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Forex market reviews

25 July 2016

Market sessions

Vadim Josub

Vadim Iossub

Chinese enterprise creation at 9,600 per day

2,619,000 new enterprises were registered in China in the first half of 2016. This number corresponds to an average of 14,000 new enterprises per day. This is a 28.6% rise on the figures from last year. However, if we take into account the businesses that fell into liquidation, the number has fallen 878,200, thereby a 9,600 real rise per day.
22 July 2016

Media reviews

Fiona Chen

Fiona Chen

Britain's economy wilting fast after Brexit vote, may prompt more spending (news: 22/07/16)

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.

Market sessions

Gabriel Ojimadu

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Double bottom formed after Draghi press conference

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.

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