Reuters reported on Thursday, citing two sources with knowledge of the matter, China is planning to issue special sovereign bonds worth about 2 trillion Yuan ($284.43...
USD/CAD attracts fresh sellers on Wednesday amid a modest USD downtick. Dovish Fed expectations, along with a positive risk tone, weigh on the buck. Sliding Oil...
China’s Politburo, the country’s top leadership, held a meeting on Thursday, with the key highlights noted below. Analysed current economic situation and work, plan for future...
The People’s Bank of China (PBOC) cut the one-year Medium-term Lending Facility (MLF) rate from 2.30% to 2.0% on Thursday. The one-year MLF was last cut...
AUD/USD pulls back after touching a fresh YTD peak, albeit the downside remains limited. The divergent RBA-Fed policy expectations act as a tailwind amid the upbeat...
Here is what you need to know on Tuesday, September 24: Risk flows seem to have returned in Tuesday’s trading, as investors cheer China’s stimulus announcement...
AUD/JPY attracts some follow-through buying on Tuesday and reacts little to the RBA decision. The RBA decided to leave its benchmark interest rates unchanged and stick...
Large language models have a keen appetite for electricity. The energy used to train OpenAI’s gpt-4 model could have powered 50 American homes for a century....
Yesterday morning, the CNY was able to take advantage of the JPY’s strength against the US Dollar and also appreciated significantly against the greenback. At one...
AUD/USD attract some buyers and snaps a nine-day losing streak to its lowest level since early May. A modest recovery in the equity markets undermines the...
NZD/USD recovers swiftly from 0.5910 as the US Dollar corrects. The US Dollar weakens after mixed US S&P flash PMI for July. China’s dismal economic prospects and...
The People’s Bank of China (PBOC) unexpectedly cut its key 7-day reverse repo rate by 10 bps to 1.7% on Mon. It signals policymakers’ concerns over...
The People’s Bank of China (PBoC) announced on Monday that it cut the one-year Loan Prime Rate (LPR) by 10 basis points (bps) from 3.45% to...
Third plenum reaffirms China’s focus on high quality development and deepening reforms across the economy. Market awaits more policy details from the third plenum and the...
China’s economy grew at its slowest pace in more than a year. Analysts at UOB Group revise their GDP growth forecast for China to 4.9% for...
The gathering of top Chinese party officials amid the Third Plenum has kept base metals from weakening further, as traders await for signs of additional stimulus to turn...
GDP growth fell sharply to 0.7% q/q in Q2 from 1.5% in Q1, putting the annual growth target (5%) at risk. Supply continued to outperform domestic...
The Australian Dollar could lose ground due to weaker-than-expected GDP data from China. China’s GDP (YoY) grew 4.7% in Q2, compared to the previous expansion of...
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Silver price tumbles to near $30.70 as investors turn cautious ahead of China’s third plenum. Firm speculation for Fed rate cuts in September keeps the Silver...