by K-man | January 13th, 2020, 12:20:57 | Asia, Economic Data, PBOC, Technical Analysis
An outlook on the CNH drivers. #US- #China Phase One to be signed. Reinstatement of semi annual talks with China (outside trade talks), which Trump abolished earlier during his tenure. Expectations for China trade balance to rebound in Dec (out tomorrow). Expectations...
by Ryan Littlestone | June 7th, 2019, 09:09:20 | Central Banks, PBOC, Technical Analysis
PBOC’s governor Gang was out with comments overnight A little bit of flexibility” in the yuan is good for Chinese and global economies No numerical number is more important than another We could have a temporary depreciation effect on the yuan That lot...
by Ryan Littlestone | January 3rd, 2018, 10:55:36 | Central Banks, Cryptocurrencies, PBOC
China’s central bank speaks to an internet finance body Can only ask local authorities for action Development of Bitcoin mining will be limited A sources story from Reuters.
by Ryan Littlestone | December 14th, 2017, 08:59:52 | Central Banks, PBOC
More rate action from the PBOC Citing sources via Reuters. The PBOC have been tinkering with various rates since the Fed hiked last night. Earlier they hiked the 7 day reverse repo by 5bp to 2.50%, 1yr MLF rate by 5bp to 3.25% and injected 288bn yuan via the 1yr MLF....
by Ryan Littlestone | September 30th, 2017, 11:52:19 | Central Banks, PBOC
Headlines out today Cuts RRR for certain banks effective 2018 Cuts will affect banks in the agricultural and small company business Ordinarily, news of an RRR cut would bring a market move but due to the nature of this one not being a widespread cut, it’s...
by Ryan Littlestone | September 21st, 2017, 10:32:50 | Central Banks, PBOC
Unconfirmed press reports doing the rounds I can find no real source for this yet but its headline chatter that’s bouncing around. As my colague K-Man notes, it could be risk positive news if confirmed as the Chinese have been facing pressure from the US to do...