The upcoming August inflation data may send mixed signals. The 12-month headline inflation rate is expected to rise to 3.6%, causing concerns for the Biden administration. However, core inflation, which excludes food and energy prices, is projected to decrease to 4.3%, aligning with the Federal Reserve's goals. Past price trends influence both figures, so looking at recent data for a more accurate picture is crucial.
Can the Chinese Economy Recover?
2023-09-15 • Updated
Amid concerns of a Chinese economic slowdown, reports of declining investment often overlook China's efficient investment strategy in emerging sectors for long-term growth. China has taken measures to stabilize foreign and private sector investments, like reducing the reserve requirement ratio to boost investor confidence. While China's fixed-asset and private-sector investments have shown some decline, there is robust investment activity in key areas. Foreign investments increasingly focus on high-tech sectors, aligning with China's emphasis on emerging industries. China's investment strategy prioritizes quality and reasonable growth over quantity expansion, with policies supporting this approach.
USDCNH - D1 Timeframe
The Daily timeframe of USDCNH, as seen in the chart, shows that the price has reacted initially from the support trendline of the wedge pattern and may very well be continuing its bullish rally from here. Considering the presence of the 50-day moving average as an additional support, the rally-base-rally demand zone, and the bullish array of the moving averages, I am quite optimistic about a bullish sentiment.
HK50 - D1 Timeframe
HK50 as seen in the chart image seems to be trading inside a descending channel, with the most recent move being a touch of the trendline support. The trendline also overlaps with a drop-base-rally demand zone, which serves as a further confluence for bullish sentiment.
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The odds of a final interest rate hike by the US Federal Reserve (Fed) this year have dropped after US job openings hit their lowest levels since early 2021. This has led to a correction in the US Dollar as traders reduced their bets on further rate hikes.
Here we go again, my friends. It’s time to look critically into the future of what trading opportunities September might have in store for us. As always, it is essential to note that the views expressed here are mine and should not be considered financial advice without proper examination.
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.
The European Central Bank (ECB) has raised interest rates by 25 basis points, marking its tenth consecutive rate hike since July 2022 and bringing the total increase to 450 basis points. The ECB is primarily concerned about high inflation levels, both current and projected, with concerns extending into the future.