AX Trader is one of the ATS tools promoted by the LeapFx group. This FX robot promises 39% monthly profits with its automatic trading features. The vendor assures more than 100% profit in 3 months. Advertised as a beginner-friendly system, this MT4 tool uses features like TP and SL in automated form to ensure profitable trades. Detailed Forex Robot Review Presented as … [Read more...] about AX Trader Review
USDSEK: Krona Peaks in Weekly Outlook Ahead of Travel Reopening
Sweden’s exports surged 1.1% against 0.9% in the import market in May 2021 (MoM).Sweden’s gross domestic product (GDP) is projected to hit 4.7% in 2021. The EU has lifted travel restrictions against US citizens, with Sweden set to resume relations on June 30, 2021. The USDSEK pair lost 1.39% in the week ending on June 25, 2021, but gained 2.19% (MoM) after closing … [Read more...] about USDSEK: Krona Peaks in Weekly Outlook Ahead of Travel Reopening
Consumer Confidence Climbs to Pandemic-High in June
Source: The Conference Board Consumer confidence grew to its highest level since the COVID-19 pandemic hit in June, as business conditions are widely expected to continue improving in the coming months. The Consumer Confidence Index climbed to 127.3 in June, following the upward-revised 120.0 in May. This is the highest since March 2020.The Present Situation Index which … [Read more...] about Consumer Confidence Climbs to Pandemic-High in June
PBOC Dispels Fears of Policy Tightening in a Reassuring Tone of Economic Stability
Source: Bloomberg The People’s Bank of China is noticing more stability and improvement in the economy despite persistent domestic and global risks. CSI 300 is down -1.17%, USDCNY is up +0.17%. The statement by China's central bank shifts from its first quarter tone when it said the growth was unbalanced.The reassuring policy tone by PBOC dispels some fears of … [Read more...] about PBOC Dispels Fears of Policy Tightening in a Reassuring Tone of Economic Stability
World Bank Projects a Higher Growth of 8.5% in China This Year
Source: MarketWatch The World Bank expects China to post economic growth of 8.5%, up from previously forecasted 8.1%. CSI 300 is down -1.17%, USDCNY is up +0.09%. The World Bank expects China’s growth to moderate to 5.4% next year once activity normalizes.The World Bank’s report is a positive sign for China’s growth, whose consumer and factory activity has hit above … [Read more...] about World Bank Projects a Higher Growth of 8.5% in China This Year