China surprises with rate cut, US retail sales in focus
China’s central bank hijacked the headlines on Tuesday morning after unexpectedly reducing a key rate by the most since 2020 to shore up its weak economy.
The USDJPY remains under pressure as bears switch up the pressure. Prices are approaching support around 130.00 and could experience a breakdown if the dollar continues to weaken.
Asian shares edged cautiously higher on Tuesday, tracking a rebound in Wall Street overnight despite disappointing economic data from China and the US fuelling recessionary fears.
Markets have steadied overnight after Wall Street found a bid during a choppy session. Gains picked up in equity markets through the day, with S&P500 and Nasdaq both posting decent returns.
China’s central bank hijacked the headlines on Tuesday morning after unexpectedly reducing a key rate by the most since 2020 to shore up its weak ec...
The USDJPY remains under pressure as bears switch up the pressure. Prices are approaching support around 130.00 and could experience a breakdown if th...
Asian shares edged cautiously higher on Tuesday, tracking a rebound in Wall Street overnight despite disappointing economic data from China and the US...
Markets have steadied overnight after Wall Street found a bid during a choppy session. Gains picked up in equity markets through the day, with S&P500 ...