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Markets
PBOC sets USD/CNY reference rate at 7.0583 vs. 7.0573 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 7.0583 compared to the previous day's fix of 7.0573.
PBOC…
New Zealand Dollar holds below 0.5800 despite robust New Zealand Q3 GDP growth
The NZD/USD pair remains weak near 0.5770 during the early Asian trading hours on Thursday. The New Zealand Dollar (NZD) edges lower against the Greenback despite a…
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New Zealand’s Gross Domestic Product grows 1.1% QoQ in Q3 vs. 0.9% expected
New Zealand's Gross Domestic Product (GDP) grew by 1.1% QoQ in the third quarter (Q3), compared with a 1.0% contraction (revised from -0.9%) in the second quarter, Statistics New…
Growth is solid, expects to see that continuing in 2026
Atlanta Federal Reserve (Fed) President Raphael Bostic said on Wednesday that GVP growth is solid and that he expects to see that continuing in 2026, while participating in a…
Despite nervousness over labor market and AI, analysts expect earnings to improve in 2026
BlackRock, the world's largest asset manager, ran an online survey in early December asking respondents whether attractive returns for risk assets would continue for a fourth…
Gold climbs past $4,330 as jobs data, Venezuela tensions fuel demand
Gold (XAU/USD) rallies on Wednesday, edging up 0.87% following a mixed US jobs report on Tuesday, along with rising tensions of the US-Venezuela conflict and comments by Federal…
US Dollar helped by caution ahead of major events
Here is what you need to know on Thursday, December 18:The US Dollar (USD) found some near-term demand on Wednesday, helped by the poor performance of Wall Street and hawkish…
Upside momentum intact as ECB decision looms
The Euro (EUR) rebounds against the US Dollar (USD) on Wednesday after coming under pressure earlier, as a short-lived recovery in the Greenback fades. At the time of writing,…
FTSE surges, tech suffers and Netflix rises as Paramount shunned by Warner Bros
The bounce in tech names is fizzling out while the FTSE 100 surges, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG.FTSE 100 at one-month high but…