12 August, 2015 by The TZ Newswire Staff Comments Off on PBOC advisor Huang says yuan unlikely to fall 10%
PBOC advisor Huang says yuan unlikely to fall 10%
PBOC policy committee member giving an interview
– China unlikely to see big capital outflows
– GDP hasn’t bottomed. Still faces downward pressure
– GDP growth may dip below 75 in coming 2-3 years
12 August, 2015 by The TZ Newswire Staff Comments Off on Large EURGBP option expiry today now in play
Large EURGBP option expiry today now in play
Further to my options post earlier (now updated) we now have a EUR 2.2bln expiry at 0.7100
The price action so far tells us that it’s very much in play with defence so far providing support at 0.7105 and rallies limited with downside pressure still
12 August, 2015 by The TZ Newswire Staff Comments Off on "It’s A Warzone": Images Of Devastation After Chinese Explosion; Toxic Chemicals Feared; Port Ops Disrupted
"It’s A Warzone": Images Of Devastation After Chinese Explosion; Toxic Chemicals Feared; Port Ops Disrupted
Daylight has arrived after the massive explosion in the Chinese port of Tianjin, and reveals nothing but devastation, or as the following tweet from Offbeat China describes it, “a warzone”:
War zone #tianjin pic.twitter.com/CiySwCOFXl
— Offbeat China (@OffbeatChina) August 13, 2015
12 August, 2015 by The TZ Newswire Staff Comments Off on Credit Suisse, Barclays Said Working Toward Dark Pool Settlement
Credit Suisse, Barclays Said Working Toward Dark Pool Settlement
The trouble surrounding bulge bracket-operated dark pools seems could be coming to end soon, at least for Barclays and Credit Suisse.
12 August, 2015 by The TZ Newswire Staff Comments Off on Awkward: Russian minister drops the ‘F-bomb’
Awkward: Russian minister drops the ‘F-bomb’
Russian Foreign Minister Sergei Lavrov prompted a storm on social media after being filmed swearing at a press conference with Saudi Arabia.
12 August, 2015 by The TZ Newswire Staff Comments Off on Chinese exports forecast to grow for full year 2015
Chinese exports forecast to grow for full year 2015
So says the commerce ministry
– pace of decline in imports will ease in latter part of year
– foreign trade faces increasing downward pressure
– studying new measures to support trade
Devaluation perhaps?!
12 August, 2015 by The TZ Newswire Staff Comments Off on Nikkei 225 posts new session highs at 20,601.30
Nikkei 225 posts new session highs at 20,601.30
Nikkei having a better day as PBOC devals have less effect
– currently 20586.30
– +195.53
– +0.98%
– USDJPY riding higher with it at 124.46 also just off session highs
Update 05.29 GMT