PBOC sets USD/CNY reference rate at 6.7873 vs. 6.7878 previous

On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7873 compared to Friday’s fix of 6.7878 and 6.7382 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central…

Read more

Australian Dollar gains traction to near 0.7100 on fading Fed hike bets

The AUD/USD pair trades with mild gains near 0.7090 during the early Asian session on Monday. The US Dollar (USD) weakens against the Australian Dollar (AUD) as Federal Reserve (Fed) rate hike odds fade amid weaker US economic data. Traders brace for China’s Retail Sales and Industrial Production reports, which are due later on Monday.  Data released by the…

Read more

Derivatives interest remains calm amid mixed sentiment

Ethereum price today: $1,880 Ethereum Net Taker Volume shows a mild dominance in short positioning over the past two weeks. Open interest declined earlier in the week despite positive funding rates. ETH’s technical setup suggests a consolidating market, with price trapped in a tight band between EMAs’ support and resistance.​ Ethereum (ETH) derivatives interest has been ranging sideways over…

Read more

100-Day SMA blocks bullish reversal

The EUR/USD pair registers gains of over 0.32% on Friday as traders face key resistance at the 100-day Simple Moving Average (SMA) at 1.1567, as bulls eye the 1.1600 psychological figure. At the time of writing, the pair trades at 1.1564 after bouncing off daily lows of 1.1526. EUR/USD Price Forecast: Technical Outlook The EUR/USD market structure suggests that…

Read more