How can you predict which way the market is going to move? Analytics have proven to be one of the most effective tools a trader can use. All of the analytical tools and services you see on this page are free for Alpari clients.
Alpari is on the Look Out for Undiscovered Stars of Financial Analysis
Britain's economy is shrinking, the broadest survey of business confidence since last month's historic vote to quit the European Union showed on Friday, leading finance minister Philip Hammond to pledge a loosening of purse strings if the weakness endures.
The euro/dollar on Thursday closed slightly up after the ECB’s Mario Draghi spoke. His speech turned out quite balanced. The euro/dollar first technically headed to 1.1060 and then returned to 1.0979. By trading close, quotes had stabilised by the balance line at 1.1020. Draghi said nothing new and didn’t make any announcement about additional expansion of the bank’s asset purchasing program.
The service trading volume in China for the first 5 months of 2016 totalled 2.08 trillion yuan; a YoY increase of 22.7%. This trading of services amounts to 18.5% of China’s domestic trading (previous: 15.3%). The rise in trading reaching almost 20% was in particular in the exports of computer (20.4%) and technical (23.9%) services, in addition to financial, advertising and informational services. Concurrently, there was an impressive rise in imports: 31.9%. The main factor for this growth was tourism: rising from 53.4% to 880.3 billion yuan for the first 5 months of this year. Taking June’s data into account, the service trading volume for the first half of 2016 is around 2.5 trillion yuan.