Tag Archives: China

Land sales and personal budget cuts are being greatly impacted by the real estate crisis in China, which has reduced retail sales, investment, exports, and industry output. After three years, the government’s “zero covid” initiatives have not generated the promised roar but rather a whimper. Two-thirds of personal wealth and …

The USD/JPY pair soared above 146.00, posting daily gains of more than 0.60%. Following the PBoC rate drop, the Yen is slipping. The pair is trading at 146.16 at the time of writing.On Thursday’s session, investors anticipate the annual Jackson Hole Symposium. The USD/JPY is up around 146.20 at the …

Oil prices rose on Monday as global supply tightened due to reduced exports from Saudi Arabia and Russia outweighed concerns about global demand growth amid high interest rates. And by 0301 GMT, Brent crude oil prices rose 75 cents to 85.55 dollars a barrel. West Texas Intermediate crude rose 80 …

What happens in China doesn’t just stay in China. Flooding in northeastern China has caused numerous deaths and severe damage to infrastructure, homes, and crops. President Xi Jinping urges action to reduce damage. At least 90 rivers have risen beyond alert threshold, with 24 already flooded. Local governments must prioritize …

WTI surged more than 1% on Friday and found resistance near $81.30, above the 20-day SMA. US Oil and natural rigs decreased for the sixth week in a row.The USD trading neutral allowed the black gold to gain traction. Chinese financial woes may limit the WTI’s upwards momentum.At the end …

Oil is set to end the week lower after a seven-week winning streak, as worries about China’s economy outweigh indicators of tight supply. The seven-week price rally, driven by supply cuts by the Organization of the Petroleum Exporting Countries and its allies (OPEC +), was the longest streak of gains …

Oil prices slightly surged earlier on Thursday after falling for three straight sessions as a result of the sliding US Dollar Index in addition to the significant efforts by China’s central bank to support the country’s real estate sector and overall economy following fears about potential economic slowdown in one …

Equities are down and bond rates are up as investors remain cautious due to expectations of additional monetary tightening by central banks. The July Fed minutes show a unanimous vote in favour of raising rates, but growing reluctance among board members regarding possible over-tightening.Initial Jobless Claims came in at 239K, …

The US Dollar Index exhibits obvious strength. It surged for the fourth day in a row on Tuesday, reaching its highest point in a month. With the help of rising risk aversion and a comeback in Treasury yields, the DXY was able to recoup its losses. Over 1% was lost …

At the time of writing, the price of a barrel of WTI crude oil is $80.292. On the whole, it is down nearly -1.86%. In response to the economy’s sluggish recovery, China’s central bank lowers crucial lending rates, which affects the outlook for global oil consumption. Saudi Arabia and Russia’s …