PBOC tightens access to liquidity and removes the excess after record cash injection on the eve of the Chinese New Year.
Investors are desperately trying to predict his next move to price in the markets. Breaking up the trade ties and threatening with high import taxes Trump hopes to gain submission of several trade partners like Canada and Mexico
The Oil drops as Iran boosts market share, meanwhile Chinese stocks have a good start to the week, as the Pound drops hard.
Dollar starts to decline, as FOMC Minutes had nothing new for the investors. On the other hand Rouble breaks a new level that hasn´t been seen since 2015.
The FED lifts the interest rate, sending Dollar for a new relentless rally.The emerging markets and safe heavens are out of favour.
The Dollar slides ahead of the FED, employment in the UK drops the first time in a year.
The Chinese shares close in red on Friday, as the Chinese Vanke real estate sector stayed in green.
Chinese stocks closed lower than expected, but this was a growth from previous weeks. At the same time, we can see that the financial sector posted the biggest gains.
Yuan fell to its lowest level in six years against the US dollar after the People’s Bank sharply lowered the reference rate by 0.37% to a 6.7558 level
The Crude oil pulled back away from the resistance zone of 51.20-22.00 and is now about to head South after Gold. The gold and “Black Gold” are forming interesting patterns today.
The Chinese economy tries to become a lot more independent, but it adds a lot of pressure to the market. Growth has been on a standstill multiple quarters now.