Will China's Currency Peg Be The Next To Fall?
Charles Hugh Smith - at Seeking Alpha - Fri Feb 13, 4:26AM CST
I suspect China's leadership is wary of unpegging the RMB for one reason: the FX market is too large to manipulate for long. What is China's currency the renminbi (RMB, a.k.a. yuan) really worth? Nobody knows, because price discovery has been...
FXCH: 78.58 (unch), CNY: 42.61 (-0.11), CYB: 25.18 (+0.03)
Asian Currencies: Which Are The Strongest?
Reid K. - Seeking Alpha - Mon Feb 02, 9:32AM CST
By Reid K Asia is home to more currencies than any other continent on the planet and because of this, there are a wide variety of options for forex traders. Today, we’ll go over just a few of the region’s currencies while looking at...
FXCH: 78.58 (unch), JYN: 48.15 (unch), CNY: 42.61 (-0.11), YCL: 14.33 (+0.04), INR: 36.21 (-0.48), ICN: 21.26 (-0.05), CYB: 25.18 (+0.03), YCS: 87.47 (-0.07), FXY: 81.87 (+0.09)
ECB QE And Commodities: ECB Action Sets The Stage For 2015
Andrew Hecht - at Seeking Alpha - Tue Jan 27, 5:18AM CST
FXCH: 78.58 (unch), JYN: 48.15 (unch), CNY: 42.61 (-0.11), ULE: 17.62 (-0.02), DEE: 58.48 (unch), USDU: 27.70 (unch), UBM: 14.75 (-0.30), RJZ: 8.02 (+0.08), FXC: 79.78 (+0.19), FXE: 112.16 (-0.15), ERO: 43.16 (unch), DRR: 55.92 (-0.18), HEVY: 28.73 (unch), USCI: 47.48 (+0.44), BOM: 16.87 (+0.17), GLTR: 63.73 (+0.76), UUP: 24.91 (-0.01), BOS: 24.00 (-0.10), DDP: 41.94 (-2.87), WITE: 34.95 (+0.83), EUFX: 42.41 (+0.07), FORX: 44.02 (+0.09), BCM: 32.35 (+0.42), CMDT: 42.09 (+0.57), URR: 19.48 (+0.08), DYY: 3.95 (+0.15), COMT: 41.61 (+0.43), EUO: 24.16 (+0.03), JJP: 59.02 (+0.73), BDG: 16.45 (-0.66), FTGC: 25.57 (+0.26), YCL: 14.33 (+0.04), JJM: 25.82 (-0.10), BDD: 6.71 (-0.30), YCS: 87.47 (-0.07), PDBC: 20.92 (+0.30), BLNG: 34.06 (unch), UDNT: 10.42 (-0.02), DPU: 11.22 (unch), DBB: 15.26 (unch), DBC: 18.30 (+0.20), USMI: 19.72 (+0.30), RGRC: 18.39 (+0.01), UUPT: 29.68 (-0.04), FXY: 81.87 (+0.09), RGRI: 20.14 (unch), RGRP: 18.01 (+1.01), SBV: 27.97 (+0.56), DBP: 38.44 (+0.36), CYB: 25.18 (+0.03), UDN: 22.76 (+0.03)
Draghi's 'Do Whatever It Takes' Beats Estimates
Doug Noland - Seeking Alpha - Tue Jan 27, 3:10AM CST
Let's return to where we left off in late-December: "Bubble On, Bubble Off." The thesis remains that the "global government finance Bubble" was pierced in 2014. However, in a world of unprecedented liquidity excess, deflating...
FXCH: 78.58 (unch), CNY: 42.61 (-0.11), ULE: 17.62 (-0.02), URR: 19.48 (+0.08), EUO: 24.16 (+0.03), SPY: 209.78 (+0.86), QQQ: 106.91 (+0.91), DIA: 180.34 (+0.50), CYB: 25.18 (+0.03), FXE: 112.16 (-0.15), FXF: 104.56 (-0.56), ERO: 43.16 (unch), EUFX: 42.41 (+0.07), DRR: 55.92 (-0.18)
The 'Neutral' Swiss Just Changed Sides!
