US dollar strengthens as 10-year yield rises to one-year highs.USDJPY edges higher as Bank of Japan leaves monetary policy unchanged.NZDUSD sell-off gathers steam after a break below 0.6800. US dollar bounce-back from two-month lows against the major’s, gathered steam Tuesday morning. The dollar index, which tracks the greenback strength, powered the 95.30 level after … [Read more...] about USDJPY Eyes 115.00 as BOJ Leaves Policy Unchanged and NZDUSD Turns Bearish
Currency Pairs Beginners Should Stay Away From in FX Trading
In the FX market, currencies are traded in pairs. These pairs are classified into majors, minors, and exotic pairs. Major pairs are the most popular currencies, and they are characterized by high liquidity and low spreads, which make them favorable to most traders. Minor pairs are the second most traded currencies, and they will technically have lower liquidity than the majors. … [Read more...] about Currency Pairs Beginners Should Stay Away From in FX Trading
Chinese Economy Grows Slower Than Expected in 2021 After 4% Expansion in Q4
Source: National Bureau of Statistics of China China’s fourth-quarter economic growth came in faster than projected, given the steady boost in production, but this was not enough to bring the full-year figure up economists’ expectations. MCHI is down 0.11% premarket. The fourth-quarter gross domestic product climbed by 4% from a year ago, faster than the 3.5% forecasted … [Read more...] about Chinese Economy Grows Slower Than Expected in 2021 After 4% Expansion in Q4
China’s Central Bank Cut One-Year Policy Loans to 2.85% on Slowing Economy
Source: Bloomberg China has cut a major interest rate for the first time since the peak of the Covid-19 pandemic in 2020 as the struggling property market and repeated virus outbreaks hampered the growth outlook. CSI 300 Index up +0.86%, CNY USD up +0.09% The People’s Bank of China lowered the rate on its one-year policy loans by 10 basis points to 2.85%, the first cut … [Read more...] about China’s Central Bank Cut One-Year Policy Loans to 2.85% on Slowing Economy
US Industrial Production Fell by 0.1% in December on Lower Manufacturing Output
Source: The Federal Reserve US industrial production dropped 0.1% in December, coming weaker than the market estimate. DXY up +0.19%, EUR USD down -0.26% Industrial production, which measures the changes in the value of output, was projected to increase by 0.3% in December. Its increase in November was revised upwards to 0.7% from 0.5%.The Fed stated that the total … [Read more...] about US Industrial Production Fell by 0.1% in December on Lower Manufacturing Output
