“At such times, FX intervention will become necessary to close the gap between the market price and the fixing.”
Category: USDCNY
Your “Unreal, Irrational, Herd Actions” Were Pissing China Off – But They “Fixed” It
Well, this was pretty easy to see coming. When Moody’s downgraded China for the first time
“Unexplained, High-Volume Drops,” Yuan Shenanigans, And A Cartel Meeting
Well, things have been “choppy” overnight and especially around the flood of OPEC headlines that
Chinese Stocks Stage Hilarious Comeback After “Absolutely Groundless” Moody’s Downgrade
It’s all fun and games until someone gets downgraded. So last night, Moody’s handed China
Trump’s China Flip-Flop Is Complete: Treasury Declines To Apply Currency Manipulator Label
As tipped by… well, by Donald Trump himself, the Treasury department refrained from labeling China a
Two “Bigly”s: Trump WSJ Comments Battle Kim’s New Road For Overnight Supremacy
Well needless to say, Donald Trump’s comments in the Wall Street Journal (which hit at
The Chinese Capital Flight Doom Loop & Why A One-Off Depreciation Could Cause A Crisis
” We take the contrary position and believe that a big devaluation might turn out instead be the final straw on the camel’s back of China’s credit bubble, leading to an even greater crisis.”
China Trade Data “Surprises” Bigly, Shows First Deficit In 3 Years
Wednesday begins in China, where we got highly anticipated trade data that probably shouldn’t have
No Trouble In Little China And Nothing Doing In Oz
It was a relatively quiet overnight session on the news front, although you wouldn’t know
Political Ping Pong, A “Pounding,” And A Market Awaiting Trump
Well, we start in FX land on Monday morning and as has become the norm
Reflation Frustration
This is probably a decent time to start asking yourself if the narrative still makes
Daily Kickstart (Chinese FX Reserves Fall Below $3 Trillion, Euro On The Back Foot, Senate Weighs Risk Of School Grizzly Attacks)
The “big” news overnight should have been Chinese FX reserves just like China should be back
Daily Kickstart (Back To Work Edition)
At long last, the holidays are over. I like the peace and quiet as much
Presenting Goldman’s “Top 10 Themes For 2017”
On Saturday, I brought you Goldman’s “Top 10 Picks For 2017,” ten trade ideas which
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