Chinese news agencies report that the policymakers decided to limit the activity of foreign investors through severe laws – foreigners won’t be able to buy except offices for personal use. Reports about this limit and more are sending the Shanghai stock exchange 5% lower and rocking the whole world – “safe haven” currencies rise as fear grows. The Euro, Pound and Aussie are falling while the dollar and the yen are on the rise. According to the reports, foreigners who are permanent residents in China will be limited to owning only one house -the one they live in. This harsh step might address the housing bubble in China. The limits on buying only offices limits not only excessive prices in the real estate market, but also any ability to act in China. Together with an upcoming rate hike in China (to curb inflation), there are fears that Chinese growth is all but over. The Shanghai stock exchange fell by 5%, European stock markets fall by 2% and the impact on currencies is strong as well. AUD/USD plunged over 150 pips, and is far from parity, on the downside. EUR/USD, also suffering from the Irish crisis, is at the lowest level in 5 weeks, USD/CAD jumped, and GBP/USD is trading lower. Except the US dollar, also the Japanese yen is enjoying its safe haven status. After rising for a few days, USD/JPY fell under 82 on these news. Risk aversion at its best. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Presenting the Forex Investment Portfolio Yohay Elam 12 years Chinese news agencies report that the policymakers decided to limit the activity of foreign investors through severe laws - foreigners won't be able to buy except offices for personal use. Reports about this limit and more are sending the Shanghai stock exchange 5% lower and rocking the whole world - "safe haven" currencies rise as fear grows. The Euro, Pound and Aussie are falling while the dollar and the yen are on the rise. According to the reports, foreigners who are permanent residents in China will be limited to owning only one house -the one they live in. This harsh… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
