Chinese yuan banknotes

PBoc Reserves Rise Again in July The latest data shows that PBoC FX reserves rose again in July, reaching around $3.1trln. Central banks in developed economies have been steadily adding to their reserves, which is a trend likely to develop further if the use continues its downward trajectory. Indeed, a downward trend in USD could see self-rein...

2017-08-09 James Harte Read more

For the past few weeks, things were calm in the Chinese economy, with only a few economic releases. However, this week, we will be waiting for new clues on where the economy is standing. Moreover, there were some notable moves in equities and the Chinese Yuan, which keep us questioning whether this move will continue or it's another short-term ...

2017-08-07 Nour Eldeen Al-Hammoury Read more
China

For the past few years, if you were following the business news bulletins anywhere in the world, you should have noticed that many were warning of the situation in China. The headline is almost the same everywhere “China’s slowing down”. In many occasions, many were blaming China, demanding for broader reforms. However, maybe they forgot somet...

2017-07-17 Nour Eldeen Al-Hammoury Read more
PBoC_China_2302

Rising Property Prices A Challenge For Monetary Policy Rising property prices in China have increasingly become a challenge for monetary policy. The PBoC’s Q4 2016 Monetary Policy Implementation Report released last Friday, showed that “curbing asset bubbles” has now been added to the traditional tasks of China’s monetary policy such as stabili...

2017-02-23 James Harte Read more
forex weekly forecast_China_economic

A new week with lack of fundamentals from Europe and the US. Yet, the market volatility increased ahead of the President Elect Donald Trump press conference later this week. However, the US Dollar lost some of its Friday’s gains, which seems to be a short term play ahead of the press conference. In Asia today, some economic figures were released...

2017-01-10 Nour Eldeen Al-Hammoury Read more
bitcoin crash

In the past few sessions, Bitcoin was on a skyrocket rising to a new record around $1133. However, things have changed quickly within the same time frame. Bitcoin crashed more than 20% during the same record high session, declining all the way back below $850, which raises a lot of questions. However, before going into the details and the possi...

2017-01-09 Nour Eldeen Al-Hammoury Read more
China's inflation_0803

China’s kicked off the year with positive economic releases, while its currency continued to decline further. The US Dollar also continued to rise across the board, while metals are stabilizing. Yet, Crude Oil added more than 1% in its first trading session of the year. In today’s article we will look at the Chinese and the UK data, what does it...

2017-01-03 Nour Eldeen Al-Hammoury Read more
forex weekly forecast_China_economic

After the shocking decision by the ECB yesterday, which decided to keep the rates stable, but unexpectedly decided to start tapering the QE from April to December, deducting 10B Euros from the current QE, the markets has stabilized and still digesting the ECB decision. During the Asian session, another important set of economic figures came out...

2016-12-09 Nour Eldeen Al-Hammoury Read more
Yi Gang_PBOC_CNY_3011

PBOC Vice President  Yi Gang; Image via World Economic Forum PBOC Officials In Support Of CNY Despite recent suggestions that the Chinese government will allow a more accelerated pace of CNY depreciation, most notably from Yu Yongding, recent statements from the PBoC instead continue to reaffirm a preference for a managed and gradual depreci...

2016-11-30 James Harte Read more
China's economy Great Hall

The Chinese Trade Balance was released during the early morning hours today, showing some mixed data. However, the impact has been muted as it’s the election day in the US; therefore, today’s economic releases are more likely to be overshadowed by the election developments. Definitions Trade Balance: This figure calculates the difference...

2016-11-08 Nour Eldeen Al-Hammoury Read more