China’s Central Bank Injects US$8b Into Market
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.
Currencies
EURUSD Forecast July 7, 2015, Technical Analysis
The EURUSD pair went back and forth during the course of the session on Monday as the referendum announcement in Greece came out.
GBPUSD Forecast July 7, 2015, Technical Analysis
The GBP/USD pair broke higher during the session on Monday, as the 1.55 level offered quite a bit of support.
AUDUSD Forecast July 7, 2015 Technical Analysis
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.
EURUSD Forecast July 2, 2015, Technical Analysis
The EURUSD pair initially tried to rally during the course of the day on Wednesday, but then turned back around to test support below.
AUDUSD Forecast July 2, 2015, Technical Analysis
The AUDUSD pair fell during the course of the session on Wednesday, as we crashed towards the 0.7650 level.
GBPUSD Trend Line July 2, 2015
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.
Bond Market Update
Although the bond market has been illiquid and somewhat untradeable given the QE from central banks, it now is time to focus on this market.
EURUSD Forecast June 30, 2015, Technical Analysis
The EURUSD pair gapped lower at the open on Monday, crashing into the 1.10 handle. This area had enough support in it though to keep the market afloat and we bounced much higher.
AUDUSD Forecast June 30, 2015, Technical Analysis
The AUDUSD pair rose during the course of the day on Monday, continuing the bounce that we have seen off of the 0.76 handle.