On Thursday morning, the panic wave subsided after China released encouraging data on foreign trade in July. The Shanghai Composite Index shows + 0.95 %, and + 0.38 % from the Japanese Nikkei 225 as of 5.50 Universal time. On the other hand, gold went into correction after the explosive growth. Also, there is a decrease in demand for bonds.
The stalling of the global economy into a recession is postponed. Investors are catching their breath, but, apparently, the positivity will not last long, because global tensions tend to escalate.
USDCAD
The Canadian dollar is under strong pressure due to rapidly falling oil, but the loonie's exchange rate is relatively stable, as the main macroeconomic parameters still look convincing as before.
