Beginners

Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Economic Indicator

USD/CNH is likely to trade in a range between 7.1760 and 7.1900 – Scotiabank

Source Fxstreet

US Dollar (USD) is likely to trade in a range between 7.1760 and 7.1900. In the longer run, USD is expected to trade in a range of 7.1730/7.2000, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

USD is expected to trade in a range

24-HOUR VIEW: "Yesterday, we expected USD to 'continue to expect range trading, but the softer underlying tone suggests USD is likely to trade in a lower range of 7.1760/7.1890.' USD then traded between 7.1725 and 7.1867, closing marginally higher by 0.01% at 7.1827. Further range trading still appears likely, probably between 7.1760 and 7.1900."

1-3 WEEKS VIEW: "In our most recent narrative from Tuesday (19 Aug, spot at 7.1850), we expected USD to 'trade in a range of 7.1730/7.2000.' Yesterday, USD dipped briefly to 7.1725 and then recovered. There is no increase in downward momentum, and we continue to hold the same view for now."

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Ripple’s $21 Trillion Dream: What Capturing 20% Of SWIFT Volume Means For XRP Ripple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO

Author NewsBTC

7 Month 14 Day Mon

Ripple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO

Australian Consumer Confidence Hits 3-Year High on RBA Rate Cuts Australian consumer sentiment soared to its highest level in over three years in August, buoyed by recent Reserve Bank of Australia (RBA) rate cuts and easing cost-of-living pressures, according to a Westpac-Melbourne Institute survey released Tuesday.

Author Mitrade

8 Month 19 Day Tue

Australian consumer sentiment soared to its highest level in over three years in August, buoyed by recent Reserve Bank of Australia (RBA) rate cuts and easing cost-of-living pressures, according to a Westpac-Melbourne Institute survey released Tuesday.

Small Caps and Value Stocks Lead Gains as S&P 500 Advances Last week, the S&P 500 continued its upward momentum despite notable shifts in market leadership.

Author Mitrade

8 Month 19 Day Tue

Last week, the S&P 500 continued its upward momentum despite notable shifts in market leadership.

OpenAI Introduces Lowest-Cost ChatGPT Subscription in India with UPI Payment Option On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).

Author Mitrade

8 Month 19 Day Tue

On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).

Bitcoin Dips to Two-Week Low Around $113K Ahead of Fed Jackson Hole Event Bitcoin continued its downward trajectory on Wednesday, hitting a two-week low as investors trimmed their positions ahead of the Federal Reserve’s upcoming Jackson Hole symposium.

Author Mitrade

8 Month 20 Day Wed

Bitcoin continued its downward trajectory on Wednesday, hitting a two-week low as investors trimmed their positions ahead of the Federal Reserve’s upcoming Jackson Hole symposium.

Popular Symbols