The subject of global currency revaluation has sparked a lot of controversy over the years; some commentators are counting down the days until it will no longer be a choice, and others are adamant that such a possibility does not exist. Currency standardisation did not appear until 1940, when two World Wars and an impending … Continue reading Currency re-evaluation: A looming reality or a wild card?
USDCNH’s bullish movement from the June 1 low of 6.7210 extended to as high as 6.8583 and broke above the key resistance at the March 15 low of 6.8450, suggesting that the long term uptrend from the January 2014 low of 6.0152 has resumed. On the upside The USDCNH pair stays above the bullish trend … Continue reading USD/CNH Broke Above Key Resistance
Global markets will be watched closely today to see if a speculative sentiment is able to find momentum. The U.S will issue its Core Durable Goods Orders numbers and tomorrow Chairwoman Janet Yellen will be speaking. Important U.S. Data on the Calendar The Core Durable Goods Orders statistics will be released today from the States. … Continue reading Big Data and Big Speculation will set the Tone for the Week