Core Viewpoint - The article provides the interbank foreign exchange market's RMB exchange rate midpoint for May 22, 2025, highlighting fluctuations against various currencies, indicating a mixed trend in the currency market [1]. Exchange Rate Summary - USD/RMB is reported at 7.1903, down by 34 points, indicating an appreciation of the RMB [1] - EUR/RMB is reported at 8.1462, up by 197 points, showing a depreciation of the RMB against the Euro [1] - HKD/RMB is reported at 0.91858, down by 3.1 points, indicating an appreciation of the RMB [1] - GBP/RMB is reported at 9.6474, up by 38 points, showing a depreciation of the RMB against the British Pound [1] - AUD/RMB is reported at 4.6273, down by 5 points, indicating an appreciation of the RMB [1] - CAD/RMB is reported at 5.1884, up by 104 points, showing a depreciation of the RMB against the Canadian Dollar [1] - 100 JPY/RMB is reported at 5.0009, up by 101 points, indicating a depreciation of the RMB against the Japanese Yen [1] - RMB/RUB is reported at 11.0853, down by 1220 points, indicating an appreciation of the RMB [1] - NZD/RMB is reported at 4.2688, down by 45 points, indicating an appreciation of the RMB [1] - RMB/MYR is reported at 0.59278, down by 20.9 points, indicating an appreciation of the RMB [1] - CHF/RMB is reported at 8.7096, up by 84 points, showing a depreciation of the RMB against the Swiss Franc [1] - SGD/RMB is reported at 5.5784, up by 146 points, indicating a depreciation of the RMB against the Singapore Dollar [1]

Core Points - Currency Exchange International Corp. has upgraded its trading status to the OTCQX Best Market under the symbol CURN, effective May 20, 2025, from the Pink market [1][3] - The company will continue to maintain its primary listing on the Toronto Stock Exchange under the symbol CXI [2] - The upgrade aims to enhance the company's visibility and engagement with U.S. investors, aligning with its strategy to increase its U.S. shareholder base [3] Company Overview - Currency Exchange International Corp. provides comprehensive foreign exchange technology and processing services for banks, credit unions, businesses, and consumers in the U.S. and select global clients [4] - Key products and services include foreign currency exchange, wire transfer payments, Global EFTs, and foreign cheque clearing [4] - The company serves wholesale customers through proprietary FX software applications and personal relationship managers, while consumers are served through retail branches and an e-commerce platform [4] Operational Changes - The company's wholly-owned Canadian subsidiary, Exchange Bank of Canada, is in the process of discontinuing its operations [5]

外汇市场一周展望：多重不确定性下的波动前瞻 (2025年5月19日-5月23日) 1. 美元的信用与避险双重属性博弈： 穆迪近期将美国AAA信用评级展望下调至Aa1，并预测美国债 务/GDP比率将持续攀升，这在长期内引发了市场对美元信用风险的担忧，并可能对美债收益率构 成上行压力。 2. 美联储政策预期的矛盾： 尽管部分美联储官员（如博斯蒂克）重申了2025年可能降息一次的预 期，但最新的美国通胀预期（5月一年期通胀预期初值高达7.3%）和疲软的消费者信心数据，共 同描绘了一幅经济增长放缓与通胀压力并存的复杂图景。这种"滞胀"风险或至少是高通胀的持续 性，可能限制美联储的政策空间，使得市场对降息时点和幅度的预期摇摆不定，进而影响美元走 势。 周一 (5月19日): 中国4月经济数据 (10:00): 工业增加值、社会消费品零售总额等数据。若表现强于预期，通常被视 为全球经济需求改善的信号，有望提振澳元、纽元等商品货币 欧元区4月CPI终值 (17:00): 若最终数据较初值上修，将进一步确认欧元区通胀的黏性，可能强化 欧洲央行维持紧缩或延迟降息的预期，从而支撑欧元。 美联储官员讲话 (20:45): 副主席杰 ...

