1 December 2022 | Other

China softens its tone on COVID

China is weakening its position on the coronavirus and easing some restrictions. This comes despite a record high number of new cases of infection.

Certain cities in China continue to report an increase in the number of COVID-19 infected. Despite this, the isolation of some areas has been lifted, and the work of enterprises has been resumed again.

In response to comments published in the official media, Chinese Vice Premier Sun Chunlan said that China is facing new challenges in preventing and combating the pandemic. She also added that the Omicron strain of the virus is gradually weakening, while an increasing number of people are being vaccinated, accumulating immunity against COVID.

Company MarketCheese
Period: 30.06.2026 Expectation: 3000 pips
Buy SPX if Producer Price Index stays cool
11 June 2026 64
Period: 11.07.2026 Expectation: 300 pips
Buying ETHUSD up to $1,950
11 June 2026 57
Gold sell
Period: 18.06.2026 Expectation: 1200 pips
Sell gold with $3,980 target during brief rebound
11 June 2026 63
Period: 11.07.2026 Expectation: 1500 pips
Invest in USDJPY ahead of BoJ meeting
11 June 2026 50
Period: 31.07.2026 Expectation: 800 pips
Invest in USDJPY up to 161.50
11 June 2026 44
Period: 31.07.2026 Expectation: 1900 pips
Selling GBPUSD down to 1,3200
11 June 2026 28
Go to forecasts