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)
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)
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)
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)
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)
China: Why Looser Monetary Policy? Structural Reasons
Enzio von Pfeil - Seeking Alpha - Thu Nov 06, 4:14PM CST
0.4% growth?? Contrary to market wailings about China's growth slowdown, we argued recently that a percent is not a percent. When wailing, people look back fondly on the 1990's growth rates of 8-10% and then gnash their teeth that this has...
FXCH: 78.58 (unch), CNY: 42.61 (-0.11), DSUM: 24.08 (-0.04), CYB: 25.18 (+0.03), CHLC: 25.07 (+0.03)
Chinese factory activity remains anemic, services growth slows
Seeking Alpha - at Seeking Alpha - Mon Nov 03, 3:28AM 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), CHXF: 53.10 (+0.30), YINN: 38.57 (+0.69), 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), 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), FNI: 30.69 (+0.24), FHK: 40.34 (-0.09), CHII: 13.51 (+0.49), YXI: 27.30 (unch), CN: 34.87 (+0.34), TCHI: 27.40 (+0.17)
PBOC's Hong Kong Bypass?
Joseph Calhoun - Seeking Alpha - Wed Oct 29, 8:20AM CDT
By Jeffrey P. Snider I think there remains a lot of misunderstanding about global finance simply because very few people, including every economist I have seen, realize the systematic arrangement has drastically altered way beyond orthodox...
FXCH: 78.58 (unch), CNY: 42.61 (-0.11), 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)
Chinese consumer sentiment plunges
Seeking Alpha - at Seeking Alpha - Wed Oct 29, 12:48AM CDT
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), CHXF: 53.10 (+0.30), YINN: 38.57 (+0.69), 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), 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), FHK: 40.34 (-0.09), CHII: 13.51 (+0.49), YXI: 27.30 (unch), CN: 34.87 (+0.34)