Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
The dollar was up in Asia on Monday morning, but holidays in many key Asia Pacific markets meant it had a quiet start to 2022.
The U.S. Dollar Index, which measures the greenback against a basket of other currencies, was up 0.29 percent to 95.870.
The USD/JPY exchange rate rose 0.19 % to 115.30.
The AUD/USD rate fell 0.13 % to 0.7250, while the NZD/USD rate rose 0.09 % to 0.6830.
The USD/CNY pair was unchanged at 6.3561, while the GBP/USD pair fell 0.21 % to 1.3501.
The markets in Japan, China, Australia, and New Zealand were all closed for holidays, making it harder to see the dollar's true movements.
The global proliferation of the omicron COVID-19 variation has also had an effect on emotions. Although the number of cases in the western Chinese city of Xi'an has decreased, estimates from Johns Hopkins University reveal that the global number of illnesses has surpassed 290 million as of January 3.
Meanwhile, earlier in the day, China Evergrande Group's Hong Kong shares were banned from trade, with the property developer declining to specify a reason for the suspension.
Cifi Holdings, a Chinese property developer, offered to buy China Evergrande's outstanding 5.5 percent bond due in 2022. According to Cifi Holdings' Hong Kong stock exchange filing, the offer was $1,000.5 for each $1,000 in principal amount plus accrued and unpaid interest. The opportunity to purchase the remaining $505.1 million in notes expires on January 7.
Investors are also looking forward to China's Caixin manufacturing and service purchasing managers indexes, which are due later this week.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
_________________________________Make sure to Like and Follow if you like the idea_________________________________
The dollar was up in Asia on Monday morning, but holidays in many key Asia Pacific markets meant it had a quiet start to 2022.
The U.S. Dollar Index, which measures the greenback against a basket of other currencies, was up 0.29 percent to 95.870.
The USD/JPY exchange rate rose 0.19 % to 115.30.
The AUD/USD rate fell 0.13 % to 0.7250, while the NZD/USD rate rose 0.09 % to 0.6830.
The USD/CNY pair was unchanged at 6.3561, while the GBP/USD pair fell 0.21 % to 1.3501.
The markets in Japan, China, Australia, and New Zealand were all closed for holidays, making it harder to see the dollar's true movements.
The global proliferation of the omicron COVID-19 variation has also had an effect on emotions. Although the number of cases in the western Chinese city of Xi'an has decreased, estimates from Johns Hopkins University reveal that the global number of illnesses has surpassed 290 million as of January 3.
Meanwhile, earlier in the day, China Evergrande Group's Hong Kong shares were banned from trade, with the property developer declining to specify a reason for the suspension.
Cifi Holdings, a Chinese property developer, offered to buy China Evergrande's outstanding 5.5 percent bond due in 2022. According to Cifi Holdings' Hong Kong stock exchange filing, the offer was $1,000.5 for each $1,000 in principal amount plus accrued and unpaid interest. The opportunity to purchase the remaining $505.1 million in notes expires on January 7.
Investors are also looking forward to China's Caixin manufacturing and service purchasing managers indexes, which are due later this week.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.