Commentary
Add as a preferred source on GoogleThis chart from Soberlook.com, shows the weakness in the yuan going forward.USD/CNY 12-month forward has declined to 7.17 percent, while the spot rate is trying to break above 7 per dollar. It is currently trading at 6.9…
This chart from Soberlook.com, shows the weakness in the yuan going forward.USD/CNY 12-month forward has declined to 7.17 percent, while the spot rate is trying to break above 7 per dollar. It is currently trading at 6.92 per dollar.
The yuan is on its way to the closing of the worst year since the exchange rate was liberated from the peg back in 2005.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
