The US dollar continues its upward trajectory, buoyed by robust retail sales figures and shifting expectations around Federal Reserve rate cuts.
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The China desk, offering tailored development strategies, insights into China-specific market trends, a team skilled in Chinese business culture, and networking with Chinese stakeholders, is expected to enhance bilateral trade and investment.
Opal Yang highlights the critical role of personalized relationships in the Chinese-speaking FX and CFD space and addresses the unique regulatory challenges in China, providing valuable insights into the Asian financial landscape.
“Demand for China data has never been higher. This is set against a general industry trend of increased market participant sophistication, and an increasing demand for quality historic market data to understand market microstructure and venue behaviour. Market participants need to get the full picture of market quality, liquidity and order book dynamics to ultimately make better informed decisions on the markets they trade and the venues they run.”
“The addition of these 19 new ETF CFDs to the TickTrader platform, reflects our dedication to meeting the evolving needs of our traders, allowing them to access a broader spectrum of trading opportunities, catering to diverse trading preferences and strategies. We believe that this expansion will only serve to enhance the trading experience our clients have at FXOpen.”
Standard Chartered has joined the ranks of financial institutions engaging with China’s digital currency efforts, offering exchange services for the digital yuan, also known as e-CNY.
“These unique new T-bond futures will help drive market liquidity and support the further development of Hong Kong’s RMB ecosystem, cementing the city’s role as the world’s leading offshore RMB hub.”
China exhibited the lowest volatility in terms of the rate of change, with the lowest maximum decrease recorded at approximately -4.12%. This stability is particularly noteworthy against the backdrop of a turbulent global economic scene.
By combining Wilshire’s technological expertise in data analytics with HSIL’s deep regional insights, the collaboration aims to offer a more comprehensive and customized set of tools for institutional investors in Greater China
The Singapore Exchange (SGX), the country’s paramount exchange operator, has released its monthly volumes across its FX, derivatives and commodities segments for September 2023.
The development of Synapse by HKEX is complementary to the global push towards settlement cycle reduction, as seen most recently in North America which is preparing to move to a T+1 settlement cycle around May 2024.
The expansion into China represents more than just a geographic milestone for Nuvei. It also adds an essential component to the company’s comprehensive suite of alternative payment methods (APMs), which currently counts 634 different options. These APMs play a crucial role in catering to local market preferences, thereby enhancing Nuvei’s value proposition for businesses looking to penetrate new markets within the APAC region.
Australia’s leading stock market index, the S&P/ASX 200, has been on a downward trend for the past three weeks. From a technical perspective, the price still remains in a consolidation, but the occurrence of lower highs indicates increasing selling pressure, and potentially a descending-triangle.
The Digital Yuan app in China has been updated to make it easier for tourists to use digital currency during their visits. International tourists can now top up their Digital Yuan wallets using Mastercard or VISA cards before arriving in China.
“Lirunex is devoted to empowering traders across APAC by offering them quality trading services along with financial market information to ensure that traders are making wise choices while accessing international financial markets.”
China’s pilot program for its central bank digital currency (CBDC), known as the digital yuan, has taken a significant leap forward with the integration into Chinese business and air travel systems. Chinese business travelers will now have the option to pay for their flight tickets and variety of other functions using the e-CNY.
The commodity markets, known for their ever-changing nature, have recently witnessed a slight degree of volatility in crude oil prices. Over the past few days, there has been a notable decline in the value of crude oil. Just a week ago, prices were around $81.50, but they closed at $79.58 at FXOpen yesterday.
“I would like to thank Mao Zhirong for his significant contributions to our Mainland development strategy over a pivotal period in the development of our markets; many of the projects that he has led have been foundational to our vision to build the Marketplace of the Future.”
“Returning to the Chinese market is an exciting step for our Scope Markets brand. We had built a loyal following in the country so look forward to rekindling many of those strong relationships, as well as working with new clients, too.”