PBOC to conduct MLF operation on Monday

On Friday, the People’s Bank of China (PBOC) said that it will conduct Medium-Term Lending (MLF) facility operation on Monday, August 17.

The Chinese central bank will roll over maturing MLF that day, making liquidity injections to support the markets.

The PBOC injected 400 billion yuan via one-year medium-term lending (MLF) facility at 2.95% in July.

Aug 14, 2020

WTI Price Analysis: Bearish spinning top below 200-day SMA keeps sellers hopeful under $43.00

WTI remains pressured near $42.50, currently down 0.15% on a day, during the early Friday. The energy benchmark extends the previous day’s downbeat pe

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Aug 14, 2020

US budget deficit as percent of GDP to hit 75-year high in 2020

The US fiscal gap or budget deficit as a percentage of gross domestic product is expected to hit 18% in 2020, a level not seen in the past 75 years,

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