One reason to think the PBoC won't follow the Federal Reserve in hiking rates, is while the Fed will have hiked 0.75 percentage points from December to June, the Chinese market has already seen rates increase 1.25 percentage points for some time periods:
That Fabulous Fib
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FEEDI haven’t messed around with Fibonacci retracements in weeks, and it
occurred to me that, with all the market action over the past month, it was
high t...
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