USDCAD Breaking Lower Aaead Of BOC
North Korea tensions have again dominated the agenda at the start of this week and will continue to remain a major obstacle facing risk-sensitive assets in the near-term.
GDP
Taxes, Costs Cut To Help Businesses Grow
New tax cuts to spur economic dynamism were approved at the State Council’s executive meeting, presided over by Premier Li Keqiang, on Wednesday. Some pilot taxation incentives will be expanded, and the value added tax will be consolidated.
EURUSD Long-Term Channel Mar 31, 2017
EURUSD has been selling off recently but it could be approaching a turning point as it nears the bottom of the longer-term ascending channel visible on the 4-hour time frame.
Dollar Unlikely To Go Down Without A Fight
Financial markets opened in a bit of a panic mode overnight in the wake of Trump’s failure to repeal Obamacare. Stock index futures slumped while the dollar index fell to its lowest since mid-November as the yen and euro both gapped higher. The dollar’s losses steepened after the London open as the GBP/USD climbed to near 1.26 handle and EUR/USD neared 1.0900. European stock indices bounced off their lows slightly.
Dollar Eases On Profit-Taking Ahead Of An Important Week
Black Friday means financial markets will close earlier than usual today, but don’t despair as there is a lot to look forward to next week.
China 2017 Growth May Further Slow Down
China’s economic growth may continue to slow in 2017 to 6.5 percent before possibly bottoming out in 2018, a new report showed Monday.
China June Inflation Forecast At 1.9%
China’s (FXI, quote) Consumer Price Index (CPI) in June is likely to increase 1.9 percent year on year, slightly less than the 2 percent recorded in May, according to an industry report.
China’s Industrial Profit Growth Slows Further In May
The profits of China’s (ASHR, quote) major industrial firms rose 3.7 percent year on year in May, 0.5 percentage points lower than the rise recorded in April, official data showed on Monday.
AUDUSD Support Turned Resistance June 27 2016
AUDUSD tested the .7650 minor psychological resistance before selling off sharply last week and a look at the daily time frame shows that this resistance is a long-term area of interest.
AUSUSD Forecast June 2, 2016, Technical Analysis
The AUDUSD pair initially went much higher during the course of the day on Wednesday, reaching all the way to the 0.73 handle.