CNY News

Chinese Yuan NEWS

*all rates are indicative market rates.

EUR/JPY hovers below 150.00 as US Treasury yields decline
June 8, 2023
EUR/JPY trades with mild losses, hovering around the 149.75 area. Data from the Euro zone showed a negative Gross Domestic Product revision to Q1 figu
EUR/USD Forecast: Euro rises above the 20-day SMA, looks at 1.0800
June 8, 2023
The EUR/USD had its best performance in weeks on Thursday on the back of a weaker US Dollar. The Greenback fell across the board following softer empl
EUR/USD climbs due to US jobs data, despite EU’s recession
June 8, 2023
EUR/USD soars sharply past the 1.0750 area on Thursday after less stellar jobs data in the United States (US) weakened the US Dollar (USD). That said,
Bank of Canada's Beaudry: Core inflation and excess demand led to interest rate hike
June 8, 2023
"We felt it was necessary," said Bank of Canada Deputy Governor Paul Beaudry on Thursday regarding the 25 basis points rate hike announced on Wednesda
AUD/USD Forecast: Open road toward 0.6800 as Dollar loses momentum
June 8, 2023
The AUD/USD posted its highest daily close in almost a month, boosted by a weaker US Dollar and added to weekly gains. The slide of the USD further bo
GBP/USD surges amidst US labor market data, BoE rate hike bets
June 8, 2023
GBP/USD rallies above 1.2500 as labor market data from the United States (US) keeps investors expecting a pause on the Federal Reserve (Fed) hiking cy

Canadian Dollar Outlook: USD/CAD at Risk on Hawkish BoC but Fed May Be a Spoiler
June 8, 2023 by Diego Colman
The Bank of Canada's hawkish stance could weigh on USD/CAD in the near term, but the Fed could counter weakness if it embraces an aggressive stance at its June meeting next week.
Silver Prices Draw Support from USD Weakness and Falling Yields, US CPI Eyed
June 8, 2023 by Diego Colman
After a subdued performance on Wednesday, silver prices spring back to life, rallying more than 3% on Thursday, boosted by U.S. dollar weakness and falling yields.
USD/JPY Price Forecast: Yen Bid on Japanese GDP & US Jobless Claims
June 8, 2023 by Warren Venketas
USD/JPY is down 0.5% today on the back of strong Japanese GDP and US jobless claims. The Yen now looks to push away from the 140 handle.
US Dollar Update: Key Data and Events Next Week Will Steer the Greenback
June 8, 2023 by Nick Cawley
The US dollar continues to trade sideways despite rising US Treasury yields and expectations of higher US rates in Q3. Next week’s economic calendar will steer the dollar’s short-term trajectory.
EU Enters Recession: EUR/USD, EUR/GBP and EUR/JPY Price Setups
June 8, 2023 by Richard Snow
The euro zone has technically entered a recession as downward revisions to both the Q4 2022 and Q1 2023 figures confirmed two consecutive quarters of negative growth
Gold Prices at Risk of Freefall Below the 100-Day MA
June 8, 2023 by Zain Vawda
Spot Gold faces continuous hurdles in an attempt to push higher. Could recessionary fears rekindle the safe havens appeal or is a freefall toward $1850/oz incoming?
Dow and CAC40 Move up, but Nasdaq 100 Struggles
June 8, 2023 by IG
After its huge run higher, the Nasdaq 100 has faltered, but the Dow and CAC40 are showing signs of strength
GBP/USD Price Forecast: UK Housing Prices a Sign of Future Pound Weakness?
June 8, 2023 by Warren Venketas
GBP/USD is looking for a fundamental catalyst as it wades within a symmetrical triangle formation.

Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since May 23, 2023 19:00 GMT when Wall Street traded near 33,096.00.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bullish contrarian trading bias.
USD/CAD IG Client Sentiment: Our data shows traders are now net-long USD/CAD for the first time since May 24, 2023 08:00 GMT when USD/CAD traded near 1.36.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bearish contrarian trading bias.
EUR/GBP IG Client Sentiment: Our data shows traders are now at their most net-long EUR/GBP since May 11 when EUR/GBP traded near 0.87.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.
GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since May 22, 2023 14:00 GMT when GBP/USD traded near 1.24.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.
France 40 IG Client Sentiment: Our data shows traders are now net-long France 40 for the first time since Mar 15, 2023 when France 40 traded near 6,947.70.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger France 40-bearish contrarian trading bias.
FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Mar 30, 2023 when FTSE 100 traded near 7,622.50.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bearish contrarian trading bias.

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