DitsIntelligence: Latest Global Market News, Forex Market Education

  How To Invest In Foreign Exchange Market (FX) In 2022 Do you know? Investing in the  forex market  provides exciting opportunities for traders and investors to speculate on the exchange rates of various countries' currencies around the world. Before digging deep into the  foreign exchange market ,  let’s learn the fundamentals of the  forex exchange market . What is the foreign exchange market?    It is the process of buying and selling of one country’s currency for another country’s currency. For instance, if you are travelling abroad and exchanging the Indian currency into that country’s currency (for example, it can be the U.S. dollar or the British Pound). But here is where the  currency exchange  takes place. Hence, it is involved in the  foreign currency market .  It seems interesting, right? Do you want to invest in the  foreign exchange market ? Here are some golden rules: Follow them! 1.     ...

  The People's Bank Of China (PBOC) Has Urged Banks To Enhance Lending To Small And Medium-Sized Businesses (SMEs). The People’s Bank of China (PBOC) released a statement through Reuters in which the PBOC insisted banks raise contributions through SMEs. On Thursday, the PBOC issued a notice that said it will further increase the financial company’s confidence in lending loans to small enterprises. China's State Council, the cabinet, held what has been described as an unprecedented national video teleconference on stabilising the economy on Wednesday, with reportedly upwards of 100,000 participants, including officials of various levels, stressing the need to better implement measures to safeguard market entities, employment, people's livelihoods, and keep the economy operating in a reasonable range, according to the Global Times. The Market Reaction When last seen, the USD/CNY currency pair was trading at 6.7101 points, gaining 0.27% in a day. Forex Market News Currency Tra...

  Peisch, US Trade Representative: Review Of US-China Tariffs Will Take 'Months' On Wednesday, the United States Trade Representative General Counsel Greta Peisch said at an event hosted by Georgetown University’s law school that there is urgency to undertake the analysis of the Trump-era taxes on Chinese goods as soon as possible.       However, Peisch acknowledged that the analysis would take months, according            to  the Bloomberg reports.       Important Quotes      "We would like to undertake analysis as early as possible."       In part, it will be operated by the huge responses that we are receiving and                  undergoing of all these responses, we make sure that we really have a good                process to consider. Given that, it’s probably going t...

  Coronavirus Data: Beijing Reports 45 New Cases, And Shanghai's Port Is Back Up To 95 Percent Capacity Beijing, China's COVID-affected capital, increased its grip on the virus, aiming for zero community transmission by punishing workplaces that break laws or avoid limitations and urging people to regulate their own activities. Since the end of April, the city of Beijing, which has a population of 22 million people, has been dealing with dozens of new COVID cases every day. This situation has occurred when the city is under quarantine mode but only a handful have been discovered at the community level, but the high transmission of the Omicron variant poses a new threat to the world’s most strict pandemic containment policies.          China’s capital Beijing has reported 45 new cases on Wednesday, in comparison with the             47 COVID cases on Tuesday.          B...

  USD/CNY Fix : 6.6766 (Predicted 6.6742 ; Prior 6.6550) In today's recent trade, the People’s Bank of China (PBOC) fixed the Yuan currency (CNY) at 6.6766 points in comparison with the predicated of 6.66742 points, and on the previous day it was closed at 6.6550 points. About the Fixation In the mainland, China manages stern limitations on the Yuan’s currency rate (CNY). In trading limitations, the onshore Yuan currency (CNY) is always differentiated from the off-shore Yuan currency (CNY), but the latter one is not strictly controlled. On each morning, the People’s Bank of China (PBOC) fixes a so-called daily midpoint fix, which is based on the preceding day's closing level and various types of quotations taken from the inter-bank dealer. Forex Market News Currency Trading News Global Markets News

  Around 1.0645, EUR/USD Sees Strong Resistance — UOB Forex Market(FX) Strategists of the UOB Group Quek Ser Leang and Peter Chia said that in the coming weeks, the EUR/USD should find significant support around 1.0645 points. Important Quotes 24-hour View:  On last Friday, the EUR Currency is increased to 1.0593 range, prior to the easing off and closed at 1.0560 (-0.25%). The underlying tone has improved, and the EUR is expected to test last week's high at 1.0605 today. We do not expect a sustained increase over this level for the time being. The next level of resistance is 1.0645. A violation of 1.0530 (minor support is at 1.0550) on the downside would signal that the present slight upward pressure has faded." In the Next 1-3 Weeks:  On last Thursday (May 19 th ), the EUR currency is increased to a high of 1.0607 points. The increase appears to be part of a corrective comeback with room to grow. Any rise, however, is likely to run into strong resistance at 1.0645. As l...

