Forex News

Source: Nasdaq China is set to sell an additional 170,000 metal stockpiles of copper, aluminum, and zinc from its state reserves on July 29. USDCNY is down -0.19%, CSI 300 is up +0.69%.  The metal sales will comprise 30,000 tonnes of copper, 90,000 tonnes of aluminum, and 50,000 tonnes of zinc. The auction happens for the second time as Beijing aims to curtain the … [Read more...] about Beijing Sets July 29 as the Date for the Next Sale of Metal Stockpiles to Tame Prices

MPC’s Prof. Haskel viewed labor and productivity as essential in developing monetary policy. The UK government is scheduled to release its net borrowing prospects in the public sector for June 2021 (MoM), which stood at £23.6 billion in May 2021. New Zealand’s credit card spending report stood at 27.2% in the prior reading. The GBPNZD pair added 0.48% as of 5:30 am … [Read more...] about GBPNZD Analysis: Productivity Estimates Push the Pound Ahead of NZ Credit Card Transaction Report

Source: Census Bureau  The number of authorized private-owned houses in the US plunged at an annual rate of 5.1% in June from May to hit 1.598 million. SPY is up +0.24% on premarket, DXY is up +0.27%. The building permits in June were 23.3% above the rate in the comparable month of 2020.June housing starts rose by 6.3% from May to an annual rate of 1.643 million … [Read more...] about Building Permits Plunge by 5.1% in June amid Gains in Housing Starts

Japan has witnessed an improvement in exports and industrial output with a steady increase in fixed business investments. The BoJ is set to maintain the purchase of 12-trillion-yen worth of ETFs and 180-billion-yen worth of Japanese real estate investment trust (J-REIT).   Non-resident investors reduced their Canadian equities in June 2021 by CA$3.3 billion … [Read more...] about CADJPY Analysis: Canadian Dollar Slides As BoJ Prepares June 2021 CPI

Oil prices plummeted more than 5% on Monday, the biggest drop since March, as OPEC+ agreed to increase output. CL1! is down -6.72%. Brent oil traded at $ 69.68 a barrel, a $3.61 or 4.9% decline by 1405 GMT while U.S oil traded at $68.06 a barrel, a fall of $3.75 or 5.2%.Analysts have attributed the move by OPEC+ as a step towards free and increased production capacity by … [Read more...] about Oil Dip 5% on OPEC+ Supply Boosts Amid Demand Concerns on Covid Cases Surge