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Markets European trading mostly revolved around China’s Politburo promise of more forceful cuts, necessary fiscal spending and vow to stabilize the ailing real estate market in late Asian trading dealings this morning. It fired up stock markets, in particular Chinese. The CSI300 jumped another 4%+ and is headed for its biggest weekly gain in a […]

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20/06/2024

Decision Day Will Bring Three Important Policy Announcements on Top of China’s

Appetite in Europe was weak yesterday in the absence of American markets. The French CAC40 remained firmly offered near its 200-DMA and fell 0.77%, the European Stoxx 600 index retreated 0.17%, and the Swiss SMI consolidated above the 12’000 mark while the FTSE 100 took out the 50-DMA and closed slightly higher at yesterday’s trading […]
05/05/2024

Sanctions Reach Won’t Disrupt The Dollar’s Reserve Currency Status

Summary In recent times, the U.S. dollar’s status as the global reserve currency has been questioned, more so now that the reach of U.S. sanctions capabilities has been expanded to seize foreign government dollar assets. But despite the risk of having assets confiscated, in addition to recent efforts to diversify from the greenback, we continue […]
03/01/2024

GBP/USD Dips Again, 200 SMA Is The Key To Fresh Increase

Key Highlights GBP/USD started a downside correction from the 1.2825 resistance. It traded below a key bullish trend line with support at 1.2715 on the 4-hour chart. EUR/USD also corrected lower below the 1.1020 support zone. The US ISM Manufacturing Index could increase slightly from 46.7 to 47.1 in Dec 2023. GBP/USD Technical Analysis The […]