EURUSD Analysis - Price Is Looking to Bounce Off the 1.12020 Significant Level EURUSD is looking to bounce back from a dip in price. The market breaks through the neckline of a double top formation and plunges beyond several significant levels to reach the 1.12020 support level. There was …
AUD/USD Market Elongates Bearish Motions
AUD/USD Prediction – December 6The AUD/USD financial book of records has it that the fiat currency market elongates bearish motions, currently trying to find support around 0.7000. The trade operations keep a minute positive percentage rate of about 0.39 as it possesses an estimated value of around …
The PBOC (Peoples’ Bank of China) Reduces the Banks’ Reserve Requirement Ratio by 50 Basis Points
As largely anticipated, the People’s Bank of China (PBOC) drastically reduced the reserve requirement ratio (RRR) of banks by 50bps on Monday.This is the second time that the banks’ RRR has been reduced by the PBOC. Premier Li Keqiang spoke of this cut last Friday, in which he claimed that the …
