News and Information

  At the beginning of the Asian market on Friday (December 9), the US dollar index fluctuated narrowly, currently trading around 104.85; on Thursday, the US dollar index fell by 0.37%, falling behind the 5-day moving average, causing the exchange rate to fall below all moving averages. The moving average is close to the short line. Due to the expectation that the Federal Reserve will slow down the pace of interest rate hikes, investors need to beware of further downside risks to the US dollar. Next week will usher in the US November inflation data and the Federal Reserve's interest rate decision, and the market is trading relatively...

  According to data released by the State Administration of Foreign Exchange on the 7th, as of the end of November 2022, the scale of our country's foreign exchange reserves was 3.1175 trillion US dollars, an increase of 65.10 billion US dollars from the end of October, an increase of 2.13%. According to the relevant content released by the official website of the Administration of Foreign Exchange, in November 2022, affected by factors such as global macroeconomic data and monetary policy expectations of major economies, the US dollar index fell and global financial asset prices rose. Exchange rate conversion and asset price changes and other reasons...

  On Wednesday (December 7), the US dollar index fluctuated narrowly in the Asian session, and is currently trading around 105.60. The US dollar rose slightly against the euro and the yen on Tuesday, and the US stock market was sold off, providing safe-haven support for the US dollar. Investors are trying to prepare for the expected interest rate hike by the Federal Reserve next week. From a technical point of view, the US dollar index has a preliminary gold fork after the bottom of the daily level MACD deviated, and the KDJ gold fork. The short-term bullish signal has strengthened. The resistance of the 200-day moving average and the 10-day moving average is both...

  On December 5, Claudio Borio, Head of the Monetary and Economic Department at the Bank for International Settlements (BIS), and Hyun Song Shin, Head of Economic Advisers and Research at the BIS, briefed the media on the latest quarterly report of the BIS and answered questions from the media about the foreign exchange market, liquidity conditions, monetary policy, and cryptocurrency assets. The latest quarterly outlook of the BIS provides information on global foreign exchange and market...

  Beijing Business Daily News (Reporter, Liao Meng) On December 1, the Anti-Telecom Network Fraud Law of the People's Republic of China came into effect. Zhang Qingsong, a member of the Party Committee and Vice Governor of the Central Bank, issued a document saying that the crime of telecommunications network fraud is composed of multiple links such as "personnel chain", "information chain", "technology chain" and "capital chain" and forms an industrialized interest chain. It is an overall battle and a long-term battle to crack down on it. Zhang Qingsong said that the Banking Financial Institutions Group and non-bank payment institutions should deal with the public security according to law...

  The spot foreign exchange market and the long-term foreign exchange market are two trading markets in the interbank market. Perhaps most foreign exchange traders have enough knowledge about the basics of finance, but foreign exchange trading knows nothing about the foreign exchange trading market. DOOPRIME will explain it in this article. 1. The spot foreign exchange market. The spot market refers to the general, ordinary trading market. Basically, two traders agree to exchange positions at a specific exchange rate, and the transaction can be settled in two trading days, that is, T + 2...

  USDX resistance position: 106.90/107, 107.20, 107.50 support position: 106.50/60 (key support in the day), 106.00/10 is expected to rise further after repeated fluctuations in the range yesterday November 16 short-term view: expected in the next 2-3 weeks: there are repeated tests near 105 support, repeated withdrawal 107.50/108 50, for breaking 109.50...

  It was developed on the basis of general contract trading. Futures trading should also pay attention to trading strategies. All futures trading is carried out in an organized futures market. Summarized by dooprime, the futures market has the following characteristics: 1. Contract standardization Futures trading has the characteristics of standardization and simplification. Futures trading is carried out by buying and selling futures contracts, and futures contracts are standardized contracts. This standardization refers to the regulation of the grade, quantity and quality of commodities in futures trading in advance...

  "Gold Latest Market Analysis" Gold News Analysis: In the Asian market on Friday (November 25), spot gold remained strong, with gold prices trading near $1,756/ounce. Gold prices rebounded to above the key $1,750 mark on Thursday, after the Federal Reserve released meeting notes suggesting that the pace of interest rate hikes will slow down. Spot gold closed at $1,755.50/ounce on Thursday, up $6.40 or 0.35%, and hit a high of $1,758.59 during the day...

  "Historical experience shows that cross-border capital flows are an inevitable reflection of long-term economic development trends and specific economic operation stages." Lu Lei, deputy director of the State Administration of Foreign Exchange, said at the 2022 Financial Street Forum "New Trends in Cross-border Capital Flows and Cross-border Investment" sub-forum on November 22 that from the perspective of long-term economic development, technological iteration, industrial upgrading and market expansion are driving the global productivity layout, thereby promoting the cross-border extension of supply chains and division of labor chains. From semiconductors, artificial...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on November 23, 2022, the central parity of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 7.1281 yuan, 1 euro to 7.3481 yuan, 100 yen to 5.0498 yuan, 1 Hong Kong dollar to 0.91182 yuan, 1 pound to 8.4764 yuan, 1 Australian dollar to 4.7402 yuan, 1 New Zealand dollar to the people...

  Gold latest market analysis: Gold prices fell for the fourth consecutive session on Monday (November 21), as the strengthening of the US dollar and the Federal Reserve's monetary policy stance cast a shadow over the outlook for non-yield gold. In the US market, spot gold accelerated its decline and hit its lowest level since November 10 at $1,735.93, down $17 from the day high. The dollar rose 0.9% to 107.93, making dollar-denominated gold more expensive for overseas buyers....

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on November 22, 2022, the central parity of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 7.1667 yuan, 1 euro to 7.3378 yuan, 100 yen to 5.0428 yuan, 1 Hong Kong dollar to 0.91859 yuan, 1 pound to 8.4735 yuan, 1 Australian dollar to 4.7340 yuan, 1 New Zealand dollar to the people...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on November 21, 2022, the central parity of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 7.1256 yuan, 1 euro to 7.3551 yuan, 100 yen to 5.0770 yuan, 1 Hong Kong dollar to 0.91108 yuan, 1 pound to 8.4654 yuan, 1 Australian dollar to 4.7565 yuan, 1 New Zealand dollar to the people...

  Gold News Analysis Gold Trend Looking at 1785-6, the pressure level we emphasized with everyone has not broken. Last trading day, gold fell all the way from around 1774, and the European market fell below 1765-6, a short-term support inertia. During the US market period, under the short-term pressure of the data, the second decline reached the lowest level of 1754, and then the shock reversed. During the day, we will pay attention to the stabilizing situation of 1765-6 again. The effective stabilization will continue to see the rebound unchanged, and we cannot stabilize the short-term stage.