Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
PBOC sets USD/CNY reference rate at 7.1286 vs. 7.1289 previous
Source Fxstreet
The People’s Bank of China (PBOC) set the USD/CNY central rate on Monday at 7.1286, as against the previous day's fix of 7.1289 and 7.2640 Reuters estimates.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
The 365-day MVRV ratio suggests that this crash may be just the beginning. If the ETF is rejected before the second quarter of 2024, it could trigger a sharp correction.
The Japanese Yen (JPY) rallied to the highest level since early February against its American counterpart on Friday amid bets for an imminent shift in the Bank of Japan's (BoJ) policy stance.
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
David Tepper, the CEO of Appaloosa Management, is one of the best-known hedge fund managers working today.Tepper has a net worth of $21.3 billion, making him one of the wealthiest people in the world. He's known for, among other things, taking a contrarian approach to investing, zigging while others are zagging.