New Year Started with a Surprise from China; Dow Jones Suffered Severe Losses

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The first trading day of the year started with surprises promising a volatile year ahead. The central bank of China intervened to bolster their stock market by pouring cash into the financial system. After the weak manufacturing data came out for the United States and China, the U.S. stocks posted the worst decline in the last trading days. China intervened the market to boost Stocks The central bank of China injected 130 billion yuan ($19.94 billion) in the market to boost the stock market

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