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China’s stock market rescue brings in reinforcements
China’s “National Team”, the nickname given to state-backed entities tasked with rescuing markets, are doubling their efforts, upping purchases of exchange-traded funds (ETFs) while restricting certain undesirable activities detrimental to stock prices. So far, indices such as the A50 are rallying.
China’s ‘National Team’ may be mobilising to stabilise its crumbling equity markets
China’s ‘National Team’ – a collection of state or quasi state-backed entities tasked by the government to smooth out financial market ructions when the prevailing price action is deemed desirable – looks like it may have been mobilised with China’s A50 ripping higher late Thursday and going on with the move today.
USD/CNH down, A50 up as weak Chinese inflation keeps stimulus hopes alive
Chinese inflationary pressures remain weak, whether it be upstream or for consumers. But with expectations for further stimulus from the Chinese policymakers baked in the cake, does it have implications for China’s equity market or currency?
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USD/CNH, AUD/JPY: China ‘data dump’ relieves pressure on yuan, Australian dollar
China’s August “data dump” has come in ahead of expectations, solidifying the view activity in the world’s second-largest economy is beginning to stabilise.
USD/CNH: Turning point as yuan strengthens despite US core CPI strength?
USD/CNH has broken out of the range it’s been in since July, signaling a potential period of consolidation, or even a reversal, from the prevailing bullish trend.
USD/CNH: Encouraging signs from China’s economy may spark deeper reversal
The Chinese yuan looks set for its largest gain against the US dollar since March, propelled higher a triple-whammy of factors.
China A50: upside risks for earnings grow as stimulus ramps up
Comprising huge financial and property firms, China's A50 may benefit from the rapid rollout of stimulus measures.
USD/CNH, China A50 vulnerable as stimulus measures disappoint
China cuts benchmark interest rates less than expected, adding to concerns about the trajectory for Chinese markets and the economy.
USD/CNY: PBOC ramps up efforts to defend the yuan
The People's Bank of China delivers the strongest USD/CNY fix relative to expectations on record.
AUD/USD, USD/CNH whipsawed as PBOC cuts rates
USD/CNH rallies as the PBOC unexpectedly cuts wholesale interest rates. AUD/USD gains on stimulus hopes.
China ready to intervene in USD/CNH; Tells banks to prepare
After the BOJ and the BOE intervened in the markets, traders are asking “Who’s next?”.
European Open: The PBOC cut lending rate, EUR/CHF set for new lows?
The PBOC lifted China’s equity markets and commodity FX pairs with another round of easing, aimed at supporting their flailing property market.
Could the PBOC allow USD/CNH to head for 7.000
USD/CNH enjoyed its best day since the pandemic yesterday following China’s weak data, as the PBOC seemingly want to allow their currency to slide to help support the economy.
China CPI, PPI, and RRR
The most impactful piece of news from China was the increase in the Reserve Requirement Ratio (RRR) by the PBOC from 7% to 9%
European Open: PBOC to ‘take it easy’ on XI’s command?
The independence of China’s central bank is being questions on reports that China’s top anticorruption agency have been the PBOC’s offices after the past few weeks.
Are China’s problems finally catching up? USD/CNH
It appears that the PBOC couldn’t keep the Yuan down any longer and may have “let it go” to take out stops below the market
People’s Bank of China: a guide to China’s interest rates
The People’s Bank of China is somewhat of an enigma compared to other central banks. Find out everything you need to know about the PBOC and how its meetings influence financial markets.
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Stocks rebound on PBoC as EZ deflation boosts ECB QE prospects
The European stock markets started the new week and the last day of February on the back foot this morning. The kick-back rally had actually […]
AUD/USD bounces on PBOC & Chinese trade data, but is it a false dawn?
It’s said that the night is blackest just before the dawn, and investors clearly had a very dim short-term outlook on China’s economy earlier this […]
EM Rundown: The biZARre collapse in South Africa’s rand
With Tokyo markets offline for a bank holiday (happy Coming-of-Age Day to our Japanese readers!) following the late day collapse in US equities to close […]
AUD/USD bulls fall casualty to Chinese slowdown fears, .7000 in sight
It’s been a rough start to 2016 for China bulls and anyone else dependent upon solid growth in the world’s second-largest economy. After Monday’s Chinese […]
“Black Monday” debrief: Where do US stocks stand now?
In what’s been dubbed “Black Monday” yesterday, US stocks collapsed across the board, with the widely-watched Dow Jones Industrial Average (DJIA) of 30 massive US […]
FTSE closes higher but turmoil not over yet
European equities have closed sharply higher today with the UK’s FTSE 100 climbing 3% and the German DAX up a good 5%. Short-side profit-taking has […]