China’s central bank has cut interest rates for the second time this year, amid a continuing economic slowdown. It lowered its rate by 25 basis points to 5.1%, saying the move was aimed at boosting development.
OK… China makes this move to support Chinese economy, right.. I know growth in China is slowing down!!!!
But I’m wondering about the timing of this move by Chinese government!!!
I guess there’s one answer for this move?!!
David Cameron and Conservative Party hit a nuclear strike to US dollar by winning the UK election?!!.
UK election results are supposed to push EURUSD and GBPUSD to the upside strongly, we’re talking about 1.2000/1.2500 levels for EURUSD and 1.600/1.6500 levels for GBPUSD…………….
The market was prepared to shift to a new trading zone!!!!
Such a move -these days-could cause losses of trillions of dollars in the US economy?!!!!
China is the Joker card that saved US dollar from a massive fall?!!!
The smart question?!!! For how long!!!
I think U.S government wants to slow it down a little bit…..
It’s all about time!!!
There’s no harm of USD falling, but there’s one condition !!!!
Things should be done at the planned time, that simple!!!
I do believe, EURUSD and GBPUSD should move upward in the near future!!!
But the Chinese move is likely to bring sideways market for a couple of weeks!!!