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Over the past decade, China has emerged as global superpower of economics and Geo-politics. Chinese currency Yuan has emerged as top contender to Challenge global dominance of Dollar. This year in Yuan might join International Monetary Fund’s (IMF) Special Drawing Rights (SDR) basket, strengthening Yuan’s position as global reserve currency. In this series, we discuss about China, its politics, economics, and vulnerabilities with a view of Renminbi.

Renminbi Series

Renminbi Series: China’s economic recovery gathers pace

Jul 17, 2017 05:10 am UTC| Commentary

Chinas economy is humming strongly and the signs of a recovery are becoming more broad-based. According to latest data from the National Bureau of Statistics (NBS), Chinas GDP grew by 6.9 percent in the second quarter,...

Renminbi Series

Renminbi Series: House prices in China cools for 6th consecutive month

Jun 19, 2017 03:42 am UTC| Commentary

The price to purchase a new house in Chinas major cities cooled further in May as the year on year growth declined for the six consecutive months. The year on year growth decorated for the sixth consecutive month since its...

Renminbi Series

Renminbi Series: China’s forex reserve swells to highest level in 2017

Jun 07, 2017 08:42 am UTC| Commentary

China, which has the biggest foreign exchange reserve in the world, registered a fourth consecutive monthly increase in the reserve according to data released by Peoples Bank of China (PBoC) today. Chinas foreign exchange...

Renminbi Series

FxWirePro: Chinese yaun strengthens as China’s CAIXIN services PMI rises to 4-month high

Jun 05, 2017 02:25 am UTC| Technicals

USD/CNY is currently trading around 6.8038 marks. It made intraday high at 6.8116 and low at 6.7962 levels. Intraday bias remains bearish for the moment. A sustained close above 6.8084 marks will test key resistances...

Renminbi Series

Yuan likely to remain relatively steady in the months ahead, says Scotiabank

May 25, 2017 05:19 am UTC| Commentary Economy

The yuan is expected to remain relatively steady in the months ahead, while other EM Asian currencies could see continued portfolio inflows as long as US political turmoil stabilises. In addition, Chinas onshore yuan...

Renminbi Series

FxWirePro: USD/CNY hits fresh 3-week low at 6.8879 mark, PBOC sets yuan mid-point at 6.8790

May 16, 2017 07:38 am UTC| Technicals

USD/CNY is currently trading around 6.8917 marks. It made intraday high at 6.8937 and low at 6.8879 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 6.9000 marks. ...

Renminbi Series

Chinese yuan likely to remain relatively stable in near-term, to face some headwinds in H2: Scotiabank

May 02, 2017 08:22 am UTC| Commentary Economy

The yuan is expected to remain relatively steady amid tightened liquidity conditions in the months ahead. However, it will likely face some headwinds in the second half of the year as Chinas economic growth may slow...

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Economy

U.S. Treasuries gain on short-covering amid muted trading session

The U.S. Treasuries jumped in an uneventful day with no economic data of note due for release. The yield on the benchmark 10-year Treasury, slumped 2-1/2 basis points to 2.24 percent, the super-long 30-year bond yields...

UK gilts tad higher in silent trading; investors eye Q2 GDP next week

The UK gilts traded tad higher Friday ahead of the countrys Q2 gross domestic product (GDP), scheduled for release early next week amid a silent trading session that witnessed data of little economic significance. The...

FxWirePro: Recession in US still far-fetched idea

There are many indicators like PMI reports, jobs reports, inflation, industrial output, business sales etc. that we take a look into in determining whether the US economy is slowing down and heading for a recession but...

Eurozone periphery bonds jump ahead of benchmark German manufacturing PMI

The Eurozone periphery bonds jumped as investors wait to watch the benchmark Germanys manufacturing PMI, scheduled for release early next week. The benchmark German 10-year bond yields, which moves inversely to its...

Bank Indonesia unlikely to change current monetary policy stance thorough 2017, says ANZ Research

Bank Indonesia (BI) is expected not to change its current monetary policy stance through 2017 and is keen to preserve the on-going stability in the bond and FX markets. The central banks decision to remain on hold in its...

Politics

Law expert: where the Brexit battles over the Repeal Bill will be fought in parliament

The most important national law governing the Brexit process has been tabled before parliament by the UK government. The proposed European Union (Withdrawal) Bill previously known as the Great Repeal Bill is likely to...

Modi's polarising populism makes a fiction of a secular, democratic India

After Donald Trump was sworn in as US president, The Times of India published a piece titled Why both Modi and Trump are textbook populists. Citing Jan-Werner Mllers What is Populism?, the journalist, Amit Varma, was...

