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In response to the Trump administration’s 10% tariff on Chinese goods, Beijing vowed to challenge the decision at the World Trade Organization. Moreover, Chinese authorities have: → imposed retaliatory tariffs of 15% on US coal and liquefied gas, and 10% tariffs on oil and agricultural machinery; → launched an investigation into Google for potential anti-competitive […]

The post USD/CNH Chart Sees Spike in Volatility Due to Tariffs appeared first on Action Forex.

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21/10/2024

Weak German PPI Send the Euro Back Down

Market picture The German Producer Price Index fell more than expected, preventing the EURUSD from extending the rebound seen at the end of last week. Producer prices in Europe’s largest economy fell 0.5% in September (-0.2% expected), accelerating the annual decline to 1.4% (-0.8% expected) from 0.8% in the previous month. The negative annual growth […]
14/06/2024

Crypto Bears in Charge

Market picture Crypto market capitalisation fell 0.5% to $2.44 trillion as Thursday’s growth attempt failed to gain traction due to a new wave of dollar strength. Risk demand is gradually diminishing, forming a sequence of declining intraday highs. However, horizontal support remains in the 2.42 trillion area, where the market also stabilised from May 17th […]
20/09/2024

USD/JPY Recovery Eyes Momentum: Will Gains Pick Up?

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