August 20, 2024 - FPG Fortune Prime Global

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XAGUSD – 20 Aug 2024

XAGUSD – 20 Aug 2024 On the daily timeframe, XAGUSD showed significant gains before finally experiencing a trend reversal as it tried to enter the kumo cloud. Silver reached a price position of 29.432 before the trend reversed and started showing bearish signs. This reversal looks set to continue, especially as the stochastic indicator shows […]

China Holds Benchmark Lending Rates: PBOC Maintains August Rates After July Cut

China Holds Benchmark Lending Rates: PBOC Maintains August Rates After July Cut China’s central bank, the People’s Bank of China (PBOC), has decided to keep its benchmark lending rates unchanged for August. The one-year loan prime rate (LPR) remains at 3.35%, while the five-year LPR stays at 3.85%, according to an official statement released on […]

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