Mes: noviembre 2022

Chinese Yuan Outlook: USD/CNH Test PBOC’s Patience as US Dollar Rises Post-FOMC

The Chinese Yuan is trading at its lowest level since January 2008 after the FOMC rate decision boosted the US Dollar. USD/CNH is breaking higher in early Asia-Pacific trading. Will the PBOC respond?

from DailyFX – Market News https://bit.ly/3h9ry7d
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Oil Price Holds Above 50-Day SMA to Eye October High

The price of oil may attempt to retrace the decline from the October high ($93.48) as it seems to be no longer responding to the negative slope in the 50-Day SMA ($86.44).

from DailyFX – Market News https://bit.ly/3DtMMo5
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Fed Hikes Rates by 75 bp and Alters Guidance; US Dollar Outlook Post-FOMC

The Federal Reserve delivered the fourth consecutive 75 basis point hike at its November meeting, bringing the policy rate to a range of 3.75-4.00%, in line with market expectations.

from DailyFX – Market News https://bit.ly/3zDqZJA
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FTSE 100 Pressurized by Resistance as the Fed Takes Center Stage

FTSE 100 remains under pressure as investors look for clues on when rate hikes might ease. As UK stocks struggle to gain traction, psychological resistance firms.

from DailyFX – Market News https://bit.ly/3U3UWdO
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