Tag: renminbi

The Implications of “Red Monday”

Regular readers will have been very well positioned to take advantage of what is happening in emerging markets and specifically currencies as we can see from the fairly dramatic chart below. We’ve been positioning for a USD bull run for some time now. Back in October we made the call

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What is China’s Banking System Telling Us?

The more we look at the Chinese renminbi the more convinced we become that the next serious move will be to the downside and that this will more than likely occur sooner rather than later. Last month I wrote an article “The World’s Biggest Asymmetric Trade Just Got Bigger”. This is

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The World’s Biggest Asymmetric Trade Just Got Bigger

Ten days ago China cut interest rates in an effort to free up credit and stimulate the economy. This is unlikely to have much of a positive effect on economic growth in China. Rather it is likely to compound the big problem that the Chinese currently face: exports becoming increasingly uncompetitive.

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