http://forex.fxdd.com/116910/forex-trading/pboc-raises-benchmark-interest-rate-25-basis-points I guess, that´s the last rate hike before the te equity market year end rally.
My question is when is the Fed going to do the right thing. I have been forcasting this move for some time. China knows what it doing. The easest way to trade this is short US dollar. If the US can make a rate increase happen then things will balance out. If the US does another QE then ....... I am in a silmilar situation as the Chinese on a micro level. I am owed money but I must assit my debtors to ensure I get my return. It prime example of credit to the hilt causing unwise decisions. Robbing peter to pay paul does not work when the piper must be paid. The housing contagent is still present and the Euro crisis is still smoldering and the Chinese arre setting up Africa. Who is kidding who? Akuma