Posts Tagged ‘HSBC flash manufacturing PMI’

Yuan Traders Benefiting from PBOC’s Volatility Push

by Christopher Lemieuxon June 2, 2014 8:54 pm GMT
Hong Kong traders are benefiting from the increased volatility in the offshore yuan, as the People’s Bank of China (PBOC) allows more market interaction with the Chinese currency. According to Kenneth Lau, head of rates at Standard Chartered-Hong Kong, said that the average daily turnover of spot, forwards and swaps in the yuan now exceed […]

Copper Futures Higher in Early Trade on Inventories, Six-Year Low

by Christopher Lemieuxon May 26, 2014 8:57 am GMT
Copper futures start the week higher for the third consecutive day on inventory data complied by metal exchanges in London. Refined-copper inventories declined to 282,645 tons last week, which marks the lowest level since 2008. Copper reserves tracked by the Shanghai Futures Exchange (SHFE) dropped 4.5 percent to 92,652 tons, nearing December 2011 lows. According to […]

USDCNH Technical Outlook Ahead of HSBC Flash Manufacturing PMI

by Christopher Lemieuxon April 21, 2014 1:48 am GMT
Yuan is off recent lows, but concern about a continued slowdown has caused the People’s Bank of China (PBOC) to weaken the reference rate. The currency has sank significantly against the greenback as growth expansion concerns linger. “The yuan is under pressure to weaken amid concern about the Chinese growth,” said Tsutomu Soma, fixed-income at […]

Mixed Data and Fed Taper Prop Dollar Higher

by Christopher Lemieuxon April 21, 2014 1:47 am GMT
The dollar has been able to regain most of the sell-off after a less hawkish Fed chairwomen Janet Yellen promised low interest rates for a significant period of time. This is not generally positive for the dollar, but it continues to fuel the asset bubbles that help prop up the greenback. Last week’s data was […]