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CHINA'S SERVICE SECTOR IS RECOVERING AT AN ACCELERATED PACE

USD/CNH, currency, China A50, index, CHINA\'S SERVICE SECTOR IS RECOVERING AT AN ACCELERATED PACE

The index, which measures business activity in the services sector of the Chinese economy, in March reached the highest level since December last year. According to Caixin/Markit data, it was 54.3 points. At the same time, in February, the indicator was at the level of 51.5 points. The results of the survey also showed that Chinese companies are increasing their hiring. In March, the number of people hired exceeded the number of dismissed employees of companies. The Chinese authorities managed to cope relatively quickly with such a problem as the spread of the coronavirus. In this regard, the country's economy is successfully recovering from the crisis. However, prices for services continue to rise due to the increasing cost of consumable components. A similar situation is observed in the country's manufacturing industry, which hinders the faster pace of recovery of the Chinese economy. Companies have been raising prices for their products and services for eight consecutive months. Nevertheless, the index, which measures the degree of optimism of Chinese businesses about the state of the economy for the next 12 months, rose to the highest in the last 10 years.

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Symbols USD/CNH, China A50

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Litecoin forecast for the week of July 19-25, 2021
Litecoin/USD, cryptocurrency, Litecoin forecast for the week of July 19-25, 2021 Litecoin LTC/USD is trading at 126.99. Cryptocurrency quotes are trading below the level of the moving average with a period of 55. This indicates the presence of a bearish trend for Litecoin. At the moment, cryptocurrency quotes are moving near the average border of the bands of the Bollinger Bands indicator.As part of the Litecoin exchange rate forecast, a test of the level of 148.20 is expected. From where we should expect an attempt to continue the fall of LTC/USD and further development of the downward trend. The target of such a movement is the area near the level of 41.20. The conservative area for Litecoin sales is located near the upper border of the bands of the Bollinger Bands indicator at the level of 149.20.Litecoin signal for the week of July 19-25, 2021The cancellation of the option of continuing the decline of the Litecoin exchange rate will be a breakdown of the upper border of the bands of the Bollinger Bands indicator. As well as a moving average with a period of 55 and the closing of the pair's quotes above the area of 210.20. This will indicate a change in the current trend in favor of a bullish one for LTC/USD. In the event of a breakdown of the lower border of the bands of the Bollinger Bands indicator, we should expect an acceleration of the fall of the cryptocurrency.Litecoin forecast for the week of July 19 - 25, 2021 assumes a test of the level of 148.20. Then it is expected to continue falling to the area below the level of 41.20. The conservative selling zone is located near the area of 149.20. The breakdown of the level of 210.20 will act as a cancellation of the fall of the cryptocurrency. In this case, we should expect continued growth.
Jul 18, 2021 Read
Ethereum forecast for the week of July 19-25, 2021
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Jul 18, 2021 Read
Bitcoin forecast for the week of July 19-25, 2021
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Jul 18, 2021 Read
Ripple XRP/USD forecast for June 29, 2021
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Jun 14, 2021 Read
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