Goldman Sachs raises yuan forecasts on China export strength

Goldman Sachs raises yuan forecasts on China export strength
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Goldman Sachs raises yuan forecasts on China export strength
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The foreign exchange market, or forex for short, is a thrilling arena where fortunes can be made and lost in the blink of an eye. For traders navigating this dynamic landscape, identifying potential trend reversals is paramount. This knowledge empowers you to capitalize on shifts in momentum, potentially entering trades at opportune moments and profiting…
GBPUSD reversed from support level 1.2495 Likely to rise to resistance level 1.2625 GBPUSD currency pair recently reversed up from the pivotal support level 1.2495 (which has been steadily reversing the pair from May) intersecting with the lower daily Bollinger Band. The upward reversal from the support level 1.2495 stopped the previous medium-term impulse wave…
The Eurto Stoxx 50 index is closing at a new record level. The closing level at 5590.00 is up 46.60 point or 0.84% the closing level took out the previous high close at 5536.50 from February 18. It also surpassed the intraday high price from March 6 at 5563.90. The other indices in Europe also…
Boston Fed President Susan Collins said she supported last week’s FOMC decision to lower the federal funds rate by 25 basis points, but emphasized that the decision was”a close call”. Incoming information suggests the balance of risks has shifted modestly, with scenarios involving a notable further rise in inflation “seem somewhat less likely”. Nevertheless, Collins…
OneChronos has announced the launch of its new spot FX trading venue. OneChronos FX introduces an optimization based auction model to global currencies for the first time, following its scaled deployment in equities through the ATS operated by its sister company, OneChronos Markets LLC. This marks OneChronos’s first expansion beyond U.S. equities, and brings its…
Robinhood is close to finalizing a settlement with a group of investors who sued the online brokerage over its decision to restrict trading in GameStop Corp. and other meme stocks during a frenzy in early 2021, according to a court filing. Dedicated Forex cloud solutions with stable and fast cross-border connections capable of high-demand scenarios….