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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

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    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

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