10 August, 2015 by The TZ Newswire Staff Comments Off on Australia, NAB business confidence 4 (prior 10), conditions 6 (prior 11)
Australia, NAB business confidence 4 (prior 10), conditions 6 (prior 11)
Australia, NAB business confidence and conditions
National Australia Bank business confidence for July, 4
– prior was 10
National Australia Bank business conditions for July, 6
10 August, 2015 by The TZ Newswire Staff Comments Off on China weakens yuan reference rate by 1.9%, most on record
China weakens yuan reference rate by 1.9%, most on record
Yuan reference rate set at 6.2298, prior close 6.2097
more to come
And … there goes the AUD … … but wasn’t expecting such a hard & fast fall. The yuan sharp cut in the reference rate wasn’t entirely unexpected,
10 August, 2015 by The TZ Newswire Staff Comments Off on More on the People’s Bank of China’s yuan comments – depreciation coming?
More on the People’s Bank of China’s yuan comments – depreciation coming?
MNI with a little more on the PBOC’s earlier comments, and a useful insight:
– The People’s Bank of China … notes that some emerging economy currencies have depreciated against the U.S. dollar
MNI add:
10 August, 2015 by The TZ Newswire Staff Comments Off on EUR/USD orders
EUR/USD orders
EUR/USD orderboard
These may come in handy if the ****in’ thing wakes up!
Currently 1.1028
10 August, 2015 by The TZ Newswire Staff Comments Off on AUD on the move after the huge China new loans beat
AUD on the move after the huge China new loans beat
I posted the Chinese data here
and noted the huge beat in:
– July New yuan loans 1.48 trln yuan (Reuters poll for the expected was at 738.0 bln yuan)
Nearly double the expected.
10 August, 2015 by The TZ Newswire Staff Comments Off on People’s Bank of China says strong yuan puts pressure on exports
People’s Bank of China says strong yuan puts pressure on exports
Comments via Bloomberg from the PBOC:
– Local debt swap helps financing for local projects
– Strong yuan puts pressure on exports
– Social financing growth reasonable
10 August, 2015 by The TZ Newswire Staff Comments Off on If You Are A Chinese TV Host, Do NOT Call Mao Zedong An "Old Son Of A Bitch"
If You Are A Chinese TV Host, Do NOT Call Mao Zedong An "Old Son Of A Bitch"
When China’s equity bubble burst and the SHCOMP tumbled unceremoniously back to earth on the back of a harrowing unwind in the half dozen or so backdoor margin lending channels that had served to pump CNY1 trillion into an already inflated stock market, Beijing went looking for scapegoats.