Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
In May this year we called on our readers to go short in Chinese shares; to be specific SGX China A50 future, which is a future contract on largest 50 A share companies by full market capitalization of the securities listed in Shanghai and Shenzhen stock exchanges. A CFD (Contract for difference) instrument is also available on SGX A50 future; that is CHN50 offered by FXCM. Here is the link, https://www.econotimes.com/FxWirePro-Sell-SGX-FTSE-China-A50-Future-targeting-15-percent-decline-1298413
The index (CHN50) has been declining after topping around 14900 area in January this year and in May we urged readers go short on the index at the then current rate of 12550 area suggesting further decline citing trade tensions between the U.S. and China and higher interest rates.
Since that call, the index has declined further and currently trading at 11290 area. Here we would recommend partial profit booking as the market looks a bit oversold and the risk of a Chinese government intervention looks very much likely.
However, we are not abandoning our final target around 10500 area.
