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What is the Renminbi?

 Rénmínbì, literally "people's money", in abbreviated form of RMB, is a new reserve currency - the Chinese yuan. Exactly one year ago, 30 November 2015, the Board of Directors of the International Monetary Fund (IMF) agreed to include the Chinese yuan in the calculation of the basket of special drawing rights (Special Drawing Rights - SDR). A 1 October 2016 this decision is implemented. The proportion of the yuan in the basket about 11%. At the same share of the dollar has not changed.


Views: 612 | Added by: mik | Date: 31.10.2016 | Comments (0)


Forex GBPUSD. Review and Forecast: 31.10-04.11

 GBPUSD The pair had traded for the second week in almost the same range.Week opened at the level of 1.2217. If a strong bearish trend the pair has moved into a correction and it did not manage to consolidate below the support level of 1.2080. After attempting to test the level of the pound rushed up to the 1.2265 resistance, but suffered a fiasco, rolled down again. The week closed just 35 points below the opening.


Views: 484 | Added by: mik | Date: 31.10.2016 | Comments (0)


Forex EURUSD. Review and Forecast: 31.10 -04.11.2016

 Last week, the EURUSD continued its correctional movement. On Monday, during the day the pair failed to consolidate below the support level of 1.0880 and returned to the original level of the opening day. On Tuesday, the EURUSD has shown the minimum price since March 2016, it has rebounded from the 1.0850 support and the end of the week was able to fully win back the fall of the previous week. The EURUSD Friday, testing the resistance level 1.0985, down under it.


Views: 544 | Added by: mik | Date: 31.10.2016 | Comments (0)


Swollen Chinese assets

 European banks with their instability - is nothing compared with Chinese banks - by AMarkets materials.



Views: 442 | Added by: mik | Date: 31.10.2016 | Comments (0)


American gas. Strange behavior

 As a rule, the price of gas falls at the end of August. The heat subsides, but not cold. All natural - based on AMarkets.




The end of the fall - the beginning of the heating season and increase electricity generation. And what's interesting - in this year's US gas behaved atypically: began to grow when it was necessary to fall.

Views: 513 | Added by: mik | Date: 31.10.2016 | Comments (0)

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