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Yuan inches higher, ignoring disappointing PMIs.
COVID restrictions and commitment to Zero-COVID can stay in place for the foreseeable futureYuan crept higher on Wednesday and ignored the weak economic data from China, and uncertainty over the country’s COVID policy.Most analysts revising lower the...
Gold returned to the Bullish consideration!
Changing the sentiment from neutral to a slow uptrend is associated with doubtsGold price after a sharp increase in the first half of the month ($1,617 - 1,787) entered into a slow correction to touch $1,725 with a 3.4% loss. However, again and with...
USD ahead of November NFP!
Bulls seem stronger than bears! Ahead of Friday's employment report, Fed speakers increased the USD demand. However, the NFP report will be key data two weeks before the Fed meeting. The US employment numbers will make it clear what we have to e...
Euro touched its highest level in five months
ECB's Lagarde: We haven't reached an inflation peak!At the time of writing, Mrs. Lagarde's testimony in the European Parliament continues. So far she told that Eurozone inflation has not peaked and the risk is that it will turn out even higher than c...
Shock at the beginning of the new week!
Chinese protests leading the marketsChinese protesters over the weekend took to the streets against the strict anti-COVID policy. In response, Oil prices fell sharply, and the US dollar rose as fears of a Chinese economic slowdown drummed up safe-hav...
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