Being supported by the lower border of the price channel on 4-hour chart, GBPUSD rebounded from 1.5503, suggesting that a cycle bottom is being...
GBPUSD rebounded from 1.5503
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Forex Scams: How to Spot Them a Mile Away | Total Trader
In recent years, investors have witnessed increased number of investment opportunities and offerings. While the complexity and success of these investment. Total Trader -...
Australian Spending Data Surprises Investors
Two reports this morning surprised investors with seemingly out of place optimism in the private expenditures sector of the Australian economy....
UK recession may have ended three months ago
Never fear, mates. The UK recession may have ended as long ago as March, says NIESR. It has not exactly been a robust recovery but there appears to have been slight upticks in growth in both March and April, the think tank says. The pound is performing robustly this afternoon amid the green shoots,...
Chinese banker wants Yuan debt markets developed
Guo Shuqing is chairman of the China Construction Bank and former head of China’s foreign exchange administration. He is quoted in this Reuters report as calling for mutual cooperation between the US and China in developing China’s financial markets and in ensuring that the Yuan becomes...
US net worth slide slows; government debt explodes
As asset prices have fallen, household net worth has fallen dramatically. The slide slowed in the most recent data. It fell to $50.4 trln in Q1 from $51.7 bln in Q4 2008. Mortgage debt was flat but consumer credit fell 3.5% (at an annual rate). Government debt rose at a 23% annual rate in Q1. The...