IHFX’s Post

The recent surge in the RMB exchange rate saw it break the 7.1448 mark against the USD on August 5th. On July 24th, the onshore RMB exchange rate reached a high of 7.2776. Exchanging USD 50,000 at that time compared to the August 5th low of 7.1448 would have resulted in a loss of over CNY 6,000 in just a few days. Conversely, exchanging on August 5th would have saved CNY 6,000. Over the past month, the RMB has continued to appreciate. This is mainly due to the recent weakness of the USD. The US unemployment rate rose to 4.3% in July, the highest since October 2021, exceeding expectations. This indicates a faster-than-expected deterioration in the labor market, triggering recession indicators. All three major US stock indexes opened lower, with the Dow Jones dropping over 900 points at one point and the Nasdaq falling over 3%. The weakening dollar has led to the appreciation of non-USD currencies. The RMB is expected to remain stable and appreciate in the second half of the year. #foreignexchange #import #export #trading #reels #reelsfypシ #SupplyChain #ecommerce #LikeAndShare #like4like #LikeFollowShare #logistics #ExchangeRate

USD Strengthens Amid Market Caution 📈 USD Gains: The US dollar reaches three-week highs as markets turn cautious ahead of major economic events. 📊 Mixed Market Reactions: US sharemarkets remain flat, easing last week's volatility. 🔄 FX Market Movements: GBP/USD ↓ 0.1% EUR/USD ↓ 0.3% USD/JPY ↑ 0.3% AUD/USD ↑ 0.1% NZD/USD ↓ 0.1% USD/CNH & USD/SGD ↑ 0.1% 🗓️ Upcoming Key Events: 🔹 Wednesday: Australian CPI, Bank of Japan meeting 🔹 Thursday: US Federal Reserve, Bank of England decisions 🔹 Friday: US non-farm employment report Source: https://lnkd.in/gATV7CUS Convera Sizer Metals Pvt. Ltd. Sizer Metals Pte Ltd #sizermetals #sizermetalspteltd #abizertambawala #MetalIndustry  #MarketUpdate #USD #Forex #FX #FinancialMarkets #Investing #CurrencyTrading #MarketTrends

Daily Market Report - Thursday, Mar 07, 2024 Despite poor German Factory order data, EURUSD hovers near the 1.0900 price zone ahead of the ECB decision. US stock and crude futures are struggling to revive upside momentum. Japanese Yen remains the strongest currency pair. Gold price remains to be extra volatile today. Read more▶️ https://lnkd.in/gfh2Nc_M #ecb #eurusd #europeancentralbank #forex #usdjpy #boj #goldprice #preciousmetals #tradingtips #technicalanalysis #interestrates #federalreserve

Gold trades with caution above $2,350, as focus shifts to US NFP Gold price has reversed early gains to trade cautiously above 2350 on Thursday. Sustained US Dollar weakness alongside sluggish US Treasury bond yields keeps the downside in Gold price capped amid the July 4 us holiday thinned market conditions. Friday NFP data eyed. Gold price remains supported near a two-week high amid rising Fed rate cut bets. Geopolitics, along with political uncertainty, also lends support to the XAUUSD. A positive risk tone could cap further gains ahead of the US NFP report on Friday. .#forex #forextrader #forexanalysis #forexeducation #trading #trade #trend #trending #forexdailyanalysis #technicalanalysis #forexlifestyle #forexschool #xauusd #audusd #nzdusd #usd #dollar #forexbrasil #forexamerica

Busy market week; Recap it with us on the Big Picture: -Equities: S&P500 closes at new all-time high. -Rates: Higher after hotter CPI and PPI prints. -FX: The buck has a slight bid as the BoJ is firmly in focus. -Commodities: Oil breaks out of its range at last, while copper surges on news out of China.

Daily Report of Currency, Equity, Commodity, Bonds Report for Tuesday, 26 November 2024 *Headlines* Rupee posts best day in over five months boosted by inflows, softer dollar Dollar eases as Treasuries rally on Bessent Treasury nomination Nifty above 24,200, Sensex up 993 pts; all sectors in the green Dow Extends Record Closing Run, Treasury Yields Plunge Gold tumbles over 3% on reports of Israel-Hezbollah ceasefire, US Treasury pick Oil falls more than 2% on possible Middle East peace deal US 10-year yields drop to 2-week low as bonds rally on Bessent pick Read Full Report https://lnkd.in/dwrUZYkE

💡 Tim Waterer, Chief Market Analyst at KCM Trade, Shares Insights: Aussie Dollar Hits New 2024 High! 📊 The AUD is soaring thanks to a US rate cut, hawkish RBA, and fresh Chinese stimulus! With AUDUSD trading at 0.6905, we may see a run toward 0.70 soon! Meanwhile, gold continues its upward climb, and crude oil is gaining momentum. 💰 Keep an eye on the US Core PCE Price Index this Friday for potential market shifts! For the complete commentary, visit our website 👉 https://lnkd.in/eAE992cB #KCMTrade #MarketAnalysis #Economy #Finance #Forex #ForexTrading #MarketInsights #MarketUpdate #Gold #USD #USGDP #FinanceNews #MarketTrends #Investing

Global markets closed mixed, while yields were up across board. Gold dipped. BOJ, US and BOE’s interest rate decision data scheduled this week. Read more: https://lnkd.in/dR8yndj4 #AXYS #GlobalMarkets #AssetManagement #WealthManagement #Equities #FixedIncome #Commodities

The Euro’s Fed-fueled rise against the USD proved short-lived. European Manufacturing PMI slips, US S&P PMIs came in mixed, Jobless Claims figures came in stronger than expected. DXY rallying towards 104.00 again. For USDINR, 83.05 acts as a support while 83.30 a resistance. #usdinr #rupee #dollarindex #dxy #fx #forex #currency #inflation #growth #bonds #yields #equities #globalmarkets #federalreserve #fed #brentcrude #oil

USD/CAD Price Forecast: Oscillates at 1.3474 Amid Rising Oil Prices - Forex News by FX Leaders https://bit.ly/49mqtzi #USD #CAD #PriceForecast #Oscillates #OilPrices #ForexNews #FXLeaders