Russia Turns to China’s Yuan in Effort to Ditch the Dollar: WSJ
Russia’s economy, restricted from Western financial networks and the U.S. dollar, has embraced a burgeoning alternative: the Chinese yuan. Energy exporters are increasingly getting paid in yuan. Russia’s sovereign-wealth fund, a war chest to support government spending burdened by battlefield costs in Ukraine, is using the Chinese currency to store its oil riches. Source link
Trade ideas thread – European session 9 February 2023
A dent to risk sentiment or is this the start of a potential reversal? Things are certainly heating up ahead of next week’s US CPI data release. For today, we might get a bit of a teaser on the market’s appetite or angst with German inflation on the data docket. Meanwhile, the yen is also […]
Daily Technical trade Set Ups for CNH50, Russell2000 & EuroStoxx50 |
[{“code”:”firstname_latin”,”message”:”Please use Latin characters only”},{“code”:”lastname_latin”,”message”:”Please use Latin characters only”},{“code”:”email_rfc822″,”message”:”Invalid email address”},{“code”:”phone_int5″,”message”:”Please use at least 9 digits and a ‘+’ sign only”},{“code”:”name_char1″,”message”:”Please insert your name”},{“code”:”message_char6″,”message”:”Please insert a message that is 6 – 200 characters long”},{“code”:”choose_lap”,”message”:”Please choose a lap”},{“code”:”firstname_latinint”,”message”:”Please use Latin characters only”},{“code”:”lastname_latinint”,”message”:”Please use Latin characters only”},{“code”:”nick_latinmax15″,”message”:”Please use up to 15 Latin characters and digits only”},{“code”:”accept_terms”,”message”:”Please accept […]
Trade Statistics of Weekly Market Dominator (5 – 10th. Jan. 2023) – Statistics – 7 February 2023
//////////////////////////////GBPJPY///////////////////////////////////////////////////////// GBPJPY SELLERS‘ ENTRY LEVELS GBPJPY BUYERS‘ ENTRY LEVELS Open Position to be held till Friday of the entry week RECOMMENDED STOP LOSS FOR EACH TRADE – 50 PIPS RECOMMENDED PROFIT TARGET FOR EACH TRADE – 200 PIPS //////////////////////////////GBPUSD///////////////////////////////////////////////////////// GBPUSD SELLERS‘ ENTRY LEVELS GBPUSD BUYERS‘ ENTRY LEVELS 1.1966 – Active trade Open Position to be held till Friday of the entry week […]
Daily Technical Trade Set Ups for Cardano, Bitcoin & Litecoin |
[{“code”:”firstname_latin”,”message”:”Please use Latin characters only”},{“code”:”lastname_latin”,”message”:”Please use Latin characters only”},{“code”:”email_rfc822″,”message”:”Invalid email address”},{“code”:”phone_int5″,”message”:”Please use at least 9 digits and a ‘+’ sign only”},{“code”:”name_char1″,”message”:”Please insert your name”},{“code”:”message_char6″,”message”:”Please insert a message that is 6 – 200 characters long”},{“code”:”choose_lap”,”message”:”Please choose a lap”},{“code”:”firstname_latinint”,”message”:”Please use Latin characters only”},{“code”:”lastname_latinint”,”message”:”Please use Latin characters only”},{“code”:”nick_latinmax15″,”message”:”Please use up to 15 Latin characters and digits only”},{“code”:”accept_terms”,”message”:”Please accept […]
US Trade Balance With a Weaker Dollar
Traditionally, the trade balance has been one of the major drivers in forex. But it has been largely overshadowed lately with action by central banks. That doesn’t mean that capital flows aren’t defined by the trade balance. And trade can be a major factor for monetary policy decisions. The trade balance could come into renewed […]
Aus-Sino trade and commerce ministers conducted pragmatic, candid exchanges
China’s Commerce Ministry said in a statement on Monday that Australian and Chinese trade and commerce ministers conducted pragmatic and candid exchanges. Additional comments Australia and China trade ministers held virtual meeting on Feb 6. China, Australia are important economic, trade partners. Bilateral economic, trade cooperation is mutually beneficial. Two sides should work together to […]
Trade ideas thread – European session 6 February 2023
Hot. Hot. Hot. 🔥🔥🔥 US labour market conditions continue to stay strong and that sent markets for a ride on Friday with bonds selling off heavily and the dollar recovering strongly. But does that really change the Fed outlook all too much? In all honesty, I don’t think so but perhaps markets are now heeding […]
Working with China to resume full trade
Australian Trade Minister Don Farrell said on Monday he will travel to Beijing at China’s invitation, as they are working with China to resume full trade. Additional comments Will meet Chinese counterpart soon. The two have agreed to enhance dialogue at all levels, including between officials as a pathway towards a timely and full resumption […]
Daily Technical Trade Set Ups for USD, Gold & TLT |
[{“code”:”firstname_latin”,”message”:”Please use Latin characters only”},{“code”:”lastname_latin”,”message”:”Please use Latin characters only”},{“code”:”email_rfc822″,”message”:”Invalid email address”},{“code”:”phone_int5″,”message”:”Please use at least 9 digits and a ‘+’ sign only”},{“code”:”name_char1″,”message”:”Please insert your name”},{“code”:”message_char6″,”message”:”Please insert a message that is 6 – 200 characters long”},{“code”:”choose_lap”,”message”:”Please choose a lap”},{“code”:”firstname_latinint”,”message”:”Please use Latin characters only”},{“code”:”lastname_latinint”,”message”:”Please use Latin characters only”},{“code”:”nick_latinmax15″,”message”:”Please use up to 15 Latin characters and digits only”},{“code”:”accept_terms”,”message”:”Please accept […]