Treasury Designates China as a Currency Manipulator

Lol. We all know this was on the cards - its been the most 'announced' 'correction' in a while. When the spiders hit 3K that was the melt-up before the log flume.

yes i know i could have put much worseara thingies bot it wood hafve bean to heasy

Trade wars are like any other war - just with out the bullets. There are no winners , everyone loses something. Every country with a central bank that manipulates interest rates effectively controls the price of their currency. We could all go back to the old days of fixing exchange rates via currency boards. Those of us old enough to remember those days know that this is exactly what China is doing, it is nothing new. Every government in the world is constantly jostling positions to gain an edge on their competitor. Like it or not , "that's just the way it is, somethings will never change"

Holy mother of god himself

The Treasury statement is also correct " It's a manipulator " .

It's not even in question .It's blatant

Mnuchin news,

Woah, after the intense stock market sell off today too. Gold has been the thing to buy lately.

China??? Well Chian is number 4.... No:1 is GBP and afterwards EURO and afterwards AUD and after these CHINA comes....

https://www.youtube.com/watch?v=9AjkUyX0rVw

be interesting to see how the algorithm trade machines handle this and what direction AI thinks the market should go and how it should react....and then the millions of human traders reacting like humans...good times for price action traders...not sure its actually good times for humans

yep i know mate just ask the missie she will tell you that mate please political thing to say is poo would have been better , just sold on spike nice small retrace money to be made

edit on gold/aud

so does the english banks

Well that just crashed the market

Well that " cleared the decks "

Probably a few liquidations in some accounts

Maybe a capitulation low for an entry

By the way . If any " guru " says they saw this sell off coming tell them to Foxtrot Oscar

It's BS .

Aussi .

Sentences start with capitals " So "

Thank me later . No need to paraphrase .


That would be " English " . Pedantic i know .

Lamplighter that would be " knew " past tense

Hindsight eh !!!!

That sell off is going to allow the Fed a 1% cut in 4 increments of 0.25 maybe even a 0.5% in September . That and the ECB .

Watch for the stimulus after the tantrum

So one way to mitigate the tariff overhead.

US are allowed to manipulate - no one else lol

How much trading going to be allowed is suspect. Thin market here and CB's going to be in there stabilizing.
Maybe once Tokyo opens there would be some market liquidity to have price discovery.

i dont know anymore what to Short or what to buy . oh this fuckin trump . i hit my stop losses

what is the impact of this on currency?

this isn't going to end well for anyone.