-
AUD/USD, iron ore, copper, silver wilt as China’s stimulus bazooka turns out to be a peashooter
Industrial commodities such as iron ore, copper and silver, along with the Australian dollar, were among the markets hardest hit by China’s latest stimulus announcement, falling heavily as it became clear the objective of policymakers is to stablise growth, not see it accelerate meaningfully as seen in other state interventions of the past. The “bazooka” many headlines and bullish narratives were based upon ended up being yet another peashooter. Despite the volatility seen on Tuesday, it’s remarkable that in many instances the price action in these markets remained highly respectful of prior levels. With ... (full story)
- Comments
- Subscribe
-
- Older Stories
From interest.co.nz|Oct 8, 2024Policymakers at the Reserve Bank of New Zealand have slashed half a percentage point from the official cash rate and claimed victory in achieving its inflation mandate. The seven ...
From zerohedge.com|Oct 8, 2024Chinese stocks puked hard overnight as the return from Golden Week was greeted by less-then-wished-for stimulus chatter from China... chart US stocks shrugged off the China ...
From rbnz.govt.nz|Oct 8, 2024|4 commentsThe Monetary Policy Committee today agreed to cut the Official Cash Rate (OCR) to 4.75 percent. The Committee assesses that annual consumer price inflation is within its 1 to 3 ...
-
- Newer Stories
From nippon.com|Oct 8, 2024The Japanese and U.S. defense chiefs have agreed to work together with each other and regional partners even more closely to deal with increasing activities around Japan by China, ...
From ecb.europa.eu|Oct 8, 2024You hold two high positions in the European Central Bank: you are a member of the ECB’s Executive Board as well as the Vice-Chair of its Supervisory Board. You are responsible for ...
From bnnbloomberg.ca|Oct 9, 2024Chinese stocks listed onshore fell at the open, erasing some of Tuesday’s gains, amid skepticism about Beijing’s stimulus plans and signs of weakness in holiday-spending data. The ...
- Story Stats
- Posted: Oct 8, 2024 10:34pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 4,767
