Something snapped

Discussion in 'Forex - Currencies Forums' started by baudwalk, Oct 27, 2015.

  1. baudwalk

    baudwalk Senior Investor

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    http://www.zerohedge.com/news/2015-...gth-sends-crude-copper-china-us-stocks-slidin

    This news just broke in the last half hour, also showing up on Bloomberg data. See the graph for the sudden drop.
    Across Asia, Europe and here, markets may be interesting in the next 12 hours. It's difficult to say if the blown secret US Navy operation scheduled to approach the disputed Spratley Islands today has anything to do with this; DoD officials were notably ticked about the publicity of the a destoyer's maneuver.
     
    Last edited by a moderator: Jul 8, 2016
  2. Steve Dawson

    Steve Dawson Active Member

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    This is slightly alarming for me. Whats the purpose of this DOD operation ? I notice that Bitcoin is on the way up again simultaneous to these drops, I'm heavily into Bitcoin at the moment, would it be a good time for me to get rid of them ?
     
  3. baudwalk

    baudwalk Senior Investor

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    This is the follow up story that broke 24 hours ago (http://www.cnn.com/2015/10/27/asia/us-china-south-china-sea/index.html). The Spratly Islands, in prime shipping lanes, have been claimed by a number of countries over the decades. It came to my attention during the Vietnam War. North Vietnam, South Vietnam, Phillipines were among those seeking control of the area. China is the latest protagonist, converting reefs and atolls into islands with harbors, runways and military barracks and facilities. HTH. YMMV.
     
  4. WaveWage

    WaveWage Well-Known Member

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    Nothing really happened, we're one week or two later and nothing happened. Right now, the USD/JPY is at 123.152 yen = $1. It feels like they're back to a good level and it is even stimulating the Japan's economy and markets in the last few days. So yes, the levels lowered down but I think USD/JPY will be higher and JPY will get weaker over the next weeks, honestly.


    Few reasons for that: I think the hike is going to happen, that's my first assumption, and I think it will happen in 2015. Then, Japan continue easing plans, but not U.S. And also they're on the Trans-Pacific Partnership. I'm not worried.
     

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