China’s rate cuts were not enough to lift investor sentiment in the region. PBoC lowered its one-year medium-term lending facility rate by 10bps to 2.85%. The seven-day reverse repurchase rate was also cut by 10bps to 2.1%. They’re the first rate cut since April 2020. Also, the PBoC injected more liquidity by offering 700 billion […]
The post China’s rate cut failed to lift HSI appeared first on Action Forex.
Summary United States: Data Came in Like a Butterball Anyone who has ever gobbled until they wobbled can tell you it can be challenging to digest too much at one time. In the financial world, Read more…
Bitcoin rebounds after hitting support near 90,600 This could mean that the bearish correction is over A break above 100,000 could signal uptrend continuation For the picture to turn bearish, a dip below 66,700 may Read more…
The Reserve Bank of New Zealand (RBNZ) cut its key interest rate by 50 basis points to 4.25%, bringing the total number of cuts in this cycle to 125. The move was in line with Read more…