This week, China (FXI, quote) released data showing that the nation’s economic growth was steady at 7 percent in the second quarter, surprising analysts who were expecting the figures to be weaker.
After surging past the key resistance around 1.2800 during the BOC rate statement, USDCAD is forming a bullish flag pattern that suggests potential continuation.
The GBPUSD pair initially fell during the course of the day on Wednesday, but found enough support below at the 1.56 level to turn things back around and form a nice-looking hammer.
The USDJPY pair rose during the course of the session on Wednesday, breaking above the 1.3 .50 handle.
The EURUSD pair initially tried to rally during the course of the day on Wednesday, but found the area above the 1.10 level to be a bit too expensive.
The AUDUSD pair fell during the course of the session on Wednesday, breaking to a fresh, new low.
We use the 52 week high list to find stocks that are trending strong.
China’s new yuan-denominated loans reached 6.56 trillion yuan (1.07 trillion U.S. dollars) in the first half of this year, the central bank said Tuesday.
The EURUSD pair initially rallied at the open on Monday as it was announced that a deal was reached in the Greek debt crisis. However, the Greek still have to vote in Parliament, and on top of that there seems to be a lot of mistrust of the situation.
The GBPUSD pair broke higher during the course of the session on Monday, but turned back around to form a shooting star.
