Monday News: China Brings Surprises

Monday News: China Brings Surprises

This week’s attention should be given to China, which pops up in some news on several occasions.

A 7% drop in the Chinese tech index hit the region, leaving the Asia-Pacific stock index in the red for the second session. It is also due to the Covid lockdown in Shenzhen, the technology hub, which has increased the geopolitical and regulatory risks facing the sector. It happened partly because of strained relations between the US and China.

XBR fell, staying above $106 a barrel. The resistance is $111.70, the support is $106.10.


The ruble showed a slight strengthening against the US dollar. Now USDRUB is approximately $131.

XAU dropped 0.5% to $1975 an ounce after last week’s peak at $2069.


The key indicator of inflation expectations in the US rose to 3% and approached a record high level.

The Bank of England is expected to raise its rates to 0.75% on Thursday, which will be the third increase in a row.

Key events this week:

The US PPI m/m, March 15, 02:30 PM MT

The UK Official Bank Rate, March 17, 02:00 PM MT

The US Fed Funds Rate, March 16, 08:00 PM MT

What are your trading ideas this week? Share in the comments!



USD Holds the Line
USD Holds the Line

The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now. 

Apple is Under Pressure
Apple is Under Pressure

Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news!  Today’s events: USA, UK, Hong…

Latest news

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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