Monthly Archives: March 2025
The value of silver declined nearly 4% weekly as traders took profits amidst US recession fears.
Written on March 3, 2025 at 4:05 am, by anakin
Silver declines to $31.13, struggling below $33.00 amid selling pressure, support at $30.89, geopolitical and economic influences persist.
In February, China’s manufacturing PMI reached 50.8, surpassing expectations and indicating expansion.
Written on March 3, 2025 at 4:05 am, by anakin
Caixin China Manufacturing PMI rose to 50.8 in February 2025, driven by increased output, new orders, and exports.
After hitting 148.60, the USD/JPY soared for three consecutive days, targeting crucial resistance at 150.00.
Written on March 3, 2025 at 3:35 am, by anakin
USD/JPY trades at 150.59, needing 150.93 to break downtrend. Resistance at 151.00; support at 148.57.
The PBOC establishes the USD/CNY rate at 7.1745, significantly below the expected 7.2857.
Written on March 3, 2025 at 3:35 am, by anakin
PBOC sets yuan midpoint, allowing +/- 2% fluctuation. Recent injection: 97 billion yuan; net drain: 195.5 billion.
After a week of losses, gold dropped over 3% as trade policies and recession concerns strengthened the USD.
Written on March 3, 2025 at 3:05 am, by anakin
Gold prices fell over 1% due to a stronger US Dollar and trade policy concerns amid economic uncertainty.
In Australia, Q4 2024 Business Inventories rose 0.1%, surpassing expectations, boosting GDP forecasts.
Written on March 3, 2025 at 3:05 am, by anakin
Australia’s business inventories rose 0.1% in Q4 2024, while operating profit surged 5.9%, exceeding expectations.
After the US PCE data, the AUD/USD pair fell to a three-week low around 0.6200.
Written on March 3, 2025 at 2:35 am, by anakin
AUD/USD fell 0.54%, nearing 0.6200, impacted by tariffs, weak Australian data, and US PCE figures.
Japan’s February Manufacturing PMI recorded 49.0, indicating ongoing contraction amid weak global demand challenges.
Written on March 3, 2025 at 2:35 am, by anakin
Japan’s Manufacturing PMI rises to 49.0 but remains in contraction amid weak demand, rising costs, and uncertainty.
Australia’s CFTC reported an increase in AUD NC net positions, rising from $-56.7K to $-45.6K.
Written on March 3, 2025 at 2:05 am, by anakin
Australia’s AUD sentiment improves; AUD/USD rises on China’s PMI. USD/JPY drops; gold rebounds on uncertainty. Focus: NFP, ECB.
The PBOC may set the USD/CNY reference rate at 7.2857, according to Reuters’ prediction.
Written on March 3, 2025 at 2:05 am, by anakin
PBOC sets the yuan’s midpoint at 7.2857, allowing a +/- 2% fluctuation, intervening if volatility arises.