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  • Editor’s Picks / Yesterday at 10:46 GMT

    Shanghai index swerves central bank move

    CNBC
    People's Bank of China governor Zhou Xiaochua is clearly a keen disciple of Alan Greenspan and Ben Bernanke if this weekend's move to bolster the country's beleaguered stock is anything to go by, says Ansuya Harjani. However, if the cuts in the benchmark one-year lending and deposit rates by 25 bps to 4.85% and 2% respectively were meant to stem the flow of money out of the Shanghai Composite index and calm markets, it did not work as the index fell yet again during the Asia session to take the current correction to near 20% since the June 12 peak. With each successive intervention, it appears the bank's hopes for stability are becoming more and more desperate.
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  • Article / Sunday at 22:44 GMT

    KVP's Macro Take: Massive risk-off as we step into the abyss?

    Asia Macro Strategist / Saxo Capital Markets
    Singapore
    KVP's Macro Take: Massive risk-off as we step into the abyss?
    Eurozone equities are at an even more elevated level than last week following the latest news surrounding Greece. Until the situation is resolved or comes to a conclusion, nothing really stands out from a taking-risk perspective. Meanwhile, China's shares have pulled back 20% from their recent highs and on Saturday the government provided interest rate and selective RRR cuts.
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  • Article / Friday at 14:30 GMT

    FX4 Next Week: EURUSD downside could resume

    Head of FX Strategy / Saxo Bank
    Denmark
    FX4 Next Week: EURUSD downside could resume
    If Greece does actually move towards a resolution, then this could reverberate through EURUSD and EURCAD. Elsewhere, sterling might fancy a go at its Aussie counterpart just in time for the start of the Ashes, and AUD also looks vulnerable against the greenback.
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  • Article / Friday at 11:00 GMT

    FX Noon: Bubble, bubble, toil and trouble

    Director / Accumen Management
    United Kingdom
    FX Noon: Bubble, bubble, toil and trouble
    It's all about Greece these days, except when it's about China. Last night saw the Shanghai Composite plunge, sparking fears of a bursting bubble in what is by some measures the world's largest economy. Athens, however, is still providing the most direction, or rather the most lack thereof.
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  • Article / Friday at 7:48 GMT

    FX Update: Market a bundle of nerves

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: Market a bundle of nerves
    This weekend’s negotiations between Greece and its creditors look like the real zero hour for the country as the IMF payment deadline looms next Tuesday. Deal or no deal (or is there a third option: bridge financing and another month of talks)?
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    4d
    Bricx Bricx
    This comment has been redacted
  • Editor’s Picks / Friday at 4:58 GMT

    China's savers set to change the world

    Bloomberg
    Few events will be as significant for the world in the next 15 years as China opening its capital borders, a shift that economists and regulators across the world are now starting to grapple with. Bloomberg writes with China’s leadership aiming to scale back the role of investment in the domestic economy, the nation’s surfeit of savings – deposits currently stand at $21 trillion – will increasingly need to be deployed overseas. That’s also becoming easier, as Premier Li Keqiang relaxes capital-flow regulations.
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    4d
    Bricx Bricx
    This comment has been redacted
  • Article / Friday at 3:54 GMT

    BoJ happy to talk, just not about easing

    Managing Director / Technical Research Limited
    New Zealand
    Japan's CPI came in at 0.1%, and the 2% target remains elusive. A recent report from the IMF states that the BoJ needs to stand ready for further easing and provide stronger guidance to markets. While there is no indication, the BoJ agrees with the former advice, it has adopted the second and will now release forecasts for economic activity and inflation on a quarterly basis rather than semi-annually.
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  • Article / Thursday at 14:46 GMT

    Only the ECB is keeping Greek banks open

    Managing Partner / Spotlight Group
    United Kingdom
    Only the ECB is keeping Greek banks open
    As the Greek talks head down to the wire and well past it, the only thing keeping Greece's banks open is ECB-provided liquidity assistance. But will discussion of the ELA programme's proper use expose further faultlines in the negotiations?
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    4d
    vanita vanita
    I should buy eurusd and at the same time buy usdcad for NFP data.
    What's ur advice Steve or suggest me some trade for non-farm payroll nxt week.
    And...
    4d
    Stephen Pope Stephen Pope
    I am not a buyer of EURUSD...if you read my analysis I explain that if there is no deal it be chaotic for the Euro. If...
    3d
    vanita vanita
    Thanxs steve