The Traderszone Network

People’s Bank of China’s mid point for the USD/CNY for Friday
– yesterday’s close was 6.3896
– yesterday’s mid point was set at 6.3896
A slight weakening of the yuan again.

I posted on the EUR/USD and the upcoming European Central Bank meeting a little earlier (
courtesy of Credit Agricole)
Here is how the orderboard is looking for today

Hot on the heels of the biggest collapse in Australian Capex ever, and just as we predicted back in 2012, we thought it about time to once again re-visit – Godot-like – the never-ending wait for ‘recovery’ (or ongoing crash) in Capital Expenditure around the world.

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From the Economic Information Daily on China railway investment
via Bloomberg headlines:
– China targets at least 23,000 km of new railways 2016-2020
– China needs at least 2.8tln yuan investment in new railways
More:

GfK Consumer Confidence for November
Comes in at 1 …………… yes, got it early! I’m gonna telephone Janet and see if I can get the early result of the December FOMC. I may be pushing my luck though.

By EconMatters

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Credit Agricole is a huge French banking group; their trading view on EUR/USD ahead of the European Central Bank
This is via eFX
.
In essence, the ECB will want to distinguish between retail and
wholesale banks in the Eurozone. The policy makers are reluctant to
penalize the retail banks that fund themselves mainly via domestic
deposits too aggressively given that this could increase the risk of
deposit flight. As a result, they could end up penalizing wholesale
banks more aggressively given that the threat of deposit flight is less
pronounced there.