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 to fluctuate within a certain range, called a “band,” around a central reference rate, … Read more
JPMorgan warns tariffs could shave GDP, lift inflation to post-war highs in scale JP Morgan says US tariffs are likely to deliver a meaningful hit to both economic growth and inflation, as Wall Street economists brace for the bulk of the impact to filter through over coming months. “Tariffs could subtract 1% from GDP and … Read more
UK housing market slows on tax and rate uncertainty — RICS Britain’s housing market lost momentum in July, with price growth slowing to its weakest pace in a year as concerns mounted over possible tax rises in Chancellor Rachel Reeves’ upcoming budget, according to the Royal Institution of Chartered Surveyors (RICS). RICS’ house price balance … Read more
Citibank sees Brent crude swinging between $60 and $90 depending on geopolitical and demand drivers. Analysts at Citibank said on Wednesday that Brent crude oil prices could fall into the low-$60 per barrel range if there is tangible progress toward a U.S.–Russia agreement, a development they see as easing geopolitical risk premiums in the market. … Read more
The Australian jobs report is due today, Thursday, August 14, 2025. The Australian Bureau of Statistics monthly jobs report happens in two stages: The first release, called Labour Force, Australia, includes the headline figures: employment, unemployment, underemployment, participation, and hours worked. That’s what we get today. The second release, Labour Force, Australia, Detailed, follows about … Read more
The price of crude oil extended to the downside in trading today, with the price falling by -$0.52 or -0.82% to $62.65. That is he lowest level since June 1. Looking at the daily chart, the price is moving further away from its 100-day moving average at $64.77. The price is also moving away from … Read more
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
Major European indices are closing higher as investors hope for peace and lower impact from tariffs. Pres. Trump and Russians Putin will meet on Friday in Alaska. Today, Pres.Trump spoke with European leaders and Ukraine’s Zelenskiy setting out the plan for the meeting (and after the meeting). He rated the meeting a 10. Looking at … Read more
Axios is reporting: Trump told EU leaders and Ukraine’s Zelinski that conceding territory will be necessary What the EU/Ukraine get in return will need to be hashed out IF this concession is made. I am not convinced that after 2 years of fighting, deaths and all that goes with the war, that Ukraine/EU will be … Read more
Stock heatmap by FinViz.com Wed, 13 Aug 2025 14:46:07 GMT 📈 Sector Overview: Tech and Healthcare Harness Gains Today’s market snapshot reveals a dynamic landscape with some sectors surging ahead while others show signs of struggle. Notably, the technology sector is on an upward trajectory, driven by strong performances from key stocks. IBM (+2.45%) and … Read more
