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China joins the rate cut party

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Quick Recap The horses are on the track and the race toward year’s end for stock markets and traders looks like it has begun. Friday’s rally in stocks globally was a result of the move by the Chinese to cut both the interest rate in the economy and the reserve requirement for banks. As I said at Business Insider this morning the cut of the benchmark rate by another 0.25% to 4.35% and the cut of the RRR by 0.5% to 17.5% should help the economy. That’s because taken together “that

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