PBoC defends yuan narrative – Commerzbank

Commerzbank’s FX team highlights that the People’s Bank of China rejected claims the yuan is undervalued, linking export strength to industrial competitiveness rather than currency manipulation. The central bank will start reporting FX operations to the IMF from 2027, while reserves slipped to USD3.40tn. In FX, USD/CNY fell 30 pips to 6.70, with USD/CNH little changed at 6.70. Policy…

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USD/CAD: Elliott Wave Analysis and Forecast for 09.10.26–16.10.26

2026.10.09 2026.10.09 USD/CAD: Elliott Wave Analysis and Forecast for 09.10.26–16.10.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: After the correction ends, consider long positions above 1.4087 with a target of 1.4400–1.4570. A buy signal: the local correction ends and the price remains above 1.4087. Stop Loss: below 1.4045, Take Profit: 1.4400–1.4570. Alternative scenario: Breakout…

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Weakening derivatives and US sentiment keep ETH below $2,500

Ethereum price today: $2,490 Ethereum perpetuals are dominated by short positioning amid subdued open interest. Nine straight days of outflows in ETH ETFs and declining US sentiment weigh on the top altcoin’s price. ETH retests the 50-day EMA resistance after its earlier decline. Ethereum (ETH) saw a brief recovery on Friday, up 3% over the past 24 hours, but…

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USD/CHF: Elliott Wave Analysis and Forecast for 09.10.26–16.10.26

2026.10.09 2026.10.09 USD/CHF: Elliott Wave Analysis and Forecast for 09.10.26–16.10.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.8378 with a target of 0.7950–0.7755. A sell signal: the price holds below 0.8378. Stop Loss: above 0.8418, Take Profit: 0.7950–0.7755. Alternative scenario: Breakout and consolidation above the…

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Aussie extends weekly gains as Fed pause bets offset hawkish rhetoric

The Aussie Dollar ended Friday’s session on a positive note, gaining 0.38% and 0.58% weekly as the US Dollar trimmed some of its weekly gains, while US data confirmed investors’ expectations that the Federal Reserve would hold rates steady in the October meeting. The AUD/USD trades at 0.6983. AUD/USD closes at 0.6983 as softer US sentiment supports the Aussie…

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