FOREXLIVE presents a meticulously curated selection of news articles, insightful blogs, and essential market intelligence, delivering a comprehensive resource for financial enthusiasts and professionals alike. Our platform merges the latest headlines, expert opinions, and in-depth analyses from diverse sources, fostering informed decision-making and staying abreast of global economic trends. Whether you're a seasoned trader or just starting, FOREXLIVE ensures access to pertinent, up-to-date information that enriches your understanding and engagement with the dynamic financial landscape. Explore our array of content, crafted to enlighten and inspire, guiding you through the complexities of the ever-evolving market ecosystem.
FOREXLIVE presents a meticulously curated selection of news articles, insightful blogs, and essential market intelligence, delivering a comprehensive resource for financial enthusiasts and professionals alike. Our platform merges the latest headlines, expert opinions, and in-depth analyses from diverse sources, fostering informed decision-making and staying abreast of global economic trends. Whether you're a seasoned trader or just starting, FOREXLIVE ensures access to pertinent, up-to-date information that enriches your understanding and engagement with the dynamic financial landscape. Explore our array of content, crafted to enlighten and inspire, guiding you through the complexities of the ever-evolving market ecosystem.
Little on the agenda in the session ahead
A near empty calendar in Europe to make for another slow trading session
Eurostoxx futures -0.4% in early European trading
A more cautious mood ahead of the open later
What are the main events for today?
The highlights will be the Canadian CPI and the US Consumer Confidence
PBOC sets USD/ CNY reference rate for today at 7.1225 (vs. estimate at 7.2587)
PBOC CNY reference rate setting for the trading session ahead
USDCNH pops higher after weakest PBoC mid-point fix since Nov 2023
CNH weakens after weaker mid-point
PBoC injects 300 billion yuan via 7-day reverse repose
Sets 7-day reverse repo rate at 1.8% vs 1.8% prior
Goldman expects USD upside under a Republican victory
Regardless of a sweep or a divided government
China Premier Li says confident and capable to achieve growth target of around 5%
Decoupling and protectionism will only raise economic operation costs for the world
USD remains on the backfoot while JPY leads the majors
No clear risk bias from FX price action ahead of the Asia close
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