The Ichimoku Kinko Hyo Japanese charting technique was developed before World War II with the aim of portraying – in a snapshot – where the price was heading and when was the right time to enter or exit the market. This was all performed without the aid of any other technical analysis technique (or study).
The word Ichimoku can be translated to mean “a glance” or “one look”. Kinko translates into “equilibrium” or “balance”, with respect to price and time, and Hyo is the Japanese word for “chart”. Thus, Ichimoku Kinko Hyo simply means “a glance at an equilibrium chart”, providing a panoramic view of where prices are likely to go and the position one should undertake.
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Since three years foreign exchange reform, Renmimbi’s two year appreciation terminated this year. In 2008 under the turmoil of global finance and the difficulties of domestic economy, the tendency of Renminbi exchange rate has undergone many twists and turns. Up to yesterday, the appreciation of Renminbi to US dollar hah reached by 6.86%.
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A group of overseas banks have asked the government to delay a newly imposed interest tax on overseas borrowings, although the tax’s levy is in line with international practice, media reports said.
In a petition letter, 36 overseas lenders said the withholding tax on interest payments on all loans to mainland banks from overseas creates an excessive burden. The petitioners included HSBC, Citibank, Standard Chartered and Bank of East Asia.
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China will increase the export tax rebates for some machinery products as of Jan. 1, 2009, in a bid to alleviate cost burdens on exporters, the country’s taxation watchdogs said Monday.
The rebate hikes will involve 553 types of high-tech and high value-added mechanical and electrical products, the Ministry of Finance (MOF) and the State Administration of Taxation announced.
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The value of Hong Kong’s total exports and imports dropped 5.3 percent and 7.9 percent respectively in November on the same month last year in the global economic downturn, revealed the Census and Statistics Department in Hong Kong Monday.
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Among the emerging markets, Asia is in the best position to absorb the shocks of the recent financial crisis, said Gerard Lyons, chief economist of Standard Chartered in his recent analysis report.
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China Power Investment Corp reached an agreement with Ningxia Hui autonomous region on Dec 26 to restructure Qingtongxia Aluminum and form China’s second largest aluminum smelter after Chalco.
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BEIJING, Dec. 29 (Xinhua) — China will increase the export tax rebates for some machinery products as of Jan. 1, 2009, in a bid to alleviate cost burdens on exporters, the country’s taxation watchdogs said Monday.
The rebate hikes will involve 553 types of high-tech and high value-added mechanical and electrical products, the Ministry of Finance (MOF) and the State Administration of Taxation announced.
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The economic and trade relations between China and the American and Oceanian area have been developing most soundly and rapidly during the 30 years of reform and opening up. In this period of time, senior leaders of China and the major countries in the American and Oceanian area had frequent contacts, political mutual trust has been intensifying, pragmatic cooperation in the fields of economic and trade has been expanding, bilateral trade has been growing rapidly, and cross investment has been increasing on a large scale.
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BEIJING, Dec. 27 (APP): Chairman Senate Committee on Foreign Affairs Syed Mushahid Hussain has spoken highly of China’s reform and opening-up launched three decades ago, saying the policy has benefited the Chinese people and the world at large. “The transformation of China, which took place in a peaceful manner, has benefited the Chinese people and affected the peace and stability in Asia and world,” said Senator Mushahid Hussain in an interview with Xinhua.
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