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USD/CNH closed above 7.000 for first time in 26-months

Despite attempts to stabilise the yuan, USD/CNH has reached 7.000 as policies between the Fed and PBOC continue to widen.

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September 15, 2022 11:46 PM
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USD/CNH almost at 7.00 as concerns over China intensify

When China sneezes, the world usually catches a cold – and that’s precisely how the markets have reacted so far.

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September 7, 2022 08:49 AM
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China’s PMI’s continue to underperform, USD/CNH bulls eye 7.00

The National Bureau of Statistics of China (NBS) released PMI data for China, and is another data set which underperforms relative to expectations.

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August 30, 2022 10:21 PM

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Additional China stimulus helps stimulate the Aussie

Earlier today, China announced 19 additional policies to help the economy, worth $146 billion. These policies will primarily support infrastructure projects.

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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.

Currency exchange rate board of multiple currencies

AUD/USD: Where to next?

With poor economic data and a rate cut from China, it was almost a perfect storm for commodity currencies to sell off, particularly, AUD/USD.

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August 15, 2022 03:32 PM
Oil rig in the sea

WTI lower, but it has little to do with the upcoming OPEC+ meeting

With negative manufacturing data beginning in China and continuing throughout the US session, WTI Crude Oil has been trading lower, down nearly 5% on Monday.

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August 1, 2022 03:04 PM
Federal reserve building

FOMC recap: Fed delivers 75bps, but Powell throws cold water on hawks

On balance, the Fed chief is coming off as relatively dovish...

Federal reserve name plaque on building

Silver: Can precious metals rebound despite Fed tightening?

We are seeing some mild dollar selling ahead of FOMC, which is boosting the appeal of precious metals, yen and franc

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EUR/USD recovers on Ukraine-Russia deal ahead of busy week

Part of the reason why the EUR/USD recovered had nothing to do with the euro, but everything to do with the US dollar.

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US open: Stocks drop as recession fears grow

US stocks are pointing to a sharply weaker start after gains yesterday and as the fust settles on the Fed rate decision.

Currency exchange rate board of multiple currencies

National Bank of Poland hike rates to 6%; USD/PLN

The NBP hiked rates 75bps, as expected, as it tries to fight off inflation from rising commodity prices.

Yen, Euros and dollar currency bills and notes

US Yields on the move again. What does it mean for USD/JPY?

US 10-year yields and USD/JPY have a strong, positive correlation with a correlation coefficient of +0.92.

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June 6, 2022 02:37 PM
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China set to reopen; Good news for the Yuan?

China is back and looking to move forward. With some help from the government, the trough in the PMI data may be behind us.

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EU bans Russian oil, EUR/GBP perks up ahead of CPI

Oil continued higher overnight has EU members agreed on an embargo of Russian oil. Euro pairs are moving higher ahead of today’s CPI report.

FOMC meeting recap: Was that “Peak Hawkishness” for the Fed?

Traders may look at today’s press conference as marking “peak hawkishness” for the Fed, at least in the short term...

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Chinese yuan, stocks and commodities slump

Just when you thought the c-word was no more a thing for the markets…

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April 25, 2022 07:31 AM

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Oil rig on an grey day

Can natural gas break to a new high, or is it just hot air?

Natural gas has seen another strong rally, although lower oil prices yesterday saw it falter just beneath a key level of resistance, leaving clues of near-term exhaustion.

Research

China’s service PMI gets served, base metals lower

Covid reared its ugly head again on economic data, which saw China’s service PMI contract at its fastest pace since the pandemic.

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April 5, 2022 11:25 PM
Gold nuggets

Gold tests $1900 as the “peace trade” picks up steam

A close near current levels would shift the near-term technical bias in favor of the bears, with the next support level to watch coming in around $1870...

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Is USD/CNH set for a multi-month rally?

If current (and expected) yield differentials are anything to go by, the yuan looks quite overvalued. Especially in the context of ongoing growth concerns and geopolitical risks.

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March 15, 2022 11:19 PM
Bank notes of different currencies

EURUSD rebound under review

For the first time since the Russian invasion of Ukraine, supportive headlines helped the EURUSD finish towards the top of the FX leaders board overnight, behind only the Skandies, the NOK, SEK, and DKK.

Shelling at nuclear plant in Ukraine jolts markets

Reports that a fire has broken out at Europe’s largest nuclear plant in Ukraine has more than set alarm bells ringing.