Tag Archives: China

Analysts at Danske Bank forecast the AUD/USD pair at 0.67 in a month, at 0.67 in three months and at 0.66 in six months. They point out the Australian dollar could receive some support from a tight supply of several commodities. Key Quotes:“The persistent global inflation has increased the risk …

Driven by a surge in Chinese electric-vehicles sales, the sharp rise in lithium as a key commodity for batteries could be a factor that slows adoption of these vehicles on the global level.Lithium carbonate prices in China, the benchmark in the fast-growing market, stand at about $71,000 per tonne, according …

The week has got a lot of volatility and most assets are in slow motion with an almost empty macroeconomic data. The UK was on holiday honoring the funeral of the late Queen Elizabeth II. Fifteen major central banks will announce their policy decisions later the week.Economic DataMonday’s U.S. economic …

The Biden administration is pondering an executive order to screen and restrict US overseas investment in technology development in China and other potentially hostile countries.The Chinese embassy in Washington said Beijing opposes the order, adding the measure would limit normal investment in China, disrupt international trade and distort global semiconductor …

The growth of Chinese exports slowed down in August to post 7.1% on an annual basis from a growth of 18% recorded in July, compared to expectations of a growth of 12.8%, at a time when the Corona pandemic is still casting a shadow on Chinese cities and factories located …

September brought some additional recession-related concerns to almost all financial markets, however; the American dollar surged, helped by positive US data and the negative market sentiment.The EUR/USD pair trades around 0.9950, while GBP/USD plunged to 1.1497, now trading around 1.1540. Commodity-linked currencies finished the day mixed, as AUD/USD is down …

Crude oil is facing fresh lows on the day as commodities are served a new blow by news on China’s covid levels and probable lockdown risks.Global growth concerns and the Iran deal talks are affecting oil’s price action. prices are continuing downside on Thursday as a combination of the lockdowns …

As August comes to an end, and markets get prepared for September, historically the worst month for some financial assets, the US dollar is under some pressure at month end and ahead of the critical US Non Farm Payrolls data, but globally speaking, the focus is still on the expectations …

On the ninth of August, US President Biden signed the CHIPS Act that analysts fear could be the starting point of wider weaponization of the global IT supply chains.The CHIPS and Science Act of 2022 includes a $52 billion package to boost semiconductor manufacturing in the US, however, the underlying …

WTI crude oil price is down for the second successive day. At the time of writing, the American crude is trading between $90.35 and $90.45 per barrel.Earlier on the day, crude price probed below $90 per barrel. Observers and economists cite pressures by accelerating concerns about the global economy’s slowdown, …