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EM Rundown: China bears spooked, but broader EM data not terrible

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    For over a decade now, China has been the center of the emerging market world from an economic perspective, and 2016 looks to be no different. As we noted earlier today, 2016 is the Year of the Monkey in the Chinese Zodiac, but from the first day’s price action, you might mistake it for the Year of the Bear. The proximate cause for the carnage was weaker-than-anticipated manufacturing PMI figures; both the official government reading and the “third party” Caixin report came in below the 50

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