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<p><img width="507" height="338" src="https://www.actionforex.com/wp-content/uploads/2018/03/f-japan5.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" /></p> <p>Japan’s PMI Services was f

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<p>Key Highlights</p><p>· Monthly and Annual Performance: Over the past four weeks, the S&amp;P 500 has gained 3.50%, and it has surged 20% over the last 12 months, demonstrating the resilience and positive sentiment in the U.S. stock market.</p><p>· S&amp;P 500 Performance: The S&amp;P 500 index fell by 1.

<p>On the agenda from the BoE today:</p><ul><li>1730 GMT / 1230 US Eastern time: Bank of England Chief Economist Huw Pill takes part in an online Q&amp;A organised by the Bank</li></ul><p>Pill spoke Friday:</p><ul><li><a href="https://www.forexlive.com/centralbank/boes-pill-tim

<p>Bank of Canada Governor Macklem speaks before the Montreal Council on Foreign Relations (CORIM)</p><p>Topic is:</p><ul><li>The effectiveness and the limitations of monetary policy </li><li>From approximately 1800 GMT / 1300 (ET).</li></ul><p>Macklem will be taking questions from r

<p>On Sunday evening US time, TV show '60 minutes' aired an interview it had record with Federal Reserve Chair Powell back on Thursday 01 February:</p><ul><li><a href="https://www.forexlive.com/centralbank/fed-head-powell-a-march-federal-open-market-committee-fomc-rate-cut-is-unlikely-20240205/" target

<p>The People's Bank of China cut to the RRR takes effect today:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-to-cut-reserve-requirement-ratio-from-5-february-20240124/" target="_blank" data-article-link="true">PBOC to cut reserve requirement ratio from 5 February<

<p>The headlines from Powell's interview are here:</p><ul><li><a href="https://www.forexlive.com/centralbank/fed-head-powell-a-march-federal-open-market-committee-fomc-rate-cut-is-unlikely-20240205/" target="_blank" rel="follow" data-article-link="true">Fed head Powell: A Ma

<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