PBOC sets Yuan reference rate at 7.0858

The People's Bank of China (PBOC) has set the Yuan reference rate at 7.0858, missing the market expectation of 7.1237, but above Wednesday's fix at 7.0835.

Aug 29, 2019

USD/CNH technical analysis: Trapped in a pennant pattern

USD/CNH has created a narrowing price or a pennant pattern on the 4-hour chart in the last three day. As of writing, the upper edge of the pennant is

Gold: Fresh risk-off renews buying interest around $1,540

With the latest trade/political headlines renewing risk-off, Gold takes the bids near $1,540 by the press time of early Thursday.