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Consolidation the theme in early trading

Discussion in 'Market News' started by ForexLive, Oct 26, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Thurs/Fri moves unwinding So far today the theme is retracing a portion of the excitement on Thursday and Friday about central banks. One of the drivers has been the mediocre response in Chinese stocks. Shanghai didn't get a chance to react to the PBOC cut until today and the market closed up just 0.5%. When the news was announced, the A-shares US ETF had risen 2% so it's a disappointment.

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