An Historic Day In China Equities Today
An historical day in China and Hong Kong as trading link program was initiated today between the two countries that allow investors to trade on both exchanges.
An historical day in China and Hong Kong as trading link program was initiated today between the two countries that allow investors to trade on both exchanges.
Over the weekend the China (FXI, quote) Banking Regulatory Commission released a report indicating that China’s non-performing loans for commercial banks in China increased by 1.16% for the month of September.
GBPUSD’s downward movement from 1.6182 extended to as low as 1.5592.
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As equity markets continue to climb ever higher and breaking out into new high ground, it is the VIX which is moving at the same speed in the opposite direction, as fear is replaced with complacency with the sun shining again as risk appetite returns to the markets.
The EURUSD pair fell hard during the session on Thursday, but turned back around and bounced hard enough to form a beautiful looking hammer.
It was another day of solid gains for equity markets yesterday, with the NQ E-mini leading the way higher, and closing with a wide spread up candle ending the session at 4094, just shy of the psychological 4100 price level which was missed by o.25 of a point!
EURUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.2500 had completed at 1.2867 already.
AUDUSD stays in the trading range between 0.8642 and 0.8898.
Brent crude oil (BNO, quote) remained below $89 on Tuesday as a global supply glut continued to weight on prices.