Australian markets off
Tuesday, 19 April 2011 10:33
All Ord’s and ASX 200 both fell around 1.5 % to close at 4,874 and 4,793 with the mining and energy sectors hit the most
Read MoreCNY NDF and CNH Markets
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 […]
Read MoreFinnish elections might cause Euro to ‘panic’
Monday, 18 April 2011 11:38
Finnish elections were completed over the weekend. Three types of parties were in action, as follows: The True Finns (anti-euro) placed third collecting 19% of the votes. The ones critical of the Portuguese aid package but yet supportive of the euro (Social Democrats) assembled 19.1% and the National Coalition Party with 20.4%. As previously mentioned Finland is a one of a kind on Europe as the only country with the Parliament that votes on EU inquiries for bailout funds. Finland could vote and veto against the aid package for Portugal, which could delay provisioning in funds and ‘panic’ the EUR.
Read MoreCrude is trading off slightly
Friday, 15 April 2011 04:51
Crude is trading off slightly in early US trading off the back of a weaker dollar. Benchmark crude was down 22 cents at $107 on the NYMEX at time of writing.
Read MoreChina’s FX reserves in March
Friday, 15 April 2011 07:37
China’s FX reserves in March have hit the 3 trillion level for the first time. This could be seen as a symbol of China’s strength and growth yet it really shows how undervalued the Yuan is and how inflation could be seriously out of control.
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