China’s state asset regulator ordered the country’s centrally administered state-owned enterprises (SOEs) not to sell shares of their listed companies amid “abnormal market volatility” in an effort to stem massive stock market sell-offs.
The EURUSD pair initially fell during the course of the session on Tuesday, but found support just above the 1.09 level in order to form a hammer.
The AUDUSD pair initially fell during the course of the session on Tuesday, testing the 0.74 level.
The People’s Bank of China, China’s central bank,(FXI, quote) has injected 50 billion yuan (US$8.2 billion) into the money market through open market operations, it announced on Tuesday.
The EURUSD pair went back and forth during the course of the session on Monday as the referendum announcement in Greece came out.
The GBP/USD pair broke higher during the session on Monday, as the 1.55 level offered quite a bit of support.
The AUDUSD pair initially tried to rally during the course of the day on Monday, but found enough resistance above the 0.75 level to turn things back around and form a shooting star.
The EURUSD pair initially tried to rally during the course of the day on Wednesday, but then turned back around to test support below.
The AUDUSD pair fell during the course of the session on Wednesday, as we crashed towards the 0.7650 level.
GBPUSD is currently testing the rising trend line connecting the recent lows of price action on the 4-hour time frame. The pair is also drawing support at the 50% Fibonacci retracement level and the 100 SMA.
