10 September, 2015 by The TZ Newswire Staff Comments Off on PBOC MPC member Huang Yiping: Yuan can still appreciate, but existing downward pressure
PBOC MPC member Huang Yiping: Yuan can still appreciate, but existing downward pressure
A piece in the China Business News (via MNI), citing People’s Bank of China Monetary Policy Committee member Huang Yiping
–
Foreign-exchange reserves are accumulating for a “rainy day”
10 September, 2015 by The TZ Newswire Staff Comments Off on Asian shares mixed ahead of FOMC meeting, China data dump
Asian shares mixed ahead of FOMC meeting, China data dump
Asian stocks traded mixed on Friday amid increased uncertainty heading into the Federal Reserve’s crucial meeting on interest rates next week.
10 September, 2015 by The TZ Newswire Staff Comments Off on China stock market opening indications – Shanghai Composite to open down 0.3%
China stock market opening indications – Shanghai Composite to open down 0.3%
The PBOC strengthened the yuan again today
Now … opening indications for China stocks:
– Shanghai Composite to open down 0.3%
– CSI300 index to open down 0.2%
–
10 September, 2015 by The TZ Newswire Staff Comments Off on China Fixes Yuan Stronger After Premier Li Says "No QE" Amid Record High, Surging Pork Prices
China Fixes Yuan Stronger After Premier Li Says "No QE" Amid Record High, Surging Pork Prices
Despite the biggest intervention surge in offshore Yuan on record (“predatoring” any excess speculative fervor on PBOC actions in the spot market), a ‘PBOC Advisor’ noted that “long-term FX intervention was not their target.” The Hong Kong Dollar is pressuring the strong-end of its range against the USD
10 September, 2015 by The TZ Newswire Staff Comments Off on Dollar under pressure as yuan rallies
Dollar under pressure as yuan rallies
The dollar came under selling pressure against the yuan, while sterling received a shot in the arm after the Bank of England downplayed global risks.
10 September, 2015 by The TZ Newswire Staff Comments Off on People’s Bank of China sets USD/CNY reference rate at 6.3719
People’s Bank of China sets USD/CNY reference rate at 6.3719
Yuan reference rate for today set by the PBOC at
– Yesterday’s rate was 6.3772
–
ps. CSI300 futures open up 0.3%
10 September, 2015 by The TZ Newswire Staff Comments Off on Cramer basics: How to save, save, save
Cramer basics: How to save, save, save
Professor Cramer heads back to the classroom to review the basics of investing, starting with saving! Because you can’t invest without savings.