Posts by "callum"

What do you guys make of China's $7.24 bln trade deficit announced this weekend? This sounds like its in line expectation of negative expectation. Somehow, I am guessing this is ammo they need to slow down the RMB appreciation pressure and potentially also rate hikes. Is this considered negative for the equity markets in China, which could propagate across US, and also potentially in commodities?

With a Friday DJI close over 11000 and SPX just under 1200 - how do you guys read this?

Will this pull in more buyers? Or does this form a psychological level for people to take profit and ride down before fresh putting bids?

There's plenty of China economic data coming out next week, and I understand the expectation is much lower than previous. I am guessing this would be a "show" to avoid raising rates. Also, don't they have to get a print of CPIɯ first?

Gold breaks 1160, does this now open up towards the 1220 given it taken out??

I am short around 1130 levels so just wondering if anyone could share views on whether to keep or cut-loss now.

Anyone know what's behind these big Gold moves?

Hi Ashraf, can I clarify on the effect on China RMB appreciation on Commodity and commodities currrencies.

Wells Fargo's Bennenbroek mentioned this appreciation would be bullish for commodities currencies.

Also, Westpac Analyst today on CBNC Asia mentioned that AUD and more importantly AUDJPY would benefit very strongly, and even expect 90/95 this year.

I remember you already said that China tightening means STRONGER JPY (&TWD, MYR).

I thought Stronger JPY would drag AUDJPY down. I thought yesterday's China speculation had driven AUDUSD and CADUSD DOWN including Oil. Is this a misdirection? Is this why Gold is stronger also?

I hope to get your advice.