The U.S. dollar was hammered versus the Yen, trading near its seven week low after a large sell-off made safe havens more attractive. One beneficiary was the Swiss Franc, which reached a three week high against the dollar. Weak Chinese Reports Worry Markets Markets have been rattled by weak manufacturing reports from China that suggest its economy is slowing down. Manufacturing activity fell in ... [Continue Reading]
Chinese GDP data, Why Nifty future will trade lower this week
We are predicting that nifty future is going to trade lower this week, here is the main reason behind our analysis. On Friday, Chinese real GDP data is due to be released, previously this number was 9.2% but as last financial year was full of slowdown and global worries we are expecting this number to be around 8.4% or even 8%. This will be a huge gap for market expectation and hence we will be ... [Continue Reading]