Politicians jeopardise the safety of whistleblowers with bad technology

The Western Australian Liberal Party has created a website, www.wawhistleblowers.com, encouraging whistleblowers to report on WA public officers, government ministers and members of parliament. The site has already been...

Malawi set out to give students skills to support democracy. But it's not been easy

Like many other countries, Malawi was caught in the wave of democratic change that swept sub-Saharan Africa in the early 1990s. The wave was triggered by the fall of communism along with military and civilian dictatorships...

US under Trump Series: Donald Trump Jr. may be called to testify before Senate over his meeting with Russian lawyer

President Trump eldest son Donald Trump Jr. might be called upon by the Senate Intelligence Committee to question about a meeting that took place in June 2016 at the Trump Tower between Trump Jr., President Trumps...

Science

Scientists Create Material 5x Stronger Than Steel And Soft As Rubber

Researchers in Japan recently succeeded in creating a soft and flexible material that is five times stronger than steel but feels like rubber. Such a material could have numerous applications including the development of...

Scientists Create Super Spinach That Can Function As Bomb Detector

For the most part, the leafy green spinach has only ever been super in the animated classic Popeye the Sailor Man when the quirky main character would down a whole can of the leaves to gain strength. Recently, scientists...

The Most Advanced Artificial Heart Can Perform As Well As A Real One

Scientists have been trying to create artificial versions of human organs for decades, be it the liver, skin, eyes, and above all, the heart. These efforts are aimed at solving one of the biggest challenges in the medical...

93% Of Patients Prefer Medical Marijuana To Opioids, Study Says

For years, medical marijuana was the only means of people to legally acquire a batch of cannabinoids. It was used by folks who suffered from actual medical problems and those who just preferred to get high alike. In a...

Google Subsidiary Wants To Eliminate Zika Virus By Releasing 20 Million Mosquitos

Fighting fire with fire is a phrase that many have used over the years to indicate the intent to answer aggression with the same. A Google subsidiary called Verily is taking the concept a step further with its goal of...

Technology

Musk Announced New York To D.C. Hyperloop Given The Go-Ahead

In case there was any doubt that Elon Musk can do the impossible, the Tesla boss recently announced via Twitter that he received a verbal green light regarding plans to create a Hyperloop connection from New York to...

Nintendo N64 Classic Could Be Coming, Trademark Filings Indicate

The SNES Classic isnt even out yet and already, there are indications that Nintendo could be producing N64 Classics down the road. This is what publications are interpreting from trademark filings that the company recently...

Crash Bandicoot: N.Sane Trilogy Is Offering A Free Previously Unreleased Level, Limited Time Offer

The Crash Bandicoot franchise has been around for a long time but it seems the original games still had content that players never got to try. One previously unreleased level is actually on offer right now for free, but...

It Could Fail, Elon Musk Dampens Expectations Regarding Falcon Heavy Launch

SpaceX is set to launch its Falcon Heavy rocket, the much bigger brother to the Falcon 9 soon, but the companys CEO is already trying to dampen expectations. According to Elon Musk himself, the launch could end up as a...

YouTube Finally Gets Serious About ISIS Recruitment On The Platform, It’s About Time

While it might sound odd that YouTube, one of the biggest and most influential video sharing platforms in the world has not exactly stamped out ISIS recruitment videos yet, this is exactly the case. Somehow, there are...
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July 21 14:30 UTC Released

USECRI Weekly Annualized*

Actual

144.8 %

Forecast

Previous

2.4 %

July 21 14:30 UTC Released

USECRI Weekly Index*

Actual

2.6 %

Forecast

Previous

143.9 %

July 24 00:30 UTC 15511551m

JPForeign Direct Investm't*

Actual

Forecast

Previous

52.4 bln $

July 24 07:00 UTC 19411941m

FRMarkit Serv Flash PMI

Actual

Forecast

56.7 %

Previous

56.9 %

July 24 07:00 UTC 19411941m

FRMarkit Mfg Flash PMI

Actual

Forecast

54.6 %

Previous

54.8 %

July 24 07:00 UTC 19411941m

FRMarkit Comp Flash PMI

Actual

Forecast

56.4 %

Previous

56.6 %

July 24 07:30 UTC 19711971m

DEMarkit Service Flash PMI

Actual

Forecast

54.3

Previous

54.0

July 24 07:30 UTC 19711971m

DEMarkit Mfg Flash PMI

Actual

Forecast

59.2

Previous

59.6

July 24 07:30 UTC 19711971m

DEMarkit Comp Flash PMI

Actual

Forecast

56.3

Previous

56.4

July 24 08:00 UTC 20012001m

RUMarkit Mfg Flash PMI

Actual

Forecast

57.2 %

Previous

57.4 %

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