Core Points - The central bank's foreign exchange market data indicates a mixed performance of the Renminbi against various currencies, with a notable depreciation against the US dollar and a significant appreciation against the Swiss franc [1] Exchange Rate Summary - USD/CNY: 7.1938, down 25 points (Renminbi appreciation) [1] - EUR/CNY: 8.0573, up 9 points [1] - HKD/CNY: 0.92146, down 6.3 points [1] - GBP/CNY: 9.5785, up 243 points [1] - AUD/CNY: 4.6114, down 204 points [1] - CAD/CNY: 5.1596, up 39 points [1] - 100 JPY/CNY: 4.9494, up 310 points [1] - CNY/RUB: 11.1060, down 450 points [1] - NZD/CNY: 4.2322, down 201 points [1] - CNY/MYR: 0.59389, down 17.8 points [1] - CHF/CNY: 8.6189, up 556 points [1] - SGD/CNY: 5.5542, up 155 points [1]

Core Insights - The article emphasizes the importance of clearing speed in enhancing trading experience and profitability for forex traders [3][4][12] - HTFX's clearing speed is highlighted as a competitive advantage that reduces transaction delays and builds user trust [4][6] - Technological support, including automation and real-time monitoring, plays a crucial role in improving clearing efficiency [5][10] Group 1: Impact of Clearing Speed - Clearing speed directly affects decision-making efficiency in forex trading, allowing traders to respond quickly to market changes [6][8] - Faster clearing reduces transaction costs and enhances capital efficiency, enabling traders to execute subsequent trades more flexibly [6][12] - The speed of clearing is particularly critical during high market volatility, where delays can lead to missed trading opportunities [8][12] Group 2: Technological Innovations - Continuous technological advancements are expected to further enhance clearing speed and trading efficiency [10][11] - Automation tools and real-time analysis are essential for optimizing clearing processes and improving overall trading experience [7][10] - The integration of blockchain and artificial intelligence is anticipated to revolutionize clearing solutions, providing transparency and security [10][11] Group 3: User Feedback and System Performance - User feedback is vital for identifying bottlenecks in the clearing process and driving improvements [8][10] - Enhanced system performance directly influences daily operational efficiency and user experience, reducing latency and increasing confidence in the platform [7][10][14] - Key technical factors affecting clearing speed include network latency, server performance, and data processing capabilities [14]

