News and Information
On June 19, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on June 19, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1201 yuan for 1 US dollar, 7.7895 yuan for 1 euro, 5.0176 yuan for 100 yen, 0.91020 yuan for 1 Hong Kong dollar, 9.1332 yuan for 1 pound, 4.8935 yuan for 1 Australian dollar, and 4.8935 yuan for 1 New Zealand dollar.
Lagarde pointed to economic weakness and stressed wage pressure, causing the euro to fall 25 points in the short term
At 20:45 Beijing time on Thursday (June 15), European Central Bank President Christine Lagarde held a press conference, pointing out the recent economic weakness and stagnation, and emphasizing wage pressures. As of press time, the euro fell more than 25 points against the dollar to 1.0851, with a cumulative fluctuation of nearly 30 points. Earlier, the European Bank raised interest rates by 25 basis points as scheduled, raising borrowing costs for the eighth consecutive time. Interest rates rose to the highest level in 22 years and opened the door for further interest rate hikes, even if the euro zone economy...
On June 16, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on June 16, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1289 yuan for 1 US dollar, 7.8042 yuan for 1 euro, 5.0851 yuan for 100 yen, 0.91175 yuan for 1 Hong Kong dollar, 9.1161 yuan for 1 pound, 4.9043 yuan for 1 Australian dollar, and 4.9043 yuan for 1 New Zealand dollar.
FXTM: Super central bank week strikes, gold or usher in a major breakthrough?
The gold market is volatile, but this may be the calm before the storm. Affected by key economic data and high-risk events, the gold market may have a big market this week. (XAUUSD H4 Source: FXTM MT4 Platform) Over the past few weeks, gold prices have been stuck between the 1938 support and the 1983 resistance level, and may be about to usher in a major breakthrough. The reasons are as follows.... 1) The latest inflation data in the United States On June 13 (Tuesday), the United States issued...
Foreign exchange trading reminder: The Federal Reserve has suspended interest rate hikes, the dollar has fallen to a near three-week low, and the UK's strong employment data is good for the pound
The dollar index fell to a three-week low on Tuesday before closing down 0.33 percent at 103.29 as data showed consumer prices recorded their smallest annual increase in more than two years last month, cementing expectations that the Federal Reserve will pause interest rate hikes at the end of its two-day meeting on Wednesday. The European Central Bank's interest rate decision, due on Thursday, is expected to raise interest rates by 25 basis points and another 25 basis points in July. Strong UK jobs data raised the prospect of interest rate hikes, which is good for the pound...
On June 15, 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 June 15, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1489 yuan for 1 US dollar, 7.7486 yuan for 1 euro, 5.1057 yuan for 100 yen, 0.91313 yuan for 1 Hong Kong dollar, 9.0552 yuan for 1 pound, 4.8588 yuan for 1 Australian dollar, and 4.8588 yuan for 1 New Zealand dollar.
US CPI rose 4% year-on-year in May, lower than market expectations
On June 13, the US Department of Labor released data showing that the US CPI rose by 4% year-on-year in May, falling for the 11th consecutive time, hitting a new low since March 2021, with an estimated 4.1% and a previous value of 4.9%. In May, the CPI rose by 0.1% month-on-month, with an estimated 0.1% and a previous value of 0.4%.
6.14 Forex gold trend analysis and operation suggestions
Gold trend analysis: Gold closed in a narrow range last week, the weekly line contracted and fluctuated for two consecutive weeks, and the closing doji K line, due to the small space K line and the small entity, the short-term direction continued to be unknown. During the contraction and finishing, the daily line level: oscillation; moving average interweaving, KDJ slight gold fork, MACD gold fork, but the price of gold is still suppressed by the 21-day moving average, and the short-term trend is more variable. Before falling to the 1950 mark, it is slightly biased towards oscillation. The resistance of the 21-day moving average is currently at 1964...
On June 14, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on June 14, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1566 yuan for 1 US dollar, 7.7214 yuan for 1 euro, 5.1050 yuan for 100 yen, 0.91375 yuan for 1 Hong Kong dollar, 9.0209 yuan for 1 pound, 4.8435 yuan for 1 Australian dollar, and 4.8435 yuan for 1 New Zealand dollar.
Spot gold rallies are lackluster, and job market hindsight could mislead the Federal Reserve
On Monday (June 12), spot gold prices rose due to the weakness of the US dollar, but the downward path of the US dollar seemed to be buffered. Gold prices did not rise strongly, and investors were cautious ahead of the release of US inflation data and the Federal Reserve's interest rate decision. Signs of weakness in the US job market are becoming more obvious, providing more evidence for the Federal Reserve to end tightening. The job market is often the last to know when a recession is coming. At 20:20 Beijing time, spot gold rose 0.20% to 19...
At the end of May, the scale of our country's foreign exchange reserves was 3.1765 trillion US dollars
According to statistics released by the State Administration of Foreign Exchange on June 7, as of the end of May 2023, the scale of our country's foreign exchange reserves was 3.1765 trillion US dollars, down 28.30 billion US dollars from the end of April, a decrease of 0.88%. Industry insiders said that our country's economic operation continued to rebound for the better, which is conducive to the continued stability of foreign exchange reserves. Experts believe that the US dollar index rose due to factors such as fiscal and monetary policy expectations of major economies and global macroeconomic data...
On June 13, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on June 13, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1498 yuan for 1 US dollar, 7.6953 yuan for 1 euro, 5.1264 yuan for 100 yen, 0.91256 yuan for 1 Hong Kong dollar, 8.9471 yuan for 1 pound, 4.8272 yuan for 1 Australian dollar, and 4.8272 yuan for 1 New Zealand dollar.
Doo Prime shares the four stages of foreign exchange trading
When investors decide to step into the door of foreign exchange trading, they have already embarked on an exciting journey. This journey involves the learning of knowledge, the accumulation of experience and the improvement of skills. Each stage has its own characteristics, just like a miniature version of foreign exchange trading. Today, we will learn more about the four stages of foreign exchange trading through the sharing of Depu Forex. First, you who are new to trading may be like a seed eager for knowledge, eager to...
On June 12, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on June 12, 2023, the central parity of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 7.1212 yuan, 1 euro to 7.6540 yuan, 100 yen to 5.1101 yuan, 1 Hong Kong dollar to 0.90864 yuan, 1 pound to 8.9572 yuan, 1 Australian dollar to 4.8032 yuan, 1 New Zealand dollar to RMB...
FXTM: Snowflake has medium and long-term investment value
* The US stock earnings season has entered the harvest period, and HP (MT5: HP) and Broadcom (MT5: BROADCOM) will report their results next week. The US stock earnings season is coming to an end, and we will look forward to the second quarter results of cloud computing company Snowflake (SNOW.US) in this article. The company released its latest quarterly results after hours on August 24. Snowflake provides cloud-based data storage and analysis services,...
