China’s economy is slowing. Its stock market began to crash back in July. And, the volatility rocking financial markets has been widely linked to the recent yuan devaluations by China's central bank.
Speaking of that: “Surprise”... (full story)
On Tuesday (Aug. 11) China shocked global markets by devaluing its currency, the renminbi, by almost 2% -- "a move that could raise geopolitical tensions and weigh on growth elsewhere." (NYT)
Then on Wednesday, yuan fell some more.... (full story)
Remember how during the time of the Greek bailout a couple of weeks ago, the euro didn't seem to "know" which way to go next? There is a reason for that, says The Wall Street Journal -- carry trade:
"The tried-and-tested carry... (full story)
I always say trading forex markets is like riding a bike -- except that said bike has one flat tire and the ground beneath it is covered in ice.
So why are they so popular, you might ask? In fact, forex is the most liquid market on earth,... (full story)
How do you know what "your" forex market will do tomorrow?
You don't. We don't. Nobody does. All anyone can do is guess. But some guesses are more "educated" than others.
In a recent interview, Elliott Wave... (full story)