Bill Holter - at Seeking Alpha - Fri Jan 23, 6:21PM CST
The Swiss have been known for many things. They are renowned chocolate and watch makers as well as financiers. They are well known as a very low crime society where nearly everyone has a gun (maybe this is why crime is low?) but their greatest claim...
FXCH: 78.58 (unch), CNY: 42.61 (-0.11), CYB: 25.18 (+0.03), FXE: 112.16 (-0.15), FXF: 104.56 (-0.56), FSZ: 39.72 (unch), EWL: 32.82 (+0.02)
The Reset Has Already Begun
Bill Holter - at Seeking Alpha - Thu Jan 22, 5:18AM CST
Editor's note: Originally published on January 19, 2015 For several years there has been talk of a financial and economic “reset” coming, this is no longer speculation as the reset has already begun! The Swiss have suppressed the price...
FXCH: 78.58 (unch), GLDI: 12.39 (+0.06), CNY: 42.61 (-0.11), OUNZ: 12.26 (+0.06), UGLD: 12.39 (+0.18), FSZ: 39.72 (unch), EWL: 32.82 (+0.02), GLDE: 14.06 (+0.24), GYEN: 13.48 (+0.12), SGOL: 120.32 (+0.59), GEUR: 13.61 (+0.09), FXF: 104.56 (-0.56), UGL: 41.23 (+0.32), BARS: 47.25 (-1.58), TBAR: 23.57 (-0.27), DZZ: 6.85 (-0.07), DGL: 40.62 (+0.21), DGP: 25.12 (+0.28), DGLD: 67.61 (-1.14), UBG: 31.86 (+0.15), DGZ: 14.99 (-0.06), GLD: 117.98 (+0.64), CYB: 25.18 (+0.03), IAU: 11.89 (+0.06), GGBP: 13.25 (+0.48), AGOL: 121.01 (-0.19), BAR: 29.93 (+0.49), GLL: 92.03 (-1.02)
Will Chinese Gold Demand End 2014 With A Boom?
Koos Jansen - at Seeking Alpha - Sun Jan 18, 2:51AM CST
Editor's note: Originally published on Bullionstar.com on 21 December, 2014 Shanghai Gold Exchange (SGE) withdrawals in week 50 (December 8 – 12) accounted for 50 tonnes, year to date 1,955 tonnes have been withdrawn. (click to enlarge) ...
FXCH: 78.58 (unch), SGOL: 120.32 (+0.59), CNY: 42.61 (-0.11), DSUM: 24.08 (-0.04), OUNZ: 12.26 (+0.06), GLD: 117.98 (+0.64), CHNB: 74.67 (unch), CYB: 25.18 (+0.03), IAU: 11.89 (+0.06), AGOL: 121.01 (-0.19), CBON: 24.41 (-0.08)
Winning EM Exporters Have The Best FX Outlook
Mehran Nakhjavani - at Seeking Alpha - Thu Jan 15, 1:58PM CST
Emerging market currencies are experiencing one of their periodic bouts of volatility, all of which can be attributed to the ebb and flow of hot money. A competent technical trader should be able to profit from such volatility. But fundamental...