Report Overview - The report is a macro team report from the research center, dated May 14, 2025, focusing on the performance of global asset markets [2] Global Asset Market Performance 10 - Year Treasury Yields of Major Economies - On May 13, 2025, the 10 - year Treasury yields of the US, UK, France, etc. were 4.467, 4.669, 3.353 respectively. The latest changes ranged from - 0.010 (Japan) to 0.038 (South Korea). Weekly changes varied from - 0.001 (Brazil) to 0.217 (Japan), monthly changes from - 0.124 (Italy) to 0.136 (Japan), and annual changes from - 1.034 (Japan) to 0.323 (UK) [3] 2 - Year Treasury Yields of Major Economies - On May 13, 2025, the 2 - year Treasury yields of the US, UK, Germany, etc. were 3.880, 3.974, 1.932 respectively. The latest changes ranged from - 0.020 (US and UK) to 0.092 (Australia). Weekly changes varied from - 0.051 (China 1Y) to 0.230 (US), monthly changes from - 0.095 (South Korea) to 0.225 (Australia), and annual changes from - 1.363 (Italy) to 0.430 (Japan) [3] Dollar Exchange Rates Against Major Emerging - Market Currencies - On May 13, 2025, the dollar - Brazilian real exchange rate was 5.608 with a latest change of - 1.19%. Weekly changes varied from - 1.86% (Brazil) to 2.12% (Malaysian ringgit), monthly changes from - 5.66% (South Africa) to - 2.83% (South Korea), and annual changes from - 10.36% (Thai baht) to 7.99% (Brazil) [3] Stock Indices of Major Economies - On May 13, 2025, the S&P 500, Dow Jones Industrial Average, and NASDAQ were 5886.550, 42140.430, 19010.080 respectively. The latest changes ranged from - 1.87% (Hang Seng Index) to 1.61% (NASDAQ). Weekly changes varied from - (Russia) to 7.46% (NASDAQ), monthly changes from - (Russia) to 16.00% (NASDAQ), and annual changes from - 11.23% (Thailand) to 31.82% (Germany's DAX) [3] Credit Bond Indices - The latest changes of US investment - grade, euro - zone investment - grade, and emerging - market investment - grade credit bond indices were 0.06%, - 0.01%, 0.01% respectively. Weekly changes were - 0.26%, - 0.13%, - 0.12%, monthly changes were 1.45%, 0.70%, 1.12%, and annual changes were 6.63%, 5.87%, 7.33% [3][4] Stock Index Futures Trading Data Index Performance - The closing prices of A - shares, CSI 300, SSE 50, ChiNext, and CSI 500 were 3374.87, 3896.26, 2708.06, 2062.26, 5781.67 respectively, with涨跌（%） of 0.17, 0.15, 0.20, - 0.12, - 0.21 [5] Valuation - The PE(TTM) of CSI 300, SSE 50, CSI 500, S&P 500, and Germany's DAX were 12.57, 10.93, 29.14, 25.18, 18.98 respectively, with环比变化 of 0.03, 0.04, - 0.08, 0.18, 0.06 [5] Risk Premium - The 1/PE - 10 - year interest rate of S&P 500 and Germany's DAX were - 0.50, 2.59 respectively, with环比变化 of - 0.03, - 0.05 [5] Fund Flows - The latest values of A - shares, the main board, small - and medium - sized enterprise board, ChiNext, and CSI 300 were - 959.81, - 591.43, -, - 302.57, - 115.58 respectively, and the 5 - day average values were - 514.16, - 328.65, -, - 139.64, - 12.26 [5] Trading Volume - The latest trading volumes of the Shanghai and Shenzhen stock markets, CSI 300, SSE 50, small - and medium - sized enterprise board, and ChiNext were 12915.25, 2675.86, 693.58, 2838.92, 3682.05 respectively, with环比变化 of - 168.85, - 285.37, - 95.22, 10.37, 0.61 [5] Main Contract Basis - The basis of IF, IH, IC were - 45.26, - 19.86, - 127.07 respectively, with a basis ratio of - 1.16%, - 0.73%, - 2.20% [5] Treasury Futures Trading Data Treasury Futures - The closing prices of T00, TF00, T01, TF01 were 108.715, 105.955, 108.890, 106.265 respectively, with涨跌（%） of - 0.49%, - 0.19%, - 0.45%, - 0.20% [6] Funding Rates - The R001, R007, SHIBOR - 3M were 1.4343%, 1.5337%, 1.6620% respectively, with daily changes of - 12.00BP, - 2.00BP, - 1.00BP [6]

Summary of Key Points Core Viewpoint - The interbank foreign exchange market shows a depreciation of the Renminbi against various currencies, indicating a strengthening of the Renminbi overall [1] Currency Exchange Rates - The USD/CNY exchange rate is reported at 7.1991, down by 75 points, reflecting a Renminbi appreciation [1] - The EUR/CNY exchange rate is at 8.0017, down by 1057 points, indicating a significant Renminbi strengthening against the Euro [1] - The HKD/CNY exchange rate is at 0.92374, down by 26.5 points, showing a slight Renminbi appreciation against the Hong Kong Dollar [1] - The GBP/CNY exchange rate is at 9.5047, down by 868 points, suggesting a notable Renminbi appreciation against the British Pound [1] - The AUD/CNY exchange rate is at 4.5980, down by 413 points, indicating a Renminbi strengthening against the Australian Dollar [1] - The CAD/CNY exchange rate is at 5.1623, down by 241 points, reflecting a Renminbi appreciation against the Canadian Dollar [1] - The JPY/CNY exchange rate is at 4.8633, down by 913 points, showing a significant Renminbi strengthening against the Japanese Yen [1] - The CNY/RUB exchange rate is at 11.2425, down by 1580 points, indicating a Renminbi appreciation against the Russian Ruble [1] - The NZD/CNY exchange rate is at 4.2270, down by 529 points, reflecting a Renminbi strengthening against the New Zealand Dollar [1] - The CNY/MYR exchange rate is at 0.59787, up by 20.7 points, indicating a slight depreciation of the Renminbi against the Malaysian Ringgit [1] - The CHF/CNY exchange rate is at 8.5355, down by 1183 points, suggesting a Renminbi appreciation against the Swiss Franc [1] - The SGD/CNY exchange rate is at 5.5249, down by 388 points, indicating a Renminbi strengthening against the Singapore Dollar [1]

