malaysia forex trading time–HXFXglobal reminds you:
The People’s Bank Of China May Ease Again, China 300 Set To Skyrocket
The People’s Bank of China may cut the deposit reserve ratio by another 50 basis points, which is good for the China 300 market outlook.
Investors are suggested to bargain hunt with the current price, Target 4280 and Stop-Loss by 4100.
Due to the continued implementation of epidemic prevention restrictions in China, which has impacted the economy, most economists revised down their domestic GDP forecasts for this year, impacting investor confidence. However, Premier Li Keqiang of the State Council recently stated that he will strengthen the financial system’s support for the real economy. It is estimated that the People’s Bank of China will comprehensively cut the deposit reserve ratio by 50 basis points, which is expected to inject 1.2 trillion yuan of liquidity into the market. Therefore, the probability of China 300 rising with volatility in the short-term is high.
In the 60-minute level chart, (5,10,20MA) three moving average levels are tangled, MACD is weak but still exists, the RSI is stable at around 50. Looking at the above indicators, China 300 is showing signs of stabilizing, and rising in the short-term. Investors are advised to seize the opportunity to bargain hunting.
*Information above belongs to 3rd party media comments, can only be used for references and doesn’t represent our platform’s opinion. Investors should maintain sole-determination, self-evaluation required and be responsible for their own action.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.
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