News and Information
Industrial Forex: CPI cools down more than expected! Gold rose nearly $15 in the short term
At 8:30 pm Beijing time on Wednesday, the latest released US CPI data for June fell more than expected. The annual rate of the US unseasonally adjusted CPI in June recorded 3.0%, the smallest increase since March 2021, returning to the "3 era"; the core CPI returned to the "4 prefix", and the annual rate of the unseasonally adjusted core CPI recorded 4.8%, the lowest since November 2021. In addition, this is also the 12th consecutive month of year-on-year growth in the overall CPI, matching the historical...
Industrial Forex: Is US core inflation actually below 3%?
At 8:30 p.m. on Wednesday, the United States will release the June CPI data. If core inflation is just below 3 percent, the Federal Reserve will breathe a sigh of relief, the stock market and foreign exchange market will rise, and consumers will feel relieved about the rising cost of living. And this is not just a dream: if you use the euro zone to measure price changes in the United States, core inflation in the United States would have been below 3 percent in May. But according to the American practice, the data released on Wednesday may be...
Industrial Forex: CPI carnival night? JPMorgan Chase: Prepare for lower-than-expected data
JPMorgan Chase's sales and trading arm said traders looking to profit from Wednesday's surprise U.S. CPI data would do well to brace for lower-than-expected data. While the consensus forecast for U.S. June CPI is for an annualized 3.1% increase, the JPMorgan team, which includes Andrew Tyler, sees a four-in-five chance that the data will match or fall short of expectations, all else being equal.
The international gold price has hit a new high in nearly three weeks, but it will have to wait for it to be released completely
On Tuesday (July 11), the international gold price rose to a new high since June 21 to $1,938.20/oz, benefiting from the weakness of the US dollar. But investors avoided making big bets ahead of the release of US inflation data that could affect the Federal Reserve's policy trajectory, and the gold price action remains to be released. At 15:26 Beijing time, spot gold rose 0.25% to $1,929.95/oz; COMEX gold futures main contract rose 0.23% to 19...
July 12 financial breakfast: The dollar hit a two-month low, gold prices rose for the third consecutive day, awaiting the release of US inflation data
Beijing time on Wednesday (July 12), the dollar index fell to a two-month low on Tuesday after Federal Reserve officials said the tightening cycle was nearing an end, while the pound hit a 15-month high after British wage growth exceeded expectations, gold prices climbed, and the dollar and U.S. Treasury yields fell ahead of U.S. inflation data that could provide more clues to the Fed's path to rate hikes. Commodity close: U.S. gold futures rose 0.3% to $1,937.10. Brent's original...
On July 12, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity rate of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that the central parity rate of the RMB exchange rate in the interbank foreign exchange market on July 12, 2023 is: 1 US dollar to RMB 7.1765, 1 euro to RMB 7.9198, 100 yen to RMB 5.1321, 1 Hong Kong dollar to RMB 0.91665, 1 pound to RMB 9.3028, 1 Australian dollar to RMB 4.8141, 1 New Zealand dollar to the people...
Key data and major events for July 11
On July 11, key data for investors to pay attention to: UK unemployment rate in May - according to ILO standards, the final value of Germany's CPI annual rate in June, the Eurozone's July ZEW economic sentiment index, and Germany's July ZEW economic sentiment index. Major events to pay attention to include the informal meeting of European Union energy ministers, the 2025 FOMC voting committee, and the St. Louis Federal Reserve President Brad participated in the discussion on the US economy and monetary policy online. 07:01 UK...
July 11 Financial Breakfast: Dollar hits three-week low as policymakers signal the end of the Federal Reserve's rate hike cycle
Beijing time on Tuesday (July 11), the dollar hit a three-week low on Monday, after remarks from Federal Reserve policymakers strengthened market expectations that the tightening cycle is nearing an end, gold prices were little changed, investors awaited U.S. inflation data that could affect the Fed's policy stance, while palladium fell below $1,200 for the first time since December 2018. Commodity close: U.S. gold futures settled at $1,931 an ounce, down 0.1%. Brent crude oil futures...
On July 11, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity rate of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on July 11, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1886 yuan for 1 US dollar, 7.9381 yuan for 1 euro, 5.1070 yuan for 100 yen, 0.91803 yuan for 1 Hong Kong dollar, 9.2822 yuan for 1 pound, 4.8197 yuan for 1 Australian dollar, and 4.8197 yuan for 1 New Zealand dollar.
Trading Master: Teach you how to improve the success rate of foreign exchange trading?
Mark Weinstein, a master trader, has always been a myth in the international financial world. Mark Weinstein's trading style is cautious. Of the thousands of trading days he has speculated in foreign exchange, only 17 trading days have been lost, and 9 of them were caused by system failures. The reason why he was able to hit a 99% success rate is due to his cautious and low-risk trading style. Most traders have a 50% success rate, which is good, and a 75% success rate...
July 10 Short-term Operation Guide for Major Currencies
From a technical point of view, the US index rose below 103.20 last Friday and fell above 102.20, which means that the dollar may continue to decline after its short-term rise. If the US index rises below 102.60 today, the target for the future decline will point to between 101.90 and 101.60. Today, the US index's short-term resistance is at 102.55-102.60, and the short-term important resistance is at 102.85 --...
On July 10, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity rate of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on July 10, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market will be 7.1926 yuan for 1 US dollar, 7.9034 yuan for 1 euro, 5.0669 yuan for 100 yen, 0.91857 yuan for 1 Hong Kong dollar, 9.2521 yuan for 1 pound, 4.8198 yuan for 1 Australian dollar, and 4.8198 yuan for 1 New Zealand dollar for 1 yuan.
On July 7, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity rate of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on July 7, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.2054 yuan for 1 US dollar, 7.8869 yuan for 1 euro, 5.0303 yuan for 100 yen, 0.92095 yuan for 1 Hong Kong dollar, 9.2266 yuan for 1 pound, 4.8020 yuan for 1 Australian dollar, and 4.8020 yuan for 1 New Zealand dollar.
The pound is technically bullish and is expected to challenge the new high of 1.2850 this year! What data should I pay attention to in the near future?
With highs higher and lows higher, the technical outlook for GBP/USD "remains bullish", City Index analysts wrote in a research note. He said the area around 1.2700 was the previous support level that broke last week, and GBP/USD is now back above that area. As long as the bulls can hold on, they may see some follow-up buying, pushing the pair to a new high for the year above 1.2850. Data to watch in the near future include US...
Foreign exchange trading reminder: the minutes strengthen the Federal Reserve's interest rate hike expectations, the dollar is boosted, and the euro may not rise by 1% in the next six months.
In the morning of July 6, Beijing time, the Asian market, the dollar index fluctuated narrowly, and is currently trading around 103.34. The dollar rose against other major currencies on Wednesday after the minutes of the Federal Reserve's June policy meeting strengthened market expectations for another interest rate hike at the end of July. Last month, almost all Federal Reserve policymakers agreed to keep interest rates unchanged, and most expected that further policy tightening would eventually be required, a view that drove U.S. Treasury yields higher, adding to the dollar's gains. On Wednesday, the dollar...
