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MoneyMaker FX EA Trading Robot님의 실시간 스트림

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PBOC is expected to set the USD/CNY reference rate at 7.2581 – Reuters estimate

PBOC is expected to set the USD/CNY reference rate at 7.2581 – Reuters estimate

People’s Bank of China USD/CNY reference rate is due around 0115 GMT.

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%.

How the process works:

  • Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central bank takes into account factors such as market supply and demand, economic indicators, and international currency market fluctuations. The midpoint serves as a reference point for that day’s trading.
  • The trading band: The PBOC allows the yuan to move within a specified range around the midpoint. The trading band is set at +/- 2%, meaning the yuan could appreciate or depreciate by a maximum of 2% from the midpoint during a single trading day. This range is subject to change by the PBOC based on economic conditions and policy objectives.
  • Intervention: If the yuan’s value approaches the limit of the trading band or experiences excessive volatility, the PBOC may intervene in the foreign exchange market by buying or selling the yuan to stabilize its value. This helps maintain a controlled and gradual adjustment of the currency’s value.

This article was written by Eamonn Sheridan at www.forexlive.com.

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Bank of England Governor Andrew Bailey is speaking on Friday

Bank of England Governor Andrew Bailey is speaking on Friday

On Thursday:

Coming up at 0840 GMT / 0440 US Eastern time on Fridat #dat:

  • Bank of England Governor Andrew Bailey delivers keynote address at the Reykjavik economic conference 2025, hosted by Northwestern University and the Central Bank of Iceland, Reykjavik

This article was written by Eamonn Sheridan at www.forexlive.com.

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PBOC sets USD/ CNY reference rate for today at 7.2095 (vs. estimate at 7.2581)

PBOC sets USD/ CNY reference rate for today at 7.2095 (vs. estimate at 7.2581)

The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%.

Previous close was 7.2450

The USD/CNY fix has been ticking lower (ie a stronger CNY). I guess this will be something the China side will atn acknowledged in the talks this weekend in Switzerland.

PBOC injects 77bn yuan via 7-day RR, sets rate at 1.4%

This article was written by Eamonn Sheridan at www.forexlive.com.

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China weighs nationwide ban on home pre-sales to stabilise property market

China weighs nationwide ban on home pre-sales to stabilise property market

China is considering banning pre-sales of homes, requiring developers to sell only completed properties to reduce risks and stabilise the housing market.

  • The proposed reform is part of a “new model” of real estate development being formulated by the central government, though details are still being finalised.

  • The rule would apply only to future land sales, excluding public housing, with local governments allowed implementation flexibility.

  • The move aims to limit new housing supply and prevent further price declines, especially in smaller cities where the downturn has been more severe.

  • China’s pre-sales system fueled excessive supply and developer debt, leading to unfinished projects and mortgage boycotts.

  • Around 90% of homes were pre-sold in 2021, falling to 74% in 2023, but developers remain reliant on advance payments for cash flow.

  • Analysts warn the ban may exacerbate funding strains, slow land purchases, and curb new construction and investment.

  • The government has pledged to accelerate supportive financing mechanisms for this new model, though details remain sparse.

  • April data showed new-home sales from top developers fell 8.7% y/y, adding urgency for reform amid weak demand and fresh U.S. tariffs.

  • Over 30 cities have already piloted finished-home sales, and the central government signaled it will promote this nationwide in 2025.

The info was out Thursday ICYMI.

This article was written by Eamonn Sheridan at www.forexlive.com.

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Bitcoin hits a high circa US$104K

Bitcoin hits a high circa US$104K

Crypto is adding to its gains.

Its been sideways since January but the news for it has improved since April. Reports just now of fresh Bitcoin buying from El Salvador by the folks at Zero Hedge, the country is a keen adopter of BTC.

This article was written by Eamonn Sheridan at www.forexlive.com.

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