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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

New Zealand bonds gain at close on loss of investor appetite despite ruling National Party’s lead at latest polls

The New Zealand bonds gained at the time of closing Thursday as investors poured into safe-haven instruments, away from riskier equities and oil, despite the ruling National Party gaining traction in the latest NZ election...

Malaysia CPI inflation surprisingly rises in August, owing to higher oil prices

Malaysias consumer price-led inflation index (CPI) for the month of August surprised on the upside after four consecutive months of decline, headline CPI inflation picked up in August to register 3.7 percent y/y, from 3.2...

JGBs remain little changed after BoJ stands pat on monetary policy decision

The Japanese government bonds remained little changed Thursday after the Bank of Japan kept monetary policy steady on Thursday and maintained its upbeat view of the economy, signaling its conviction that a solid recovery...

Australian bonds plunge following weakness in U.S. treasuries; RBA Governor Lowe's speech in focus

The Australian bonds plunged Thursday, following weakness in the U.S. counterpart after the Federal Reserve announced its policy decision yesterday, announcing that it will begin its balance sheet normalization next month....

RBA likely to adopt tightening policy by 50 bps in 2018, says ANZ Research

The Reserve Bank of Australia (RBA) is expected to adopt a tightening monetary policy in 2018 is boosted by the hawkish shift in the RBAs language. This would reverse the rate cuts of 2016 and take the real cash back to...

Politics

Undocumented youth divided over how to fight back against Trump immigration clampdown

Young immigrants from across the US participated in the first act of civil disobedience by undocumented youth under the Trump administration on July 26 in Texas. After protesters sat in the street outside the state capitol...

India at 70: after the celebrations, single-party dominance menaces democracy

Seventy years ago, Jawaharlal Nehrus famous Tryst with Destiny speech not only marked Indias independence from British rule but also expressed the vision for a united, democratic, egalitarian and modern country. Not...

Can corporate America afford to walk away from President Trump?

After campaigning as the candidate best able to work with business, President Donald Trump has shown he is anything but. A stream of resignations from high-level business counsels hit a crescendo recently when Trump was...

Little prospect of regime change in Russia short of a popular uprising – and that's unlikely

Vladimir Putins power in Russia can often look unassailable. However much Western media might champion potential opponents, the president maintains a tight grip, and its easy to see why. Any successor to Putin who was not...

Warning signs of mass violence – in the US?

There are those who say that comparing President Donald Trumps rhetoric to that of Adolf Hitler is alarmist, unfair and counterproductive. And yet, there has been no dearth of such comparisons since the 2016...

Science

Scientists Create Robots The Size Of DNA Strands That Can Rearrange Molecules

Robots are great for a lot of things and can perform functions that humans would either have a hard time accomplishing or simply would not be able to do. Among the latter case is rearranging the molecules of a living...

China Signs Deal With Israel Over Lab-Grown Meat, Food For The Future

With the world facing the global crisis known as climate change, most countries are doing whatever they can to reduce carbon emissions. However, one of the biggest contributing factors to greenhouse gasses that is rarely...

Denmark Finally Sells Last Oil Company For $7.45 Billion

As a country committed to fighting climate change and reducing its carbon footprint, Denmark is finally selling off the last remaining oil company in the country. The oil firms were owned by A.P. Moller-Maersk A/S and the...

Trump’s Pick For NASA Head Is Not A Scientist And A Prominent Climate Change Denier

The Trump administration has proven to be incompetent in filling crucial roles with qualified people, evidenced by an anti-EPA EPA head and an anti-DOE head of DOE. Now, the president has nominated a non-scientist who is...

Scientists Can Now Bioengineer Lungs, Reducing Potential Deaths Due To Organ Shortage

At this point, its no secret that being placed on the organ transplant list is no guarantee of survival if patients are in need of a new heart, or liver, or lung. One of the ways that this problem can be solved is by...

Technology

Electric Bus Breaks World Record In Long Distance Driving In A Single Charge, 1,100 Miles

Range is the biggest problem that most people have when it comes to electric vehicles, but as one company that made an electric bus just proved, this is really not an issue. Packing some really big batteries, a bus by a...

Nintendo Finally Issues Take Down For Super Mario 64 Online

Well, it was only a matter of time and it seems Nintendo has finally noticed the Super Mario 64 Online mod. As expected, the video game giant has issued a takedown notice to the people behind the project, which it has done...

Hidden Switch NES Golf Is Apparently A Tribute To Late Video Game Legend Satoru Iwata

Recently, reports of the Nintendo Switch having a hidden NES Golf game in its codes started circulating. At the time, it was thought to be a fun little detail in a console thats simply rocking the industry with its...

Apple Intentionally Makes iPhones Vulnerable To Hacking With iOS 11

With the tech world constantly being besieged by hacking threats at every single moment of every day, users expect companies like Apple to make them safer, not more vulnerable. However, it would seem that the Cupertino...

HTC Suspends Trading Amid Google Acquisition Rumors

HTC just suspended trading of its stocks in the Taiwan Stock Exchange, which is reportedly due to the matter of Googles impending acquisition of the company. Neither company has yet to confirm if this is actually...
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September 21 08:30 UTC Released

GBPSNCR, MM GBP

Actual

0.037 Bln GBP

Forecast

Previous

-3.912 Bln GBP

September 21 08:30 UTC Released

GBPSNB, MM GBP

Actual

5.093 Bln GBP

Forecast

Previous

-0.76 Bln GBP

September 21 12:00 UTC 196196m

BRIPCA-15 Mid-Month CPI

Actual

Forecast

0.15 %

Previous

0.35 %

September 21 12:00 UTC 196196m

BRIPCA-15 Mid-Month CPI YY*

Actual

Forecast

2.60 %

Previous

2.68 %

September 21 12:30 UTC 226226m

CAWholesale Trade MM

Actual

Forecast

-0.9 %

Previous

-0.5 %

September 21 12:30 UTC 226226m

USInitial Jobless Claims

Actual

Forecast

300 k

Previous

284 k

September 21 12:30 UTC 226226m

USJobless Claims 4-Wk Avg

Actual

Forecast

Previous

263.25 k

September 21 12:30 UTC 226226m

USContinued Jobless Claims*

Actual

Forecast

1.975 mln

Previous

1.944 mln

September 21 12:30 UTC 226226m

USPhilly Fed Business Indx

Actual

Forecast

17.2 %

Previous

18.9 %

September 21 12:30 UTC 226226m

USPhilly Fed 6M Index

Actual

Forecast

Previous

42.3 bln

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