USD/JPY Breaks Through Key Resistance To 7-Month Highs
Mystery virus poses a threat to the Chinese economy and the Phase One trade [...]
Trading news
Global economy weakens amid China's slowdown
Global economic growth is under threat, especially the worldwide banking system, in the scenario where China's slowdown resumes further, Raghuram Rajan, India's central bank governor warned.
Rajan's statement came after his speech at the South Asian Association for Regional Cooperation (SAARC) meeting.
Global banking system under threat
The banking system might face severe financial damages, as well as exposed to weaknesses that arise from bad loans in the banking sector. China's growth depends also on other economies that face significant risks too.
Moreover, Raghuram Rajan stated that the Chinese economy could place strong downside pressures to other nations unless measures and actions are taken to resolve the current condition.
Read More
Thursday, 26 May, 2016 / 8:32
Trading news
Don’t fear the virus; BoC rate decision in sight
BoC to stay on hold, but any hints of concern might elicit sharp [...]
Pound Gains on Jobs Data, Awaits PMIs; BoC Decision in the Spotlight
Asian equities rebounded today after China’s National Health Commission [...]
