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China’s manufacturing sector has faced yet another setback as activity contracted for the third consecutive month in December. The official purchasing managers’ index (PMI), which measures the health of the sector, fell to 49.0, indicating a contraction and undershooting the median forecast of 49.5. This unexpected decline raises concerns about China’s economic recovery and strengthens
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In recent months, China has taken a different approach to stabilize the yuan compared to its actions in 2015. Back then, the People’s Bank of China (PBOC) resorted to official intervention and burned $1 trillion in reserves to support the currency. However, this time around, as China’s economy faced challenges and capital outflows intensified, the
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The EUR/GBP currency pair has experienced losses, currently positioned at 0.8660 with a decline of 0.30%. Daily chart indicators reveal signs of bearish momentum, with the Relative Strength Index (RSI) displaying a negative bias and the Moving Average Convergence Divergence (MACD) indicating waning positive momentum. However, despite this temporary bearish outlook, the broader term still
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After a historic selloff, investors are cautiously optimistic about the prospects for the U.S. fixed income market in 2024. The fourth-quarter rally saved bonds from a third consecutive annual loss, providing some relief after the worst-ever decline the previous year. Expectations of rate cuts by the Federal Reserve have fueled hopes of lower yields and
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As we step into the new year, the trading world gears up for an exciting lineup of economic reports and events that will set the tone for monetary policy expectations. With key data releases from the US, Eurozone, and Canada, as well as insights from the Federal Reserve (Fed) and the European Central Bank (ECB),
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