China’s consumer inflation came in weaker than expected in October while prices at factory gates fell for a 44th straight month, fuelling calls for more monetary easing and fiscal stimulus to combat deflationary pressures.
GBPAUD has been trending higher on its 4-hour chart, moving inside a rising channel visible on that time frame. Price just bounced off the channel support at 2.1150 and may be aiming for the top at 2.1800-2.1900.
Many of the world’s greatest investors have been willing to buy at a time when the majority of the market was turning away from a particular sector.
The People’s Bank of China (PBOC), the central bank, decided on Friday to cut the reserve requirement ratio (RRR) of banks, and benchmark interest rates.
Jack Ma, executive chairman of Chinese e-commerce giant Alibaba (BABA, quote), has been appointed as a non-remunerated member of British Prime Minister David Cameron’s Business Advisory Group, according to Agence France-Presse.
China’s economy posted a 6.9-percent growth year on year in the third quarter of 2015, lower than 7 percent in the first half of the year, the National Bureau of Statistics (NBS) announced on Monday.
Facebook Inc (FB, quote) is caught up in several regulatory battles across Europe over the social media site’s privacy practices.
The first in a series of jobs fairs will be held by Shanghai Disney Resort next week, in anticipation of its scheduled opening early in 2016, aimed at attracting people with tourism and service industry experience.
Chinese (FXI, quote) electronics manufacturer, Hisense, is expanding in Southern African countries in line with its continued commitment to both South Africa and the continent as a whole, the company said on Saturday.
AUDUSD seems to have bottomed out from its recent long-term selloff, as the pair is starting to trade inside a rising channel on its 1-hour chart. Price recently broke above the double bottom neckline as well, setting its sights on the next potential resistance areas.
