DitsIntelligence: Latest Global Market News, Forex Market Education

For each currency pair, forex brokers will provide you two separate prices: the bid and ask price.  The " bid " is the price at which the base currency can be SOLD. The " ask " is the price at which the base currency can be purchased. The spread is the difference between these two prices. Also referred to as the " bid/ask spread ."  What is the spread in forex trading ? Brokers who do not charge commissions rely on the spread to make money. This spread represents the cost of enabling instantaneous transactions. This is why " transaction cost " and " bid-ask spread " are interchangeable terminology. The cost of making a trade is included into the buy and sell price of the  currency pair  you want to exchange, rather than being charged separately. This makes sense from a business aspect. The broker provides a service and must earn a profit in some way. They profit by selling the currency to you for a higher price than they purchased for i...

Anthony Albanese, the prime minister of Australia, has asked China to lift its economic restrictions on his country in an effort to mend the relationship. Key Quotes Beijing and Canberra have started speaking face to face. The meeting between the Chinese counterpart and the defence minister took place almost two weeks ago. On June 15, Albanese stated, "China is the one who put sanctions in place, China is the one who has changed, and China is the one who needs to lift those restrictions." Regarding China, there have already been some advancements, but there is still more work to be done, Albanese stated in reference to the resumption of talks between their ministries. "I said before the election that China's sanctions against Australia should be lifted, regardless of the results. The Australian economy and employment are suffering, but the Chinese economy is also suffering."

Christine Lagarde, president of the European Central Bank, made these comments in an interview with the Funke Mediengruppe, which was published on Friday. Until inflation returns to its 2 percent target, the ECB will boost interest rates. The rate increase is merely the most recent stage in our process of ending the special measures. As long as it takes to reduce inflation to our objective over the medium term, we will maintain raising rates. Depending on the information received, the governing council will evaluate the situation and choose the appropriate pace for our next measures. Robert Holzmann, an ECB hawk, has added the following remarks: ·       “Forecasts indicate that the economy would grow less rapidly, which has caused us to be rather cautious.” ·       " The state of the economy will be revealed in the autumn. We will then be able to determine if we want to add another 0.5 percent "r less." ·       “The ECB is anxious to avoid pu...

  The People's Bank of China (PBOC) put the Yuan (CNY) at 6.7543 today in recent activity, up from the previous closing of 6.7518. About the Fixation On the mainland, China maintains tight control over Yuan exchange rates. The offshore Yuan (CNH), which is less heavily regulated than the onshore Yuan (CNY), has different trading regulations. The People's Bank of China (PBOC) establishes a so-called daily midpoint fix every morning based on the Yuan's closing level from the previous day and quotes obtained from the inter-bank dealer. Learn to Trade with Best and Trusted Global Broker Start your journey with us and learn from basic to advance with one to one training session. Get full knowledge about the market from our expert team and become expert in market. Free Enquiry Now:    Check Out Here

  Former Treasury Secretary Lawrence Summers remarked that the US Federal Reserve (Fed) policymakers need to take decisive action to rein in skyrocketing inflation when commenting on the Fed's course of action. Key Quotes "Our central bank must take decisive action," “He said it's "extremely doubtful" that the US economy will experience a soft landing and cast doubt on the chances of one.” “When we've experienced this kind of circumstance before, a recession is highly likely.” "When inflation has been high and our employment has been low, recession has almost always followed." “We have a lot of options for containing or managing inflation.” “But there will be a lot more suffering down the road if we go with the ostrich policies we had in 2021.”

China's GDP Is Anticipated To Increase By 4.7 Percent This Year, Falling Short Of The Aim Of 5.5 Percent, According To PBOC's Wang According to a statement released on Monday by Wang Yiming, a member of the People's Bank of China's (PBOC) monetary policy committee, the Chinese economy is predicted to rise by 4.7 percent this year. According to Wang, China's economy may experience a significant upturn in the second half, "but challenges remain for the 5.5 percent aim." The central bank advisor said on Saturday that the nation might try to stimulate the economy by issuing unique national bonds that don't count as financial deficits. The Market Reaction When last seen, the USD/CNY currency exchange rate was traded at 0.6860 points, down 0.04 percent on the day. The aforementioned remarks have no effect on the pair. Learn to Trade with Best and Trusted Global Broker Start your journey with us and learn from basic to advance with one to one training session...

  On Monday, the People’s Bank of China (PBOC) fixed the USD/CNY reference rate at 6.7120 points in comparison with the preceding day’s trade, which was closed at 6.7160 points, and on Friday, the PBOC rate was fixed at 6.6923 points. It's worth mentioning that the day's fix was scheduled to be 6.7073. According to Reuters, the PBOC injects 10 billion yuan via 7-day reverse repos at a rate of 2.10 percent, down from 2.10 percent previously. About the Fixation China maintains tight control over the Yuan currency rate on the mainland. The onshore Yuan currency (CNY) is always differentiated with the offshore Yuan (CNH) in the trading limitations but however the latter one is not as rigidly managed. On each morning, the People’s Bank of China (PBOC) fixes a so-called daily mid-point fix which is based on the Yuan’s preceding day’s closing value and various kinds of the quotations taken from the inter-bank dealer. Learn to Trade with Best and Trusted Global Broker Start your journe...

  According to Yao Jingyuan, former chief economist and spokeswoman for the National Bureau of Statistics, the Chinese economy is likely to increase by roughly 3% in Q2 and should aim to meet the yearly target of 5.5 percent growth (NBS). Important Quotes "It's not a question of what policy is still missing; it's a matter of putting the State Council's 33 pro-growth initiatives into action." "Local governments can reduce the down payment ratio and drop the mortgage rate even more to improve housing demand, and more support for private and micro enterprises is also needed to encourage employment." Learn to Trade with Best and Trusted Global Broker Start your journey with us and learn from basic to advance with one to one training session. Get full knowledge about the market from our expert team and become expert in market. Free Enquiry Now:    Click Here

  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...