{"id":83437,"date":"2016-01-07T06:44:26","date_gmt":"2016-01-07T11:44:26","guid":{"rendered":"http:\/\/countingpips.com\/?p=83437"},"modified":"2016-01-07T06:44:26","modified_gmt":"2016-01-07T11:44:26","slug":"oil-below-34-chinas-stock-market-plunges-7-pushing-up-yen","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/01\/oil-below-34-chinas-stock-market-plunges-7-pushing-up-yen\/","title":{"rendered":"Oil below $34, China\u2019s stock market plunges 7% pushing up yen"},"content":{"rendered":"<div id=\"inves-835536747\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 7, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The dominant themes in the markets today were China and oil. Stock markets in China tumbled 7% today and the Chinese Yuan saw its biggest one-day weakening since the August devaluation.<\/p>\n<p>USD\/CNY was fixed higher than expected and risk assets sold off hard as a result.<\/p>\n<p>Hong Kong\u2019s Hang Seng market, which isn\u2019t subject to the closure of mainland markets following another 7 per cent tumble in the CSI 300, has declined as much as 3.1 per cent to its lowest since July 2013.<\/p>\n<p>In Japan, the Nikkei 225 is down 1.9 per cent, while South Korea\u2019s Kopsi is off 1 per cent and Australia\u2019s S&amp;P\/ASX 200 is down 1.6 per cent.<\/p>\n<p>S&amp;P 500 futures are pointing south by 1.2 per cent, after the US benchmark fell by 1.3 per cent overnight.<\/p><div id=\"inves-1226362446\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>In currencies, the Australian dollar is down 0.7 per cent, a fourth straight decline, to $0.7025, a two-month low.<br \/>\nMeanwhile, the safe haven yen is up 0.4 per cent at 117.97 per dollar, the highest since mid-August.<\/p>\n<p>Gold is up 0.8 per cent at $1,101.78 an ounce.<\/p>\n<p>The ripple effects from China\u2019s market turmoil \u2013 both equity and currency also affected oil prices. Brent crude oil has tumbled as much as 3.3 per cent to $33.09, a new low going back to 2004.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The dominant themes in the markets today were China and oil. Stock markets in China tumbled 7% today and the Chinese Yuan saw its biggest one-day weakening since the August devaluation. USD\/CNY was fixed higher than expected and risk assets sold off hard as a result. Hong Kong\u2019s Hang Seng market, which [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-83437","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=83437"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83437\/revisions"}],"predecessor-version":[{"id":83450,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83437\/revisions\/83450"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=83437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=83437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=83437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}