{"id":15396,"date":"2024-10-17T08:27:43","date_gmt":"2024-10-17T08:27:43","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=15396"},"modified":"2024-10-17T08:27:43","modified_gmt":"2024-10-17T08:27:43","slug":"dollar-lifts-asia-awaits-china-housing-policy","status":"publish","type":"post","link":"https:\/\/www.global-vtrader.com\/en\/analysis\/dollar-lifts-asia-awaits-china-housing-policy\/","title":{"rendered":"Dollar Lifts, Asia Awaits China Housing Policy"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>U.S. dollar rallies amid rising Trump victory prospects, affecting global currency markets.<\/li>\n\n\n\n<li>Asian stocks steady as China\u2019s potential property policy boosts sentiment.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">Asian stocks steadied on Thursday, with market participants keenly awaiting China&#8217;s housing policy briefing. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Expectations are growing that China might introduce measures to support its ailing property sector, which could provide some relief to the market. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Shanghai Composite rose by 0.5%, while Hong Kong\u2019s Hang Seng climbed 2% in early trade, reflecting cautious optimism among traders.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">China&#39;s Finance Minister has outlines plans to support the country&#39;s property sector and shore up the economy. <a href=\"https:\/\/t.co\/8ijJWHXOEu\">https:\/\/t.co\/8ijJWHXOEu<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1845138873346629855?ref_src=twsrc%5Etfw\">October 12, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Dollar Surges on Trump Victory Predictions as U.S. Futures Slip<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The dollar\u2019s rally continued, driven by predictions of a Donald Trump victory in the U.S. presidential race. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As Trump\u2019s economic policies focus on tariffs, taxes, and immigration, traders view these as potentially inflationary. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This outlook is fuelling strength in the dollar, which is standing near more than two-month highs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In contrast, U.S. futures softened slightly after main indexes closed at or near record levels. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Traders appear to be recalibrating their positions based on how Trump\u2019s policies might shape economic growth and monetary policy.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2024\/10\/image-32-1024x464.jpeg\" alt=\"\" class=\"wp-image-15397\" style=\"width:1450px;height:auto\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em>See: The SP500ft chart shows price stabilising near 5873.65 after recovery with moving averages and MACD signalling consolidation on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA%20%E2%80%8EVT%20Markets-Online%20Trading%20%E2%80%8ETrade%20anytime,%20anywhere%20now%20with%20VT%20Markets%20%E2%80%93%20a%20Global-recognized%20CFD%20broker!%20The%20VT%20Markets%20App%20gives%20you%20on-the-go%20access%20to%201000+%20tradable%20assets%20contracts-for-differences%20(CFDs)%20including%20Fore...\">VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Bitcoin Rises 15% on Trump Speculation; Gold Steady Near Record Highs<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, Bitcoin has been on a bullish run, rising 15% in a week to reach $67,615. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Traders are speculating that a Trump presidency may lead to a softer stance on cryptocurrency regulations, further supporting Bitcoin\u2019s upward momentum. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/www.vtmarkets.com\/analysis\/gold-steady-as-traders-eye-fed-rate-outlook\/\">Gold held firm near record levels<\/a>,<\/strong> hovering at $2,677 per ounce, reflecting some demand for safe-haven assets amidst market uncertainties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Oil markets remained steady with Brent crude futures at $74.57 a barrel after four consecutive days of losses. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This followed industry data showing an unexpected drop in U.S. crude stockpiles, which helped stabilise prices. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Elsewhere, the euro was pinned near its lowest since early August, trading at $1.0862, while the yen held firm at 149.40 per dollar, as currency traders adjusted positions amidst the shifting macroeconomic landscape.<br><br><strong>See also: <a href=\"https:\/\/www.vtmarkets.com\/analysis\/oil-prices-fall-with-chinas-slowing-economy\/\">Oil Prices Fall with China\u2019s Slowing Economy<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As the week progresses, focus will shift to U.S. retail sales data and China\u2019s third-quarter GDP numbers, both due for release. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These reports are expected to provide further clarity on global economic conditions and will likely be pivotal in determining near-term market direction. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Traders remain cautious but continue to adjust positions as more economic data unfolds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Start trading now \u2014 click <\/strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\"><strong>here<\/strong><\/a><strong> to create your live VT Markets account.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. dollar hits 2.5-month high on Trump bets; Asian stocks eye China\u2019s housing policy. Global bonds rally on UK inflation drop. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[28,12],"class_list":["post-15396","post","type-post","status-publish","format-standard","hentry","category-analysis","tag-dollar","tag-forex"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/15396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/comments?post=15396"}],"version-history":[{"count":0,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/15396\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media?parent=15396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/categories?post=15396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/tags?post=15396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}