11 January, 2016 by The TZ Newswire Staff Comments Off on ForexLive Asia FX news wrap: PBOC squeezes yuan shorts, hard
ForexLive Asia FX news wrap: PBOC squeezes yuan shorts, hard
Forex news for Asia trading Tuesday 12 January 2016
China
Comments from Federal Reserve’s Kaplan:
Japan:
Still to come:
The People’s Bank of China continued to act on its intention to calm the yuan market today, squeezing offshore yuan shorts. Meanwhile, Chinese stock markets showed some stability, and oil continued its decline.
11 January, 2016 by The TZ Newswire Staff Comments Off on ForexLive Asia FX news wrap: PBOC squeezes yuan shorts, hard
ForexLive Asia FX news wrap: PBOC squeezes yuan shorts, hard
Forex news for Asia trading Tuesday 12 January 2016
China
Comments from Federal Reserve’s Kaplan:
Japan:
Still to come:
The People’s Bank of China continued to act on its intention to calm the yuan market today, squeezing offshore yuan shorts. Meanwhile, Chinese stock markets showed some stability, and oil continued its decline.
11 January, 2016 by The TZ Newswire Staff Comments Off on Lasry slams ‘misleading’ report of junk bond fund trouble
Lasry slams ‘misleading’ report of junk bond fund trouble
A report that raises questions about a junk bond fund run by Avenue Capital Group was “misleading,” Avenue’s boss told CNBC.
11 January, 2016 by The TZ Newswire Staff Comments Off on Lasry slams ‘misleading’ report of junk bond fund trouble
Lasry slams ‘misleading’ report of junk bond fund trouble
A report that raises questions about a junk bond fund run by Avenue Capital Group was “misleading,” Avenue’s boss told CNBC.
11 January, 2016 by The TZ Newswire Staff Comments Off on Japan PM Abe: Will create environment in which sales tax can be raised
Japan PM Abe: Will create environment in which sales tax can be raised
Bloomberg with the comments from PM Abe of Japan
– Will raise sales tax as long as no Lehman-level events
– Will create environment in which sales tax can be raised
Damned if he does, damned if he doesn’t. Good luck Abe-san!
11 January, 2016 by The TZ Newswire Staff Comments Off on Japan PM Abe: Will create environment in which sales tax can be raised
Japan PM Abe: Will create environment in which sales tax can be raised
Bloomberg with the comments from PM Abe of Japan
– Will raise sales tax as long as no Lehman-level events
– Will create environment in which sales tax can be raised
Damned if he does, damned if he doesn’t. Good luck Abe-san!
11 January, 2016 by The TZ Newswire Staff Comments Off on When The Banking Index $BKX Is Making 52 Week Lows And Testing The 2-Year Lows
When The Banking Index $BKX Is Making 52 Week Lows And Testing The 2-Year Lows
Much has been said that everything must be fine because the US Banks are holding up just fine. The Banking Index $BKX made new 52 week lows on Monday so that changes the narrative considerably in my mind. From the chart below, we can see it is actually more severe as this level has been the major support for the past two years and we currently sit at levels reached in July of 2013. Both 2014 and 2015 had index lows at this level in Mid-January. A few of the big banks report this week including JPM.