Montréal Exchange’s Post

16.04.24 CNH, USD, CNYUSD/CNH is screaming higher after a surprise shift in the daily PBOC fixing PBOC sets USD/ CNY mid-point today at 7.1028 (vs. estimate at 7.2475) The Bank is setting the rate against the backdrop of a surging US dollar. The reference rate today is the weakest (for CNY) since March 1. #affinmoneybrokers

#BankNiftyprediction: Traders can go long on a break above 51,730. Keep the stop-loss at 51,680. Trail the stop-loss up to 51,760 as soon as the contract moves up to 51,795. #Nifty #Niftybank https://trib.al/XbkRAu8

In the fast-moving world of forex and online trading, market liquidity is everything. From Central Bank decisions to geopolitical events, liquidity providers play a crucial role in ensuring smooth trade execution - even in volatile conditions. Discover the key factors affecting market liquidity and how LP Prime helps brokers navigate these shifts. Read more 👉 https://lnkd.in/dW5px4A2 #LPPrime #Forex #CFD #Trading #Liquidity #WhiteLabel #Prime #Brokerage #ForexBrokers

Another big month ahead for the FX markets, see what MUFG has to say about June in the attached Main movers revolve around a heavy central bank schedule Yesterday we saw the BOC cut rates...and so the monetary policy divergences begin. Who will be next? #BOC #ratecut #FX #markets #centralbank #monetarypolicy

Traders can wait now and go long on a break above 52,000. Keep the stop-loss at 51,920. Trail the stop-loss up to 52,040 as soon as the contract moves up to 52,090. #BankNifty #Niftyprediction https://trib.al/RLQgzA0

EURGBP found some support after a multi-month sell-off boosted by comments from Bank of England Governor Andrew Bailey. The currency pair rebound is set to continue. What is the short-term target of EURGBP?▶️ https://lnkd.in/dRtGc2pf #eurgbp #forextrading #forexanalysis #tradingtips #technicalanalysis #fxtrading #eurusd #gbpusd

Strong secured funding and ample bank reserves remain the two key lessons from the current repo market situation. I’m puzzled by the pressures on repo, as metrics point to high balance sheet constraints and a slight liquidity premium embedded in collateral, yet there’s no real cash/collateral issue so far. it's really about the intermediation capacity. However, even though my repo entropy index isn’t fully operational yet, it’s already signaling inefficiencies in funding. Perhaps there’s growing concern around counterparty risk, especially regarding weaker banks’ balance sheets, as the ameribor 3m vs 3m USA (counterparty risk proxy) is suggesting. To be continued…

Our Three-Month CORRA Futures continues to trade very actively around Central Bank interest rate decisions and Wednesday’s new daily volume record of 186,751 contracts as well as the latest open interest high (710,655) demonstrate that CORRA is the most robust Canadian dollar rate instrument. In January, the average daily volume of CORRA Futures reached over 80,000 contracts and is now equivalent to 275% of BAX ADV. Montréal Exchange will continue to advance the CORRA ecosystem and is soon set to complement the offering with Options on CORRA Futures for additional risk management use. http://ms.spr.ly/6044ifWum #CRA #CORRAFutures #OCR

The Bank Nifty April Futures (48,205) is up 0.45 per cent. On the charts, the contract has an immediate resistance at 48,280. A break above it can take the contract up to 48,600. https://trib.al/taIdCLr

Since Bank Nifty futures may inch up to 47,400 from the current level of 47,250, traders can initiate fresh intraday shorts when the contract touches 47,400. The target and stop-loss can be 47,800 and 46,600, respectively. https://trib.al/0HfYiNe