Crude Oil Eases as Markets Ponder a Possible Chinese Reopening. Will WTI Rally?

The crude oil price has given up some of Friday’s gains, but the US Dollar appears to be the driving sentiment for markets after recalibrating on news around China’s potential reopening.

from DailyFX – Market News https://bit.ly/3h6FUVY
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Euro Ran Higher on China Re-opening Rumours but Turns on Denial. Where to for EUR/USD?

The Euro has stalled in its recovery against the US Dollar as ambitions for China easing of restrictions evaporated over the weekend. With US CPI ahead, will it drive EUR/USD lower?

from DailyFX – Market News https://bit.ly/3t4S98n
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Australian Dollar Forecast: China Trade Balance in Focus After Iron Ore Prices Rebound

The Australian Dollar looks poised to rise against the US Dollar as rumors of a Chinese policy shift on Covid circulate. China’s trade balance for October is in focus for APAC traders.

from DailyFX – Market News https://bit.ly/3FPO9A1
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Markets Week Ahead: Dow Jones, US Dollar, NZD/USD, USD/JPY, GBP/USD, Gold, CPI, China Credit, UK GDP

US stocks surged on Friday after a mixed non-farm payrolls report, which muddied Fed rate hike bets. Rumors of a Covid policy reversal in China boosted APAC markets. The US CPI report is on tap this week.

from DailyFX – Market News https://bit.ly/3hhnRwi
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