China reported positive figures over the weekend, sending risk currencies higher.
The Purchasing Managers’ Index, compiled by China’s logistics federation and the National Bureau of Statistics, rose to a one-year high of 53.1 in March from 51 in February.
As Australia’s largest trading partne...
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Always remember that an indicator has absolutely no concept of trend. An indicator can provide invaluable information when it comes to momentum but it does not possess any insight as to the trend…the direction that the pair has been moving over time....
Over the weekend, China announced a 50 basis-point cut in the Reserve Requirement Ratio.
This is essentially the proportion of cash that banks must set aside as reserves. The change will take effect on 24 February, and the figure will fall to 20.5% from 21%.
This is the second time in three mo...
Last week, the Monetary Authority of Singapore said that the global economy and financial system are at their most fragile state since the 2008 crisis, with the immediate outlook characterised by a high degree of uncertainty.
Not the most encouraging words for traders and investors to hear, but ...
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