Here The Pretty Nice Setup To Hunt The Arbitrage Opportunities On Chinese YUAN.
If it goes wrong with the Chinese economy, all markets will collapse.
China's central bank guided the yuan lower on Thursday FX_IDC:CNYUSD . China's first shock devaluation in August jolted the global financial markets and Indian currency "INR" was also affected by this sudden move. This second devaluation has come at such a crucial time, when money market was expecting strengthening in "INR" and start of appreciating trend. Can...
China. It's been in the media? It's being painted as the bad guy! Well unlike Kim Jong Un Dropping H-Bombs China will drop some more bombs in the future but it will be devaluaing the Yuan Yuan is now in the SDR and many countries are going to start adopting more and more. We see a devaluation to 6.8 maybe slightly further until you will see the yuan gain...
Many are asking if the sell-off in Chinese stocks has stopped after the last two weeks' beatings. It looks like they are for now, or with moderate downside in the next 5-10 trading days. Looking at SOHU, it lost nearly 30% of its value in two weeks. Looking at the long term chart, SOHU can lose about 17% from its current price to reach the bottom of a...
Bidu could run to the above levels the key is volume on todays breakout and to see if by end of day it has closed above the breakout resistance level