05.01.2021 17:04 Forex Analysis & Reviews: EUR/USD. RMB records, US Senate by-elections, and "coronavirus anchor"
Fundamental analysis of USD/CNY
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The year-end is getting closer. What will 2021 bring us? Let’s find out what major banks expect! USD: down and down and down Most analysts predict the further falling of the US dollar during the next year. The consensus is the decline by 5-10% against most currencies. There are two main reasons for ...
Long-term review Information that showed up on the market about the imminent end of the US-China trade war keeps the XAU/USD bulls in a depressed state. Low interest rates of central banks and world debt markets, along with the end of the conflict between Washington and Beijing, can push stock in....
Relevance up to 08:00 2019-11-27 UTC+1 On Friday, the dollar received substantial support and ended the week on a positive note. Markit PMI indexes in November, and both the service sector and the manufacturing sector showed an increase This growth was higher than expected. In addition, the Unive....
Relevance up to 17:00 2019-08-29 UTC+2 Judging by the dynamics of defensive instruments, traders are less and less trusting the words of politicians, preferring more significant fundamental factors. Even the high-profile statements of Donald Trump, designed to reassure investors, do not inspire co....
Relevance up to 17:00 UTC+2 An unexpected surge in anti-risk sentiment in the foreign exchange market provided weak support for the euro-dollar pair. Against the background of a general weakening of the US currency, the pair impulsively reached a one-week high of 1.1164, however, it quickly retrea....
The Chinese Deputy Minister of Trade said that the country is looking for a way to find a common language with the United States. He noted that the desire to engage in talks also exists on the US side. He hopes that meeting Xi and Trump during the G20 gathering will go smoothly next weekend. He coun...
In September, the Chinese reduced their commitment to US government debt by almost $ 14 billion, the strongest since January. In the hands of the largest foreign creditor of the United States, there were securities valued at USD 1.15 trillion.The Chinese sold off US government debt for the fourth co...
Before the GDP and Industrial Production data was published, the Chinese banking and insurance regulator said the systemic risk is under control. The head of the institution asked financial companies for appropriate risk management in the stock markets and encouraged the insurance sector to invest i...
Financial markets remain in a mood of gloom at the informational sphere focused on the problems of China and Italy. Poorly Chinese yuan, which sends bad vibrations among others towards AUD and emerging markets.Investors focus on the negative aspects of the decision of the People's Bank of China to l...
The People's Bank of China announced on Friday that it imposes mandatory reserves of 20% for forwarding transactions on USD/CNY, which according to the bank's position is to "stabilize the exchange rate of the yuan". The actions are undoubtedly aimed at strengthening the currency and stopping the ou...
Last week, Trump criticized the Fed's monetary policy, saying that raising the Fed's interest rates leads to a strengthening of the dollar against the currencies of other countries that pursue a soft monetary policy. First of all, his statement concerned, of course, the euro. According to Trump, if ...
An increase in the number of jobs by approximately 50,000 it's the best result for many months. In addition, this is mainly due to changes in the field of full-time employment, which is additionally accompanied by an increase in the participation rate. Good information from this sphere of the econom...