China central bank issues new rules to boost yuan cross-border financing

China central bank issues new rules to boost yuan cross-border financing
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China central bank issues new rules to boost yuan cross-border financing
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This article was written by Paul Reid, a financial journalist at Exness. These key data releases will offer not only a snapshot of today’s economic health but also act as a catalyst for significant market moves. If you are a technical trader, these events may contradict your analysis. Trade with all the information for better…
Gold falls below $2,500 following US PCE report, boosting likelihood of September Fed rate cut. Fed’s cautious policy easing strategy stirs uncertainty; markets favor a 25 bps cut. Traders’ bets on a 25 bps rate cut rise to 69%; odds for a 50 bps reduction fall to 31%, per CME FedWatch Tool. Gold prices tumbled…
If you haven’t heard yet, the Taco Bell Y2K Menu is officially making a comeback. Yes, you read that right. Taco Bell is dragging us all back into the early aughts with a decades Y2K menu packed with nostalgic choices that were once permanent menu items but later disappeared. This isn’t just about food—it’s about…
WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden has decided to officially block Nippon Steel’s proposed $14.9-billion purchase of U.S. Steel, the Washington Post reported, putting an end to a long-running and contentious merger plan. The Committee on Foreign Investment in the United States (CFIUS) had previously referred the decision to approve or block the deal to…
The main event in sterling (GBP/USD) markets today is a speech by Bank of England’s Catherine Mann, the most hawkish member of the MPC. Markets will be attentive to any comments about the implications of the recent budget for monetary policy and any colour on the latest jobs/wage figures. Given her arch-hawkish stance, we suspect…
Today’s XAU/USD chart shows that gold continues to set records in September. The price has risen above $3,650 per ounce for the first time in history – one of the main drivers being expectations of a Federal Reserve rate cut on Wednesday, 17 September. Easier monetary policy is generally seen as boosting gold’s appeal –…