#fxtm canada

[fxasker-blog]

Do FXTM Offer Futures Contracts?

Do FXTM Offer Futures Contracts? Read More http://fxasker.com/question/a98b7c8cb26a02ca/ FXAsker

[justxpress]

Stock profit calculator simple

#Stock profit calculator simple registration

Each option contract covers 100 shares of the underlying stocks.Ī call option gives you the right, but not the obligation to buy the underlying stock at the strike price. The longer the expiration date, the more expensive the premium to justify the risks for options writers. Options writers collect a premium when they sell an option contract to the buyer who has the right to buy or sell the underlying stock at an agreed price and time. To have this option, the buyer has to pay a premium to the seller who writes the contract.įollowing are a few terminologies used in options trading that you must know in order to trade options.Īn option premium is the current market price for the options contract. An option gives the buyer the option to buy or sell on the type of contract that they hold on a specified future day. Options are a type of trading instrument that are derivatives based on the value of underlying stocks or other financial assets. You can do the calculation by yourself manually or you can just plugin the number to our options profit calculator to get the results quickly. On the other hand, if the stock falls to $60 or under, then you just lose your initial investment of $500 for buying the option contracts. Therefore, you made $4,500 on this options investment. Profit Formula = Current stock value - Strike price value - Total Investment Here's how you calculate your options profit.Ĭurrent stock value = 500 x $70 = $35,000 Find out more in the Regulations section of our FAQs.Assume the strike price for the options is $60, and the stock has risen to $70 since you bought the options. Regional restrictions FXTM brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Iran, Suriname, the Democratic People's Republic of Korea, Puerto Rico, Brazil, the Occupied Area of Cyprus, Quebec, Iraq, Hong Kong, Syria and Cuba. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the FXTM brand based on the legal requirements in his/her country of residence. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. Address for cardholder correspondence: Business location address: FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus.Įxinity Limited is a member of Financial Commission, an international organization engaged in a resolution of disputes within the financial services industry in the Forex market. HE 400404 and registered address at Agiou Georgiou Makri, 64, Anna Maria Lena Court, Flat 201, 6037, Larnaca, Cyprus. HE 335426 and registered address at Ioannis Stylianou, 6, Floor 2, Flat 202 2003, Nicosia, Cyprus, and via Exinity Services Ltd, Reg No.

#Stock profit calculator simple registration

Katharine's Way London, England, E1W 1UN, UK is authorised and regulated by the Financial Conduct Authority with license number 777911.Įxinity Limited (with registration number C119470 C1/GBL and registration address at 5th Floor, NEX Tower, Rue du Savoir, Cybercity, 72201 Ebene, Republic of Mauritius is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License with license number C113012295.Ĭard transactions are processed via FT Global Services Ltd, Reg No. Box 1896-00606, Nairobi, Republic of Kenya is regulated by the Capital Markets Authority of the Republic of Kenya with a Non-Dealing Online Foreign Exchange Broker with license number 135.Įxinity UK Limited (with registration number 10599136 and registration address at 1 st. 46614.Įxinity Capital East Africa Ltd (with registration number PVT-ZQU6JE7 and registration address at West End Towers, Waiyaki Way, 6th Floor, P.O. FXTM brand is authorized and regulated in various jurisdictions.įorexTime Ltd (with registration number HE 310361 and registration address at 35, Lamprou Konstantara, FXTM Tower, 4156, Kato Polemidia, Limassol, Cyprus is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No.

[newstinxahoi]

Đồng đôla vẫn sẽ yếu đi dù Trump hay Biden thắng

Chính sách giảm thuế của Trump hay chiến lược tăng kích thích tài khóa của Biden đều có thể gây sức ép lên đồng bạc xanh.

Đôla Mỹ đã yếu đi trong phần lớn nhiệm kỳ của Tổng thống Donald Trump. Nguyên nhân là Mỹ giảm thuế, tăng thâm hụt ngân sách và Cục Dự trữ liên bang Mỹ (Fed) nhiều lần hạ lãi suất.

Tuy nhiên, kể cả khi ứng cử viên đảng Dân chủ Joe Biden thắng cử, đôla Mỹ cũng sẽ khó bật lại sớm. Vì chính quyền Biden có thể sẽ tung ra nhiều gói kích thích hơn cho người tiêu dùng và doanh nghiệp trong đại dịch. Việc này sẽ đặc biệt thuận lợi nếu đảng Dân chủ nắm quyền kiểm soát cả Thượng viện và Hạ viện.

