The Traderszone Network

So says the China Statistics Bureau
– still see complexities in domestic and international environment
– Chinese economy seeing some positive changes since start of 2016
Yada Yada Yada.

Here’s the latest on the other key pairs
currently 0.9545 near session highs as EURUSD retreats
USDCHF
Offers: 0.9580 0.9600 0.9620 0.9660 0.9680 0.9700

Currently 0.8080 in a 0.8050-0.8100 range for the moment
Offers: 0.8100 0.8120 0.8130 0.8150 0.8180 0.8200
Bids:  0.8050-55 0.8025-30 0.8000 0.7970-75 0.7950

OECD secretary-general  Angel Gurria out on Reuters.
– believes Japan has room to gradually raise sales tax to 15% over time
– should raise tax to help pay for rising welfare spending
Much conjecture about next year’s planned sales tax hike to 10% from current 8%. OECD don’t carry a lot of weight but their comments won’t go unnoticed.

European equity markets opening up in negative territory 11 April
– FTSE -0.3%
– DAX -0.35%
– CAC40 -0.3%
– FTMIB -0.3%
– IBEX -0.4%
Meanwhile over in China the SCI closes up +1.6% at 3033.96. CS1300 Index +1.4% at 3230.10

Bank of Japan Governor Haruhiko Kuroda said the central bank will closely watch how unstable global market moves could affect the country’s economy.

Your daily thread for readers’ trading ideas and strategies
A new week beckons but we’re in familiar territory with yen strength and USD generally undermined.