4 July, 2016 by The TZ Newswire Staff Comments Off on Goldman Reveals How China Is Covering Up Hundreds Of Billions In Capital Outflows
Goldman Reveals How China Is Covering Up Hundreds Of Billions In Capital Outflows
In order to mask the tremendous capital outflows leaving its country – in order to prevent and/or delay a depositor panic – China has resorted to various gimmicks: back in October, we reported that the first one involved the PBOC gradually shifting from FX spot intervention to the using forwards as a preferred mechanism of market intervention as it is not as obvious, or as transparent to detect, to wit: “we need to take account not only of the PBoC’s non-spot market intervention ef
4 July, 2016 by The TZ Newswire Staff Comments Off on Something Huge Is Coming From Japan
Something Huge Is Coming From Japan
4 July, 2016 by The TZ Newswire Staff Comments Off on NZIER reports NZ business confidence rises in Q2
NZIER reports NZ business confidence rises in Q2
The New Zealand Institute of Economic Research (NZIER) quarterly Business Opinion Survey:
– Q2 business confidence at 19, a huge jump from 2 in Q1 (net 19% of frims expect business conditions to improve)
More:
4 July, 2016 by The TZ Newswire Staff Comments Off on NZ budget surplus likely to be more than forecast
NZ budget surplus likely to be more than forecast
The New Zealand government has published its 11-month financial statements
It forecasts the budget surplus to be higher than was originally though
NZD321m more than forecast
4 July, 2016 by The TZ Newswire Staff Comments Off on Three Former Barclays Traders Convicted Of LIBOR Manipulation
Three Former Barclays Traders Convicted Of LIBOR Manipulation
As regular readers know, we have covered the manipulation of LIBOR for many years now going back to January 2009, and while our conspiracy theory once again became conspiracy fact, we do still follow the fallout of the scandal and the predictable scapegoating of lower level traders.
4 July, 2016 by The TZ Newswire Staff Comments Off on ForexLive Americas FX news wrap: Canadian dollar cruises higher
ForexLive Americas FX news wrap: Canadian dollar cruises higher
Forex news for North American trading on July 4, 2016
It was a US holiday and that sapped the life out of the FX market but there were a few notable wobbles.
Cable jumped up at the European equity close in a quick 50 pip rally that was unwound over the next half hour. There were no headlines behind the move, so it looks to be something flow related. Cable finished at 1.3285.
4 July, 2016 by The TZ Newswire Staff Comments Off on Brexit – UK property fund says no to exit – bans redemptions
Brexit – UK property fund says no to exit – bans redemptions
The Financial Times report on Standard Life, which has stopped retail investors selling out of one of the UK’s largest property funds.
– Rapid cash outflows have been triggered by fears over falling real estate values in the wake of the Brexit vote