Results for china
7 articles with this tag name
  • What Does China's GDP Mean for Aussie and Kiwi?
    China’ s GDP printed slightly weaker than expected at 6.1% versus 6.3% forecast – its slowest pace of growth this decade, but despite the lower headline number underlying fundamentals suggest that the Chinese economy continues to expand at a healthy pace.
  • Geithner Comments Send Dollar For a Ride
    In a blink of an eye, the U.S. dollar has collapsed against the Euro, Japanese Yen and other major currencies. The trigger was comments from Tim Geithner who said that the U.S. is "quite open" to China's suggestion of moving towards a Special Drawing Right (SDR) linked currency system
  • U.S Dollar: Topic Of Verbal War With China
    Compared to yesterday’s sharp moves in the currency and equity markets, trading has been relatively quiet. U.S. stocks meandered in and out of negative territory while the U.S. dollar traded higher against nearly all of the major currencies. Profit taking has hit the financial markets dragging equities and currencies lower. This consolidation gives investors the time to think about whether Monday’s rally is the beginning of a new bull market or just a strong bear market rally. Since March 6th, the S&P 500 has increased 23 percent, which is marginally less than some of the rebounds that we saw during the Great Depression. The point is that equities could still extend its gains while remaining in an overall downtrend.
  • Australian Unemployment Hits a 4 Year High
    Australian unemployment hit a four year high reaching 5.2% versus estimates of 5% but surprisingly the country’s economy continued to generate jobs adding 1800 new workers versus forecasts of -20,000 loss. The labor participation rate also improved rising to 65.5% from 65.3%.
  • ISM Data Signals Smaller Drop in Payrolls
    Job losses in the month of February are predicted to be very bad, but the latest service sector ISM data suggests otherwise. Activity in the service sector continued to contract with the non-manufacturing ISM report falling from 42.9 to 41.6.
  • Gold Spikes To $900/oz As US China Tension Rises
    Gold spiked to within two dollars of $900/oz in holiday leaden Asian trading as saber rattling between US and Chinese officials regarding the manipulation of the yuan ratcheted the tension in global capital markets. Last week Treasury Secretary-designate Timothy Geithner stated that China was a currency manipulator sending shock waves through the financial markets as the Obama administration appears to have taken a much more confrontational stance with Chinese authorities than its predecessor.
  • Euro pressured to 1.3300 as focus turns to ECB easing
    The euro started off the new week the same way it ended the last one – by sliding against the dollar as focus in the currency shifted towards the ECB. The central banker in Frankfurt are facing escalating pressure to lower rates in light of the severe slowdown in economic activity in the Eurozone. In contrast , Friday’s US Non Farm payrolls, though horrid at -525K, were far better than the whisper number of -700K and as a result support for the greenback stiffened as the data refused to confirm the dollar bears worst expectations.

TRADE RECOMMENDATIONS

  • Trades to Watch
  • Trades in Progress
currency recommendation
USD/CHF
Medium term



 Sell Sell at 1.0677
Stop at 1.0706
Target at 1.0633
AUD/USD
Medium term



 Buy Buy at .9152
Stop at 0.9136
Target at 0.9175
GBP/JPY
Medium term



 Buy Buy at 136.1000
Stop at 135.58
Target at 136.89
currency recommendation
NZD/USD
Medium term
Opened 2/26/2010
 Sell Short from 0.7141
Stop at 0.7205
Target at 0.7055

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QUOTEBOARD

  • Key Quotes
  • Currencies
  • Markets
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • down
  • 1.3613
  • 1.3626
  • 1.3598
EUR/USD
5 min chart
  • GBP/USD
  • down
  • 1.5191
  • 1.5254
  • 1.5175
GBP/USD
5 min chart
  • USD/JPY
  • down
  • 90.45
  • 90.59
  • 90.35
USD/JPY
5 min chart
  • OIL
  • up
  • 81.85
  • 82.12
  • 81.69
CLJ0
5 min chart
  • GOLD
  • down
  • 1123.9
  • 1126.2
  • 1121.7
.GOLD
5 min chart
  • US Stocks
  • up
  • 10778
  • 10780
  • 10769
.US30
5 min chart
  • UK Stocks
  • up
  • 5652.0
  • 5652.0
  • 5643.5
.UK100
5 min chart
  • DEM Stocks
  • up
  • 6032.5
  • 6035.3
  • 6026.8
.DE30
5 min chart
  • JP Stocks
  • up
  • 10808
  • 10823
  • 10768
.JP225
5 min chart
  •  
  • current
  • high
  • low
 
  • EUR/USD
  • down
  • 1.3613
  • 1.3626
  • 1.3598
5 min chart
  • GBP/USD
  • down
  • 1.5191
  • 1.5254
  • 1.5175
  • USD/JPY
  • down
  • 90.45
  • 90.59
  • 90.35
  • USD/CHF
  • up
  • 1.0569
  • 1.0588
  • 1.0565
  • USD/CAD
  • down
  • 1.0162
  • 1.0176
  • 1.0134
  • AUD/USD
  • up
  • 0.9217
  • 0.9223
  • 0.9192
  • NZD/USD
  • up
  • 0.7146
  • 0.7156
  • 0.7137
  • USD/MXN
  • up
  • 12.5092
  • 12.5142
  • 12.5054
  • EUR/JPY
  • up
  • 123.15
  • 123.34
  • 122.95
  • GBP/JPY
  • down
  • 137.41
  • 138.08
  • 137.26
  •  
  • current
  • high
  • low
 
  • OIL
  • up
  • 81.85
  • 82.12
  • 81.69
5 min chart
  • GOLD
  • down
  • 1123.9
  • 1126.2
  • 1121.7
5 min chart
  • SILVER
  • down
  • 17.344
  • 17.371
  • 17.219
5 min chart
  • US500
  • up
  • 1166.1
  • 1166.4
  • 1164.6
5 min chart
  • UK Stocks
  • up
  • 5652.0
  • 5652.0
  • 5643.5
5 min chart
  • DEM Stocks
  • up
  • 6032.5
  • 6035.3
  • 6026.8
5 min chart
  • JP Stocks
  • up
  • 10808
  • 10823
  • 10768
5 min chart
  • AU Stocks
  • up
  • 4874.0
  • 4876.5
  • 4860.5
5 min chart
Data source: GFT

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