The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate than expected is typically…
SP500 (SPX), NASDAQ 100 (NDX), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), Bitcoin (BTC). Stock market Elliott Wave technical analysis and trading strategies: Elliott Wave analysis NASDAQ tech stocks: Elliott Wave (ii) of iii) upwards for SP500 and NASDAQ 100. Stocks have a variety of counts but remain bullish…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
China Consumer Price Index (YoY) below expectations (0.6%) in September: Actual (0.4%)
This week our currency strategists focused on the RBNZ monetary policy statement and U.S. CPI update for potential high-quality setups. Out of the eight scenario/price outlook discussions this week, none arguably saw BOTH fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay. But here’s a quick look at the two scenarios with…
For me, this is a more-important report than today’s jobs data. Business Outlook Survey indicator remains negative, signaling widespread softness ” demand is weak, firms have excess capacity, and price growth continues to slow” but little deterioration since last quarter Firms reported weak past sales growth due to past inflation and interest rate increases continuing to weigh on the…
Mexican Peso strengthens for the second consecutive day as traders increase the odds of a 25 bps Fed rate cut to 85.9%. Banxico minutes confirm economic slowdown, reinforcing the view that less restrictive policy is needed as Mexican industrial production contracts. US Producer Price Index (PPI) data supports disinflation, while University of Michigan Consumer Sentiment weakens, and inflation expectations…
Fed’s Logan Less-restrictive policy will still cool inflation Recent inflation data is very welcome I think that’s a very good point in the headline that too many people are missing in pricing in a November pause. Logan is a hawk too. Over at Bloomberg, Joseph Brusuelas highlights his upcoming PCE inflation forecast: Following the September CPI & PPI we…