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)
Does QE = Currency Manipulation?
Anthony Ruben - at Seeking Alpha - Mon Feb 02, 10:26AM CST
CYB: 25.18 (+0.03), FXY: 81.87 (+0.09), FXE: 112.16 (-0.15), UUP: 24.91 (-0.01)
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)
Too Quick To Exaggerate SWIFT Data
Marc Chandler - Seeking Alpha - Wed Jan 28, 9:51AM CST
The media has pounced on a report from SWIFT, the international messaging platform for financial transactions, which showed a rise in the use of the Chinese yuan to record levels. According to SWIFT, the use of the yuan surpassed the Australian and...
FXA: 77.69 (+0.23), RBL: 17.44 (+0.30), CYB: 25.18 (+0.03), FXB: 151.21 (+0.01), FXY: 81.87 (+0.09), FXC: 79.78 (+0.19), FXE: 112.16 (-0.15), UUP: 24.91 (-0.01)
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)
China And Japan Treasury Holdings
Marc Chandler - Seeking Alpha - Tue Jan 20, 7:43AM CST
This Great Graphic , created on Bloomberg, shows Japan (white line) and China (yellow line) holdings of US Treasuries in November 2014 based on the latest TIC data. (click to enlarge) Japan's holdings rose to a record $1.24 trillion in...
CYB: 25.18 (+0.03), FXY: 81.87 (+0.09)
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)
Why China's Economy Will Thrive Through To 2020
Michael Grogan - at Seeking Alpha - Mon Dec 22, 2:31PM CST
CYB: 25.18 (+0.03), FCA: 23.21 (+0.38), FXI: 42.98 (+0.27)
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)
China Will Adjust Monetary Policy Shortly
Marc Chandler - Seeking Alpha - Mon Dec 15, 10:25AM CST
Developments in the coming days will likely push the People's Bank of China into easing monetary policy the near-term. Many have been looking for a follow up move since the PBOC surprised the market on November 21 by cutting interest rates for the...
CYB: 25.18 (+0.03), FCA: 23.21 (+0.38), FXI: 42.98 (+0.27)
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)
Chinese Yuan Weakens
The Short Side Of Long - at Seeking Alpha - Wed Dec 10, 3:40AM CST
Chart 1: Chinese currency has once again began to weaken against USD (click to enlarge) Source: Bar Chart PBOC has recently cut in interest rates for the first time in over two years. While Chinese central bankers continue to talk the talk,...
CYB: 25.18 (+0.03)
GRI Weekly Risk Outlook
Global Risk Insights - Seeking Alpha - Mon Dec 08, 6:13AM CST
(click to enlarge) Putin visits India to reach out on energy, defense. Crude oil reaches new lows as economies thrive on cheap energy. US likely to avoid a repeat of 2013 shutdown. Eurozone ministers meet to discuss possible non-compliance...
SPY: 209.78 (+0.86), IEV: 44.50 (+0.15), QQQ: 106.91 (+0.91), RUSL: 27.31 (+1.68), OIL: 12.01 (+0.34), CYB: 25.18 (+0.03), DIA: 180.34 (+0.50), FXE: 112.16 (-0.15), IWM: 121.53 (+0.72), UDN: 22.76 (+0.03), UUP: 24.91 (-0.01)
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)