This article from the English version of the Xinhua newspaper shows just how upset the Chinese are at Rio pulling out of it’s agreed deal. Trust, once lost, is very difficult to regain and there may be wider repercussions for the Australian mining sector.
Not happy, Rio!
Source: www.forexlive.com
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Who declares pandemic; no restrictions on movement of people, goods or services
The World Health Organization has declared a swine flu pandemic but does not recomend restrictions on movement of people goods or services. That should end market concerns over the issue once and for...
FOREX VIDEO REVIEW: London Session July 28th, 2009
Since the weekend I had spoken in length in the London FXBootcamp session about seriously developing 4hour MACD divergence on every Japanese Yen pairing I could pull up. About a third of the way into today’s London session we began to see hints of a change in direction, such as USD/JPY having...
ZuluTrade Adds French Language Support
Well, what do you know, looks like the folks at ZuluTrade added French language support as well. When I made my previous post I missed the little French flag at the top so I ended up posting only about Spanish & Russian language support - my bad. Anyways, just thought I’d let you know in...
China’s Evolving Reserve Requirements [BIS paper]
The Bank for International Settlements recently published a working paper on China’s reserve requirements. The paper focuses...
Shorts cover as AUDUSD pops thru 81c
The market has been once again surprised with the economic data released showing only 1700 jobs were shed in May. Market has been caught short, with many expecting a bad number. Yesterday commodity buying and a strong consumer confidence number helped AUD higher. Today the Employment figures will...