A flush of FX outflows threatens a breach of the 7 level vs. the dollar, and commodities will likely follow suit.
The biggest risk right now is the yuan level versus the dollar.
Data has been decent, but is showing signs of softness as the demand collapse in the rest of the world feeds into U.S. data.
The perception of commodities being linked to the Chinese economic cycle made them victims during the harsh selloff.
Turkey's growing currency crisis is sparking widespread concern.
CEO Christian Sewing's restructuring plan aimed at streamlining the business gives glimmer of hope while geopolitical pressures weigh on the share price.
It appears the People's Bank of China may have put a floor in place for the currency.
Let's take a look.
Let's take a look at a number of charts and indicators that tend to be forward looking.
Bitcoin's current rally is short-lived.