EURUSD: Almost oversold as we test this year’s lows. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.


‘’Don’t say we didn’t warn you’’ Says China’s People’s Daily

CNBC reports that today China’s biggest newspaper, the People’s Daily, in a commentary says: ‘we advise the US side not to underestimate the Chinese side’s ability to safeguard its development rights and interests. Don’t say we didn’t warn you!’.

Today the UK’s Citizens Advice Bureau published a year-long inquiry into the way regulators set the price British consumers pay for utilities. They suggest that over the last 15 years citizens have been overcharged by £24 billion, errors always coming out in favour of the providers rather than the end-users. Key in this issue is the cost of capital which, since the financial crisis, has been persistently lower than their formulae use. Ofwat says it has made adjustments, Ofgem does not agree with their findings.

Financial Markets and Political Commentary


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