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  • Editor’s Picks / 33 minutes ago

    China allows first foreigners into local interbank FX market

    The first batch of foreign central banks, sovereign wealth funds and international financial institutions have been registered to enter China's interbank foreign exchange market. This registration comes ahead of a highly-anticipated announcement by the International Monetary Fund on Monday that China's yuan may join its foreign exchange basket. The PBoC said that the institutions would be allowed to trade spot products, forwards, swaps, currency swaps and options in the country's domestic foreign exchange market.
    Read article on CNBC
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  • Article / 3 hours ago

    Fed's inflation target in sight

    Managing Director / Technical Research Limited
    New Zealand
    Fed's inflation target in sight
    US inflation readings are still low, but base effects are due to push it higher early next year. Below target inflation will be a 2015 story. However a continued USD rally will act as a drag on price rises. The CPI update is due to be released on December 15, which is the same day that the FOMC meets.
    Read the article
    Patto Patto
    Max, do you have a trade recommendation on the USD index ?
    Max McKegg Max McKegg
    don't trade the index Patto but use it trade the euro
  • Editor’s Picks / 4 hours ago

    Shale producers keep crude prices from gaining traction

    Nikkei Asian Review
    Crude oil looks like it may be heading for years of low prices. It will take time to soak up the current glut, and US shale producers show no signs of pulling out of the market. Many shale producers are resilient nonetheless, backed by financial institutions betting that demand will recover. Although global crude production is down from its June peak, producers have adjusted output far less than the market expected. Middle Eastern producers and Russia continue to pump more. Rather than geopolitical risk, market players are fretting over the possibility that demand for crude oil will weaken.
    Read article on Nikkei Asian Review
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  • Calendar event / Yesterday at 21:45 GMT

    NZ Overseas Merchandise Trade

    Low Trade Balance, Qtr (NZD)
    Low Trade Balance, 12-Mos (NZD)
    Low Exports (NZD)
    Low Imports (NZD)