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Market News
CNY fix: 6.3411 vs. estimate of 6.3409 NEW

CNY fix: 6.3411 vs. estimate of 6.3409 NEW

In latest alternate today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.3411 vs. the estimate of 6.3409 and the final shut of 6.3396. About the fix China continues strict manipulate of…

Market News
King dollar to extend its dominance in 2022 as Fed gears up for rate hikes – Reuters poll

King dollar to extend its dominance in 2022 as Fed gears up for rate hikes – Reuters poll

King greenback is predicted to reign supreme throughout the fx board in 2022 as well, thanks to the financial coverage normalization via the US Federal Reserve (Fed), in accordance to the forty nine overseas trade…

Market News
Markets brace for volatility as Fed lift-off eyed – Morgan Stanley

Markets brace for volatility as Fed lift-off eyed – Morgan Stanley

Ahead of Wednesday’s December Federal Reserve (Fed) meeting’s minutes, Lisa Shalett, Chief Investment Officer at Morgan Stanley Wealth Management, supplied her take on the influence of rising hobby charges on markets and the economic system…

Market News
China: Growth likely accelerated QoQ in Q4 2021 – Standard Chartered

China: Growth likely accelerated QoQ in Q4 2021 – Standard Chartered

Analysts at Standard Chartered accept as true with that China’s Q4 2021 GDP is probably to have extended to 3.6%. Key quotes “Growth may additionally have accelerated sequentially in Q4, no matter predicted fall in…

Market News
China oil demand to peak by 2030 on petrochemical use – CNPC

China oil demand to peak by 2030 on petrochemical use – CNPC

China’s oil consumption is anticipated to height at about 780 million tonnes per 12 months by way of 2030, China National Petroleum Corp (CNPC) Economics & Technology Research Institute (ETRI) stated on Sunday. Key findings…

Market News
Silver Price Analysis: 50-SMA probes XAG/USD’s declines towards $21.80

Silver Price Analysis: 50-SMA probes XAG/USD’s declines towards $21.80

Silver stays forced round intraday low, battles non permanent key SMA support. Descending RSI line, now not oversold, directs marketers closer to one-week-old horizontal area. $23.40 seems a difficult nut to crack for the bulls,…

Market News
Gold Price Forecast: XAU/USD bulls putting pressure on through $1,800

Gold Price Forecast: XAU/USD bulls putting pressure on through $1,800

Gold continues Friday’s pullback from 200-SMA no matter moderate intraday gains. Challenges to US stimulus, coronavirus woes and Fed fee hike issues take a look at buyers. Yields, US inventory futures print losses in Asia,…