AUDUSD Forecast July 10, 2017, Technical Analysis
The Australian dollar initially slid a bit at the open on Friday, but then bounced significantly towards the 0.76 handle.
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AUDUSD Forecast May 10, 2017, Technical Analysis
The AUDUSD pair fell during the day on Tuesday, as the 0.74 level continues to offer resistance.
Euro, Stocks Down On Profit-Taking Post French Elections
A classic reaction in the markets to the outcome of the French elections. It was widely expected that pro-euro centrist Emmanuel Macron was going to become the new President of France and that he would beat the euro-sceptic Marine Le Pen by a wide margin. And so it proved.
China Raises Its US Treasuries Holding In February
China increased its holding of U.S. Treasury securities in February after cutting 7.3 billion U.S. dollars in the previous month, the latest data from the U.S. Treasury Department showed on Monday.
Apple CEO Cook In Town To Entice Mobile APP Developers
Apple Inc is making a big push to attract mobile application developers in China, as it attempts to create new momentum in the key market. CEO Tim Cook on Tuesday visited the headquarters of bike-sharing service provider ofo Inc in Beijing, accompanied by ofo’s CEO Dai Wei.
IMF Prepares For Inclusion Of RMB In Its SDR Basket
The International Monetary Fund (IMF) on Monday announced its board decision to amend the rounding methodology for determining currency accounts in the Special Drawing Right (SDR) basket, in order to make technical preparations for the inclusion of the Chinese currency, Renminbi, in the SDR basket.
AUDUSD Support Turned Resistance June 27 2016
AUDUSD tested the .7650 minor psychological resistance before selling off sharply last week and a look at the daily time frame shows that this resistance is a long-term area of interest.
McDonald’s Gets Bids For China Store Sales
McDonald’s Corp has received more than half a dozen bids for its planned sale of Chinese mainland and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower Group and China National Chemical Corporation in a deal worth about $3 billion, people familiar with the matter said.
Wanda’s chief bombards Shanghai Disneyland
The billionaire behind China’s Dalian Wanda Group asserted that its rival Walt Disney may face huge obstacles when operating in the country as the iconic US firm is due to unveil its largest theme park in the Chinese mainland next month.
People Above 45 More Interested In Shanghai Disneyland
A survey studying the attraction of Shanghai Disneyland, which is scheduled to open on June 16 , has shown that people above 45 years old are the most interested in visiting the amusement park.