Tag: chinese

April 16, 2014 0

Gold Doomed or Resting? Gold vs. Major Currencies; Goldman Sachs and Morgan Stanley Reiterate Sell Signal

By News Desk

Bloomberg reports Goldman Stands by $1,050 Gold Target on Outlook for Recovery Bullion’s rally this year was spurred by poor U.S. data probably linked to the weather and rising tension in Ukraine, analysts led by Jeffrey Currie wrote in a report, describing the reasons as transient. With the tapering of the Federal Reserve’s bond-buying program, U.S.

March 3, 2014 0

China Manufacturing Deteriorates Modestly, Demand "Weaker than Expected"

By News Desk

Both output and new orders decline for the first time since July 2013 Payroll numbers are cut at fastest rate since March 2009 Solid reduction of output charges Chinese manufacturers signalled reductions of both output and new business in February, leading to a moderate deterioration of overall operating con ditions. As a result, firms cut their staffing levels again in February and at the quickest pace in nearly five years