USD CNH advances towards 7 30 as the market mood sours focus shifts to PMIs Usdcny - Fed HEAD TOPICS
USD CNH advances towards 7 30 as the market mood sours focus shifts to PMIs
10/21/2022 8:38:00 AM USD CNH advances towards 7 30 as the market mood sours focus shifts to PMIs – by @Sagar_Dua24 #USDCNY #Fed #PBOC #RiskAversion #YieldCurve
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USD CNH advances towards 7 30 as the market mood sours focus shifts to PMIs – by Sagar_Dua24 USDCNY Fed PBOC RiskAversion YieldCurve The USD/CNH pair has shifted its business above the crucial hurdle of 7.2600 after a perpendicular rally from Thursday’s low of 7.2209. The asset is m The US dollar index (DXY) has refreshed its day’s high at 113.12 as negativemarket sentimenthas resulted in a flight of safety at the safe-haven counter for the market participants. Now, the DXY is aiming to test the weekly high at 113.21. Returns on US government bonds are buzzing in the global markets after overstepping figures recorded at the time of the sub-prime crisis. The 10-year US Treasury yields have printed a fresh 14-year high at 2.26%. Meanwhile, investors are shifting their focus toward the S&P PMI data, which will release on Monday. Earlier, the Manufacturing PMI landed at 52.0 while the Services PMI was recorded at 49.3.On the China front, an unchanged monetary policy by the People’s Bank of China (PBOC) has kept the Chinese yuan on the tenterhooks. The central bank maintained the status quo despite the headwinds of weaker economic prospects and sluggish price pressures. Also, the real estate demand is extremely vulnerable, which needed a booster dose. Read more:
FXStreet News » USD/CAD advances towards 1.3800 as market mood heats further, oil extends recovery USD/CNH: Next resistance comes at 7.2670 – UOB Forex Today: Inflation revolves at record highs, triggers run to safety AUD/USD keeps the red below 0.6300, focus shifts to Australian jobs report on Thursday Who should you root for at the FIFA World Cup
My New Favorite Futbolista will introduce you to the World Cup’s most inspiring soccer players and the causes they champion. New episodes hosted by former Colombian striker Juan Pablo Ángel and LX News host Eric Alvarez will drop November 1 in English and Spanish. Read more >> USD/CAD advances towards 1.3800 as market mood heats further, oil extends recoveryThe USD/CAD pair has picked bids around 1.3760 and is aiming to recapture the critical hurdle of 1.3800. The greenback bulls have been underpinned as USD/CNH: Next resistance comes at 7.2670 – UOBUOB Group’s Markets Strategist Quek Ser Leang and Economist Lee Sue Ann see the upside momentum in USD/CNH facing the next resistance at 7.2670 in the Forex Today: Inflation revolves at record highs, triggers run to safetyWhat you need to take care of on Thursday, October 20: A souring market mood benefited the American Dollar on Wednesday, which extended its latest adv AUD/USD keeps the red below 0.6300, focus shifts to Australian jobs report on ThursdayAUD/USD keeps the red below 0.6300, focus shifts to Australian jobs report on Thursday – by hareshmenghani AUDUSD Fed Bonds Employment Currencies AUD/USD faces hurdles around 0.6280 as market mood dampens, yields skyrocketThe AUD/USD pair has sensed selling pressure while attempting to cross the critical hurdle of 0.6280 in the Tokyo session. As the risk-off impulse has arching vigorously towards the weekly high of 7.USD/CAD is marching towards 1.facing the next resistance at 7.Join Telegram What you need to take care of on Thursday, October 20: A souring market mood benefited the American Dollar on Wednesday, which extended its latest advance against its major rivals. 2790 as the risk-off impulse has rebounded firmly after a minor optimism. A pullback move in S&P500 futures has terminated and the index futures have started their downside journey. Fed’s Beige Book has indicated labor demand moderation due to economic slowdown anticipation. The US dollar index (DXY) has refreshed its day’s high at 113.1850/7.12 as negative market sentiment has resulted in a flight of safety at the safe-haven counter for the market participants. The USD/CAD pair has picked bids around 1. Now, the DXY is aiming to test the weekly high at 113.8%. 21.3800.2250 (+0. Returns on US government bonds are buzzing in the global markets after overstepping figures recorded at the time of the sub-prime crisis. The 10-year US Treasury yields have printed a fresh 14-year high at 2. S&P500 futures have extended their losses after a weak Wednesday session.26%. USD is likely to trade with an upward bias but any advance is expected to face strong resistance at 7. Meanwhile, investors are shifting their focus toward the S&P PMI data, which will release on Monday.10 in the early trade and is expected to surpass the same with less effort.5% in the year to September, surpassing the previous 6. Earlier, the Manufacturing PMI landed at 52.0 while the Services PMI was recorded at 49.15% amid soaring bets for a bigger rate hike by the Federal Reserve (Fed).2100, followed by 7.3. On the China front, an unchanged monetary policy by the People’s Bank of China (PBOC) has kept the Chinese yuan on the tenterhooks. Sales for automobiles have turned sluggish amid higher vehicle prices and higher interest obligations upon the same. The central bank maintained the status quo despite the headwinds of weaker economic prospects and sluggish price pressures.1880), we highlighted that further USD strength is not ruled out but 7. The Bank of Canada's core CPI, however, unexpectedly climbed to 6. Also, the real estate demand is extremely vulnerable, which needed a booster dose. Meanwhile, Chicago Fed President Charles Evans cited that the US central bank “Needs to make sure inflation pressures don't broaden further,” He believes that the Fed should have started tightening the monetary policy six months earlier than their first rate hike in March 2022 post-pandemic. Meanwhile, oil prices have turned sideways after a correction below $85.00 as soaring yields have bolstered signs of recession ahead. The headline Consumer Price Index (CPI) escalated to 6.2332 before closing at 7. It is worth noting that China is a leading import of oil and subdued .