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It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
BOC Rate Statement, 18:00 GMT+2
BOC Overnight Rate, 18:00 GMT+2
Chinese imports and export plummeted due to Covid-19 restrictions. The current trade activity is the lowest since 2020, with a 10.6% year-on-year decrease in imports and an 8.7% decrease in export. Also, because of protests across the country, Chinese President Xi said the Omicron variant is less dangerous, giving hopes for further relief in lockdowns.
As for the primary gauge of the Chinese economy, the HK50 index, it’s moving under the critical trendline and 200-daily MA. As strict measures loosen, we will likely see a breakout and a bullish wave over the following weeks. On the other hand, a further tightening of the Covid—19 policy would mean the HK50 plunge to 17 000.
Good luck in trading!
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
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