paris, yes the yuan is pegged but any easing they do lifts other currencies. its stopped the rot for the euro and other as well. i dont think you can make a case for the yuan being overvalued, but they wont like depreciations elsewhere across the globe as you say.
london red 11:00:14 GMT - 11/21/2014
and thats what makes a mkt folks!
Paris ib 10:57:48 GMT - 11/21/2014
In the sense that if China is in trouble and needs to cut rates then Australia is in trouble. Agreed. But right now the market is expecting this rate cut in China to fix China. Ha ha.
HK Kevin 10:55:46 GMT - 11/21/2014
China rate cute is a negative signal for AUD
london red 10:55:30 GMT - 11/21/2014
aussie support 80/85 if cant hold then its all over.
Paris ib 10:51:50 GMT - 11/21/2014
U.S. Treasuries not liking this. Why?
Paris ib 10:50:58 GMT - 11/21/2014
China is pegged to the USD. Unless they break their peg the drop in interest rates isn't going to achieve all that much if this is a currency war. I would think that the USD/JPY is their greatest concern. Draghi hasn't done or said much. And the EUR/USD is down a bit but off it's recent lows. The USD/JPY is at seven year highs or therabouts.
london red 10:48:36 GMT - 11/21/2014
not sure they are working together, but seems china not too happy about them jawboning euro lower either.
Paris ib 10:43:35 GMT - 11/21/2014
No this looks a bit co-ordinated. I guess they would have know that Draghi would have been dovish. So maybe they picked their moment. Stocks are going to go ballistic. At least in the Euro Zone.
london red 10:41:53 GMT - 11/21/2014
aussie short 55-60 stop over 80. if seen.
straight after draghi comments. a coincidence?
Paris ib 10:41:18 GMT - 11/21/2014
Yeah Australia has hitched it's wagon to China.
GVI Forex10:39:18 GMT - 11/21/2014
Look at AUD teaction
Paris ib 10:38:08 GMT - 11/21/2014
The China response to the Japanese devaluation. This isn't over.
Paris ib 10:35:56 GMT - 11/21/2014
Are the looking to devalue? Stocks are loving this. More records in the U.S., European stocks powering ahead.
london red 10:33:50 GMT - 11/21/2014
china just cut rates
GVI Forex john 10:13:19 GMT - 11/21/2014
21 November-- 10:00 GMT- Current Market Conditions:
ECB President Draghi reiterated today that the Central bank is
prepared to take action as needed. His supportive words have markets
heading into the weekend in a MIXED
with equity values generally higher, but bond yields broadly lower..
Normally the two have an inverse relationship since the two
compete with one another for investor demand. Canadian CPI figures are
the only key data today. ECB President Draghi reiterated that the
Central bank is prepared to take action as needed.
the Far East, equities ended mostly higher.10-yr JGB yields fell.
European bourses are broadly higher at this hour. 10-yr
bund and UK Gilt
yields are lower. European peripheral bond yields are
The U.S 10-yr note yield is down.
U.S. share futures are up.
heat map color scheme of interest rates reflects yields.
Actionable trading levels delivered LIVE to YOUR charts
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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