15 June, 2017 by The TZ Newswire Staff Comments Off on What levels are you watching for the yen over the BOJ announcement?
What levels are you watching for the yen over the BOJ announcement?
I’ve marked up (very roughly) a few obvious points on the USD/JPY chart
I’m thinking if there is no change from the BOJ (as seems likely) there is a bit more USD/JPY strength to come, towards those red lines I’ve scribbled as ‘resistance’ (the ones lower than current spot would be … drum roll please … ‘support
15 June, 2017 by The TZ Newswire Staff Comments Off on O’Brien Investment Group Launches New Global Macro Fund
O’Brien Investment Group Launches New Global Macro Fund
Chicago-based O’Brien Investment Group has launched a new discretionary global macro hedge fund that will be managed by chief investment officer and former Goldman Sachs executive Monica Fuentes.
15 June, 2017 by The TZ Newswire Staff Comments Off on Special counsel Mueller reportedly investigating Trump aide Jared Kushner’s finances, business deals
Special counsel Mueller reportedly investigating Trump aide Jared Kushner’s finances, business deals
Mueller is probing Trump aide and son-in-law Kushner’s financial dealings, the Washington Post reported, citing sources.
15 June, 2017 by The TZ Newswire Staff Comments Off on Will the BOJ talk about exit strategy in today’s announcement? Or in the presser?
Will the BOJ talk about exit strategy in today’s announcement? Or in the presser?
I’m going “no” and “yes” to those two questions
We’ll get the announcement soon enough,
…. and the press conference later (0630GMT). Kuroda will crtianly be asked about the exit strategy at this.
15 June, 2017 by The TZ Newswire Staff Comments Off on People’s Bank of China sets yuan reference rate at 6.7995 (vs. yesterday at 6.7852)
People’s Bank of China sets yuan reference rate at 6.7995 (vs. yesterday at 6.7852)
CNY mid rate against the USD from the PBOC today. A much weaker yuan.
And, for open market operations:
– To inject 30 bn yuan through 7-day reverse repos
After accounting for RRs maturing today that’s a net injection of 250bn yuan from the Bank. I posted a few minutes ago on … PBOC stepping up already.
15 June, 2017 by The TZ Newswire Staff Comments Off on Dollar firms on upbeat data, on track for weekly gains
Dollar firms on upbeat data, on track for weekly gains
The dollar stood tall in Asia on Friday, on track for weekly gains against a currency basket.
15 June, 2017 by The TZ Newswire Staff Comments Off on While we await the yuan ‘fix’: "China averts cash crunch but not liquidity tightness "
While we await the yuan ‘fix’: "China averts cash crunch but not liquidity tightness "
Comments from HSBC on the People’s Bank of China and credit market tightness
China averts cash crunch but not liquidity tightness
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Stress in lending markets in China over coming weeks is something to watch for, but keep in mind, as HSBC point out, this is normal for the mid-year.