Dollar steady as China disappoints, traders eye Jackson Hole meeting By Reuters

[ad_1] © Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Samuel Indyk and Tom Westbrook LONDON (Reuters) – The dollar held firm on Monday following five straight weeks of gains, as investors looked ahead to the Federal Reserve’s Jackson Hole symposium for guidance on

The situation in China is starting to remind me of the US in 2008

[ad_1] I clearly remember this time of year 15 years ago. It was 5 months after the collapse of Bear Sterns and markets were full of complacency. The Fed was at 2.00% and offering no signals about cutting rates, despite an average of 66K job losses over the past six months. Markets were complacent. The

Dollar set for fifth straight week of gains as China stays top of mind By Reuters

[ad_1] © Reuters. FILE PHOTO: U.S. Dollar and Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration By Hannah Lang WASHINGTON (Reuters) – The dollar was flat on Friday but set for a fifth consecutive week of gains in its longest winning streak for 15 months, buoyed by demand

Stock Indices Hit by More China Property Woes​​​

[ad_1] Article by IG Senior Market Analyst Axel Rudolph FTSE 100, CAC 40, Nasdaq 100 Analysis and Charts ​​​FTSE 100 drops further as UK retail sales fall by more than expected ​The rout in the FTSE 100 is ongoing as UK retail sales dropped by 1.2% month-on-month in July, worse than an expected 0.5% drop

Will China Cut Rates with USD in the Driving Seat?

[ad_1] STOP! From December 19th, 2022, this website is no longer intended for residents of the United States. Content on this site is not a solicitation to trade or open an account with any US-based brokerage or trading firm By selecting the box below, you are confirming that you are not a resident of the

Barclays slashed their China GDP forecast to 4.5% (prior 4.9%)

[ad_1] Barclays revised its projection for Chinese economic growth for this year to 4.5%, from 4.9%. For 2024 analysts at the bank project 4% GDP growth For the current quarter, Q3 2023, Barclays expects GDP at 3.5% As for the People’s Bank of China, the analysts expect an RRR cut of 25bp in the weeks

Nasdaq 100, Dow and Nikkei 225 hit one-month low as China worries intensify

[ad_1] Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, Dow Jones, Nikkei 225 Analysis and Charts ​​​Nasdaq 100 at one-month low ​The pullback continues here, with no sign of a low being formed as yet. ​Having fallen below support at 14,920, the price now targets the June low at 14,688. So far this

Dollar edges higher vs intervention-zone yen, China fears weigh on yuan By Reuters

[ad_1] © Reuters. Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. REUTERS/Florence Lo/Illustration/file photo By Hannah Lang and Samuel Indyk WASHINGTON/LONDON (Reuters) – The Japanese yen further weakened against the dollar on Wednesday, hovering in a zone that last year triggered intervention, while the yuan slipped to a nine-month