EUR/USD Daily Video, 28 August, 2015

[Sive Morten]

Good morning,

EUR has reached predefined support and we carefully could try to take long position:




The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies

 

[leo4fx]

Hi Sive
Do you think that recent news about the PBoC selling t-notes to support the yuan is causing the big moves that we see now ?

 

[Sive Morten]

Hi Sive
Do you think that recent news about the PBoC selling t-notes to support the yuan is causing the big moves that we see now ?

Leo, could you please give me the link to the article... It this is really true - it means currency war and all that we've seen last week is just light intro. It will confirm that plunge on stocks was not an occasion.

 

[leo4fx]

It seems like china prefers to sell t-notes instead of gold to support the yuan.

http://www.zerohedge.com/news/2015-...s-dumped-100-billion-treasurys-past-two-weeks

http://www.zerohedge.com/news/2015-...begun-liquidating-treasuries-warns-washington

http://www.zerohedge.com/news/2015-...asury-liquidation-means-1-trillion-qe-reverse

Apparently this was reported on Bloomberg

If all of this is true that would make a case for this graph

http://www.zerohedge.com/news/2015-08-28/most-important-chart-global-finance