The Traderszone Network

Rumblings from China’s State Council have indicated more policy loosening was on the way on the mainland, Goldman Sachs said.

Forex news for Asia trading Wednesday 7 September 2016 – Australia officially registers 25 years without a recession
Q2 2016 Australian GDP data today was the focus, though we also got a speech and various Q&A from San Francisco Federal Reserve President John Williams.

Asian shares were broadly higher on Wednesday, with the notable exception of Japan, which retreated amid a soaring yen.
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Asian shares were broadly higher on Wednesday, with the notable exception of Japan, which retreated amid a soaring yen.
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Canada keeps inching higher but the progress has been slower lately. In 4 weeks, the $TSX was up 6 whole points from the last look at this chart on August 9th. The Bullish Percent Index is still in very solid breadth territory with 80% of the stocks on a buy signal. On the $TSX chart, you can see that this level has been important in the past as a support resistance level in 2014-2015 around the topping in oil and the Canadian rail stocks. The current $TSX price is  also the level at the oil price peak in 2008.

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Canada keeps inching higher but the progress has been slower lately. In 4 weeks, the $TSX was up 6 whole points from the last look at this chart on August 9th. The Bullish Percent Index is still in very solid breadth territory with 80% of the stocks on a buy signal. On the $TSX chart, you can see that this level has been important in the past as a support resistance level in 2014-2015 around the topping in oil and the Canadian rail stocks. The current $TSX price is  also the level at the oil price peak in 2008.

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San Francisco Fed President John Williams spoke earlier, more now from him 
– Says every policy
meeting is ‘live,’ will keep an open mind at FOMC meet in September
(ps. he isn’t a voter this year or next, but he will contribute to the discussion in the meeting)