Visit our new website: worldnews.easybranches.com

Chart of the day: CNY out of control

  • Wed, 13 Sep 2017 02:11
The move to yuan strength against the US dollar that has dominated this year accelerated violently in the middle of August with record bearish momentum, so that the greenback became more oversold than it has been in four years. Friday’s strong hammer against trend-line support taken from the low in January 2014 occurred at the 50 per cent retracement area of the controlled rally between then and December 2016. We feel that this combination of technical factors marks the end to this year... South China Morning Post - China Business feed

Tags


Save big on top tech magazines.

Related Stories

Surprise crop growth amid North Korea’s worst drought in nearly two decades
  • Fri, 22 Sep 2017 20:10

North Korea appears to have emerged almost unscathed from its worst drought in nearly two decades in a sign of massively improved agricultural capabil...

The world seems to think ‘bitcoin bad’ – but it’s not the only currency that needs to settle down
  • Fri, 22 Sep 2017 19:15

“Bitcoin or other digital currencies do not require holders to trade under their real name, which allows them to be used for money-laundering ac...

Freedom fighter or curse? The man behind the Rohingya insurgency in Myanmar that sparked a refugee crisis
  • Fri, 22 Sep 2017 18:09

To his foes, Ata Ullah is a reckless amateur who has brought untold misery to hundreds of thousands of Rohingya after launching an insurgency in Myanm...

Shopping, dining, narrow streets and graffiti: Hong Kong lures Japanese tourists with Central focus
  • Fri, 22 Sep 2017 17:09

The Hong Kong Tourism Board is placing the more gritty delights of Central at the heart of its campaign at this year’s Tourism Expo Japan, which...

India Twitter celebrates Kuldeep Yadav hat-trick
  • Fri, 22 Sep 2017 16:09

The spin bowler is only the third Indian to take a hat-trick in one-day international cricket. BBC News - Asia

India calls Pakistan ‘Terroristan’ in UN speech row
  • Fri, 22 Sep 2017 14:09

India uses a right of reply to make an angry statement after Pakistani PM's Kashmir comments. BBC News - Asia

North Korea Official Threatens Hydrogen Bomb Test Over Pacific
  • Fri, 22 Sep 2017 13:13

Foreign Minister Ri Yong said his nation might consider a historic test over the Pacific Ocean, just hours after North Korean leader Kim Jong Un insul...

What military options are open to the US in tackling North Korea?
  • Fri, 22 Sep 2017 12:08

The United States has not been shy about threatening military action against North Korea. As Pyongyang continues its march towards nuclearisation, US ...

China's Postal Savings Bank Taps Overseas Investors
  • Fri, 22 Sep 2017 11:16

State-owned Postal Savings Bank of China is raising up to $ 7.6 billion in one of the largest-ever sales of offshore securities by a Chinese lender. ...

German car parts supplier says China’s green campaign will slash US$45 billion from economy
  • Fri, 22 Sep 2017 10:12

A German car parts manufacturer has asked the Shanghai government to grant one of its suppliers that was forced to close under a sweeping environmenta...

Read Kim Jong-un’s unusual statement on Trump in full
  • Fri, 22 Sep 2017 09:10

The following is the full text of a rare direct statement issued by North Korean leader Kim Jong-un on Friday, in response to US President Donald Trum...

Google Jumps Back Into Hardware With $1.1 Billion HTC Deal
  • Fri, 22 Sep 2017 07:11

Google said it would buy part of struggling Taiwanese smartphone maker HTC for $ 1.1 billion in cash, as it accelerates its efforts to crack the hand...


News Categories