FXCH: 78.58 (unch), CNY: 42.61 (-0.11), FXSG: 72.87 (unch), INR: 36.21 (-0.48), ICN: 21.26 (-0.05), UUPT: 29.68 (-0.04), CYB: 25.18 (+0.03), UDN: 22.76 (+0.03), USDU: 27.70 (unch), FORX: 44.02 (+0.09), UUP: 24.91 (-0.01), UDNT: 10.42 (-0.02)
China's factory activity slows
Seeking Alpha - at Seeking Alpha - Thu Jan 01, 12:31AM CST
FXCH: 78.58 (unch), CNY: 42.61 (-0.11), PEK: 45.04 (+0.17), CQQQ: 36.39 (+0.41), CHXF: 53.10 (+0.30), YINN: 38.57 (+0.69), FXP: 38.91 (-0.47), PGJ: 28.89 (+0.28), FCA: 23.21 (+0.38), YAO: 28.18 (+0.30), ASHR: 35.67 (+0.29), GXC: 81.15 (+0.54), FXI: 42.98 (+0.27), XPP: 73.36 (+0.86), DSUM: 24.08 (-0.04), KWEB: 33.34 (+0.39), ECNS: 44.71 (+0.36), TAO: 21.60 (+0.15), CHNA: 35.95 (+0.47), CHLC: 25.07 (+0.03), QQQC: 22.20 (+0.17), CHIX: 15.66 (+0.09), KFYP: 63.62 (-1.18), HAO: 25.39 (+0.17), MCHI: 52.12 (+0.31), CHIM: 14.70 (unch), YANG: 9.94 (-0.17), CHIQ: 12.98 (+0.17), CHIE: 13.11 (+0.02), CYB: 25.18 (+0.03), YXI: 27.30 (unch), CHII: 13.51 (+0.49), TCHI: 27.40 (+0.17), CHXX: 17.75 (-0.44)
The 3 Things Fueling FX Market Volatility Throughout 2015
Dean Popplewell - at Seeking Alpha - Mon Dec 22, 1:03PM CST
By Dean Popplewell The dearth of currency market volatility in 2014 that sank to historic lows last summer appears to be consigned to history. Put simply, there are too many economic and geopolitical variables that erupted over the latter half of...
CNY: 42.61 (-0.11), FXY: 81.87 (+0.09), FXE: 112.16 (-0.15), UDN: 22.76 (+0.03), UUP: 24.91 (-0.01)
What Is China's Banking System Telling Us?
Capitalist Exploits - Seeking Alpha - Tue Dec 16, 4:44PM CST
The more we look at the Chinese renminbi, the more convinced we become that the next serious move will be to the upside and that this will more than likely occur sooner rather than later. Last month, I wrote an article "The World's Biggest...
FXCH: 78.58 (unch), CNY: 42.61 (-0.11), CYB: 25.18 (+0.03)
Is China's Growth Really Slowing? Not Really
The Specialist - at Seeking Alpha - Tue Dec 16, 3:01PM CST
FXCH: 78.58 (unch), CNY: 42.61 (-0.11), EWH: 21.78 (+0.10), PEK: 45.04 (+0.17), CNXT: 33.89 (+0.56), KBA: 45.53 (+0.31), CQQQ: 36.39 (+0.41), YINN: 38.57 (+0.69), CHXF: 53.10 (+0.30), FXP: 38.91 (-0.47), EWHS: 26.51 (-0.27), PGJ: 28.89 (+0.28), FCA: 23.21 (+0.38), YAO: 28.18 (+0.30), FCHI: 52.73 (+0.52), ASHR: 35.67 (+0.29), ASHS: 37.81 (+0.51), GXC: 81.15 (+0.54), FXI: 42.98 (+0.27), XPP: 73.36 (+0.86), KWEB: 33.34 (+0.39), ECNS: 44.71 (+0.36), TAO: 21.60 (+0.15), CHNA: 35.95 (+0.47), QQQC: 22.20 (+0.17), CHIX: 15.66 (+0.09), KFYP: 63.62 (-1.18), HAO: 25.39 (+0.17), MCHI: 52.12 (+0.31), CHIM: 14.70 (unch), YANG: 9.94 (-0.17), CHIQ: 12.98 (+0.17), CHIE: 13.11 (+0.02), CYB: 25.18 (+0.03), FHK: 40.34 (-0.09), CHII: 13.51 (+0.49), YXI: 27.30 (unch), CN: 34.87 (+0.34)
Russia Shocks The Markets: Fundamental And Algorithmic Analysis
I Know First Research - at Seeking Alpha - Tue Dec 16, 6:48AM CST
CNY: 42.61 (-0.11), FB: 75.74 (-0.49), OIL: 12.01 (+0.34), FXE: 112.16 (-0.15), EUO: 24.16 (+0.03), UUP: 24.91 (-0.01)
Offshore RMB Sovereign Debt And Chinese Exchange Rates
Shirley Shen - at Seeking Alpha - Thu Dec 11, 2:01PM CST
Originally published on Nov 25, 2014 Growing Appetite for "Dim Sum Bonds" On October 14, 2014 in a milestone event, the U.K. treasury became the first western nation to issue sovereign bonds denominated in the Renminbi, China's...
