Soros: Global markets at the beginning of a crisis, Yuan devaluation worsening pict

FXStreet (Bali) - Legendary investor George Soros was quoted via Bloomberg, noting that Global markets at the beginning of a crisis, and that Yuan devaluation is transferring problems globally.

Jan 7, 2016

GBP/USD supported above 1.4600, ignores oil slump

The GBP/USD pair halts its recent downward spiral heading into the early European morning, keeping the prices firmly above 1.46 handle.

USDCNY: Still bearish CNY, but CNH looks stretched - TDS

Sacha Tihanyi, Senior Emerging Markets Strategist at TDS, suggests that while they remain bearish CNY, they feel that the gap be-tween CNH and CNY leaves too much risk from (temporary) intervention in either the offshore or onshore market.