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Category: USDCNY

Apocalypse Wow.

August 29, 2017August 29, 2017

The crowds are huge for the end of the world…

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‘As Reliable As Gold’: About That ‘Other’ Safe Haven…

August 29, 2017

“Yuan strength during periods of North Korea related turmoil is becoming as reliable as the demand for yen or gold.”

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The Great Flood

August 28, 2017

Although I can’t imagine why…

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Yuan Rides Ridiculous Hot Streak, Now Up 9 Sessions In A Row

August 28, 2017August 28, 2017

Boy, I’ll tell you what, the yuan has got come serious momentum. 

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This Hasn’t Happened To The Yuan Since July Of 2014

August 24, 2017

“…this wouldn’t be the worst time to create some renewed depreciation.”

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‘The Art Of War’ – Is China About To Retaliate With Another Devaluation ‘Shock’?

August 20, 2017

“There are roads which must not be followed, armies which must be not attacked, towns which must not be besieged, positions which must not be contested…” – Sun Tze, The Art of War

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Is This The Market’s New ‘Fear Gauge’?

August 11, 2017August 11, 2017

Who’s afraid of the yuan-won?

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Ezekiel 25:17

August 11, 2017August 11, 2017

“And you will know my name is the Lord when I lay my vengeance upon thee!”

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Yuan Plunges Most Since January As PBoC Surprises Market With Fix

August 10, 2017

What you see in that chart folks, is the yuan falling the most against the dollar since January…

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The Market Has A New Safe Haven Asset – But You Missed The Rally

August 10, 2017August 10, 2017

How much longer can this run?

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Blood On The Streets

August 10, 2017August 10, 2017

Remember, you can always burn your stock certificates to keep warm in a nuclear winter.

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Yuan Surges To Strongest Level Since October – Here’s Why

August 8, 2017August 8, 2017

Ok, so you should note that the onshore yuan strengthened past 6.70 for first time since October on Tuesday. 

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‘60% Of The Time, It Works Every Time’: Full Week Ahead Preview

August 6, 2017

Ok, well good news: we’ll get a break from potentially market-moving scheduled events this week.

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China Caixin PMI Beats, In Good News For The Reflation Narrative

July 31, 2017

More tea leaves from the global engine of growth and trade…

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PBoC Sets Yuan Fix At Strongest Since October After Fed

July 26, 2017

The dovish bias apparent in the July Fed statement has the offshore yuan closing in on its strongest level of the year.

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Look! More FX Shenanigans In China

July 11, 2017

If you’ve been following along over the past two months, you know China is engaged

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Meanwhile, In China: “Relentless, All-Round” FX Shenanigans

July 1, 2017

Epic tug-of-war emerges as PBoC battles traders…

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“This Seems Like Intervention”: Sudden Yuan Surge, Afternoon Stock Rally Show China Hard At Work

June 27, 2017

“They may be eager to keep the onshore yuan quarter-close to near 6.8 per dollar. The quarter-end rate may be an important indicator for foreign central bank reserve managers to consider adding the yuan as assets.”

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Euro Surges On Draghi’s “Three Messages,” Dollar Eyes Janet, Yuan “Suddenly” Jumps

June 27, 2017

Boy, I’ll tell you what, if you’re a central banker and you’re going to say

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Dollar Is Happy, Pound Is Sad, And There’s Some Yuan Shenanigans Afoot

June 20, 2017June 20, 2017

It’s about Dudley for the dollar which rose to a three-week high versus the yen

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Guest Post: Buried Under The Headlines

June 6, 2017

“I am not sure if you should get long US Treasuries because the Chinese have indicated that they might buy some more. But I do know that you shouldn’t short world growth because China is about to implode.”

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Safety Sought: Yen Rallies As Markets Nervously Eye Potentially Dangerous Thursday

June 6, 2017

So on Sunday, in our week ahead preview, we noted that Thursday would bring a

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Inside China’s FX Dice Roll

June 1, 2017

Admittedly, trying to decipher what the fuck is going on in China is a Herculean

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China’s “No Bears Allowed” FX Policy Still In Spotlight Overnight

June 1, 2017June 1, 2017

Ok, so the overnight fireworks were largely confined to early Asian trading. As noted last

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Yuan Erases Drop, Rises (Again) As China Sets Fix Strongest Since November 10

May 31, 2017May 31, 2017

It certainly looks as though we may get a replay of last night’s session which

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Chart Check: A Disconnect Worth Watching

May 31, 2017

Something to ponder…

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China Just Murdered The Yuan Bears

May 31, 2017

The PBoC has spoken and markets, at least for the time being, have listened. Coming

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Monthly Letters

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Resignation

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The Noriega Analogue

January 3, 2026January 3, 2026

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