The Traderszone Network

People’s Bank of China (PBOC) sets the USD/CNY mid-point reference rate
– Friday’s yuan close was at 6.3643
– Friday’s mid point was set at 6.3607, after the biggest strengthening for the yuan mid point in the past 2 weeks

            A small yuan weakening today from the PBOC

British finance minister George Osborne comments while on his trip to China:
(spoiler alert …. Osborne’s comments are very upbeat, he is confident on China despite the poor data lately)

Authored by Ben Tanosborn,

Pictures of migrant-exiles from the Middle East, not just Syrians but Iraqis and Afghanis as well, are currently being transmitted by CNN, Aljazeera English and other news giants to homes all over the world in customary repetition which most of us would agree exceeds the canons of proper news reporting. 

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A report from CBA (Commonwealth Bank of Australia) chief economist Michael Blythe
He is quite dismissive of the reports of an imminent recession in Australia
– He says if you “Back an economist into a corner and demand a recession probability estimate and the answer will almost certainly be 20 per cent”
Says arguments for looking for a recession are weak, saying (in brief):

Hundreds of thousands of people gathered in Havana’s Revolution Square Sunday to celebrate mass with Pope Francis.
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Have you ever wondered how much money Russians spend on alcohol and tobacco compared to the rest of the world? Or how much households in Saudi Arabia allocate to recreation?

Today’s data visualization from The Economist shows how much people in households around the world allocate to different expenses such as food, housing, recreation, transportation, and education.

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The dollar recovered losses as major central banks burnished their dovish credentials after the Fed last week delayed a long-anticipated rate hike.