
Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
The Chinese economic indicators have marked a positive start of today’s trading session. While the GDP growth came out in line with the forecast with a 6% increase, the level of industrial production greatly outperformed the anticipated figures, rising by 6.9% (vs. the forecast of 5.4%). Also, industrial production advanced by 5.4%. It may be a good sign about a final de-escalation of the US-China trade tensions.
The market showed an optimistic reaction to the news, resulting in the inflow of capital into the Chinese yuan.
USD/CNH has fallen to the lowest levels since the beginning of July. On the daily chart, the pair is targeting the support at 6.8478.
USD/JPY, on the other hand, is getting positive momentum. The pair has broken higher above the 110 level and now is testing the border of the uptrend.
The phase one trade deal between the US and China has brought the bullish momentum to the markets. However, experts suggest that the tensions are not over yet, mentioning US tariffs on Chinese goods that remain in place. Will we see future challenges for the Chinese yuan ahead?
Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
USD/CHF and EUR/CHF rose to tactical highs. What's next?
During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
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