Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
9 December 2022 | Other

Chinese yuan strengthened to a 3-month-high, but concerns rise over weak data

GBPUSD
EURGBP
GBPAUD
GBPCAD
GBPJPY

At the beginning of Friday, yuan reached a three-week-high. Investors hope for recovery and do not pay attention to weak data because Chinese authorities remove anti-COVID restrictions. 

On Thursday, Beijing reported about low factory-gate and consumer prices in November. It shows that sharp increase in the coronavirus incidence and negative sentiment of consumers are still negatively influencing the economy of the Celestial Empire.

According to analysts, the Friday data can give the central bank the grounds for additional measures to ease monetary policy. They believe that the easing of tough anti-pandemic restrictions slowing down the country's economy could contribute to the stability of the national currency.



Company MarketCheese

Recommended

Australia. CFTC AUD speculative net positions. The value of the indicator has decreased from -98.6K to -117.3K
Yesterday at 7:30 PM
United Kingdom. CFTC GBP speculative net positions. The value of the indicator has decreased from -97.6K to -107K
Yesterday at 7:30 PM
Canada. CFTC CAD speculative net positions. The value of the indicator has decreased from -90.2K to -94.8K
Yesterday at 7:30 PM
Japan. CFTC JPY speculative net positions. The value of the indicator has decreased from 62.3K to 50.2K
Yesterday at 7:30 PM
European Union. CFTC EUR speculative positions. The value of the indicator has decreased from -99.3K to -137.6K
Yesterday at 7:30 PM
Top news
European Union. Trade Balance. The value of the indicator has decreased from 10.7B to -16.1B
Yesterday at 9:00 AM
European Union. CPI (MoM). The value of the indicator remained at the same level of 0.6%
Yesterday at 9:00 AM
United States. Retail Sales (MoM). The value of the indicator has decreased from 1.3% to 0.8%
15 October
United States. CPI (YoY). The value of the indicator has increased from 3.4% to 3.7%
14 October
United States. Trade Balance. The value of the indicator has decreased from $-92.8B to $-105.6B
6 October
All news

Forecasts

GBPUSD buy
Period: 16.11.2026 Expectation: 5700 pips
Invest in GBPUSD up to 1.38700
Indicators and reports FA Other Chart analysis Hot news
Yesterday at 10:10 AM 31
Sinclair_John
AUDCAD sell
Period: 31.10.2026 Expectation: 1300 pips
Selling AUDCAD from 0.9890
FA Other Chart analysis
Yesterday at 08:51 AM 20
McCarthy_Raymond
Brent buy
Period: 16.11.2026 Expectation: 280 pips
Buy Brent crude with $106.15 in view
Indicators and reports FA Other Chart analysis Hot news
Yesterday at 08:51 AM 18
Reed_Marcus
AUDUSD sell
Period: 31.10.2026 Expectation: 500 pips
Go short on AUDUSD due to anemic labor market in Australia
FA Other TA Other
15 October 2026 57
McCarthy_Raymond
USDJPY sell
Period: 15.11.2026 Expectation: 6000 pips
USDJPY sell-off targets 152.00
Indicators and reports FA Other Chart analysis Hot news
15 October 2026 75
Reed_Marcus
ETHUSD sell
Period: 15.11.2026 Expectation: 265 pips
Sell ETHUSD upon breaking $2,350 support
Indicators and reports FA Other Chart analysis Hot news
15 October 2026 53
Sinclair_John
Go to forecasts