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Trading news
3 Feb 2017

PBOC continues to tighten funding conditions, raises rates for OMO

The People’s Bank of China (PBOC) raised rates for Open Market Operations (OMO) as the central bank continues to tighten funding conditions and rein in leverage.

The 14-day Reverse Repo (RR) rate was raised to 2.5% from 2.4%. 7-day RR was raised to 2.35% from 2.25%, while the 28-day RR was pushed higher to 2.65% from 2.55%.

Feb 3, 2017

Japan’s Aso: Will avoid competitive devaluations in FX

Japanese finance minister Taro Aso crossed the wires earlier today, via Reuters, declining to comment on Trump’s criticisms on currencies: Key Headli
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Feb 3, 2017

Gold drops back below 5-DMA post-China PMI, NFP eyed

The minor-recovery attempts seen in gold over the last hour lost legs just below 20-DMA at $ 1219, following the release of disappointing China data,
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