EUR / USD bias remains bullish, but RSI signals overbought conditions. A pullback can be seen if the German second quarter GDP shows a larger-than-expected contraction. While the path of least resistance for the EUR / USD is on the higher side, the currency pair appears overbought and may suffer …
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BEIJING (Reuters) – China’s economy grew again in the second quarter after a deep depression earlier in the year, but an unexpected weakness in domestic consumption underscored the need for more political support to boost recovery after the impact of the coronavirus crisis. Asian equity markets and the Chinese yuan …
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VCG / Getty Global stocks plummeted on Thursday when China released mixed data showing some growth, but its retail sales failed to climb into positive territory. China’s Shanghai Benchmark Composite Index fell 4.5%, while Hong Kong’s Hang Seng Index fell 2.1%. European markets fell before a European Central Bank meeting …
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BEIJING (Reuters) – China’s economy grew again in the second quarter after a deep depression earlier in the year, but an unexpected weakness in domestic consumption underscored the need for more political support to boost recovery after the impact of the coronavirus crisis. Asian equity markets and the Chinese yuan …
Read More »