China is resisting market pressures to allow the yuan to weaken, viewing the potential downsides as outweighing the benefits. While the yuan depreciated 2.8% against the dollar in 2024, its trade-weighted renminbi index rose 4.2%, suggesting it remains relatively strong compared to other currencies that have fallen sharply…
Read MoreAt CES 2025, Nvidia CEO Jensen Huang unveiled a new series of gaming chips, the RTX 50 series, based on the company’s advanced ‘Blackwell’ AI technology. Designed to enhance graphics realism, the chips improve visual details such as shaders, adding lifelike imperfections to objects, and generate more realistic…
Read MoreThere isn’t much on the option expiries board for today. As such, trading sentiment will continue to focus on the early positioning plays to start the week. The dollar was a little weaker on tariff hopes but then Trump came out to deny that here. The bond market…
Read MoreFX option expiries for 7 January 10am New York cut Nvidia CEO Jensen Huang unveiled a new series of gaming chips The PBoC is steadfast in not allowing further yuan weakness – here’s why Recap – Japan’s Finance Minister warns against speculative yen selling Fed’s Barkin speaking on…
Read MoreUSD/JPY has dribbled off its session high after verbal intervention remarks. Japan verbal intervention to support the yen – Fin Min Kato will take action Japan’s Finance Minister Katsunobu Kato reiterated concerns about speculative yen selling as the currency hit 158.40 per dollar. This is not far from…
Read More1300 GMT / 0800 US Eastern time: Federal Reserve Bank of Richmond President Thomas Barkin speaks before the Greater Raleigh Chamber Economic Forecast: Launch 2025 Barkin spoke on Friday: Inflation still not back to target, more work to do US debt is large and growing and puts pressure…
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