Tag Archives: China

The AUD/USD has remained positive in the week, up by 0.70%. China’s Premier Li Keqiang warned that the economy could not achieve its goals, weighing on the AUD/USD.During the Asian session, China’s Premier Li Keqiang sound the alarm about the slowing economy. He made comments to local officials in an …

The US dollar aimed to recover ground but pared its advance during US trading hours, ahead of the FOMC Meeting Minutes. The document showed that all members supported plans to reduce the balance sheet, while some added that, after the runoff was well underway, it would be appropriate to consider …

Beijing is continuing quarantine to end its month-old COVID outbreak, while in Shanghai’s authorities plan to keep most restrictions in place this month, before a more complete lifting of the two-month-old lockdown from June 1.The Chinese capital reported 47 new Covid cases om Tuesday, compared with 48 on Monday. Cases …

The EUR/JPY edges lower after reaching fresh weekly highs at around 136.79 and daily lows just below the 50-DMA at 135.64, blamed on the negative market sentiment that increased appetite for safe-haven peers. The EUR/JPY pair is trading at 136.16.Risk aversion continued for the second consecutive day in the week. …

At 1.2824, USD/CAD is higher on Tuesday so far as the commodity sector is shaken by concerns about weak earnings and slowing economic growth punctured the recent mini-rally. Shares have been performing negatively while traders, market participants and investors are still concerned over China’s economy.At the start of the week, …

Germany announced that the European Union is likely to agree to a ban on Russian oil imports “within days”. At the same time, Moscow said it would work to strengthen its economic ties with China after it fell under the guillotine of Western isolation over its invasion of Ukraine. Ukrainian …

The Gold Index advances for the fourth successive trading day and begins the trading week with an upbeat tone but retreats at the 20-day moving average (DMA) at $1856.45. The XAU/USD Index reflects the weak appetite for the US dollar, despite higher US Treasury yields, which are pairing last Friday’s …

In an interview on Dubai TV, Mohammed Hashad, Head of Research and Development Department at Noor Capital and a member of the US Society of Technical Analysts, commented on the latest developments of the financial markets, most notably: In the oil sector, the question is raised whether the market’s current …

Federal Reserve chairman Jerome Powell doubled down on his agency’s commitment to fighting inflation, but warned Americans of further rough pains ahead. The US central bank declared war against inflation. Monetary policy tightening is still the major trend in the light of statements by the Fed officials and policymakers. Accelerating …

The AUD/USD pair is gaining close to 1.50% on Thursday. The market sentiment is mixed, as Asian and European bourses closed negatively, while US equities are pairing Wednesday’s losses.The AUD/USD is paring Wednesday’s losses and is sharply rallying, more than 1.40% on Thursday, despite a risk-off market mood, which would …