Archive for October, 2012
File not found. Euro area unemployment rate at 11.6% in September
Euro area unemployment rate his another record high.
China official leading indicator rose in September
China official leading indicator point to likely pick-up in economic activities in the final quarter.
Chinese Yuan has weakened against Euro since the summer while it strengthens against USD
While it goes from strength to strength against the US dollar, it weakens against the Euro.
Economy, United States. 31 October, 2012, 1:27
Consumer spending growth back to pre-bubble trend
Personal consumption expenditure in the US has returned to the pre-bubble era trend growth.
BOJ Moves, Market Yawns
BOJ delivers no big surprises.
China’s rail cargo volume stabilised in September
Rail cargo volume -5.4% y/y in September vs. -9.2% y/y in August.
Changing pattern of China’s money flows
Are the changes of fund flows pattern temporary or structural?
People’s Bank of China injects RMB395 billion of liquidity through open market operation
PBOC injects a record RMB395 billion of liquidity via reverse repo.
FX positioning and outlook – 28 October 2012
Weekly FX positioning and outlook for the coming week (29 Oct – 2 Nov 2012).
China records a small (and negligible) balance of payments deficit in Q3
China records a small BoP deficit in Q3.
People’s Bank of China injects RMB225 billion of liquidity through open market operation
PBOC injects RMB225 billion of liquidity today.
Economy, United States. 25 October, 2012, 2:16
FOMC policy remains unchanged
FOMC’s monetary policy remains unchanged.
Euro area flash PMI points to continued slowdown in October
Euro area flash PMI points to deepening slowdown.
German IFO business confidence continues to fall in October
German IFO disappoints.
PMI and Shanghai Composite
Shanghai composite and PMI’s new orders less inventory measure track each other pretty well, and it is looking bullish now.
HSBC/Markit Flash China manufacturing PMI shows slowing pace of contraction in October
HSBC/Markit flash China manufacturing PMI points to a slowdown of the pace of the slowdown.
US dollar has done nothing since QE3
Since the announcement of QE3, US dollar has done nothing.
People’s Bank of China injects RMB91 billion via open market operation
PBOC injects RMB 91 billion via reverse repo today.
Cross asset, Markets. 22 October, 2012, 0:32
Europe, Moore’s Law and Murphy’s Law and Milken
Europe is still not fixed, and some thoughts on tech.
FX positioning and outlook – 21 October 2012
Weekly FX positioning and outlook for the coming week (22 Oct – 26 Oct 2012).