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The China-driven global rout is not over

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Outlook: The China-driven global rout is not over, just taking a rest. It’s likely that the appearance of stability in China, including better data, plus a seeming stabilization in oil prices, will deliver a respite, i.e., a min-rally in equities. But it will be short-lived. The economy needs real repair, not just band-aids. Morgan Stanley, according to the FT, asserts “China and its currency are driving markets. This is not just about the world’s second-largest economy. The dynamics of CNY

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