China’s Central Bank Injects US$8b Into Market
The People’s Bank of China, China’s central bank,(FXI, quote) has injected 50 billion yuan (US$8.2 billion) into the money market through open market operations, it announced on Tuesday.
China
EURAUD Reversal Confirmation June 24, 2015
EURAUD formed a double top pattern on its 4-hour chart recently, signaling that price is exhausted from its climb. The pair just broke below the neckline of the chart formation, confirming that a reversal is bound to take place.
Dr Copper Remains In Intensive Care!
Copper, like many other commodities holds a mirror to the Reuters Jeffries CRB index, which continues to wallow in a sea of bearish sentiment on the daily chart.
The Good – The Bad and The Bond Vigilantes
I am not sure who coined the phrase Bond Vigilante, maybe it was Ed Yardeni, but the thought evokes the sound of a hundreds of horses galloping, the thunder of their hooves as they approach. At first, it’s just a faint sound something to make your head lift up.
Abe the Yen Samurai
Fukushima. However, the Japanese public seemed to take responsibility and handled it with class and dignity.
China, Australia Sign Free Trade Agreement
China and Australia signed a long-awaited Free Trade Agreement (FTA) on June 17 in Canberra, Australia.
Alibaba announces new deals in TV, movie industries
E-commerce mammoth Alibaba Group Holding is building a stronger presence in the entertainment industry, announcing two more strategic partnerships to celebrate the first anniversary of Yulebao, its online investment platform for digital entertainment products.
Myths – Unicorns – Samurai – Elephants
Billion dollar Unicorns are more evident today than when Noah was filling the ARK. The speed at which companies are becoming uber valuable is flat out amazing. Surprising yes, unless one was smart enough to understand how the internet, and software was connecting people in ways that only few ascertained.
China ‘Still Set For Healthy Growth’
Premier Li Keqiang said China is confident of keeping its annual growth rate around 7 percent for a fair period of time by persisting with its reform and opening-up and tapping its huge potential.
China’s Inflation Edges Down To 1.2% In May
China’s consumer price index (CPI), a main gauge of inflation, grew 1.2 percent year on year in May, the National Bureau of Statistics (NBS) said on Tuesday.