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PBOC’s Pan says will rely less on loan growth targets and more on rate tools to guide policy
The People’s Bank of China (PBOC) Governor Pan Gongsheng said on Wednesday that the Chinese central bank will rely less on loan growth targets and more on interest rate tools to guide policy.
Wed, Sep 16
CLARITY fails to pass Senate, what happens next?
The US Senate on Tuesday blocked further consideration of the Digital Asset Market Clarity Act, with a procedural vote falling short of the 60 required YEA. The motion to advance the bill failed 49-50, with all 49 supporting votes coming from Republicans.
Wed, Sep 16
Silver Price Forecast: XAG/USD bears have the upper hand below $64.00 and 200-day EMA
Silver (XAG/USD) struggles to capitalize on the previous day's modest gains and fails to break above the $64.00 round figure during the Asian session on Wednesday.
Wed, Sep 16
EUR/JPY Price Forecast: Holds ground above 179.00 within oversold territory
EUR/JPY gains ground for the third successive day, trading around 179.10 during Asian hours on Wednesday. Technical analysis of the daily chart shows the currency cross trading within a descending channel, keeping the overall bias bearish.
Wed, Sep 16
August UK inflation report expected to show rising inflation
The United Kingdom (UK) Office for National Statistics (ONS) will publish the highly anticipated Consumer Price Index (CPI) data for August on Wednesday at 06:00 GMT.
Wed, Sep 16
United States Dollar Index gains ground ahead of Fed interest rate decision
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing its winning streak for the sixth consecutive day and trading around 99.70 during Asian hours on Wednesday.
Wed, Sep 16
Euro sticks to losses near one-month low as USD bulls retain control ahead of Fed decision
The EUR/USD pair sticks to a negative bias for the fifth straight day and trades around the 1.1535-1.1530 area during the Asian session on Wednesday.
Wed, Sep 16
British Pound softens below 1.3500 as traders await UK CPI data, Fed rate decision
The GBP/USD pair loses ground to near 1.3470 during the early Asian trading hours on Wednesday. The US Dollar (USD) strengthens against the British Pound (GBP) on expectations of a US interest rate hike.
Wed, Sep 16
PBOC sets USD/CNY reference rate at 6.7628 vs. 6.7670 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7628 compared to the previous day's fix of 6.7670 and 6.7148euters estimate.
Wed, Sep 16
Canadian Dollar languishes near two-week low as bullish USD offsets oil gains ahead of Fed
The USD/CAD pair retains its positive bias for the sixth straight day, trading near the 1.3930 area, a two-week high during the Asian session on Wednesday amid a bullish US Dollar (USD).
Wed, Sep 16
WTI slips to near $100.50 despite escalating Middle East supply disruptions
West Texas Intermediate (WTI) oil price declines after two days of gains, trading around $100.50 per barrel during Asian hours on Wednesday. However, crude oil prices may rebound, driven by a series of broadening supply disruptions across the Middle East.
Wed, Sep 16
Saudi air defenses intercept Houthi drone near Mecca
The Saudi-led coalition said that Saudi air defenses intercepted and destroyed a drone launched by Yemen’s Houthi group near Mecca, Reuters reported on Tuesday.
Wed, Sep 16
Japanese Yen flatlines ahead of Fed rate decicion
The USD/JPY pair holds steady near 155.25 during the early Asian session on Wednesday. Traders prefer to wait on the sidelines ahead of the US Federal Reserve (Fed) interest rate decision later on Wednesday. On Friday, attention will shift to the Bank of Japan (BoJ) interest rate decision.
Wed, Sep 16
Gold declines below $4,300 as US yields climb, Fed rate decision looms
Gold price (XAU/USD) declines to near $4,285 during the early Asian session on Wednesday.
Tue, Sep 15
New Zealand Current Account (QoQ) came in at $-1.67B, above forecasts ($-2.57B) in 2Q
Tue, Sep 15
Australian Dollar softens as risk-off mood meets FOMC countdown
The Aussie Dollar loses 0.11% against the Greenback on Tuesday as risk appetite remains negative amid calls from AI company CEOs to slow development, while the FOMC monetary policy meeting looms. Expectations for a Fed rate hike undermine the AUD/USD, which trades at 0.7130.
Tue, Sep 15
New Zealand Current Account - GDP Ratio increased to -3.2% in 2Q from previous -3.6%
Tue, Sep 15
The Euro edges lower as Frankfurt's hike takes effect the day Washington votes
EUR/USD closed Tuesday near 1.1540, down 0.1%. It fell on the day the European Central Bank (ECB) raised its deposit rate to 2.50% and in each of the three sessions since.
Tue, Sep 15
GBP/JPY Price Forecast: Rebounds above 207.00 as oversold risk eases
The GBP/JPY edges higher by about 0.29% on Tuesday, even as risk appetite has shifted to the sour side due to geopolitical developments that are driving global bond yields higher amid inflation fears. At the time of writing, the cross-pair trades at 209.02 after bouncing off daily lows of 208.25.
Tue, Sep 15
The Pound drifts lower as the Fed lines up a rate above the Bank of England's
GBP/USD closed Tuesday near 1.3470, down 0.2%. Wednesday's Asian and London hours are the last before the Fed is expected to raise its rate for the first time since July 2023. By the New York close its ceiling should sit a quarter-point above Bank Rate.
Tue, Sep 15
