Market Caution Returns On China Woes

Asian markets were painted red on Tuesday with Chinese stocks leading losses as disappointing PMI services data fuelled concerns over the nation’s sluggish economic recovery.

China Markets growth GDP inflation USD Oil Gold

China surprises with rate cut, US retail sales in focus

China’s central bank hijacked the headlines on Tuesday morning after unexpectedly reducing a key rate by the most since 2020 to shore up its weak economy. However, Asian markets displayed a mixed reaction with sentiment whacked by a barrage of disappointing China data published after the rate decision.

China Rates inflation Stocks Gold Oil USD GBPUSD

AUDUSD H4: Bulls might be ready to charge

  • AUDUSD breaking above 0.65712 may send bullish signal
     
  • Two potential targets identified
     
  • If 0.65201 support is broken, bullish scenario becomes invalid
AUDUSD Aussie CPI inflation

Traders spooked by weakness in Chinese data

  • China's July external trade data came in below market estimates
     
  • USD climbs on fears of slowdown in Chinese economy
     
  • USDJPY bulls may try revisiting last week's high at 143.892
China external trade Recession inflation CPI USDJPY Japanese Yen Gold Bullion Treasury yields

Commodities Trading

Submitted by Vladimir.Bukre… on Thu, 03/24/2022 - 16:25
Comprised of metals, oil, energies, livestock and more, commodities are some of the most frequently traded assets. Learn how to make commodities trading a part of your strategy.
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