The good news with China’s reopening is that it should boost global growth. The bad news with China’s reopening is that it will not only boost global growth, but also energy and commodity prices – hence inflation, the interest rate hikes from central banks and potentially the global Covid cases – which could then give […]
The post FTSE 100 to Close the Year in the Positive, While S&P500 Lost a Fifth of its Value appeared first on Action Forex.
The market spent the last week behaving as though a US-Iran deal was only a matter of time. That assumption just took a major hit. Instead of accepting Washington’s 14-point peace framework, Tehran pushed back Read more…
Key Highlights EUR/USD stayed above 1.1675 and might attempt another increase. A bullish trend line is forming with support at 1.1750 on the 4-hour chart. GBP/USD seems to be consolidating gains above 1.3520. Bitcoin remains Read more…
China’s inflation data surprised to the upside in April, with both consumer and producer prices accelerating more than expected. CPI rose from 1.0% yoy to 1.2% yoy, beating forecasts of 0.9% yoy, while PPI surged Read more…