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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

Yuan likely to consolidate, trade between 6.50-6.60 for now, advance further in medium-term: Scotiabank

Sep 19, 2017 07:38 am UTC| Commentary Economy

The Chinese yuan is expected to consolidate and trade between 6.50 and 6.60 for now and is expected to advance further in the medium term on account of the EURs potential strength and possible portfolio inflows to mainland...

Renminbi Series

FxWirePro: Chinese yuan gains on the back of higher than expected Caixin manufacturing PMI data

Aug 01, 2017 05:04 am UTC| Technicals

USD/CNY is currently trading around 6.7175 marks. It made intraday high at 6.7239 and low at 6.7150 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.7373 mark. A...

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...

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Economy

Bank Negara Malaysia likely to adopt two rate hikes of 25 bps each in 2018, says ANZ Research

Bank Negara Malaysia (BNM) is expected to adopt two rate hikes of 25 basis points each in 20108, with the first one in January 2018, according to a recent report from ANZ Research. The downside surprise to October...

UK gilts decline in muted trading session, reverse gains post Q3 GDP data

The UK gilts declined on the last trading day of the week amid a silent session that witnessed least data of any major economic significance, reversing all gains seen after the release of the third-quarter gross domestic...

German bunds slump after Ifo business climate index beats expectations in November

The German bunds slumped Friday after the countrys business climate index released by Ifo hit a new record-high during the month of November, also surpassing what markets had initially anticipated. The German 10-year...

Euro likely to extend further gains in 2018, says Canadian Imperial Bank

The common currency is expected to extend further gains going into 2018, according to a recent report from the Canadian Imperial Bank. On track to cut back asset purchases later this month, the ECB is now on the precipice...

New Zealand bonds close higher after imports hit record high in October, trade deficit widens

New Zealand government bonds closed higher on Friday after the countrys imports hit a record high in October. Also, rising expectations that the Reserve Bank of New Zealand is set to keep interest rates at record lows for...

Politics

Brexit: why Macron has more room to manoeuvre than May and Merkel

Despite the valiant efforts of both the EU and the UK to uphold confidence in the Brexit negotiations process, its clear the talks have been deeply unsatisfactory for both sides. Fundamental conflicts of interest and...

Why PR agencies and their spin should be the subject of greater scrutiny

It was one of the biggest and best-known British PR agencies around. So when Bell Pottinger came crashing down earlier this year, you could be forgiven for wondering why it hadnt prepared a better crisis strategy to deal...

Catalonia crisis: Spain enters unchartered territory following Madrid move to end autonomy

Shortly after Catalonias parliament in Barcelona voted to declare independence from Spain on October 27, the senate in Madrid voted to trigger Article 155 of the Spanish constitution, removing Catalonias autonomy. In...

China's ambition burns bright - with Xi Jinping firmly in charge

The most important political event of 2017, the 19th Chinese Communist Party Congress, has concluded. And while there was much to digest, one image above all stands out: Xi Jinpings political dominance and his burning...

Kuwait's economic interest in mediating the Qatar-Gulf crisis

A blockade against Qatar by its Gulf neighbours is now in its fifth month. Saudi Arabia, Bahrain, Egypt and the United Arab Emirates severed socio-economic ties with Qatar as punishment for its alleged support of terrorism...

Science

Drug Addiction Could Be Cured With Gene Therapy

The opioid addiction crisis gripping the U.S. is currently one of the biggest health issues plaguing the country. In many cases, opioid addicts turn to using heroin or methamphetamine in order to get high. In what could...

Cancer Patient Injected With Vaccine For The First Time

Cancer is one of the last remaining major illnesses that still does not have a vaccine, but human trials have finally begun to change all this. Moderna Therapeutics just injected a patient with a cancer vaccine for the...

New Zealand’s Plan To Weaponize CRISPR To Annihilate Pests Sparks Debate In Scientific Community

Its always the same story. Governments want to use science as a weapon of mass destruction, certain members of the scientific community speak up about the potential consequences, and the debates ensue. In the case of New...

Scientists Achieved Real-Time Gene Editing In Live Human Subject For The First Time

Gene editing is considered by many as the future of medicine. The potential uses attributed to the field range from curing all kinds of diseases to making humans practically invulnerable. For the first time, scientists...

Scientist Proves Brain Implant Can Improve Memory By 30%

These days, one of the hottest topics in the tech and medical industries is the matter of cybernetics or merging man with machine. A scientist has recently advanced this field by demonstrating how a brain implant can...

Technology

JPMorgan CEO Calls Bitcoin ‘Stupid’, Offers Bitcoin Trading Anyway

The CEO Of JPMorgan, Jamie Dimon has been quite vocal in his criticism of cryptocurrencies like Bitcoin. In fact, he has been known to threaten to fire employees who traded in cryptocurrency and called the market stupid....

Russia Finally Acknowledges Radiation Clouds Over Europe But Denies Responsibility

For months now, European monitoring agencies have been detecting radioactive clouds over several EU countries. These agencies have been speculating that these clouds may be coming from Russia. However, not only did Russia...

$35,000 Off-Road EV Has 555 Horsepower And More Torque Than A Tank

While Tesla might be the reigning king of both sports and sedan electric vehicles, its cars are not exactly suited to off-road driving. This is where the Nikola Powersports Nikola Zero UTV (Utility Task Vehicle) could make...

Hawaii Joins In Condemning EA And Loot Boxes, Wants To Block Battlefront II Sales

At this point, its safe to say that loot boxes and microtransactions are incredibly unpopular features in games with anyone except the publishers. Everyone from the gamers to developers, and now, even politicians hate the...

Valve To Make Steam ‘Review Bombing’ Toothless With New Changes

Reviews are meant to inform customers, which is why Valve opted to allow users on its digital distribution platform Steam to leave them on games and other products. However, it would seem that some people have found a way...
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November 24 15:30 UTC Released

USECRI Weekly Index*

Actual

145.6 %

Forecast

Previous

145.6 %

November 24 14:45 UTC Released

US1st Half-Mth Infl YY*

Actual

54.6 %

Forecast

Previous

54.6 %

November 27 09:00 UTC 36613661m

ITExport Prices*

Actual

Forecast

Previous

111 %

November 27 09:00 UTC 36613661m

ITImport Prices*

Actual

Forecast

Previous

116.1 %

November 27 14:00 UTC 39613961m

MXTrade Balance, $*

Actual

Forecast

Previous

-1.886 Bln USD

November 27 14:00 UTC 39613961m

MXTrade Balance SA*

Actual

Forecast

Previous

-1.559 Bln USD

November 27 15:30 UTC 40514051m

USDallas Fed mfg bus index

Actual

Forecast

Previous

27.6

November 27 21:00 UTC 43814381m

KRBOK Manufacturing BSI*

Actual

Forecast

Previous

87 Bln BRL

November 28 00:00 UTC 45614561m

BRCentral Govt Balance

Actual

Forecast

Previous

-22.725 Bln BRL

November 28 07:00 UTC 49814981m

DEGDP Growth QQ* Advance

Actual

Forecast

Previous

10.7 %

Close

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