2015-08-12_podsumowanie_sesji_WT_FDAX_H1-1024x507 (1)

PBOC decided to devaluate its own currency and to lower the reference rate against the dollar by 1.9% – compared to the previous day. This treatment is intended to improve export performance, which at the weekend fared well below forecasts.

As a result of this decision EUR/USD is gaining since the morning, previously the US contracts for indices were losing. For DAX such movements are usually an explosive mixture. Price took off on Tuesday with 40 points bearish gap. The session ended with results such as: DAX30 -2,68%, MDAX -2,03%, TECDAX -1,38%, SDAX -1,24%.

What is important, the Tuesday’s candle has clearly increased volume compared to the previous bullish candles. During today’s session we will have similar situation – China once again lowered yuan value to the US dollar.

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