Move aligns the banks favourably with Beijing's policy priorities and positions them to profit from what is expected to be a rapidly growing line of business in the future
Banks back switch to renminbi for trade
Source: www.ft.com
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S&P;Upgraded Ratings on the State of California
S&P revised California’s ratings outlook from Stable to Positive today, just in time before the state auctions its $2B...
Weekly Forex Market Forecast (March 12th – March 16th 2012)
By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of March 12th – March 16th, with release times displayed for the GMT time zone. The list also includes...
Regarding wedges and triangles
I’ve attached a 4 hourly EUR/JPY chart with a perfect wedge/triangle formation. A friend of mine insists that this formation loses its effectiveness once prices get past the 3/4 length of the wedge and near the apex. My feeling has always been that the pattern builds up strength as it nears...
It slices, it dices
Mr. Market is slicing and dicing again today, as bid now as it was offered just under 24-hours ago when it fell to 1.3914. Reports of central bank interest at both 1.3950 on dips and 1.4150 on rallies remains operative, as far as I can tell. Buying strength is strongly discouraged in this...
Nikkei flat, Kospi slightly lower on the open
The Nikkei is sitting just below 10,000 and the Kospi has opened down...