China and oil stand as top priorities from the start of the year

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Outlook: We get important US data today—the Dec manufacturing PMI and the ISM manufacturing index—but unless the numbers are shocking, the day will probably be dominated by the China-inspired equity meltdown and worries about oil. These two factors were always going to be at the top of the priority list this year, but nobody saw it coming on the first trading day of the year. The Chinese situation is parlous chiefly because we already had two instances of the Shanghai leading the rest of the

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