China's consumer price inflation accelerated more than expected in March and producer price inflation eased further, official data showed on Monday. Consumer price inflation rose to 1.5 percent in March from 0.9 percent in February, the National Bureau of Statistics reported. The rate was also above the economists' forecast of 1.2 percent. more...
US Dollar Forecast: US Dollar at Risk as Fed Decision-Makers Reconvene The road ahead may prove challenging for the US Dollar after it enjoyed its best week yet in 2017 as all eyes turn to the Federal Reserve monetary policy announcement. Japanese Yen: Disappointing Data Add to Downside Pressure As predicted here a week ago, the Japanese Yen declined last week and there’s little sign yet that the trend is about to change. ...
China's President Xi Jinping speaks to Gabon's President Ali Bongo Ondimba (not seen) during a meeting in the Great Hall of the People in Beijing on Wednesday, Dec. 7, 2016. (Fred Dufour/Pool Photo via AP) This is going to be a pivotal year for China. We will see if it can [...] more...
The pair blasted through the 6.6 handle and the 6.6500 resistance following the vote, and have since traded between the 6.7 handle as resistance and the 6.5000 level on what appears to be “resistance turned support” basis. The fact that the pair has managed to find support at 6.6500 in the context of an uptrend might imply focus will be out on the 6.7 figure, while the next resistance level may be found around the January high at the 6.7584 level. A move below 6.6500 may put ...
After finding support at 6.5500 the pair moved higher to test the 6.6000, but has yet to manage a clear break and a hold above on a daily close basis. The pair has failed to hold above the level for two consecutive days since February. It seems that the pair might need to “make a decision” around the 6.5880 short term support level. If the pair manages to hold above the level, buyers could potentially attempt another move higher to break the 6.6000 handle. If price ...
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