23 August, 2015 by The TZ Newswire Staff Comments Off on ForexLive Asia FX news wrap: China stocks smashed lower again
ForexLive Asia FX news wrap: China stocks smashed lower again
Forex news for Asia trading Monday 24 August 2015
Monday, as it unfolded (start at the bottom and read up):
0130GMT, China stocks open
Weekend:
23 August, 2015 by The TZ Newswire Staff Comments Off on Xinhua says China stocks have joined the global panic selloff
Xinhua says China stocks have joined the global panic selloff
An interesting tweet from Xinhua news ….
– Black Monday! join global panic selloff, dive 8.5%, worst since Asian financial crisis at midday
Joined?
Led, dudes, led.
23 August, 2015 by The TZ Newswire Staff Comments Off on China – Shanghai Composite closes for its lunch break barely off its day’s lows
China – Shanghai Composite closes for its lunch break barely off its day’s lows
Just an update on the market driver today … the Chinese stock market.
The Shanghai Composite:
Reopens in 90 minutes (0500GMT) … if you want to scalp some short euro and or yen trades, now is probably the time.
23 August, 2015 by The TZ Newswire Staff Comments Off on As Shanghai stocks crumble, what will China do next?
As Shanghai stocks crumble, what will China do next?
A move to allow Chinese pension funds to pump billions into the stock market failed to comfort investors, leaving all eyes on the PBoC.
23 August, 2015 by The TZ Newswire Staff Comments Off on Morgan Stanley’s 8 reasons this EM crisis ain’t so bad
Morgan Stanley’s 8 reasons this EM crisis ain’t so bad
Morgan Stanley has 8 reasons why the latest turmoil in emerging markets isn’t as bad as the Asian crisis in the late 90s.
23 August, 2015 by The TZ Newswire Staff Comments Off on EUR, yen … extending their gains again
EUR, yen … extending their gains again
There are worse places to be than in the passenger seat today
The only news we’ve had ( and ) were both shrugged off by a market intent on selling Chinese stocks. Most recently, has seemed to coincide the a cessation of the smashing, though).
23 August, 2015 by The TZ Newswire Staff Comments Off on US Equity Futures Are Crashing
US Equity Futures Are Crashing
Moments ago, without any specific catalyst, US equity futures just plunged when in thin, illiquid tape, a seller took out about 30 consecutive bid levels and as of last check, the ES was down as much as -48 to just 1923, or 2.5%, after being down a modest -13 minutes ago.