Biden cũng có thể thúc đẩy tăng chi tiêu công cho cơ sở hạ tầng, cũng như đầu tư cho các chương trình điện gió, điện mặt trời và các dạng năng lượng xanh khác. Số tiền chi ra này sẽ ăn mòn phần nguồn thu tăng lên từ việc xóa bỏ chính sách giảm thuế của Trump.

Các khoản chi này có thể sẽ khiến đôla còn yếu hơn, hoặc ít nhất là vẫn duy trì ở mức hiện tại. "Việc đảng Dân chủ kiểm soát cả Nhà Trắng và Quốc hội có thể là tin tiêu cực với đồng bạc xanh, do gói kích thích quy mô lớn hơn của họ sẽ làm tăng áp lực lạm phát", Lukman Otunuga - nhà phân tích cấp cao tại FXTM cho biết.

Một phụ nữ đang đếm đôla tại Argentina năm 2018. Ảnh: Reuters

Dù vậy, một số chuyên gia tiền tệ cho biết đôla Mỹ vẫn có thể mạnh lên nếu Biden thắng cử và khôi phục lại các chính sách thương mại thông thường. Ông có quan điểm hòa hoãn hơn về thuế nhập khẩu với các đồng minh như châu Âu, Mexico và Canada. Đây sẽ là tin tốt với đồng đôla.

Chính quyền Biden cũng có thể sử dụng chính sách ngoại giao đa phương với Trung Quốc, coi đây là biện pháp chính để giải quyết các vấn đề kinh tế, ngoài thương mại, như bản quyền sở hữu trí tuệ.

Tuy nhiên, thực tế vẫn là tăng chi tiêu công sẽ khiến đôla chịu sức ép giảm, dù chính sách ngoại giao của Mỹ là gì. Trong một báo cáo đầu tuần này, các chiến lược gia tại BlackRock Investment Institute dự báo nếu Biden thắng, "tăng trưởng sẽ cao hơn nhờ tăng kích thích tài khóa, chính sách thương mại và ngoại giao của Mỹ dễ đoán hơn và đồng đôla sẽ yếu đi".

Fed cũng có thể đóng vai trò trong việc này. Ngày càng nhiều người kêu gọi chính quyền mới, dù là Biden hay Trump, tái bổ nhiệm Jerome Powell làm chủ tịch Fed. Nhiệm kỳ hiện tại của ông sẽ kết thúc vào tháng 2/2022. Ông có thể được tái bổ nhiệm năm tới để có đủ thời gian được Thượng viện phê duyệt.

Nếu Powell tiếp tục đảm nhận vị trí này, nhà đầu tư có thể dự báo lãi suất được duy trì ở mức thấp trong thời gian dài. Việc này sẽ càng tăng sức ép lên đồng đôla.

Dolla Index - đo sức mạnh của đồng bạc danh với bảng Anh, yen Nhật và 6 tiền tệ lớn khác - đã giảm hơn 7% kể từ khi Trump nhậm chức năm 2017. Đầu năm nay, đôla Mỹ tăng mạnh trong thời gian ngắn, trước khi Covid-19 xuất hiện tại đây. Tuy nhiên, đồng tiền này đã mất giá 3% năm nay.

Đây không phải là tin tồi tệ với nhà đầu tư, do đôla giảm là một trong những yếu tố tăng cường sức mạnh cho các đại gia công nghệ và công ty đa quốc gia. Đôla yếu làm lợi cho các công ty như Apple, Coca-Cola và Procter & Gamble, do sản phẩm của họ rẻ hơn ở các thị trường ngoài Mỹ. Về mặt kế toán, các công ty này cũng hưởng lợi, do doanh thu cao hơn khi đổi từ ngoại tệ về đôla.

Tuy nhiên, đồng đôla vẫn là công cụ trú ẩn trong thời kỳ biến động. Khi thế giới vẫn đang hồi phục từ đại dịch, kinh tế Mỹ đã tăng trưởng kỷ lục trong quý III. Đây là lý do chủ chốt khiến đồng bạc xanh có thể không giảm sâu thêm, kể cả trong trường hợp một trong hai ứng cử viên tổng thống kiện kết quả bầu cử.

