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Chinese stock markets sink to lowest levels in five years Real estate crisis and other problems haunt investors Valuations are cheap, but more is needed for lasting recovery Chinese equities implode It’s been a tough few years for Chinese stock markets. Shares in mainland China have fallen to their lowest levels since 2019 as investors […]

The post Why Are Chinese Stocks Melting Down? appeared first on Action Forex.

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Brent Crude Prices Edge Higher Amid Middle East Tensions

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17/04/2024

Dollar Rally Shifts into a Lower Gear

Markets Developments in the Middle East gradually lost their grip on global markets with central bank talk again taking the lead. Fed Vice-Chair Jefferson delivered a perfect assist for Chair Powell to acknowledge the consequences of recent strong US activity data while inflation remains stubbornly high. Jefferson warned that the Fed will have to keep […]
16/04/2024

NZD Hits Five-Month Low Against Strong US Dollar

The New Zealand dollar has plummeted to a five-month low, with the NZD/USD pair touching the 0.5890 mark. This decline was triggered by the release of robust American retail sales data, which raised concerns that the Federal Reserve might delay interest rate cuts expected in 2024. The prevailing expectation in the stock market is that […]
07/08/2024

USD/CHF: Can The Dollar Rebound from Its Plunge?

Key Highlights USD/CHF declined heavily below the 0.8700 support and tested 0.8430. A major bearish trend line is forming with resistance at 0.8600 on the 4-hour chart. Bitcoin started a recovery wave from the $48,500 zone. Gold corrected gains and might revisit the $2,350 support. USD/CHF Technical Analysis The US Dollar started a major decline […]