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Premier Li Qiang states that unilateral protectionist actions disrupt the global economy.
China’s Premier Li Qiang highlights the need for fair trade practices amidst rising global protectionism. The nation pledges to boost imports and drive economic growth, signaling potential opportunities in commodities and tech stocks. – vtmarketsmy.com
Written on November 5, 2025 at 7:57 am
Categories: Live Updates
The PBOC set the USD/CNY central rate at 7.0901, surpassing previous values.
The People’s Bank of China set the yuan’s central rate at 7.0901, stronger than expected, amid economic challenges and a weak yuan. They aim to stabilize the currency and support growth despite global pressures. – vtmarketsmy.com
Written on November 5, 2025 at 7:56 am
Categories: Live Updates
EUR/USD stays above 1.1500 as cautious expectations surround ECB policy direction
EUR/USD holds steady at 1.1490 as the Euro benefits from a cautious ECB outlook, while the US Dollar faces uncertainty from government shutdowns. Traders eye inflation data for potential volatility. – vtmarketsmy.com
Written on November 5, 2025 at 7:56 am
Categories: Live Updates
Services PMI in China drops to 52.6 from 52.9, as expected, according to RatingDog.
China’s Services PMI dropped to 52.6, signaling economic slowdown. Consequently, the Australian Dollar weakened against major currencies, prompting traders to consider shorting it as economic concerns grow. – vtmarketsmy.com
Written on November 5, 2025 at 7:56 am
Categories: Live Updates
AIB Services PMI for Ireland rises from 53.5 to 56.7 this month
Ireland’s services PMI rises to 56.7, boosting Euro optimism. Amid US shutdown uncertainty, gold prices climb while Bitcoin stabilizes. Watch for volatility in GBP and potential gains in AUD. – vtmarketsmy.com
Written on November 5, 2025 at 6:57 am
Categories: Live Updates
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