外汇社区博客

按标签筛选:  Pboc
Avatar

Yen stabilized overnight

After 300 pip decline since the beginning of the week, the pair finally made some pause. It was all about China again overnight and the pair responded with an almost 100 pip rally after the PBOC held the yuan reference rate near yesterday's level.
It's not the end of the day and the week yet with U.S. labour market report coming up at 13:30 GMT. Expectations are for about 200K new jobs added in December, which tends to be a volatile month regarding this matter.
A strong number shall see the pair…
阅读全文
翻译为 英语 显示原始
留言
Avatar

Dollar strength to start the year

Quite a lot of action for a Monday but it's not an ordinary day. A volatile first trading day of 2016 has seen the dollar rise and stock fall. Commodites have been mixed but mostly lower.
Yen was the only major currency that beat the dollar on this risk-off day. Offshore renminbi climbed to new multi year highs while PBOC set yuan reference rate to 6.5032 overnight.
阅读全文
翻译为 英语 显示原始
留言
Avatar

DAY 25 - PBOC REACTION

One day after a massive financial market selloff across the globe the PBOC finally reacted to investors concerns about its slowing economy and cut its benchmark interest rate by 25bp to 4.6% lending and 1.75% deposits while cutting the reserve requirement ratio by 50 basis points. Chinese authorities also lower the stamp tax on equity transactions in hopes of encouraging more investment into stocks. As a result we have seen some retracement in JPY and Commodity currencies.
However, another rete…
阅读全文
翻译为 英语 显示原始
留言
Avatar

PBOC devalues yuan for the third consecutive day

PBOC devalued yuan last night again, this time by 1.1% (vs. 1.9% on Tuesday and 1.6% on Wednesday). They said that the move is about transition to more market based approach to yuan pricing. That sounds good, but I think they don't mind that their currency weakened as a "side effect".
The pair (USD/CNH) found support around Tuesday's high (6.4350). Wednesday's pullback looks quite deep. It's not a classical one way market in this case but, with reference rate (fix) now at 6.4010, I think further…
阅读全文
翻译为 英语 显示原始
留言
Avatar

PBOC Indicates End of Devaluation

In a rare press conference, PBOC indicated last night that the Yuan is near its target rate, after devaluing for the third day in a row. This removed some uncertainty from the market that started to price in larger devaluation. Thus we saw the Yen reverse course, as this the Euro.
Unfortunately my short Euro was stopped yesterday around 1.1190. I assumed I was still in this trade because with 100:1 leverage you don't get stopped until you're 70-80 pips in the red on most brokers. Trying to work …
阅读全文
翻译为 英语 显示原始
留言
Avatar

China does it again

I had a very busy (non-trading) day today. I was away from charts all day, but I "knew" at least one big move will happen during that time. I expected Euro strength, but didn't quite expect Franc strength even though the pairs are related. What I didn't expect at all was that PBOC will follow up with another huge yuan reference rate adjustment so soon. I haven't checked the details yet, but it appears that yesterday's adjustment was not a one-off :-)
After rallying more than 3800 pips from the l…
阅读全文
翻译为 英语 显示原始
留言
Avatar

China devalues yuan

PBOC devalued yuan fix by the most on record (1.9%) overnight. The reference rate is now set at 6.2298, from 6.1162 previously. USD/CNH (offshore yuan) has so far rallied almost 1900 pips and is currently stalling ahead of 6.40 level.
PBOC officials said that this move is a one-off adjustment, but that appears unlikely as strong yuan is one of the main obstacles to Chinese exporters and devaluation will likely be needed if they wish to remain competitive. The move may also signal that they'll do…
阅读全文
翻译为 英语 显示原始
留言
Avatar

Aussie tests lower end of the range

Despite dovish comments from PBOC governor Zhou over the weekend, Aussie fell more than 100 pips yesterday. The decline stalled on the trendline that was broken last Friday, but the momentum of the move suggests that this may be just a temporary pause before further falls. Weekly Support 2 at 0.7618 and 0.76 level should lend it some support before cycle low at 0.7560.
阅读全文
翻译为 英语 显示原始
留言
Avatar

RENMINBI : A Planned Fall Of The Yuan?

China's currency is in the downward tumble. The Renminbi has lost one percent of its value. The Chinese currency has known only one direction: UP. But for about a week, the rate of the Renminbi (Yuan) against the US Dollar keeps falling. In contrast to other emerging markets. However, this is no capital flight, but a targeted intervention by the central bank PBOC.
The Renminbi is not fully convertible, it is under strict capital controls in the People's Republic. The PBOC is helpless. Any exper
阅读全文
翻译为 英语 显示原始
Skif avatar
Skif 2 3月

полезно , не знал

留言
Avatar

YUAN: Devaluation

China scares investors. The value of the Yuan has fallen sharply. The calculation behind is to get rid of speculators. To liberalize the exchange rate is the only alternative. Beijing is currently fighting against speculative capital and is trying to push the value of the Renminbi (Yuan). India, Brazil and other emerging economies suffer from massive capital outflow and try to stabilize their currencies.
China's central bank PBOC wants to discourage speculative capital. They have to cool
阅读全文
翻译为 英语 显示原始
留言
更多