Editorial Staff - Elliott Wave International - Fri Feb 05, 9:36AM CST
On Tuesday (Aug. 11) China shocked global markets by devaluing its currency, the renminbi, by almost 2% -- "a move that could raise geopolitical tensions and weigh on growth elsewhere." (NYT)
Then on Wednesday, yuan fell some more.... (full story)
Editorial Staff - Elliott Wave International - Fri Feb 05, 8:31AM CST
Jim Martens, editor of EWI’s Currency Pro Service , discusses recent price action in EURUSD and explains why he’s looking for the euro to start another leg down -- and for the U.S. dollar, another leg up -- very soon.
... (full story)