Shanghai Composite reached to Support

Shanghai-Composite

The Chinese government reported imports rose just 6.3 percent last month from a year earlier, less than half the 12.7 percent expected increase.  No doubt this reflects softening domestic demand in the world’s second largest economy and one reason why commodities have been selling off.

Don’t you think the government has to be cooking up something big?

Weekly Market Structure in S&P 500

S&P 500

Note the weekly bear flag on the S&P 500 index. You may call it by a number of different names (wedge, pullback, anti, flag, etc.), but the concept is the same: A period of contracting volatility with an upward bias following a sharp selloff. This pattern could be expected to resolve downward, providing a headwind for bearish trades over the next several weeks. Be aware that weekly patterns can take a long time to play out, and there is plenty of room for upswings on daily and intraday timeframes even if this weekly pattern resolves cleanly. Knowledge of higher-timeframe technical patterns often provides good context for trades on lower timeframes. This is an important part of understanding evolving market structure and potential technical risk factors.

AUDJPY

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What Happens To Debt After You Die?

Death is inescapable, there is no way to escape from it. Similarly you can’t run away from few kinds of Debts – and these debts are like “once a person is owing money, and die;  someone has to pay for it”. For example co-singers who sign onto student loans are held accountable for the money being loaned to be paid back as well.

This infographic from TotalBankruptcy tells you the same story with many angles – it can help you to have an idea about what happens to your debt when you die.

 

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GBPAUD , EURINR

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EURINR,EURUSD & GBPINR for subscribers only…

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