The Traderszone Network

China’s fx regulator out with the info on net fx sales
That’ll be commercial banks on behalf of the PBOC in a bid to stave off further yuan devaluation.
In Jan the central bank reported a third straight month of falling fx reserves in their bid to maintain some level of stability.

Microsoft founder Bill Gates has said tech companies should be forced to cooperate with law enforcement authorities.

Latest confidence data now out
– 102 prev
– business confidence 100 vs 102 exp/prev
– production outlook indicator -4 vs +2 prev
– own-company production outlook 17 vs 11 prev revised up from 10
Another mixed bag of data leaves EURUSD unfazed at 1.1034 but EURGBP lower again at 0.7816 as GBPUSD finds dip demand and EURJPY trawling around near lows at 123.72

The head of China’s securities regulator has been removed from his post after last year’s $5 trillion stock- market bust, an unprecedented government rescue and a renewed crisis as plunging Chinese equities last month reverberated around the world.

In their latest report: “Eliminating cash will also eliminate the checks and balances on banking policy and practice”, Stefan Wieler and Josh Crumb from GoldMoney Insights™ show with comprehensive data that eliminating the largest bank notes in circulation is as good as eliminating cash altogether. It becomes evident fighting crime is not the main goal of a phase out of large bills.

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Your daily thread for some excellent trading ideas and thoughts
Lots going on with the B word still in focus and GBP given added flavour today by Carney & Co in front of lawmakers at 10.00 GMT . I ‘ll post some thoughts on that in due course.

Squawk Box Live in Europe is tracking global market moves as stocks lose steam, despite a notable rally on Wall Street on Monday.