2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
Xi: China will keep opening its economy
China is on the verge of deepening economic as well as financial reforms and further opening its markets to foreign investors in an attempt to move from high-speed to high-quality surge, President Xi Jinping stressed on Wednesday.
China is going to push ahead with ambitious market-oriented reforms of its foreign exchange rate and also its financial system. The Asian country intends to let the market play a crucial role in the allocation of resources, as Xi told at the opening of a twice-a-decade Communist Party Congress.
The Chinese government is about to clean up practices and rules, which hinder a unified market as well as fair competition, back development of private firms and also stimulate vitality of any market entities, as Xi told, while promising to further open the country’s services sector to foreign investors.
Xi's comments repeated a long-standing promise by party leaders to delegate a greater role to free-market forces for the purpose of improving efficiency and putting the country’s economy on a more sustainable surge path.
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.
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…
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.
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.
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.