GBPJPY Analysis - Price Slides Down as Bears Examine the 149.000 Level GBPJPY slides down as bears return to prove the 149.000 critical support level. There was resistance at different price levels going downward for the market. Notably, the major resistance to the fall in price was at 152.500. …
Money management
The PBOC (Peoples’ Bank of China) Reduces the Banks’ Reserve Requirement Ratio by 50 Basis Points
As largely anticipated, the People’s Bank of China (PBOC) drastically reduced the reserve requirement ratio (RRR) of banks by 50bps on Monday.This is the second time that the banks’ RRR has been reduced by the PBOC. Premier Li Keqiang spoke of this cut last Friday, in which he claimed that the …
Germany Receives Encouragement From Isabel Schnabel Concerning Surging Inflation
Isabel Schnabel, a member of the European Central Bank's Executive Board, encourages Germans that the inflation rate will abate again. She said this just as data showed that inflation is rising at the fastest rate since the early 1990s. ECB Aims to Quell Inflation Agitations Early In a live …