Tag Archives: China
Behavioral Finance: Daily Forex Outlook: ECB was unable to soothe the market
EUR/USD (1.4095) When asked in the post-meeting press conference why the ECB wasn’t actively buying eurozone bonds, President Trichet responded, “You will see what we do”, adding that he wouldn’t be surprised to see something in the market before the end of the teleconference.
HSBC FX Strategy and Economics Comments on China data
BOTTOM LINE: EXPECT TWO MORE RRR HIKES BY END Q3 AND STAY SHORT USDCNH. DONNA KWOK : China’s GDP was a touch higher than what markets expected at 9.6%yoy, but it decelerated nonetheless versus 1Q’s 9.7%yoy. The fact that sequential growth momentum held steady (GDP rose 2.2% on the quarter, seasonally adjusted) means that China […]
OVN FX Wrap
Lots of bits and pieces to digest, but unsurprisingly a quieter session than the start of the week with an underlying positive sentiment led by the recovery in stocks and higher Chinese GDP data.
Macrobullets – Tuesday July 12
TOP Euro zone FinMins promised cheaper loans, longer maturities and a more flexible rescue fund to help Greece and other EU debtors in a bid to stop financial contagion engulfing Italy and Spain {http://bit.ly/pjRYNn}. Full 1 page statement here: {http://bit.ly/oASyeu} The euro fell to a four-month low of 1.3933 after new IMF MD Christine Lagarde […]
Daily Currency Briefing: EU puts all its eggs into one basket
G10 Currencies EUR-USD: The Eurozone heads of government once again put the pressure on: while on Monday the Ministers of Finance had still declared that they wanted to develop “the parameters of a clear new financing strategy” Greece until the beginning of July the work is now likely to be completed by that stage.
FX DAILY STRATEGIST: US – 14 June 2011
Still strong Chinese activity data eases fears of sharp slowdown just as a RRR hike reduces fear of a more serious monetary tightening which would hurt AUD shorts. Europe headed towards deal with most closer to being on same page but beware disappointment: play EURUSD via options and look to leg into AUDCHF longs Still […]
Westpac AustralAsian Daily
Market themes & issues China data cheer up the region, AUD. A strong performance by regional equities, supported at least in part by the slew of Chinese data, sparked a recovery in risk-sensitive AUD and NZD and hurt safe haven USD.
Daily Currency Briefing: Debt crisis against debt crisis
G10 Currencies EUR: On to the next act of the Greek debt crisis: the rating agency Standard & Poor’s has lowered Greece’s rating by three notches. At CCC the risks are now considered to be “substantial” and the securities are “extremely speculative”.
FX DAILY STRATEGY Asia – 14 June 2011
Chinese inflation may come in higher than expectations, but IP will be important in indicating a slowdown We still like short EURCHF as the divergence of opinions over Greece lingers on US retail sales will likely reaffirm slowdown in economy
European FX Daily – Chinese growth better than expected in May
– Antipodeans lead modest rally vs USD, Asian equities up 0.4-1.1% – Chinese production and investment robust in May, inflation rose to 5.5%yoy – US retail sales likely to be weak
China: Policy tightening working
May new lending and money supply growth surprised consensus to the downside, reconfirming that intensive quantitative tightening measures imposed since last October are filtering through. That said, it’s still too early for Beijing to ease up.
China trade data
MAY TRADE BALANCE $13.1 BLN (FORECAST $18.6 BLN): DANIEL HUI : on the headlines a strong set of trade numbers from China. Imports much stronger than expected. We still have yet to see the details, but this likely means that domestic demand remained quite solid – this will counteract some concerns of overtightening or hard […]