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: 24.07.2026 Expectation: 650 pips
Brent crude still has upside potential after consolidation
17 July 2026 32
Period: 17.08.2026 Expectation: 650 pips
Selling AUDCAD down to 0.97500
17 July 2026 27
Period: 24.07.2026 Expectation: 950 pips
USDCAD is bottoming out after recent pullback from July highs
17 July 2026 30
Period: 01.08.2026 Expectation: 2400 pips
GBPUSD sell-off targets 1.31500
17 July 2026 28
Gold sell
Period: 31.07.2026 Expectation: 250 pips
Selling gold down to $4,000
17 July 2026 35
Period: 23.07.2026 Expectation: 1090 pips
USDJPY sell-off targets 161.030 amid lower market volatility and higher inflation expectations in Japan
16 July 2026 24
Go to forecasts