Primarily reflecting a jump in the value of imports, the Commerce Department released a report on Wednesday showing that the U.S. trade deficit widened by more than expected in the month of May. The report said the trade deficit widened to $41.1 billion in May from $37.4 billion in April. more...
USD/CAD looks to be breaking out of a period of consolidation as the US Dollar’s strength may resume. In such a case, we’d expect to see an aggressive move higher toward the 38.2-61.8% Fibonacci Retracement of the January 20-May 3 Range, which could push USD/CAD up to ~1.3307-1.3832. Therefore, if USD/CAD will resume a Bull-Run, a break above 1.3028/3187 will be the first indication that we could be on our way to multi-100 pip rally. After ...
Chinese search engine Baidu.com has made a fintech investment in an American blockchain company. U.S. Bitcoin start-up Circle Internet Financial announced that they gained USD60 million funding from a consortium, which was led by IDG and participants included Breyer Capital, General Catalyst Partners, Baidu, CICC Alpha, China Everbright Investment and Assets Management, IBM's former chairman and CEO Sam Palmisano, and Silver Lake's co-founder ...
Chinese maternal and baby supplies e-commerce platform Beibei.com completed its fourth round financing of USD100 million. Its investors included well-known investment organizations such as New Horizon, Northern Light Venture Capital, Banyan Capital, and Capital Today. Of these, New Horizon, Banyan Capital, and Capital Today previously invested in Beibei.com. According to Beibei.com, the company's gross merchandise volume in 2015 ...
Weekly price is on ranging condition located inside Ichimoku cloud within key narrow support/resistance levels waiting for the direction of the trend to be started. If W1 price breaks 1.4823 resistance level on close bar so the bullish reversal will be started. If W1 price breaks 1.4180 support level on close bar so the bearish trend will be resumed. If not so the price will be on bearish ranging within the levels.
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