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Day: May 18, 2020
May 182020
Chinese Yuan Weakens on PBoC Expansion, Poor Data
The Chinese yuan is weakening against its primary currency competitors to start the trading week. Trading patterns appear to reveal that investors are uncertain regarding the yuanâs near-term performance due to weak economic data and expansionary monetary policy. With 100 million people under a renewed lockdown over a potential second wave of the coronavirus pandemic, is the economic restart in jeopardy? Over the last three months, the Peopleâs Bank of China […]
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May 182020
Some of the Best Finance Options to Consider for Your Business
When you are running a business, you will find that it can be very expensive and, this is because there are a lot of things that you will need to pay for. From your office space to equipment and bills, it can all get a bit overwhelming. As a result, you will need to make […]
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May 182020
Could AUD/USD Be in Bearish Hands from 0.6400?
The Australian dollar versus the US dollar seems not to be profiting from the appreciation opportunities. Is this a sign that the bears are preparing the next movement? Long-term perspective The rally that started from the 0.5701 low, after the confirmation of 0.5516 as support, pierced the descending trendline that starts from 0.7034, and extended all the way to 0.6616. Subsequently, the price entered a consolidative phase, limited by the important level of 0.6386 and the intermediary level […]
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