China Enters Currency War - Devalues Yuan By Most On Record

Risk assets got back in the groove last week, as policy makers once again managed to keep spooky realities from coming out of the closet. Greece not only chickened out but also surrendered to Troika, in order to secure more debt from Euro zone to repay Euro zone and IMF. The fear of unknown has become so great for Greek policymakers that all their year and half talk of “fire and brimstone”

Posted in: Technical Analysis