Stalling economy = what for oil demand? Watch the $100 level to initiate a free-fall short Target around $91
Technical break above 50SMA and 200SMA combined with WTF sanctions and billions in capital flight = LONG.
Can't begin to imagine what the soon-to-be ramifications of this Chinese Yuan move are for Chinese banks, and the S&P500. Tick tock tick tock.
Gold to tank. USD/CNY under huge pressure. Small rally into a descending triangle provides excellent setup to short. A break through 1280 will see gold drop to the 1250 levels.
Fundamental - RBA indicates no immediate need to raise interest rates Economic data - Aussie CPI falls short, China PMI contracting Technical - AUDUSD breaks through 50SMA and heads toward 200SMA on 4HOUR chart Usually would take this pause as an opportunity to go Long, but with the recent Fundamentals and Data releases, probability favours the downside. Note:...