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Facebook Stock in Bearish Continuation Pattern? – May 12, 2014

By Forexminute - Jonathan Millet | Stock Tips | May 12, 2014 10:22AM BST




Facebook stock prices have been moving sideways for nearly a month already, as traders try to figure out the direction for the online company. The price has broken below the 50 SMA (simple ...

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Chinese CPI dropped below 2% - Danske Bank

Analyst Anders Fischer at Danske Bank noted the sharp drop of Chinese consumer prices during April.

Key Quotes

“In China consumer price inflation in April dropped markedly to 1.8% y/y (consensus: 2.1% y/y) from 2.4% y/y in March and inflation in China is now at the lowest level since October 2012”.

“The drop in inflation in April was mainly driven by lower food prices. Food-price inflation is likely to ...

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