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Re: Scripo post# 179740

Saturday, 01/23/2016 2:44:19 PM

Saturday, January 23, 2016 2:44:19 PM

Post# of 385178
Yes china it would be helpful to know when your going to depeg from usd.. gl laggard!

Fwiw 20 year iwm /R2k is the only index with longterm sell sig this month first of its kind since 08. Yup not even 2011. As small caps go......

Going LT puts on the next trip to OB on weekly prob legin OB on daily. cause it will test the ema's that just crossed bearish on the 20Y

IMF's Lagarde says markets need clarity on China currency
Print | A A A
BY REUTERS| ASIA-PACIFIC , CHINA | 5:34 AM ET 01/23/2016
DAVOS, Switzerland, Jan 23 (Reuters) - Financial markets need more clarity on how the Chinese authorities are managing their currency, particularly the relationship of the yuan to the U.S. dollar, IMF Managing Director Christine Lagarde said on Saturday.
Asked at a panel discussion in Davos whether she would back capital controls by China for a period, she avoided a direct reply but said: "Certainly a massive use of reserves would not be a particularly good idea ... Some of it was already used."
She said that the market needed "clarity and certainty" about China's exchange rate basket "in particular with reference to the dollar, which has always been the reference".
"That would be the right move to make," she added.
Bank of Japan governor Haruhiko Kuroda said his personal view was that capital controls would be an appropriate way for China to reconcile its need to keep domestic monetary policy loose while stabilising its currency. (Reporting by Noah Barkin and Paul Taylor)

https://eresearch.fidelity.com/eresearch/markets_sectors/news/global_story.jhtml?storyid=201601230534RTRSNEWSCOMBINED_B4N0ZH01S_1&provider=RTRSNEWS&product=COMBINED&category=AsiaPacific%2CCN&searchTopic=allcountries
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