Oil Rally May Stall on China Covid Woes, Fed Rate Hikes: Top Trade Opportunities

Oil Rally May Stall on China Covid Woes, Fed Rate Hikes: Top Trade Opportunities https://www.dailyfx.com/forex/fundamental/article/special_report/2022/04/13/Oil-Rally-May-Stall-on-China-Covid-Woes-Fed-Rate-Hikes-Top-Trade-Opportunities.html Oil prices surged in the first quarter on Russian sanctions and a rebound in global demand. China’s largest Covid outbreak since the pandemic started and a more aggressive Fed may halt the rally.

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DailyFX - Market News FX

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The Japanese Yen (JPY) attracts some dip-buying at the start of a new week and remains close to its highest level since November 14, touched against a weaker US Dollar (USD) on Friday.

USD/CAD holds onto Friday’s losses around 1.3800, investors await Fed-BoC policy 8 December 2025

The USD/CAD pair trades weakly near its 11-week low around 1.3800 during the Asian trading session on Monday.

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China's Trade Balance for November, in Chinese Yuan (CNY) terms, arrived at CNY792.57 billion, widening from the previous figure of CNY640.40 billion.

China Trade Balance USD came in at $111.68B, above expectations ($100.2B) in November 8 December 2025

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China Exports (YoY) above expectations (3.8%) in November: Actual (5.9%) 8 December 2025

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China Trade Balance CNY rose from previous 640.4B to 792.57B in November

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China Exports (YoY) CNY: 5.7% (November) vs -0.8%

China Exports (YoY) came in at 5.7%, above forecasts (3.8%) in November 8 December 2025

China Exports (YoY) came in at 5.7%, above forecasts (3.8%) in November

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West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on a three-week-old uptrend and oscillate in a narrow band during the Asian session on Monday.

EUR/USD posts modest gains near 1.1650 amid Fed rate cut bets 8 December 2025

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Japan Trade Balance - BOP Basis dipped from previous ¥4347.6B to ¥2833.5B in October 7 December 2025

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Japan Gross Domestic Product Deflator (YoY) came in at 3.4%, above forecasts (2.8%) in 3Q

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Japan Bank Lending (YoY) registered at 4.2% above expectations (4%) in November

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Oil Rally May Stall on China Covid Woes, Fed Rate Hikes: Top Trade Opportunities

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