We are not going to use ‘strong stimulus’ – China’s Premier Li Keqiang

FXStreet (Mumbai) - China’s policy makers wouldn’t seek strong stimulus or flood the economy with too much investment to boost demand, Beijing News cited Premier Li Keqiang on Sunday, while the official Xinhua News Agency republished the `on Monday.

Li noted, "We are not going to use ‘strong stimulus’ or ‘flood irrigation’ investment to expand domestic demand."

Jan 11, 2016

GBPUSD at multi-year lows & GBPEUR at key support levels - Investec

Research Team at Investec, suggests that the Pound is trading near multi-year lows against the US Dollar, and key support against the Euro through 2015 lows.

Stay short AUD vs USD and CAD, even if risk environment improves - BNPP

Research Team at BNP Paribas, suggests that AUD weakness since the start of the year is consistent with China worries and the equity market sell-off but we think prospects for an AUD recovery are limited even if sentiment stabilizes.