It was a relatively quiet overnight session on the news front, although you wouldn’t know
Category: yuan
Reflation Frustration
This is probably a decent time to start asking yourself if the narrative still makes
Does Anyone Still Give A Sh*t About China Risk?
We’ve come a long way (I guess) since the days when China risk was in the driver’s seat in terms of financial conditions and it’s a good thing, because the Fed has enough on its plate without having to worry about whether a wayward PBoC will short circuit the FOMC’s plans to normalize policy.
“Bigly”: Reflation Is Back As Dollar Rises, Global Stocks Rally, Oil Eyes EIA Data
Apparently, reports of the reflation meme’s demise were greatly exaggerated. It wasn’t too long ago
Bad Chinese
By now, you’re probably aware that China is in a tough spot. As I’m fond
Daily Kickstart (China Grateful For Meandering Dollar, “Frexit” Fears Subside)
The overnight session was largely a snoozer on Thursday (no pun intended). The dollar looks
Big Trouble In Little China
Given that today is Donald Trump’s coronation, it’s somewhat ironic that we begin in China, where the Politburo was kind enough to tell us what they want us to think GDP is.
China’s Nasdaq Crashes
The normalization of initial public offerings (IPOs) in China could help raise the financing efficiency
Chart Check (Let’s All Move To Hong Kong)
Are you a Chinese citizen who wants to circumvent Beijing’s increasingly onerous capital controls on the
It’s A “Clearly Artificial Regime”: No Love For The PBoC
Last week, we witnessed a truly epic short squeeze in Hong Kong. Soaring deposit rates,
Tuesday Chart Check (Bitcoin Edition)
Sure, many Chinese citizens are so desperate to move money out of the country that they’re
Tuesday Chart Check (Squeeze Please Edition)
Shaking out the shorts…
Daily Kickstart (Currency Chaos Edition)
The pound gets pounded while the RMB remains volatile. The offshore yuan posted its largest two-day decline since last summer.
Albert Edwards Wants To Know Why No One Gives A Sh*t About China Anymore
“Global markets really couldnÂ’’t seem to give a toss about events in China. Yet they should.”
Daily Kickstart (Jobs Edition)
Overnight I quoted Goldman on the way to explaining why a short yuan bias was
PBoC: “Listen To Me Shorts, We’ve Got Your Head In A Vice”
“Don’t make me be a bad guy”…
More Yuan Weakness “Inevitable,” One Bank Says
“We think tighter capital controls are stop –gap measure that may plug one hole but won’t prevent another one emerging elsewhere”…
Daily Kickstart (China FX Edition)
Whither the yuan…
These Are The Two Main “Risk Scenarios” For Markets
There are a lot of things you can say about Heisenberg, but one thing you
Here’s One More Reason To Believe China’s Currency Will Continue To Plunge
Despite the Politburo’s best efforts (which now include the imposition of what amount to new capital
Tuesday Chart Check (Frozen Money Markets Edition)
Confucius say: “It’s probably nothing”…
Why Fed Policy Mistakes Are Now Inevitable
As noted earlier on Monday evening, we’re seeing Catch-22s everywhere these days as central banks are
Time To Throw In The Towel? China Hints At Lower Growth
In “not very exciting but nonetheless important” news, PBoC adviser Huang Yiping has gone on
China: “No Float For You!”
There’s been no shortage of speculation about the veracity of China’s GDP data which many
How Tight Is Liquidity In China? This Tight
Earlier on Wednesday I highlighted tightening liquidity in China. For anyone who missed it or
Daily Kickstart (China Liquidity Edition)
“We again have the condition of low volume plaguing markets,” Jingyi Pan, market strategist at IG
Presenting The 3 “Transitions” That Will Shape Markets In 2017
Not everyone likes to talk about (let alone read about) macro. I’ll go out on
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