Forex
New Zealand data – January credit card spending +1.3% y/y (prior -1.3%)
NZD/USD is not being driven by data today, but by the slide in the USD. AUD, EUR, CHF, SGBP, CAD ... all higher....
Goldman Sachs stays bullish on China’s A-Shares and H-Shares
Goldman Sachs maintains an overweight stance on China’s A-shares and H-shares, citing AI-driven growth and liquidity support as key catalysts.Analysts expect H-shares to...
UBS forecasts AI stock volatility but still overall strong returns
UBS predicts mid-teen returns for global AI stocks in 2025, driven by strong investment commitments and rising monetization trends, despite potential market volatility...
Chart Art: EUR/JPY Is Retesting a Long-Term Support Area!
EUR/JPY is retesting a support zone that hasn’t cracked since August 2023. Will this week’s headlines help turn the tides in favor of...
NZD/USD holds gains near 0.5750 following Retail Sales, China’s annual policy blueprint
NZD/USD recovers recent losses registered in the previous session, trading around 0.5750 during the Asian hours on Monday.
Updating the USD ‘battle of the trendlines’
I posted last month on what appeared, to me, to be the end of the US dollar uptrend:The steep up trend line for...
COSCO shares slump 8% on Trump’s fee proposal
China COSCO Shipping Corporation Limited shares down 8%In response to Trump's proposed fees on the use of China’s built commercial ships that transport...
Gold Price Forecast: XAU/USD attracts some sellers below $2,950 on profit-taking
Gold price (XAU/USD) drifts lower to near $2,925 during the Asian trading hours on Monday.
PBOC sets USD/ CNY reference rate for today at 7.1717 (vs. estimate at 7.2495)
The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi...
PBOC sets USD/CNY reference rate at 7.1717 vs. 7.1696 previous
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1717 as compared to...
