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<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2021/09/f-job42.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/

<p><img width="507" height="338" src="https://www.actionforex.com/wp-content/uploads/2018/03/f-gold11.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p> <p>Gold jumped notably overnight following extended decline

<p><img width="531" height="325" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-canada1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p> <p>BoC Governor Tiff Macklem emphasized the anticip

<p><img width="495" height="349" src="https://www.actionforex.com/wp-content/uploads/2018/04/f-usd61.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/

<p>The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.</p><ul><li>USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.</li><li>CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.</li>

<p>People's Bank of China USD/CNY reference rate is due around 0115 GMT.</p><p>The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan

<p>The Reserve Bank of Australia cash rate is currently at 4.35%.</p><p>Via Reuters poll:</p><ul><li>All 29 economists in the Jan. 31-Feb. 1 poll expected the RBA to hold its official cash rate &lt;AUCBIR=ECI&gt; at 4.35%</li><li>None expected further hikes in this cycle</li><li>AN

<p>Bank of America on the Federal Reserve – now projecting the first FOMC rate cut at the June meeting. BoA were previously forecasts March. </p><p>Citing:</p><ul><li>very few inflation readings before May</li><li>FOMC preferring to make policy changes at meetings with new quarterly economic pro

<p>On Thursday we had the data for the US January S&amp;P Global final manufacturing PMI, in at 50.7 vs 50.3 prelim.</p><p>Adam had that posted earlier.</p><p>Something that caught my eye, stick in the mud that I am, was that the inflation indicator in this report is showing significant upward pressure. From the co

<p>The housing finance results have declined on the month, but from elevated levels. </p><p>AUD/USD is sitting close its session high, in a very small range.</p><p>—</p><p>The q/q slowing in PPI will take some of the pressure off rising consumer level prices.</p><p>The Producer Price Index