Forex News
US Futures Hold Steady: A Promising Start to the Day
US Stocks Looking to Bounce Back Market Update Last week, US stocks experienced a slight setback as tech shares saw their worst showing since April. The Nasdaq erased its monthly gains for July, causing some concerns among investors. Today, however, there seems to be a calmer mood in the market. S&P 500 futures are up…
Commodity Currencies Take a Tumble: Aussie Leads the Way as Risk Aversion Reigns Supreme After China’s Rate Cut
Welcome to the Upside Down World of Commodity Currencies It’s All about the Aussie Dollar Well, well, well, look who’s leading the pack today! The Australian Dollar seems to be on a downward spiral, dragging other commodity currencies along for the ride. It’s like a wild rollercoaster, and we’re all just hanging on for dear…
Unifying Crypto and FX Liquidity: An Interview with the CEO of Gold-i
Crypto Liquidity and FX Liquidity: A Convergence of Markets By: Anonymous Author “Crypto liquidity and FX liquidity are sort of coming together,” Tom Higgins, founder and CEO of Gold-i, pointed out to Finance Magnates at iFX EXPO International 2024. “When you’ve got a traditional retail FX broker, and they want to access crypto liquidity, how…
Navigating the Forex Market: A Look at the Mixed Opening Amid US Political Developments
Mixed Opening For Forex Market Amid US Political Developments The forex market started the week with mixed movements as traders and investors closely monitored recent political developments in the United States. These political events have had a significant impact on global currency trading, causing fluctuations in major currency pairs. US Political Landscape and Forex Trading…
Decoding the Crypto Conundrum: Biden’s Exit and the Mysterious Crypto Stance of Kamala Harris
US President Joe Biden Drops Out of 2024 Presidential Race What Does this Mean for the Future of American Politics? On Sunday evening, US President Joe Biden shocked the nation by announcing his decision to not seek re-election in the upcoming 2024 Presidential race. Citing the best interest of his party and the country, Biden…
Get Ready to LOL: Bank of England Bigwig Spills the Tea on Their Balance Sheet!
Welcome to the Quirky Finance Blog! Bank of England’s Future Balance Sheet: A Quirky Perspective Hey there, fellow finance enthusiasts! Today, we’re diving into the exciting world of central banking with a focus on the Bank of England’s Executive Director, Markets, Victoria Saporta. Scheduled to speak at the AFME seminar at 1330 GMT / 0930…
Get Ready to Rumble: CNH Takes a Dive as PBOC Slashes Rates – Your Weekly Central Bank Update!
The People’s Bank of China Cuts Policy Rates What Happened? Today, the People’s Bank of China (PBoC) made a significant move by cutting the 1 and 5 year loan prime rates by 10 basis points each. Additionally, the PBoC announced a cut to the 7-day reverse repo rate, lowering it to 1.70% from 1.80%. This…
Breaking News: PBOC Sets Today’s USD/CNY Reference Rate at 7.1335, Surprising Markets with Lower Estimate than Expected – July 22, 2024
The People’s Bank of China Sets Onshore Yuan Reference Rate for Trading Session The People’s Bank of China has set the onshore yuan (CNY) reference rate for the trading session ahead. The onshore yuan, also known as USD/CNY, is permitted to trade within a range of plus or minus 2% from this daily reference rate….