The Traderszone Network

Shanghai local government moves to take the steam out of its property market
– Will look at tightening rules for non-local home buyers
– Thinking about imposing 70% down payment rule for second homes
The government had meetings with the local central bank branch and bank regulators last Thursday note Bloomberg sources.

Pound finds itself under pressure as it heads towards 1.4410
That was the low area on Friday and we’re around 8 pips away from it at the moment. 1.4400 will hold some interest no doubt, while 1.4365/70 has oft held S&R too this year.

CNBC takes a look at what the business world’s biggest movers and shakers were doing the year Twitter was founded.

Here’s what’s kicking off the new week
Good morning everyone, I trust you’ve all had a good weekend and are refreshed and ready to rip into the new trading week. The data is fairly light and it’s central bank talking heads that make up the numbers today.

Strategists are back to debating the direction of China’s currency after the central bank guided the yuan lower on Monday.

Strategists are back to debating the direction of China’s currency after the central bank guided the yuan lower on Monday.

One of the more well known UK Conservatives resigned over the weekend and that might jolt the pound into action when London opens
The big news from the UK this weekend was the resignation of a big name in the Conservative party.