The Traderszone Network

It’s Friday but we’ve got work to do yet before going out to play for the week-end
Plenty of movement and opportunity this week so what have you got on board at the moment? Or are you waiting on preferred levels?

Beijing is seeking to steer the economy toward a consumption-driven model and reduce its reliance on government investment and export-led growth, but its attempts to arrest a stock market slump this summer met with little success and have raised doubts about its commitment to financial and economic reforms. “Consumption is not done by government. Consumption is done by entrepreneurship and (a) market economy.

Early in August, a call came into Sysco Corp (SYY.N) from Trian Fund Management LP, warning the food distributor that the activist hedge fund was about to disclose a large stake in the company. Six days later, Sysco awarded two board seats to Trian.

Volkswagen is scheduled to announce its next CEO Friday to replace Martin Winterkorn who stepped down in the wake of a growing emissions scandal

Still, the dollar’s rising momentum didn’t last long because Yellen’s comments didn’t clear market skepticism that the U.S.

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The Obama administration officials, touting a new era of U.S.-China climate diplomacy, said the statement would demonstrate to the world the countries’ commitment to reaching agreed-upon targets.
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A positive start to the session from the greenback continues
USDJPY is testing good offers/res at 120.50 again while EURUSD falls further to test decent support/demand at 1.1150 as European equity markets fare better