The Traderszone Network

By Chris at www.CapitalistExploits.at

Driving the back streets of Medellin a few weeks ago I found it interesting to see the various little pockets to the city. In the poor parts of town I noticed on a couple of occasions taxi drives running their vehicles on empty. I’ve seen this before in countries where there is a lack of sufficient working capital to be able to keep the tank full. Disposable income is low or non-existent…

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Sri Lanka is allowing the local rupee to become more market-oriented but like Bejing, it has shied away from turning the currency into a free float.

Moody’s says China’s banks are getting less strict in recognizing bad loans,
– Failing to include some debts that have been overdue for at least 90 days
– Moody’s analysis of the first-half results of 11 listed banks

Forex news for Asia trading Monday 7 September 2015
Monday:
Weekend:
G20 Communique news out over the weekend, with some strong words on competitive currency depreciations/devaluations. but they’re always waffling on with that sort of stuff. Assurances to the G20 from China on reform, yuan and stock market stabilisation were also in the news headlines. Not unexpectedly.

Japan Prime Minister Abe speaking in Tokyo
Headlines on Bloomberg
– Economic policies have swept away deflationary sentiment
– Economy remains top priority

Greg had the Commitments of Traders data up on Friday:  
JPY shorts fell to the lowest level since April 28th when shorts were at -5K
A few bank notes are highlighting this also

The China head of Man Group said she had not been taken into custody, denying reports that she was being investigated.