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Dear Users;
don't be fooled by the fragile recovery in currencies because China is still in trouble and poised to bring greater pain for the financial markets. U.S. and European equities ended the day in positive territory as USD/JPY and high beta currencies rebounded sharply. Investors completely ignored the decline in Chinese stocks overnight - the Shanghai Composite Index dropped 5.3% while the Shenzhen Composite fell 6.6% with both indices closing at their lows. However risk appetite seems t…
don't be fooled by the fragile recovery in currencies because China is still in trouble and poised to bring greater pain for the financial markets. U.S. and European equities ended the day in positive territory as USD/JPY and high beta currencies rebounded sharply. Investors completely ignored the decline in Chinese stocks overnight - the Shanghai Composite Index dropped 5.3% while the Shenzhen Composite fell 6.6% with both indices closing at their lows. However risk appetite seems t…