PBOC injects net CNY 300 bn via OMO this week

The Chinese central bank (PBOC) injected a net CNY 300 billion via open market operations (OMO) this week when compared to no net injection or withdrawal last week.

Meanwhile, the People’s Bank of China injects CNY 80 billion via 7-day reverse repos.

Gold technical analysis: The 38.2% ahead of a full retracement is on the cards on Dollar strength

Gold prices were grinding their ways higher on Thursday but they are yet to break the 1528/30s. Bulls need to get over there in order to continue high
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NZD/USD technical analysis: On the back foot, falling channel intact

NZD/USD is currently trading at session lows near 0.6430, having faced rejection at the upper edge of the falling channel in the late US trading hours
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