The Shanghai free trade zone will open the service sector wider to foreign investors by launching reforms catered to the needs of enterprises, and also make policies more transparent, said Jian Danian, deputy director of the zone’s administration.
USDJPY has been making higher lows and lower highs, creating a symmetrical triangle on its 1-hour time frame. Price just bounced off the triangle resistance and is currently testing support, still awaiting a bounce or a breakdown.
The Wall Street Journal Chief Economics Correspondent Jon HIlsenrath and Bank of America Merrill Lynch’s Michael Hanson on the Federal Reserve.
The GBPUSD pair shot higher during the course of the session on Wednesday, crashing into the 1.55 handle.
The EURUSD pair initially fell during the day on Wednesday, but found enough support near the 1.12 level to turn things back around and form a nice-looking hammer.
The AUDUSD pair broke higher during the course of the day on Wednesday, clearing the top of the hammer that had formed on Tuesday.
Stocks surged on Wednesday, with the benchmark Shanghai index jumping 4.9 percent after sliding below the 3,000 level.
Cable’s (FXB, quote) recent revival which was signalled with a two bar reversal off the strong support platform at 1.5163 came to a juddering halt today on the release of the CPI data. Until this release cable had been testing the 1.5474 area as well as the 100 ma which capped the recent rally.
With China facing an economic slowdown and many questioning whether or not the nation’s government data presents a reliable picture of just how bad the situation is, metal prices have fallen to multi-year lows.
Trading in China Railway Group Ltd shares was suspended on Monday, as the company revealed it plans to integrate its assets with those of main subsidiary, China Railway Erju Co Ltd.
