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The New Zealand Dollar has been under heavy pressure in recent weeks, weighed down by a string of disappointing economic data, including a sharp GDP contraction that surprised markets and pushed the RBNZ toward a more dovish stance. But markets often move in unexpected ways. Despite the policy decision being split between a 25 bps […]
The post An Unusual Pattern Emerges in NZD/USD After 50 bps Cut appeared first on Action Forex.
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%.
The previous close was 7.1309
In Open market operations (OMOs) the PBOC inject 409bn yuan at an unchanged rate of 1.4%
This article was written by Eamonn Sheridan at investinglive.com.
The Dow Jones Index is on the back foot today continuing its bearish trend this week which started with Monday’s retreat from the recent highs. The lack of US data due to the US government shutdown has left markets with few catalysts to look forward to. A host of Federal Reserve policymakers including Fed Chair […]
The post Dow Jones Technical Outlook: Dow Tests Key Confluence Level. Is Another 500 + Point Slide Incoming? appeared first on Action Forex.
Japan govt tariff negotiator Akazawa spoke with US commerce secretary Lutnick on phone
This article was written by Eamonn Sheridan at investinglive.com.
There is no end in sight for the US government shut down.
Which is not really news.
At least there is this:
This article was written by Eamonn Sheridan at investinglive.com.
UBS says investors should stay engaged in artificial intelligence, arguing that the rally remains supported by innovation, adoption, and accelerating capital expenditure rather than hype.
The bank pointed to ongoing product innovation driving compute demand, citing OpenAI’s latest developer updates and partnerships with AMD and NVIDIA as proof of deepening ecosystem cooperation. UBS estimates as much as 16 gigawatts of new data-centre capacity is planned, underlining sustained infrastructure growth.
AI adoption is broadening rapidly, with a Microsoft survey showing 26% of Americans now use AI tools daily, compared with 59% in early-adopter markets such as Singapore and the UAE. UBS expects global AI revenues to grow at a 41% annual pace to USD 2.6 trillion by 2030 as monetisation accelerates.
Valuations remain “reasonable versus the dot-com era,” UBS said, noting that earnings growth among large-cap tech names has outpaced share-price gains, keeping multiples contained. It forecasts AI-related capex rising 67% this year to USD 375 billion and another 33% next year to USD 500 billion.
UBS recommends maintaining diversified exposure across software, hardware, and semiconductor firms and phasing in allocations on market dips. The bank also continues to favour China tech, citing attractive valuations and solid medium-term earnings growth.
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UBS’s upbeat tone supports continued positioning in AI-linked equities, suggesting the sector’s gains rest on rising earnings and investment rather than speculation. Its outlook may temper bubble concerns and sustain sentiment across tech hardware and data-centre plays.
I wonder if this is going to be some cold water:
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:
This article was written by Eamonn Sheridan at investinglive.com.
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