BRICS Seeks New Paths to Develop
President Xi Jinping is preparing to attend the BRICS summit as the group is generating new initiatives amid slowing economic growth, observers said.
Emerging Markets
Bank of China – BOC Denies Violations of Capital Rules
Bank of China Ltd has denied media reports alleging it violated the nation’s capital controls by providing services that help clients convert unlimited amounts of yuan into other currencies and transfer those funds abroad.
Oil prices continue to remain bearish – $100 per barrel in sight!
Oil prices continued to move firmly lower once again in yesterday’s oil trading session with the WTI futures contract for August closing at $102.29 per barrel, and ending with a wide spread down candle as the commodity lost over a dollar per barrel on the day.
Currency futures round up after FOMC
With the FOMC meeting now consigned to history, and the currency markets now returning to ‘business as usual’ here is a round up for the Aussie, the British pound, the Canadian dollar and of course the euro
Trade Alert – Taking Profits – AA
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Trade Alert – Taking Profits – AA
Option Alert Service Signal New Trade Suggestion Let’s take our more than double profit and exit this morning.
China’s inflation grows 2.3% in June
The consumer price index (CPI), a main gauge of inflation, softened to a 2.3-percent year-on-year growth in June, triggering concerns of broader monetary policy easing as a whole-year outlook points to a soft inflation rate.
Trade Alert – New Position – AA
Option Alert Service Signal New Trade Suggestion
Trade Alert – New Position – AA
Option Alert Service Signal New Trade Suggestion
Samsung Goes Toe to Toe With Apple
In Shanghai China (FXI, quote), Samsung (SSNLF, quote) released its Galaxy Tab S to the Chinese tablet market.