In a follow-up to Governor Pan Gongsheng’s earlier remarks this week, the People’s Bank of China announced today a 50bps cut in the reserve requirement ratio and a 20bps reduction in the seven-day reverse repurchase rate. This move is intended to release approximately CNY 1T in long-term liquidity, enabling banks to lend more and increase […]
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AUDUSD continues to experience high volatility It tests the resistance set by a long-term trendline Momentum indicators send a mixed message AUDUSD is trading sideways today, following three very volatile sessions that pushed it to Read more…
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Gold price rallied further and traded to a new high above $2,680. Crude oil is showing bearish signs and might decline below $66.80. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started Read more…