Aggressive interest rate cuts by PBoC coupled with potential expansionary fiscal policies that target consumer spending have stoked positive animal spirits. Market breadth has improved on China CSI 300 and Hong Kong Hang Seng Index. Watch the key medium-term support of 18,290 on the Hang Seng Index. Since the start of last week, a change […]
The post Hang Seng Index: Start of a Potential New Medium-Term Bullish Trend appeared first on Action Forex.
Stocks open mixed. The S&P 500 opened lower by four points, the NASDAQ opened higher by 32 points, and the Dow Jones Industrials is up 0.45% in early trading. Middle Kingdom mania. China stocks are Read more…
During a hearing before the Committee on Economic and Monetary Affairs of the European Parliament today, ECB President Christine Lagarde indicated that inflation might “temporarily increase” in Q4, largely due to the previous sharp declines Read more…
Market Picture The cryptocurrency market starts the week on the defensive, losing 1.2% of its capitalisation in 24 hours to $2.27 trillion, although it is still up 3% from a week ago. This drawdown looks Read more…