China pulls the plug, Oil hit hard and the Aussie takes a beating

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The big news of the domestic session is China shutting its stock market after plummeting into ‘limit down’ territory. Essentially this means the market’s fallen too much (more than 5%) and the market has shut for 15 minutes. After re-opening the lower most limit of 7% was breached and markets subsequently closed for the day. From what I can decipher markets will open as normal again tomorrow, but not before the PBoC and the CFFE get stuck into stemming the rout somehow and perhaps find the

    Continue reading...

Share This Page

free forex signals