by Ryan Littlestone | October 23rd, 2020, 10:59:15 | Research
Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research Only four currencies have appreciated by more than 4% versus US Dollar since end-July: the high-yielding South African Rand (4.6%) and Mexican Peso (5.8%), the Chinese Renminbi (4.4%) and...
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 | August 15th, 2018, 10:58:23 | Technical Analysis
With USDCNH into 6.90, I’m starting to get ready to look at shorts A pretty simple trade idea this one. China is set to defend 7.00 and we already know of large barriers there. The biggest central bank in the world is in play and if there’s one thing...
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....
