Beijing has reported another spike of 40 new cases in the day and certain high-risk individuals are not permitted to leave the compounds, leading to new lockdowns. This, of course, will put other countries at risk considering the airport has not been locked down, so we can expect a possible risk of seeing lockdowns occur again.
But this may not matter given the uprising that is occurring against the police. It is important to note that times like these there are shifts in the agenda and that prices in the markets will reprice to levels that may not make sense short term but there are reasons for them so expect unprecedented swings in the near term as well as a stronger dollar to come pushing foreign currencies lower.
Our target is 1.1170
Our target is 1.2440
Our target is 1.3855
Our target is 1680.00