Thursday, August 27, 2015 2:11:19 PM
Shanghai Composite Index re-test the former support zone
An upward breakout (3324-3121) would be very bullish.
According to Chinese web site, The reverse rate and fund rate cut will be effective on September 6, in between, the People’s Bank of China starts the 1400 billion Yuan SLO (Short-term Liquidity Operations) as additional tool to manage cash supply, Repurchase agreements and reverse repurchase contracts with a maturity of less than seven days will be the main tools of the so-called SLOs. This micro maneuver has been applied earlier this year.
5 mins, daily, and conceptual illustration
session 08/28
An upward breakout (3324-3121) would be very bullish.
According to Chinese web site, The reverse rate and fund rate cut will be effective on September 6, in between, the People’s Bank of China starts the 1400 billion Yuan SLO (Short-term Liquidity Operations) as additional tool to manage cash supply, Repurchase agreements and reverse repurchase contracts with a maturity of less than seven days will be the main tools of the so-called SLOs. This micro maneuver has been applied earlier this year.
5 mins, daily, and conceptual illustration
session 08/28
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