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.
PBoC sets USD/CNY reference rate at 7.1042 vs 7.1045 previous
Source Fxstreet
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Monday at 7.1042 as compared to the previous day's fix of 7.1045 and 7.2162 Reuters estimates.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
The U.S. will release its September CPI data on Wednesday (October 14) Eastern Time, which will be one of the most important inflation reports ahead of the Federal Reserve's October 27-28
Impacted by a slump in South Korean stocks, Bitcoin prices dropped, but subsequently staged a strong rebound to recoup most of their losses.On October 13, Bitcoin (BTC) experienced a shar
USD/JPY traded around 158.5 on Tuesday after Monday's 158.60 close — the highest since September 24 — as Tokyo reopened and the market re-focused on two dates dominating the yen calendar: the G20 finance ministers' meeting in Bangkok on October 15 and the Bank of Japan's October 30 decision. Here are the three forces leaning on the yen, the positioning picture, and the scenarios into Wednesday's US CPI.
LME three-month copper rose 0.56% to $14,618.50 a tonne on Monday — a two-week high — after a landslide at Codelco's El Teniente mine killed two workers and halted part of the operation; COMEX copper gained 1.04% to $6.7615/lb before easing back on Tuesday. Silver, meanwhile, slipped below $61 as precious metals marked time ahead of Wednesday's US CPI. Here are the levels, the supply story and the scenarios.