fbpx
High Leverage FX
  • Home
  • Market News
    • All
    • Economy
    • Forex
    • Markets
    • Opinion
    • Politics
    • Tech
    • World
    UK100 Technical Analysis – BoE watch

    UK100 Technical Analysis – BoE watch

    The Week Ahead

    The Week Ahead

    Silver Technical Analysis – Awaiting a breakout

    Silver Technical Analysis – Awaiting a breakout

    Morning Brief – Yen volatility spikes

    Morning Brief – Yen volatility spikes

    USD/MYR Technical Analysis

    USDMYR Technical Analysis

  • Economic Calendar
  • About Us
  • Trading Signals
  • Free Demo Account
  • en English
    ar Arabiczh-CN Chinese (Simplified)zh-TW Chinese (Traditional)en Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanishuk Ukrainian
High Leverage FX
  • Home
  • Market News
    • All
    • Economy
    • Forex
    • Markets
    • Opinion
    • Politics
    • Tech
    • World
    UK100 Technical Analysis – BoE watch

    UK100 Technical Analysis – BoE watch

    The Week Ahead

    The Week Ahead

    Silver Technical Analysis – Awaiting a breakout

    Silver Technical Analysis – Awaiting a breakout

    Morning Brief – Yen volatility spikes

    Morning Brief – Yen volatility spikes

    USD/MYR Technical Analysis

    USDMYR Technical Analysis

  • Economic Calendar
  • About Us
  • Trading Signals
  • Free Demo Account
  • en English
    ar Arabiczh-CN Chinese (Simplified)zh-TW Chinese (Traditional)en Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanishuk Ukrainian
High Leverage FX
No Result
View All Result
Home Market News Markets

Morning Brief – China rumours abound

Nathan Batchelor by Nathan Batchelor
November 29, 2022
in Markets
Reading Time: 2 min
0
Morning Brief – China rumours abound
417
SHARES
17k
VIEWS
Share on FacebookShare on Twitter

Markets were in a bullish mood on Tuesday, due to rumours that COVID-19 restrictions may be about to end in China, due to the spread of nationwide protests that are still spreading across China.

The speculation was stoked by reports Chinese health officials would hold a news conference later on Tuesday to discuss coronavirus control measures.

The China State Council press conference on COVID-19 is due today, and much speculation and rumours are driving risk-on assets due to the media buzz on the ending of COVID zero programme.

Asian shares also rallied on Beijing’s latest move to support developers boosted the property sector. The Australian dollar and the New Zealand dollar were major beneficiaries.

Shares of Chinese property companies certainly surged after the country’s securities regulator lifted a ban on equity refinancing for listed property firms.

This also helped Chinese blue chips on the stock markets in China as they jump almost 3%, in the largest one-day rally in a month and a marked reversal of Monday’s steep falls.

The MSCI, which is basically the broadest index of Asia-Pacific shares outside Japan, followed China, and posted major gains of 1.8%, while Hong Kong’s Hang Seng climbed by nearly 4%.

I think that fear is that the market, and especially Asian markets have gotten too excited over the possibility that we could see China continue to ease up restrictions today.

The optimism towards China today combined with talk of possible output cuts by OPEC+, which started yesterday, have also helped to boost oil prices today.

So far, U.S. crude futures bounced by over 1% to $78.50 a barrel, just a day after crude oil prices hit their lowest this year on Monday, while Brent climbed $1.50 to near $89.00.

Tags: AUDBrentChina Zero Covid policycrude oilHang Seng IndexNZD
Previous Post

Asian equities could trade under pressure amid fears of civil unrest and higher COVID cases in China

Next Post

Market Insight - Top Sentiment Trades This Week

Nathan Batchelor

Nathan Batchelor

Related Posts

UK100 Technical Analysis – BoE watch
Markets

UK100 Technical Analysis – BoE watch

January 30, 2023
The Week Ahead
Markets

The Week Ahead

January 30, 2023
Market Insight – The Trading Week Ahead
Markets

Market Insight – Top Sentiment Trades This Week

January 26, 2023
Morning Brief – Market moves subdued ahead of US data
Markets

Morning Brief – Market moves subdued ahead of US data

January 26, 2023
Market Insight – The Trading Week Ahead
Markets

Market Insight – Top Sentiment Trades This Week

January 25, 2023
Morning Brief – Antipodean currencies the main mover
Markets

Morning Brief – Antipodean currencies the main mover

January 25, 2023
Next Post
Market Insight – The Trading Week Ahead

Market Insight - Top Sentiment Trades This Week

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Market Overview

UK100 Technical Analysis – BoE watch

UK100 Technical Analysis – BoE watch

by Nathan Batchelor
January 30, 2023
0

The FTSE100 has started to move lower over the past week as traders book profits ahead of the...

Categories

  • Economy
  • Forex
  • Gadget
  • Markets
  • Opinion
  • Politics
  • RSS Feed
  • Startup
  • Tech
  • Trading Signals
  • Uncategorized
  • World

Site Navigation

  • Home
  • Market News
  • Economic Calendar
  • About Us
  • Trading Signals
  • Free Demo Account
High Leverage FX

We aim to bring you the most update and actionable information so that you can trade the financial markets with confidence and security

We are social

  • Home
  • Market News
  • Economic Calendar
  • About Us
  • Trading Signals
  • Free Demo Account

© 2019 High Leverage FX - All Rights Reserved.

No Result
View All Result
  • Home
  • Market News
    • Forex
    • Economy
    • Opinion
    • World
    • Markets
    • Politics
  • Economic Calendar
  • Trading Signals
  • About Us
  • Free Demo Account
en English
ar Arabiczh-CN Chinese (Simplified)zh-TW Chinese (Traditional)en Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanishuk Ukrainian

© 2019 High Leverage FX - All Rights Reserved.

Please share your location to continue