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: 26.07.2026 Expectation: 1600 pips
Buying AUDCAD from support level
26 June 2026 46
Period: 03.07.2026 Expectation: 1310 pips
GBPUSD is still poised for further downside
26 June 2026 29
Brent sell
Period: 03.07.2026 Expectation: 500 pips
Higher supply and weaker demand is likely to push Brent into red zone by weekend
26 June 2026 20
Period: 26.07.2026 Expectation: 3100 pips
Invest in USDCAD up to 1.45000
26 June 2026 26
Period: 02.07.2026 Expectation: 19500 pips
Selling ETHUSD with $1,585 in view following short-lived recovery
25 June 2026 41
Period: 31.07.2026 Expectation: 220 pips
Buying AUDCAD up to 0.9837
25 June 2026 23
Go to forecasts