GERMAN TAKES THE STEP 

Germany’s central bank has decided to include the Chinese yuan in its own reserves, in a further boost to the international status of the currency. Speaking at an event in Hong Kong on Monday, Bundesbank board member Andreas Dombret said the decision was taken last year following an investment of 500 million euros ($611 million) by the European Central Bank, of which the German authority is a part. He said he wouldn’t comment on the amount that would be allocated. “The renminbi is used increasingly as part of central banks’ foreign-exchange reserves — for example, the ECB included the RMB but also other European central banks did so,” Dombret said during a speech in Hong Kong Monday. Read More @ https://www.bloombergquint.com/global-economics/2018/01/15/bundesbank-to-include-yuan-in-currency-reserves-dombret-says

CHINA GOES BEYOND – China Vows to Toughen Rules on $38 Trillion Banking Industry

China’s banking regulator pledged to continue its crackdown on malpractice in the $38 trillion industry in 2018, vowing to tackle everything from poor corporate governance and violation of lending policies to cross-holdings of risky financial products.

The China Banking Regulatory Commission unveiled its regulatory priorities for the year in a statement on Saturday. They include:

ABE – DOES THE TRICK AGAIN AND KEEP THE SPECULATORS AWAY FROM JPY.

Bank of Japan (BOJ) governor, while speaking at Bank branch managers meeting, said-  Will keep QQE with YCC (yield curve control) as long as needed to achieve the 2 percent inflation target.  Japanese economy likely to continue expanding moderately. Will continue expanding monetary base until consumer inflation stably eceeds 2 percent.

TUESDAY NEWS – NEWS TO WATCH FOR THAT MAY DISRUPT YOUR TECHNICAL APPROACH.

  1. 3.00pm – German will start off the day with the CPI DATA release and is expected to be all good
  2. 5.30pm – Be ready for UK CPI – volatility is expected and we are expecting a good data from UK. We maintain BUY for GBP.
  3. 9.30pm – Empire state manufacturing data will be release in the US and we are expecting a stagnant data. We maintain Sell for USD.
  4. Midnight – Jordan from SNB will speak and CHF will be impacted – We stay neutral for now.

The market still favors CNH, EURO, AUD, NZD and GBP instead of USD for – this week we maintain SELL for USD.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

FINWAZE makes no representations or warranties, express or implied, in relation to this website (www.finwaze.com) or the information and materials provided on this website. It does not also warrants that this website will be constantly available or available at all times. The information on this website is complete, true, accurate or non-misleading. Nothing on this website constitutes, or is meant to constitute, advice of any kind. FINWAZE shall not be liable for any damage or injury, whether direct or indirect, that it may cause in relation to the contents of, or use of, or otherwise in connection with this website. By using this website, you agree to the reasonableness of the limitations of liabilities herein set out and further agree to assume whatever risk, loss, damage or injury in may cause in connection to the use of this website. No claims shall be brought personally against the officers and employees of FINWAZE, in connection with the use of this website. The user of this website agree to the limitations of warranties and liabilities herein set out to protect the officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as FINWAZE. Any unenforceable provisions that may be found on this website under applicable law shall not affect the enforceability of the other provisions.

Legal Documents  |  ©2021 Finwaze Philippines

Pin It on Pinterest

Share This

Log in with your credentials

Forgot your details?