5月12日亚洲交易时段早盘，美元/日元汇率在146.00整数关口下方承压回落，自月初触及的月度高点147.00附近震荡下行。市场情绪在贸易协议乐观预期与 地缘政治风险间反复拉锯，导致美元多头暂缓攻势，避险货币日元获得阶段性支撑。 美元指数在亚洲时段维持高位震荡，上周五触及4月10日以来新高105.50后小幅回调。美联储官员近期持续释放"鹰派暂停"信号，强调降息需等待更明确通 胀回落证据，这为美元提供结构性支撑。技术面显示，美元/日元汇率在3-4月跌势的50%斐波那契回撤位(145.55)上方获得支撑，日线级震荡指标重返积极区 域，小时图呈现看涨形态，暗示后续反弹可能测试61.8%回撤位146.80-146.85区间。若突破该阻力带，147.00整数关口及前高147.35将进入攻击范围。 下行风险聚焦关键支撑位 下行方面，145.55区域构成第一道防线，失守可能引发加速下跌，目标直指145.00心理关口。该位置与4小时图200周期均线(144.98)重叠，若被有效跌破，技 术性抛售可能将汇价压低至144.45附近，甚至考验144.00整数支撑。值得注意的是，日本央行政策转向时点与美联储降息预期差，仍将是决定中期 ...

Group 1: Market Overview - The global foreign exchange market experienced significant volatility this week, influenced by trade negotiations, Federal Reserve interest rate decisions, global central bank policy dynamics, and geopolitical risks [1][6] - The focus of the market is on the progress of tariff negotiations, the direction of Federal Reserve policies, and the performance of global economic data, with geopolitical risks and trade policy uncertainties remaining key factors affecting market sentiment [6] Group 2: Dollar Performance - The US dollar index showed a fluctuating trend, opening around 99.8, reaching a high of 100.64, with an increase of approximately 1.03% [3] - Initially pressured by expectations that the Federal Reserve might maintain interest rates, the dollar rebounded after comments from Fed Chair Powell regarding inflation and trade policy, closing at 100.42 [3] - The dollar exhibited "bull-bear divergence," with investors remaining cautious due to the complexity of US economic data and global economic uncertainties [3] Group 3: Euro and Pound Performance - The euro experienced a volatile week, initially rising for two consecutive trading days before declining on Wednesday and Thursday, closing with a slight rebound at 1.12511 [3] - The euro is expected to face long-term resistance at 1.2150, with insufficient upward momentum, likely maintaining a narrow ascending channel in the short term [3] - The British pound weakened due to uncertainties surrounding the Bank of England's interest rate decision and economic data, closing around 1.3300 [3] Group 4: Safe-Haven and Commodity Currencies - Safe-haven currencies like the yen and Swiss franc performed poorly this week, with the USD/JPY pair showing a V-shaped trend as market risk aversion eased amid tariff negotiations [4] - Commodity currencies were mixed, with the Australian dollar weakening due to global economic growth concerns and commodity price fluctuations, while the Canadian dollar stabilized and rebounded due to rising oil prices [5] Group 5: Global Central Bank Dynamics - Several central banks maintained their policies this week, including the Federal Reserve and the Bank of Japan, which continued their accommodative stances [7] - The Norwegian central bank kept high interest rates to address rising inflation [7] - The Hong Kong Monetary Authority took actions to stabilize the Hong Kong dollar, emphasizing the importance of regional financial stability [6][7]

Group 1 - The article provides a summary of key forex trading terms, aimed at enhancing understanding of trading strategies and tools [1][11]. - Terms such as "Manual," "Multiplier," and "Pip steps" are explained, highlighting their roles in trading strategies like Martingale and grid trading [2][6]. - The concept of "Recovery mode" is introduced, which allows automated trading systems (EAs) to adopt more aggressive strategies to recover losses [7]. Group 2 - "Maximum spread" is defined as a limit to prevent trading during high volatility periods, ensuring that trades are not executed with excessive spreads [12]. - "Trade comments" are described as annotations attached to trades, which help identify the EA that executed the order and can include personal contact information from traders [13].