Meet the New Chinese Leadership

China announced its new leadership lineup on Wednesday with President Xi Jinping still at the helm of the Chinese Communist Party. Although it’s a team in name, the Chinese president is now more powerful than he’s ever been — especially as there’s no clear successor to Xi in the new lineup.In the wake of the last week’s Communist Party congress, Xi now stands as China’s most powerful leader in years. And he’s expected to use that authority to steer the country into a position of global leadership on its own terms.”As the world’s largest political party, the [Communist Party of China] must behave in a way commensurate with this status,” Xi said through a translator on Wednesday after the new leadership was announced.

Source: Chinese Communist Party Meet Politburo Standing Committee members

The Aussie Dollar Plummets

There is a lot to digest

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Former Craig

Former Craig

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.