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Lack of concrete fiscal stimulus measures ex-post China NPC Standing Committee meeting. Deflationary and liquidity trap risks are now back in the forefront that may trigger a medium-term negative feedback loop into the Hong Kong & China stocks. Watch the 19,700 key support on the Hang Seng Index. Since hitting a 52-week high of 23,242 […]

The post Hang Seng Index: Medium-Term Bullish Trend in Jeopardy After China Stimulus Disappoints appeared first on Action Forex.

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22/07/2024

PMIs Could Momentarily Take Focus Away from US Developments

Wednesday’s PMI surveys key for both the Fed and the BoE Eurozone PMI manufacturing survey could disappoint again US PMIs unlikely to unsettle September Fed expectations UK figures could surprise on the upside after the general election Important PMI survey prints this week as both the Fed and the BoE meet soon Despite last week’s […]
21/02/2024

Canadian January CPI Growth Edged into BoC’s Target Range

CPI growth decelerated to 2.9% year-over-year from 3.4% in December – back under the top end of the Bank of Canada’s (BoC) 1% to 3% target range for the first time since June 2023. Energy and food price growth continued to slow, but the Bank of Canada’s preferred ‘core’ measures of broader inflation pressures also […]
18/07/2024

EURUSD Reaches the Midpoint of a Long-Term Downtrend

EURUSD rally slows down near 4-month high Gets bearish vibes, but positive trend is still alive above 1.0900 ECB to hold interest rates steady at 12:15 GMT; Will it signal a second rate cut? EURUSD took a breather after heightened expectations of a Fed rate cut lifted the pair as high as 1.0947 on Wednesday. The price […]