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MoneyMaker FX EA Trading Robot님의 실시간 스트림

MoneyMaker FX EA Trading Robot님의 실시간 스트림

September 24, 2022 3:49 pm |

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Bank of Korea senior official says far too early to relax over inflation

Bank of Korea senior official says far too early to relax over inflation

June 8, 2023 5:43 am |

Bank of Korea senior official:

  • Does not hold view that monetary tightening is over
  • It is still too
    early to be relaxed over inflation

BoK statement:

  • Early shift in domestic monetary policy may add pressure on local
    currency
  • Recently increased
    volatility in local currency higher than past, other currencies
  • Monetary policy
    should consider inflation, financial imbalance, foreign exchange,
    credit crunch risks
  • Degree of policy
    tightening has lessened significantly this year

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

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ForexLive Asia-Pacific FX news wrap: Chinese bank rate cuts

ForexLive Asia-Pacific FX news wrap: Chinese bank rate cuts

June 8, 2023 5:22 am |

There
were yuan deposit rate cuts by a range of Chinese banks today after
calls from the authorities to do so. The cuts are aimed at providing
a boost to the economy and have sparked renewed speculation of a Loan
Prime Rate cut from the People’s Bank of China this month. As a
reminder, the Medium Term Lending Facility (MLF) rate is set by the
People’s Bank of China each month on the 15th
(or the nearest business day if this falls on a weekend) with the
Bank’s Loan Prime setting on the 20th
(ditto). The 15th
is a week away, the 20th
nearly two.

The
yuan (CNH) had lost ground overnight. USD/CNH had climbed above 7.15
for the first time in 2023 and it retested above there during the
session here. The People’s Bank of China is allowing the yuan to
slide, the CNY reference rate was set weak (USD/CNY higher) again
today.

The
news of lower rates in China to spur the economy and the lower yuan
likewise provided cross-currents for China and China-proxy trades,
such as AUD. Stimulus is a positive but the lower yuan will make
imports into China more expensive, not a positive for the global
economy. AUD/USD inched a little net higher in a very narrow range.
EUR, NZD, GBP, CAD and even yen all similar.

Other
news took a back seat to what was happening in China. OK, I
exaggerate, there was no other news. Data flow, however, included
better than expected Q1 economic growth data (GDP) from Japan and a
miss on Australian exports in April.

Asian
equity markets:

  • Japan’s Nikkei 225 -0.1%

  • China’s Shanghai Composite -0.1%

  • Hong Kong’s Hang Seng -0.2%

  • South Korea’s KOSPI -0.3%

  • Australia’s S&P/ASX 200 +0.04%

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

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OsHMA Dynamic Trend Continuation Forex Trading Strategy for MT5

OsHMA Dynamic Trend Continuation Forex Trading Strategy for MT5

June 8, 2023 5:17 am |

There are many ways to trade a trend continuation strategy in a trending market condition. Trading on pullbacks using a Dynamic Area of Support or Resistance is probably one of the simplest ways traders may trade such type of trading strategy. The only element of the trade setup that a trader would need after determining […]

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Vice governor of PBOC says Bank has ability to maintain stable FX market operations

Vice governor of PBOC says Bank has ability to maintain stable FX market operations

June 8, 2023 5:13 am |

The People’s Bank of China has a number of vice governors. I’m not sure which one this is, comments being carried by news wires:

  • We have confidence, conditions and capacity to maintain stable operations of the FX market
  • Forex market is generally stable
  • yuan market expectation and cross-border capital flows are relatively stable
  • As the Federal Reserve nears the end of this rate hike cycle, USD strength is hardly sustainable
  • External impact on the yuan is expected to weaken

I posted earlier to be aware of PBOC moves to slow down the devaluation of the yuan. Its not that the Bank is unhappy with the currency’s fall they just don’t want it to be too rapid. And its moving quickly now.

This sort of commentary is very gentle verbal intervention only. But intervention it is and may presage something more forceful. A heads up.

Little change for the offshore yuan:

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

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Bank of Canada Deputy Governor Beaudry is speaking Thursday – economic progress report

Bank of Canada Deputy Governor Beaudry is speaking Thursday – economic progress report

June 8, 2023 4:25 am |

Due at 1525 North America Eastern Time / 1925 GMT:

  • Bank of Canada Deputy Governor Paul Beaudry delivers a speech, the Bank’s Economic Progress Report. At the Greater Victoria Chamber of Commerce. This is a regular speech that follows a BoC meeting where the meeting did not deliver a Monetary Policy Report.

The Bank of Canada raised its cash rate on Wednesday:

As an aside, Beaudry is finishing up at the BoC at the end of July. He has only one more policy meeting to participate in.

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

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