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Bitcoin, USD, Gold, Silver, China, Uranium, Oil, Gas - Elliott Wave Strategies
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March PMI data revealed that China's service economy further expanded at the end of the first quarter of 2024. Moreover, the pace of business activity growth accelerated in March ...
In the forex market, broad dollar strength continued ahead of the Easter break, most notably against CHF (-1.9%), GBP (-1.2%), and NZD (-0.8%). Overall, it drove a second week of ...
post: PBOC SETS YUAN MID-POINT AT 7.0949 PER DOLLAR VERSUS LAST CLOSE OF 7.2320PBOC sets USD/ CNY mid-point today at 7.0949 (vs. estimate at 7.2282) The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. • USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. • CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. • A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC. The previous close was 7.2320. PBOC injects 2bn via 7-day RR, sets rate at an unchanged 1.8% • 250bn yuan of RRs mature today. • Thus net 248n yuan drain on the day in OMOs.
Implied volatilities fell across asset classes last week in a week in a holiday-shortened week, with the notable exception of gold. GLD 1M implied vol jumped over 2 pts to 13.4% ...
A powerful earthquake off the coast of Taiwan has rocked Taipei, knocking out power in several parts of the capital and sparking a tsunami warning for the islands of southern ...
Gold held near a fresh record and silver hit a two-year high as two Federal Reserve officials said they still expect the US central bank to cut rates three times in 2024, buoying ...