Latest Chinese Economy News
USDCNH Bullish rally may continue higher above 7.0580 area. After bouncing higher from 6.9020, Bulls pushed the price higher impulsively.
Oil Bulls Struggling to push higher above $50.50 price area while residing at the edge of $50 with a daily close. The price found new support at $49.40.
Gold price continues to trade in an intermediate uptrend, supported by the 20, 50 and 200 period SMA, as it finds resistance at 1562.01.
The Australian dollar dropped sharply to a low of 0.6975 after Donald Trump announced the new tariff threat.
Global economy shows rising growth rates against previous estimates and expectations of a further slowdown based on disappointing data from the last quarter of 2018.
Traders remain desperate for impending September rate hikes, the current situation is akin to a scenario where Fed dropped rates lower instead. Considering
More bad economic data from China as Chinese PMI data released last night came in at 49.7, adding pressure to the Chinese market condition which has seen...
Imports declined by 12.3%, slightly worse than forecast of 11.7%. Thus putting the trade surplus at $3.08 billion as China's economic decline continues.