Chinese central bank assistant Governor on the newswires

11 Responses to “Chinese central bank assistant Governor on the newswires”

1. Anthony on March 11th, 2010 23:48 GMT
   

   Hi Sean,

   Can you please explain the affect the Tokyo fix has on price action leading up to it? (I believe the actual time is 7:50 pm New York time, correct? If so, then soon, when we put our clocks ahead an hour, it will be 8:50 pm?).

   So, at this moment….6:45pm New York time, one hour before the fix….we have the Tokyo open in 15 minutes….what is the usual market effect from these 2 daily occurrences (session open and fixing time)? What should we be on the lookout for with regards to them both at around this time every day?

   Also, when you give order info. on large bids and offers…what happens if they aren’t hit? Do they just stay there indefinitely? Or do they usually pull them after a certain amount of time and look to put them out there again either A) at a more disadvantageous price as price moves away from their bid/offer, or B) or at or near the same area as the original order?

   Thank you for any info.
2. miloud on March 11th, 2010 23:49 GMT
   

   Hi Sean, been quit long time , how would it be the impact on the dollar in case china decided to rise rates ???
   thanks, good trade…
3. Sean Lee on March 12th, 2010 00:06 GMT
   

   G’day Miloud, Probably most impact would be on the AUD and related crosses which might get sold off. Logic being rising Chinese rates to slow growth and this might see some long AUD positions get a bit nervous. As for EUR/USD, cable etc, probably a bit lower as an initial reaction but shouldn’t have too much impact
4. simao4 on March 12th, 2010 00:18 GMT
   

   hello miloud and Sean , where are you from miloud?
5. lilac on March 12th, 2010 00:18 GMT
   

   Meant to give you this link last week, Sean, dunno if you’ve read it, it’s more than a month old now.

   http://www.bloomberg.com/apps/news?pid=20601068&sid=ahn8uHc.dmcc
6. lilac on March 12th, 2010 00:23 GMT
   

   And some even older stuff, always a good read huh.

   http://www.businessinsider.com/andy-xie-an-overwhelming-get-rich-quick-mentality-dooms-china-to-endless-bubbles-2010-1

   http://www.capital-chronicle.com/2010/01/imf-vs-andy-xie-multispeed-recovery-or.html

   Dunno why anyone would call him China’s Roubini – he’s such a sweetie
7. Sean Lee on March 12th, 2010 00:23 GMT
   

   Thanks Lilac. Yes Andy has been quite bearish on China for the last 6 months or so. I wish he could get his timing a little better!!
8. lilac on March 12th, 2010 00:33 GMT
   

   Couple more links above in the moderators’ pile, Sean, after you’ve done a Houdini with the strait jacket
9. hsbc on March 12th, 2010 01:19 GMT
   

   the rate hike is doubtful but thats my personal opinion. i really doubt that they want property price to fall
10. Ping on March 12th, 2010 02:25 GMT
    

    Sean,

    Let me ask a hypothetical question. Given Obama’s speech yesterday, how would Aussie react if China is labeled “currency manipulator” in April?

    Another hypothetical question, if RMB resumes its gradual appreciation against dollar, how would Aussie react? Aussie did rise against dollar, along with commodities, in 2007 and 2008, two years when RMB appreciated about 10%. What will happen this time?
11. Asian FX market wrap: very quiet market with tight ranges | ForexLive on March 12th, 2010 04:55 GMT
    [...] Speculation continues about possible Chinese rate rise [...]