Lets take a look about the global economy to find what cause the big drop on Thursday and Friday.
  1. Talks about bank run in china
  2. China's manufacturing sector is contracting
  3. CNBC is reporting that U.S. retailers just experienced the worst holiday season since 2008.
  4. The U.S. Congress is facing another deadline to raise the debt ceilingin February.
  5. The Dow fell by more than 170 points on Thursday and the Japanese stocks experienced their biggest drop in 7 months on Thursday.
  6. The value of Turkish lira is collapsing.
  7. Brazilian stocks declined sharply on Thursday amid fears of Argentina economic mild down is going to spill over into Brazil.
  8. At last but not least the chaos thats happening in Ukraine.
All these signs are warning of a start of a bearish market and risk aversion on currencies.
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