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People’s Bank of China USD/CNY reference rate is due around 0115 GMT.

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, or “midpoint.” It’s currently at +/- 2%.

How the process works:

• Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central bank takes into account factors such as market supply and demand, economic indicators, and international currency market fluctuations. The midpoint serves as a reference point for that day’s trading.
• The trading band: The PBOC allows the yuan to move within a specified range around the midpoint. The trading band is set at +/- 2%, meaning the yuan could appreciate or depreciate by a maximum of 2% from the midpoint during a single trading day. This range is subject to change by the PBOC based on economic conditions and policy objectives.
• Intervention: If the yuan’s value approaches the limit of the trading band or experiences excessive volatility, the PBOC may intervene in the foreign exchange market by buying or selling the yuan to stabilize its value. This helps maintain a controlled and gradual adjustment of the currency’s value.

This article was written by Eamonn Sheridan at investinglive.com.

People’s Bank of China USD/CNY reference rate is due around 0115 GMT.

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, or “midpoint.” It’s currently at +/- 2%.

How the process works:

• Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central bank takes into account factors such as market supply and demand, economic indicators, and international currency market fluctuations. The midpoint serves as a reference point for that day’s trading.
• The trading band: The PBOC allows the yuan to move within a specified range around the midpoint. The trading band is set at +/- 2%, meaning the yuan could appreciate or depreciate by a maximum of 2% from the midpoint during a single trading day. This range is subject to change by the PBOC based on economic conditions and policy objectives.
• Intervention: If the yuan’s value approaches the limit of the trading band or experiences excessive volatility, the PBOC may intervene in the foreign exchange market by buying or selling the yuan to stabilize its value. This helps maintain a controlled and gradual adjustment of the currency’s value.

This article was written by Eamonn Sheridan at investinglive.com.

Standard Chartered says the recent pullback in gold prices below $4,360 per ounce represents a chance for investors to re-enter the market, arguing that the metal’s key bullish drivers remain firmly in place.

Despite the correction, gold is still up 49% over the past year, supported by

• a weaker U.S. dollar,
• robust central bank buying,
• and persistent inflation concerns across major economies.
• ongoing geopolitical risks, including wars and trade tensions

Said market “normalisation” may take several weeks but expects strong technical support between $3,945 and $4,060 per ounce

• firmly view this pullback as an opportunity to add
• projecting gold to reach $4,500 within 12 months

Analysts at bank added that, with the Dollar Index down nearly 8% year-to-date, structural tailwinds such as diversification away from fiat assets and continued central-bank accumulation are likely to underpin demand for gold into 2026.

This article was written by Eamonn Sheridan at investinglive.com.

Gold price (XAU/USD) declines to around $4,000 during the early Asian session on Tuesday. The precious metal edges lower as traders dialed back bets for further Federal Reserve (Fed) rate cuts. The Fed’s Michelle Bowman is scheduled to speak later in the day. 

President Trump also threatened to withhold federal funds from New York if Zohran Mamdani, a democratic socialist, wins Tuesday’s election.

GBP/USD has managed to keep pumping the brakes at the outset of another trading week, finding enough friction to hold off on further declines as price action toys with the 1.3150 level.

Asia Pacific markets were mostly set to fall Tuesday, breaking ranks from Wall Street, which saw a tech-fuelled rally stateside.

The post Eco Data 11/4/25 appeared first on Action Forex.

The Panama Canal Authority expects a slowdown in global trade next year as weaker economic activity curbs shipping demand, even as liquefied petroleum gas (LPG) flows through the canal continue to expand sharply.

Info via Reuters report.

Administrator Ricaurte Vásquez said on Monday that “a reduction in world trade is likely next year amid the economic slowdown,” but noted that the canal’s share of U.S. LPG exports to Asia has risen to more than 95% from 80%, underscoring the growing importance of energy shipments in its traffic mix.

Vásquez said the passage of LPG vessels is expected to keep increasing, with strong U.S. export growth and firm Asian demand driving throughput despite broader shipping weakness.

He added that many U.S. companies have shown interest in a planned LPG pipeline project, aimed at improving energy transport efficiency and easing congestion on the canal’s busy route.

—

Vásquez’s remarks highlight diverging trends in global trade: softer container and bulk demand versus surging U.S. LPG flows.

This article was written by Eamonn Sheridan at investinglive.com.

The Panama Canal Authority expects a slowdown in global trade next year as weaker economic activity curbs shipping demand, even as liquefied petroleum gas (LPG) flows through the canal continue to expand sharply.

Info via Reuters report.

Administrator Ricaurte Vásquez said on Monday that “a reduction in world trade is likely next year amid the economic slowdown,” but noted that the canal’s share of U.S. LPG exports to Asia has risen to more than 95% from 80%, underscoring the growing importance of energy shipments in its traffic mix.

Vásquez said the passage of LPG vessels is expected to keep increasing, with strong U.S. export growth and firm Asian demand driving throughput despite broader shipping weakness.

He added that many U.S. companies have shown interest in a planned LPG pipeline project, aimed at improving energy transport efficiency and easing congestion on the canal’s busy route.

—

Vásquez’s remarks highlight diverging trends in global trade: softer container and bulk demand versus surging U.S. LPG flows.

This article was written by Eamonn Sheridan at investinglive.com.