Day: July 24, 2018

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  Heads up for the PBOC setting today's CNY reference rate; more depreciation?

  Will the People's Bank of China send the onshore yuan lower again today, depreciating it further? Société Générale says whether or not the depreciation is[...]
  2018-07-24 22:10:47

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  PBOC sets USD/ CNY reference rate for today at 6.7671 (vs. yesterday at 6.7066)

  I'm already seeing bank research calling USD/CNY above 7   Some of it well above, 7.1, 7.2 ….. yikes.  If that starts to be believed[...]
  2018-07-24 22:10:47

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  Checking in on the yuan against its basket. It is … (have a guess), yep lower ;-)

  The yuan (onshore, USD/CNY) was by the PBOC today, the (more) set much lower CNH took a cue and has since plunged For the basket,[...]
  2018-07-24 22:10:47

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  BOE's Tenreyro says data shows that Q1 slowdown was temporary

  BOE's Silvana Tenreryro comments in an interview with the Evening Standard - Recent economic data confirms that the soft patch in Q1 was snow-related -[...]
  2018-07-24 22:10:47

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  Fed's Bullard: Imminent yield curve inversion is a real possibility

  Bullard in Kentucky Nothing new from Bullard. ForexLive
  2018-07-24 22:10:47

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  French Flash Services PMI: 55.3 v 55.7 expected and 55.9 previous

  Headline miss Reaction to come. ForexLive
  2018-07-24 19:31:04

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  Iranian foreign ministry fires back at the US

  Pun not intended Fresh comments coming out of Iran are hitting the wires: "Iran will respond with equal countermeasures if America attempts to block its[...]
  2018-07-24 19:31:04

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  German Flash Manufacturing PMI: 57.3 v 55.5 expected and 55.9 previous

  Headline beat Reaction to come. ForexLive
  2018-07-24 19:31:04

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  German Flash Services PMI: 54.4 v 54.6 expected and 54.5 previous

  Headline miss Reaction to come. ForexLive
  2018-07-24 19:31:04

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  Mixed PMIs from France and Germany sparking rallies

  Looks like markets jostling Lots of mixed headline numbers here: Check out the Euro and Cable charts below for initial reactions, pushing back up into[...]
  2018-07-24 19:31:04

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