WARNING!
Take note big moves will come soon in the next 14 trading days for all markets. No asset will be spared.
Technical analysis is looking on hindsight to predict the future. Act blur hao lian trader is very good with blowing such trumpets. Most importantly many people forget to make trade decisions with geopolitical perspective. This is what I use as my indicators besides Central Banks propaganda. A chart tells you about past performance but past performance does not guarantee same future results.
FOMC rate cut of 25-50 basis points on 31/07/2019 is a done deal. What does this mean besides USD negative, equities positive? It means something big may happen.
Uncle Trump finally got what he wished for. The rate cut will give him extra fire power to fight the trade war. This means the PBOC will have to devalue the CNY currency by (tariff % amount) + (extra 25-50 basis points) to even out the tariffs imposed. Currency outflows will accelerate in correlation to depreciation pace. The last thing what China wants to see is currency outflows being speeded up.
Don't say Mr.Canberra never give good tips.
