Elliott Wave International’s Chris Carolan discusses China’s decision to devalue the yuan. Watch below to find out if this latest move is the final step in currency crisis, or if there’s more to come.
See how Chris Carolan helped subscribers anticipate the devaluation of the yuan. See his charts and read his analysis from recent issues of The Asian-Pacific Short Term Update.
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This article was syndicated by Elliott Wave International and was originally published under the headline (Interview, 3:11 min.) “[T]here is real risk of a repeat of 1997’s Asian currency crisis.” – Chris Carolan, Aug. 9. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.