Central Bank Pumps US$8.3B Into Market
China’s central bank, the People’s Bank of China (PBOC), injected 55 billion yuan (US$8.3 billion) into the money market on Tuesday to ease a liquidity strain.
Strategies
EURUSD Forecast May 31, 2016, Technical Analysis
The EURUSD pair rose slightly during the course of the day on Monday, but you have to keep in mind that the Americans were away for the Memorial Day holiday.
AUDUSD Forecast May 31, 2016, Technical Analysis
The AUDUSD pair initially fell during the course of the day on Monday, but turned back around to form a hammer.
Wanda To Open Theme Park Before Disneyland’s Launch
Wanda Group will open its first outdoor entertainment complex in province of Jiangxi on Saturday. The launch of its Nanchang Wanda City looks perfectly timed by the company’s ambitious founder, billionaire Wang Jianlin, to take at least some of the thunder from its biggest potential rival.
EURUSD Descending Channel May 26, 2015
EURUSD has been trending lower on its 1-hour time frame, moving inside a descending channel connecting the latest highs and lows. Price appears to be on its way to test the resistance once more after the channel support held.
AUDUSD Forecast May 26, 2016, Technical Analysis
The Australian dollar initially tried to rally during the day on Wednesday, but turned around back around to form a bit of a shooting star.
EURUSD Forecast May 25, 2016, Technical Analysis
The EURUSD pair initially tried to rally during the course of the session on Tuesday, but fell significantly and broke down below the 1.12 level.
AUD/USD Forecast May 25, 2016, Technical Analysis
The AUDUSD pair fell initially during the course of the day on Tuesday, but found enough support to turn things back around and form a hammer.
Wanda’s chief bombards Shanghai Disneyland
The billionaire behind China’s Dalian Wanda Group asserted that its rival Walt Disney may face huge obstacles when operating in the country as the iconic US firm is due to unveil its largest theme park in the Chinese mainland next month.
EURUSD Forecast May 24, 2016, Technical Analysis
The EURUSD pair initially tried to go higher on Monday, but turned back around to form a slightly negative candle.