In the last years, the renminbi made a pause in his attempt to get stronger against USD dollar. In February 2014, renminbi found support at 6.0153 as wave ((III)) and from there it made a perfect zig – zag correction structure to equal legs at 7.1964 high in September 2019. After these 3 swings, USDCNH […]
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Fed is widely anticipated to announce a 25bps rate cut today, lower the federal funds rate to 4.50%-4.75%. While Fed Chair Jerome Powell is likely to sidestep any definitive remarks about the implications of Donald Read more…
BoE is widely anticipated to reduce its benchmark interest rate by 25bps to 4.75% today. While the decision is likely to be unanimous, with known hawk Catherine Mann the only probable dissenting voice. Nevertheless, BoE’s Read more…
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