- will also promote yuan capital account converibility
- some central banks now include yuan in fx reserves
- yuan now 7th largest reserve ccy
- yuan internalization will develop
PBOC dep gov Hu on the wires from website statement
Currently 1.6093 after opening above 1.6100 but on the retreat from 1.6120
Sellers 1.6110 1.6120-25 1.6150-60 1.6180 1.6200-10 1.6225 1.6240-50
Buyers 1.6075 1.6050 1.6035 1.6020-25 1.6000 1.5975-85 1.5950 1.5925-35 1.5900
Yes folks, another day another week and another 5 days of fun ‘n’ games ahead of us
So what have you got lined up? What’s hot and what’s not after last week’s price actions?
Share your trading ideas and observations here
Jose Manuel Barroso the outgoing president of the European Commission said yesterday that the UK would have “zero” influence if it voted to leave the EU
He added that Britain could not negotiate with the US and China “on an equal footing” on its own.He also said free movement of people within the EU was an “essential” principle that could not be changed.
UK Conservative Party chairman Grant Shapps said Mr Barroso was “out of touch” and an “unelected bureaucrat”
Speaking on the BBC’s Andrew Marr Show, Mr Barroso, whose term of office ends this month, said he believed Mr Cameron wanted Britain to remain in the EU.
“Britain is stronger in the European Union,” Mr Barroso said, pointing to the Ebola crisis as an area where Britain would not have the same level of influence if it was outside the EU.
Warning shots across the bows from Barroso before he heads into the sunset of oblivion
The BBC has more here
The pressure continues
Bund futures up 4 at 150.68
A late burst for the line and new session highs leaves USDJPY less than impressed
Nothing to see here. EURUSD 1.2756
Good day everyone and I trust you all had a great week-end
After last week’s volatility we can hope for more this week as market feathers still remain somewhat ruffled
Data wise it’s a quiet session but that didn’t stop some decent price action last week
Have a good session and a great week
Times GMT+1 (UK)
Noticeable declines but USDJPY unfazed at 107.26
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