China’s April fiscal revenue rises 9.2 pct
China’s fiscal revenue climbed 9.2 percent year on year in April to reach 1.25 trillion yuan (202.92 billion U.S. dollars), the Ministry of Finance said on Monday.
ETF
EUR/USD Forecast May 9, 2014, Technical Analysis
The EUR/USD pair tried to rally during the session on Thursday, mainly predicated upon the fact that the statement from the ECB failed to mention any type of immediate actions to quell the rise of the Euro. The 1.40 level has been rather resistive, and on top of that the European Central Bank has suggested that the 1.40 level is in fact a bit too rich for their liking.
USDJPY Forecast May 9, 2014, Technical Analysis
The USDJPY pair fell during the bulk of the session on Thursday, testing the 101.50 support level.
Where next for the US dollar?
Following continued bullish momentum for many of the major currency pairs, these are now approaching key technical levels, which if breached could prove to be the tipping points for some sustained and longer term trends to develop.
AUDUSD Forecast May 8, 2014, Technical Analysis
The AUDUSD pair fell during the session on Wednesday, but ultimately found a little bit of support around the 0.93 level.
USDJPY Forecast May 8, 2014, Technical Analysis
The USDJPY pair initially fell during the session on Wednesday, but found support at the 101.50 level yet again. On top of that supportive area, we also had an uptrend line that was tested during the session, and as a result the buyer stepped in and push the market back up.
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China Gold Bar Consumption Drops
Gold (GLD, quote) demand in China dropped off in the first quarter of 2014. Economist are citing the weakness in gift giving of gold bars.
EURUSD Forecast May 7, 2014, Technical Analysis
The EURUSD pair rose during the session on Tuesday, after the Germans printed better than anticipated numbers with the Services PMI announcement.
AUDUSD Forecast May 7, 2014, Technical Analysis
The AUDUSD pair took off to the upside during the session on Tuesday, breaking the top of the hammers and more importantly, breaking above the sideways grind that we have been stuck in for 2 weeks.