FXCH: 78.58 (unch), CNY: 42.61 (-0.11), DSUM: 24.08 (-0.04), CHNB: 74.67 (unch), CYB: 25.18 (+0.03), CHLC: 25.07 (+0.03), CBON: 24.41 (-0.08)
The World's Biggest Asymmetric Trade Just Got Bigger
Capitalist Exploits - Seeking Alpha - Thu Dec 04, 12:29PM CST
Ten days ago China cut interest rates in an effort to free up credit and stimulate the economy. This is unlikely to have much of a positive effect on economic growth in China. Rather it is likely to compound the big problem that the Chinese currently...
FXCH: 78.58 (unch), CNY: 42.61 (-0.11), CYB: 25.18 (+0.03), UUP: 24.91 (-0.01)
Deflation And Dichotomy In The Land Of Oz - Part 1
The Nattering Naybob - at Seeking Alpha - Wed Dec 03, 1:12AM CST
CNY: 42.61 (-0.11), HYG: 91.12 (+0.13), IEF: 107.18 (-0.36), UUPT: 29.68 (-0.04), FXY: 81.87 (+0.09), UUP: 24.91 (-0.01), JNK: 39.43 (+0.10), SPY: 209.78 (+0.86), QQQ: 106.91 (+0.91), LQD: 120.83 (-0.48), CORP: 103.79 (-0.25), DIA: 180.34 (+0.50), EMB: 111.75 (+0.27), FXE: 112.16 (-0.15), IWM: 121.53 (+0.72), UDN: 22.76 (+0.03), UDNT: 10.42 (-0.02), BKF: 36.77 (+0.31)
What's Behind China's Interest Rate Cut?
Invesco US - Seeking Alpha - Mon Dec 01, 8:13AM CST
By Paul Chan Last Friday, the People's Bank of China announced an asymmetrical rate cut of 25 and 40 basis points for the benchmark deposit and lending rates, respectively, effective starting Nov. 22, 2014. 1 Specifically: The one-year...
FXCH: 78.58 (unch), CNY: 42.61 (-0.11), EWH: 21.78 (+0.10), CHLC: 25.07 (+0.03), FXI: 42.98 (+0.27)
Yuan For The Money...
Adventures in Capitalism - Seeking Alpha - Mon Dec 01, 5:30AM CST
So, I'm chatting with my good friend "Man in Black" and he lets me in on a bit of a chart secret; the Chinese Renminbi (NYSEARCA: CNY ) is starting to look awfully similar to the Japanese Yen (JPY) right before it put in a massive move. Long time...
CNY: 42.61 (-0.11)
China's Market Cap Surpasses Japan's
Marc Chandler - Seeking Alpha - Fri Nov 28, 12:54PM CST
This great graphic , composed on Bloomberg, shows that China's market capitalization (white line) is now greater than Japan's (yellow line). This is the consequence of two forces. (click to enlarge) First, the Chinese stock market has easily...
FXCH: 78.58 (unch), JYN: 48.15 (unch), CNY: 42.61 (-0.11), YCL: 14.33 (+0.04), CYB: 25.18 (+0.03), YCS: 87.47 (-0.07), FXY: 81.87 (+0.09), EWJ: 11.93 (+0.14)
Where Will Risk Erupt This Time?
Charles Hugh Smith - Seeking Alpha - Mon Nov 10, 1:55PM CST
So where has all the risk pooled up in the system? In foreign exchange (FX) markets, that's where. One of the precepts of this blog is that risk cannot be disappeared, it can only be transferred or temporarily hidden from view. This...
FXCH: 78.58 (unch), CNY: 42.61 (-0.11), ULE: 17.62 (-0.02), URR: 19.48 (+0.08), UUPT: 29.68 (-0.04), EUO: 24.16 (+0.03), USDU: 27.70 (unch), UUP: 24.91 (-0.01), CYB: 25.18 (+0.03), FXE: 112.16 (-0.15), UDN: 22.76 (+0.03), EUFX: 42.41 (+0.07), ERO: 43.16 (unch), FORX: 44.02 (+0.09), DRR: 55.92 (-0.18), UDNT: 10.42 (-0.02)