Citigroup Inc., said oil prices were unlikely to fall below $70 a barrel, but "uncertain" events would be needed to push prices above $90 a barrel. Morse said in a TV interview that Brent crude found support around $70 a barrel because of several fundamentals. First, OPEC + doesn't want...

  (July 19) In early Asian trading, spot gold held steady after surging nearly $24 yesterday, and the current gold price is trading around $1978/ounce. Well-known institution Windsor Brokers wrote an analysis of the technical outlook for gold prices. Windsor Brokers pointed out that on Tuesday, gold prices jumped to a one-and-a-half-month high, mainly driven by a weaker dollar due to changes in the outlook for US interest rates. Gold prices on Tuesday...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on July 19, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1486 yuan for 1 US dollar, 8.0558 yuan for 1 euro, 5.1625 yuan for 100 yen, 0.91490 yuan for 1 Hong Kong dollar, 9.3517 yuan for 1 pound, 4.8914 yuan for 1 Australian dollar, and 4.8914 yuan for 1 New Zealand dollar.

  ATFX - Markets are cheering on the prospect of a "soft landing" for the U.S. economy. Last week's strong gains in stocks and bonds, with better-than-expected consumer price indices (CPI) and producer price indices (PPI) as catalysts behind the rally, have raised hopes among investors that U.S. inflation can be contained without the economy falling into recession. For many, the surprise is not the decline in inflation, but the resilience the U.S. economy has shown,...