"Tôi nghi ngờ việc đồng đôla sẽ giảm thêm. Tôi dự báo diễn biến sẽ ổn định", Phil Toews - CEO hãng quản lý tài sản Toews Corp cho biết trên CNN, "Nhiều nơi trên thế giới vẫn đang phải vật lộn với việc kiểm soát đại dịch".

Hà Thu (theo CNN)

[fx999blog]

10月24日财经早餐：美元再度走低，黄金持稳于1900之上，油价跌逾2%失守40美元关口 10月24日财经早餐：美元再度走低，黄金持稳于1900之上，油价跌逾2%失守40美元关口 周五(10月23日)美元指数再度走低，在G-10货币中，欧元领涨，英镑表现最差。金价小幅下跌，收于1900美元之上，因美国共和党与民主党就刺激方案迟迟不能达成共识，但11月3日美国大选前的不确定性限制了金价的跌幅。美油跌逾2%，刷新10月15日以来低点至39.57美元/桶，在新冠疫情已经使需求遭受重创的情况下，利比亚产量增���带来了供应进一步过剩的威胁。 商品收盘方面，COMEX 12月黄金期货收涨0.03%，报1905.20美元/盎司。WTI 12月原��期货收跌0.79美元，跌幅1.94%，报39.85美元/桶；布伦特12月原油期货收跌0.69美元，跌幅1.62%，报41.77美元/桶。 美股三大指数收盘涨跌不一，标普500指数收盘上涨11.90点，涨幅0.34%，报3465.39点；道琼斯指数收盘下跌28.10点，跌幅0.10%，报28335.57点；纳斯达克指数收盘上涨42.30点，涨幅0.37%，报11548.28点。 全球主要市场行情一览 美股周五收盘涨跌不一，本周三大股指均录得跌幅。美国总统大选最后一场辩论落幕。投资者继续关注美国财政刺激僵局、财报及冠状病毒治疗方面的消息。Seven Points Capital公司合伙人Mike Katz表示：“我认为大家都还在观望。财政刺激谈判有许多起起伏伏，前景仍不明朗，谈判的每次波折都使市场随之波动。” 贵金属与原油 金价周五小幅下跌，因美国共和党与民主党就刺激方案迟迟不能达成共识；投资者继续关注美国财政刺激谈判进展、美元汇率以及即将到来的美国总统大选。 FXTM高级研究分析师Lukman Otunuga表示，过去三周内，在美元走软、全球冠状病毒感染病例激增、美国总统大选的不确定性以及财政刺激谈判等因素的综合影响下，黄金期货价格维持50美元以内窄幅震荡；除非出现新的价格催化剂，否则金价很有可能继续维持这种窄幅震荡模式。 美油跌逾2%，并录得三周以来的首次单周下跌；因为在冠状病毒大流行已经使需求遭受重创的情况下，利比亚产量增加带来了供应进一步过剩的威胁。 利比亚国家石油公司周五表示，预计未来几天内将开放锡德尔港的石油出口，利比亚将在四周内把石油产量增加至逾100万桶/日。 美国经济刺激谈判似乎在大选前陷入僵局也导致油价下跌；美国众议院议长佩洛西和财政部长姆努钦分别指责谈判陷入停滞是对方的责任。 Again Capital LLC的合伙人John Kilduff表示，利比亚全国范围内停火会鼓励该国的石油产量增加，并至少在一段时间内保持稳定，同时，新冠疫情并未好转，甚至在恶化。因此，我们也将继续面对这个问题。 InfraCap驻纽约的首席执行官Jay Hatfield称，在获得疫苗之前，价格可能会徘徊在这个区间附近。     外汇 尽管投资者仍然对美国能否达成财政刺激协议持怀疑态度，但美元兑其他货币仍普遍下跌，��且几乎没有获得支撑。在G-10货币中，欧元表现最佳，英镑表现最差。 美元指数下跌0.21％至92.74，盘中一度下跌0.3％；一周累跌1.03％；美国众议院议长佩洛希表示，仍有可能在11月3日大选之前达成新一轮的新冠肺炎援助协议，但是特朗普总统如果想要达成协议，就必须得到不情愿的共和党人的支持。 