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Foreign exchange trading reminder: the Federal Reserve is still expected to raise interest rates in July, the dollar is strong, and the European Bank is expected to raise interest rates by 25 basis points in June
On June 8, Beijing time, the Asian market morning, the US dollar index fell slightly, and it is currently trading around 104.04. On Wednesday, the US dollar index closed down 0.03% at 104.12. Fed funds rate futures traders expect a rate hike in July. Sweden's Nord Ossian Bank expects the European Central Bank to raise interest rates by 25 basis points in June and July, bringing the deposit rate to 3.75%. On June 8, Beijing time, the Asian market morning, the US dollar index fell slightly, and it is currently trading at 104.04 with...
On June 9, 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 9, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1115 yuan for 1 US dollar, 7.6692 yuan for 1 euro, 5.1216 yuan for 100 yen, 0.90763 yuan for 1 Hong Kong dollar, 8.9326 yuan for 1 pound, 4.7749 yuan for 1 Australian dollar, and 4.7749 yuan for 1 New Zealand dollar.
ATFX global foreign exchange market: the US index continued to fluctuate slightly, and the Australian dollar appreciated sharply due to interest rate hikes
ATFX foreign exchange market: Yesterday, the US dollar index rose by 0.12%, closing at 104.14 points, over the same period: the euro depreciated by 0.18%, closing at 1.0693 points; the yen depreciated by 0.05%, closing at 139.63 points; the pound depreciated by 0.08%, closing at 1.2424 points; the Australian dollar appreciated by 0.83%, closing at 0.6672 points; the Swiss franc depreciated by 0.15%, closing at 0.9076; the New Zealand dollar appreciated by 0.15...
In May, the scale of foreign reserves fell to 3.1765 trillion US dollars, experts said: exchange rate and asset price changes are the main factors
On June 7, the State Administration of Foreign Exchange released data showing that 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%. Image source: State Administration of Foreign Exchange website SAFE said that in May 2023, affected by factors such as fiscal and monetary policy expectations of major economies and global macroeconomic data, the US dollar index rose, and global financial asset prices rose and fell. In exchange...
On June 8, 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 8, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1280 yuan for 1 US dollar, 7.6269 yuan for 1 euro, 5.0910 yuan for 100 yen, 0.90906 yuan for 1 Hong Kong dollar, 8.8668 yuan for 1 pound, 4.7442 yuan for 1 Australian dollar, and 4.7442 yuan for 1 New Zealand dollar.
FXTM: Trading Strategy for June 6
"Today's Focus List" "Technical Strategy" NO.1 EUR/USD (EUR/USD) - The hammerhead line retains the hope of rebounding, and the bottom needs to be guaranteed at 1.07 without breaking the daily chart. Looking at the sluggish performance of the US service industry and industrial data, the Federal Reserve's tightening expectations have ebbed slightly, and the euro has taken advantage of the situation to fall back to the stable hammerhead line. Looking at the trend, the exchange rate has continued to break through the short-term steep decline channel and the hope of stopping the decline. Many parties first need to recover the high of 1.0 in December last year...
Reserve Bank of Australia unexpectedly raises interest rate by 25 basis points or further tightens monetary policy
With inflation still well above target and labour costs jumping, the Reserve Bank of Australia unexpectedly raised its base rate, while leaving open the possibility of further rate rises. On Tuesday, the Reserve Bank of Australia announced a 25 basis point hike, raising the cash rate from 3.85% to 4.1%, the highest level since April 2012. Most economists expect the Reserve Bank of Australia to leave interest rates unchanged. Reserve Bank of Australia President Philip Lowe announced the interest rate decision after...
On June 7, 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 7, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1196 yuan for 1 US dollar, 7.6144 yuan for 1 euro, 5.1004 yuan for 100 yen, 0.90770 yuan for 1 Hong Kong dollar, 8.8465 yuan for 1 pound, 4.7537 yuan for 1 Australian dollar, and 4.7537 yuan for 1 New Zealand dollar.
Switzerland's core inflation growth fell to 1.9% in May, below the SNB's 2% target
A measure of core inflation in Switzerland has slowed more than expected and below the upper limit of the SNB's target, providing relief to officials trying to keep consumer prices under control. The so-called core inflation measure, which strips out volatile factors such as energy and food, fell to 1.9 percent in May, down from 2.2 percent in April. Overall inflation also slowed markedly, at 2.2 percent, in line with expectations. Due to rising costs for house rents, holiday packages and several food items, 5...
On June 6, 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 6, 2023, the central parity of the RMB exchange rate in the interbank foreign exchange market was 7.1075 yuan for 1 US dollar, 7.6115 yuan for 1 euro, 5.0971 yuan for 100 yen, 0.90681 yuan for 1 Hong Kong dollar, 8.8353 yuan for 1 pound, 4.7025 yuan for 1 Australian dollar, and 4.7025 yuan for 1 New Zealand dollar.
FXTM Forex Platform Detailed Introduction and Supervision
Forex Time (FXTM) was founded in 2011 by FX industry veteran Andrey Dashin, who is also a major shareholder in online broker Alpari. Since the launch of FXTM, the platform has expanded to include MT4 and MT5 platforms developed by MetaQuotes Software. FXTM is still a MetaTrader-only broker today, offering seven...
6.5 Analysis of the rise and fall of foreign exchange gold futures crude oil market today and suggestions for gold crude oil operation
Gold's latest market trend analysis: Gold news analysis: At the beginning of last week, gold rose sharply from around $1,940, climbing for four consecutive trading days. Last Friday, it refreshed its weekly high to reach the 1983 level, but the rally soon fell back to below 1950, and finally closed near 1948. It rose slightly by 0.07% that week, ending the previous three consecutive weeks of decline. Analysts said that with the passage of the debt ceiling agreement by the US Congress and the latest non-farm payrolls report...
On June 5, 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 5, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.0904 yuan for 1 US dollar, 7.5854 yuan for 1 euro, 5.0572 yuan for 100 yen, 0.90449 yuan for 1 Hong Kong dollar, 8.8130 yuan for 1 pound, 4.6793 yuan for 1 Australian dollar, and 4.6793 yuan for 1 New Zealand dollar.
On June 2, 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 2, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.0939 yuan for 1 US dollar, 7.6321 yuan for 1 euro, 5.1094 yuan for 100 yen, 0.90584 yuan for 1 Hong Kong dollar, 8.8854 yuan for 1 pound, 4.6648 yuan for 1 Australian dollar, and 4.6648 yuan for 1 New Zealand dollar.
Industrial Investment: Great Changes in Interest Rate Expectations, Viewed in Non-Agricultural Shocks
Fundamentals overnight market expectations for the Federal Reserve interest rate changed sharply. First, employment data drove up interest rate hike expectations, followed by unexpected dovish speeches by Federal Reserve officials, which caused the expectation of no interest rate hike in June to surge rapidly. The dollar's rise and fall were still fluctuating from last week's highs. European inflation fell across the board, weighing on the euro, while the European pound crossed to push the pound higher. Commodity currencies The Australian dollar and the New Zealand dollar were once affected by poor Chinese economic data, and the late recovery in New York made the day record a black candle with a lower shadow...
