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Off the cliff again

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Outlook: We will start thinking about the Fed again later today and tomorrow ahead of the 2 pm Statement. Friday’s Bank of Japan statement is too far away to worry about right now. For the moment, we need to worry about China again. The Shanghai dropping another 6.4% and setting off another round of global bourse losses--for the second time in six months –is a screaming danger sign. As several Chinese market players have told the Western press, confidence in the stock market has disappeared

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