  USD/CNY Fix: 6.6756 Compared. 6.6934 Expected And 6.748 Before In today’s recent trade, the People’s Bank of China (PBOC) fixed the Yuan (CNY) currency at 6.6756 points in comparison with the predicted one at 6.6934 points, and earlier it was at 6.748 points. About the Fixation On the mainland, China maintains a strict limit on the Yuan (CNY) currency rate. In trading restrictions, the On-share Yuan (CNY) is always distinguished from the Off-share Yuan (CNY).Hence; the latter one is not as rigidly controlled. On each morning, the People’s Bank of China (PBOC) fixes a so-called daily mid-point fix, which depends on the Yuan’s last day's closing value and various quotations taken from the inter-bank dealer. Forex Market News Currency Trading News Global Markets News

 The Relationship Between Australia And China Will Continue Challenging, According To New Australian Prime Minister Albanese On Monday, Australia’s new Prime Minister, Anthony Albanese, said that the alliance between Australia and China seems to be difficult. These comments were made during the swearing-in ceremony of Australia’s new Prime Minister, Anthony Albanese, a few hours before his travel to attend a summit with the USA, Japan, and Indian leaders, called the Quad, following this Monday. In a general election on Saturday, the Albanese labour party defeated Scott Morrison's conservative government. The Market Reaction While keeping its level below 0.7100, the AUD/USD currency pair has reserved the majority of its prior gains and is up by 0.75% on the day. Forex Market News Currency Trading News Global Markets News

  Overall, Yen Depreciation Benefits Japan – IMF Official According to Reuters, an official from the International Monetary Fund (IMF) stated on a Friday morning in Europe that "overall, yen depreciation benefits Japan." Besides, the IMF official also mentioned that, "By adding, recent yen fluctuations are aligned with medium-term fundamentals, then the Bank of Japan (BOJ) effectively controls the yield curve." In addition to this, the International Monetary Fund (IMF) Deputy Managing Director Kenji Okamura also noted that Asian economies must be careful of overabundance threats from the decade of off-beat easing monetary policies by the main central banks, which have retreated quicker than predicted. The Forex Market (FX) Implications The USD/JPY currency pair retreated from the intraday high following news and fell to 127.80 points amid mixed clues and lethargic markets.   Forex Market News Currency Trading News Global Markets News

  New Covid Cases Have Been Reported In Beijing, Reigniting Fears Of A Lockdown An earlier report mentioned that the Shanghai district is required to close all shops and residents must stay at home. Currently, Bloomberg reports that, during its current COVID outbreak, the Beijing city has reported a record number of COVID cases. Therefore, while reviving the crisis, the Chinese officials are planning to implement a lockdown in the capital city of China as they don’t want to see any community out spread of the COVID virus in the future. On Sunday, the city of Beijing reported 99 COVID cases, up from 61 on Saturday. The Bloomberg report warns that the total number of COVID cases might be low, but since the COVID outbreak started, the rise seems to be one of the biggest. This will exacerbate the lockdown crisis, and it may be resurrected through financial markets, which are scaling on risk appetite, and currencies such as the Australian dollar, which trades as an intermediate. However...

China Should Emphasise Stabilising Growth By Restoring Normal Order, According To An Ex-PBOC Adviser. The Economic Weekly reported, quoting Yu Yongding, a former advisor to the People’s Bank of China (PBOC), said, "China’s fiscal and economic growth has slowed down rapidly and the country should focus on bringing back normal life and production as soon as possible in order to stabilise employment." Important Quotes China should focus on improving consumption and investment through expansionary financial and monetary policies while also focusing on improving the supply chain system. China’s top priority is to get back to normal, and they can bear the rising costs as long as the inflation rate is within the limit. Forex Market News Currency Trading News Global Markets News