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PBOC sets USD/CNY reference rate at 7.0078 vs. 7.0064 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Friday at 7.0078 compared to the previous day's fix of 7.0064 and 6.9722 Reuters…
Gold slumps to near $4,600 as Trump softens tone on Iran
Gold price (XAU/USD) tumbles to near $4,605 during the early Asian session on Friday. The precious metal edges lower as the US Initial Jobless Claims data boost the US Dollar. The…
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Japanese Yen softens to near 158.50 as US Jobless Claims support US Dollar
The USD/JPY pair posts modest gains near 158.65 during the early Asian trading hours on Friday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) as US Initial Jobless…
EUR/USD tumbles towards 1.1600 as strong US data supercharges Dollar
EUR/USD fell to a new yearly low beneath 1.1600 on Thursday, courtesy of solid economic data in the US and broad US Dollar strength. Traders’ appetite improved due to Trump…
Fed’s Schmid: Inflation is too hot
Federal Reserve (Fed) Bank of Kansas City President Jeffrey Schmid said that he prefers to keep the monetary policy modestly restrictive, as cutting rates could worsen the…
Nasdaq futures rebuild above pivot as New York tests upper structure
A structure-first view of how Asia, London, and New York sessions aligned around key Nasdaq futures levels.This desk video documents how Nasdaq futures transitioned from the Asia…
Gold retreats as Iran tensions ease, strong US data weighs
Gold prices retreat on Thursday amid a de-escalation of US President Donald Trump’s rhetoric over Iran. Also, solid jobs data in the US prompted investors to trim Federal Reserve…
Oil struggles below $60 as bullish momentum fades
West Texas Intermediate (WTI) edges lower on Thursday, giving back this week’s gains as geopolitical risk premiums fade after US President Donald Trump softened his rhetoric on…