CNY NDF and CNH Markets

Last Updated on Wednesday, 20 April 2011 01:53 Written by BingoEnt Tuesday, 19 April 2011 07:22

USDCNY fix come out only slightly higher than the historical low on Friday. Chinese names are the main the buyers mainly due to lack of offers when Euroland went into a spin. Most traders prefer the carry and will sell into the rally in 1yr between 6.3900 and 6.4000 given the chance of more tightening measures […]

Asian Markets off

Last Updated on Wednesday, 20 April 2011 01:53 Written by BingoEnt Tuesday, 19 April 2011 07:07

After the EU and US markets getting hit yesterday there was little chance the Asian markets would not suffer the same consequence.

US Bond Market Update

Last Updated on Wednesday, 20 April 2011 01:53 Written by BingoEnt Tuesday, 19 April 2011 06:53

The US bond market treasury yield curve has steepened with long-term rates rising and short-term rates falling after the S&P announcement which will certainly worry holders of US dollars.

US Commodity Markets

Last Updated on Wednesday, 20 April 2011 01:53 Written by BingoEnt Tuesday, 19 April 2011 06:33

Oil fell for the first time in four days in NY after Saudi Arabia the world’s biggest crude exporter, said the global market has enough supplies to meet demand

US Market Close

Last Updated on Wednesday, 20 April 2011 01:53 Written by BingoEnt Monday, 18 April 2011 11:57

US markets edged their way up from session lows yet still settled losses in the 1% range. Initially weakness was the result of debt issues in Eurolands markets and the US opened trade sharply lower.

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