The Traderszone Network

In case you hadn’t guessed … I had an outage and was offline for a while … back now (OBV. 😀 )
I put something like this in a comment …. just thought I’d post it too.

One year ago, an 18-year old black man was fatally shot in Ferguson, Missouri by a police officer. Michael Brown’s death ignited a country-wide debate about the excessive amount of violence that occurs at the hand of police – particularly to African-Americans. Since then, at least 1,083 people have been killed by police in America…

read more

China’s growing ability to buy and sell millions of barrels of oil has given it so much clout that other traders are forced to follow its agreed prices.

Comments from the People’s Bank of China
Headlines via Reuters 

            Meanwhile on the AUD

Mad Money host Jim Cramer says he thinks it’s time to take a step back and consider the collapse in oil before making moves.

CNH is the offshore trading of the yuan, and its falling harder than the onshore (USD/CNY)
more to come

Meanwhile, anything associated with the ‘risk’ is taking a hammering

– Wage cost index for Q2, +0.6%, expected +0.6% q/q, prior was +0.5%
– Wage cost index for Q2, +2.3%, expected +2.3% y/y, prior was +2.3%
– Credit card balances for June, 25.5bn, prior was $A51.3bn
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