美国总统特朗普和美国财政部长努钦周五反驳说，众议院议长佩洛希必须做出让步，才能达成最终协议。他们说，共和党政府和民主党人之间仍然存在重大分歧。    Western Union Business Solutions资深市场分析师Joe Manimbo表示，市场已经消化了拜登获胜，仍预期将在今年年底前推出经济刺激方案。因此，风险偏好本周占据上风，因市场对大胆刺激措施的期望高涨，这令美元处于不利地位。 BK Asset Management外汇策略部门董事总经理Boris Schlossberg称，考虑到大选可能出现争议的风险，且市场在等待财政援助方案的明朗化，短期内美元可能陷于停滞状态。 在欧洲，法国和德国的商业调查显示了第二波新冠疫情对欧元区两大经济体的影响，可能使欧元区刚刚开始的复苏偏离轨道。尽管有上述数据，欧元兑美元上涨0.35％至1.1859；由于德国制造业显示出持续复苏迹象，欧元扭转了先前的跌势；在纽约尾盘交易中，欧元触及盘中高点1.1865美元；交易员表示，在1.1770至1.1785之间有可观的买盘兴趣。欧元兑美元2周隐含波动率（涵盖了美国大选、联邦公开市场委员会和欧洲央行政策会议）达到8.52，触及8月以来最高。 英镑兑美元下跌0.33％至1.3040，尽管脱欧谈判的消息过去几天来令英镑上下震荡，但其一周仍累计上涨0.97％。据外媒报道，法国正准备在渔业方面做出妥协，以帮助欧盟与英国达成脱欧协议，英镑最初在该报道发出后上涨，随后回吐涨幅，突显出围绕英国脱欧事态发展对英镑构成的整体风险。 欧元兑英镑上涨0.69％至0.9095; Chris Turner等ING策略师周五在一份报告中写道，该汇率现在可能在0.90一线止步，因为谈判不太可能立即取得进展，并可能一直持续到11月中旬。 展望下周，美国第三季国内生产总值(GDP)数据将于周四公布��National Bank of Canada在一份报告中称，该报告可能显示出史上最大幅度的季度扩张，因在第二季的封锁严重限制了活动后经济实现重启。日本和欧元区的货币政策决定也将受到关注。 国际要闻 【美国国家经济顾问库德洛：刺激计划的谈判目前进展不是很快，要完成谈判是困难的；我们不能跨越政策分歧的最后障碍，援助协议在美国大选前很难达成】 【民主党与白宫相互指责 美国刺激方案谈判再陷僵局】美国众议院议长佩洛西和美国财长努钦在周五相互指责对方应出力推动谈判向前推进。大选前通过刺激法案的可能性在迅速消退。佩洛西表示，特朗普应该推动磋商，并让共和党人点头同意与白宫达成的关于近2万亿美元一揽子援助计划的任何协议。白宫的谈判代表努钦称，谈判取得了重大进展，但他指责佩洛西不肯在民主党优先事项上做出妥协，导致磋商停滞。 【能源服务公司贝克休斯表示，截至10月23日的一周，美国能源公司增加了5口活跃钻机，使总数增至287口，为5月以来的最高水平；活跃钻机数是衡量未来供应的一个指标】 【第二波疫情促使欧元区商业活动再度萎缩】周五公布的初步数据显示，欧元区10月经济活动萎缩，因该地区再度实施封锁措施。衡量制造业和服务业活动的欧元区PMI综合产出指数10月降至49.4，为四个月低点，9月为50.4。该指数低于50表明经济活动出现收缩。制造业在过去一个月仍有一定的弹性，但服务业的活动已降至5个月来的低点。由于第二波疫情导致10月份商业活动再度下滑，欧元区陷入双底衰退的风险加大。 【多国病例数量呈指数级增长，谭德塞表示接下来的几个月将非常艰难】当地时间10月23日，世卫组织举行新冠肺炎例行发布会，世卫组织总干事谭德塞表示，全球疫情正处于紧要关头，尤其是北半球。接下来的几个月将非常艰难，一些国家正处在危险的轨道上。太多国家的病例数量呈指数级增长，导致医院和重症监护病房趋于或超过饱和，而现在仅仅是10月份。谭德塞敦促各国领导人立即采取行动，以防止出现更多不必要的死亡，避免基本医疗服务崩溃或学校再次关闭。（央视） 国内要闻 【证券时报头版评论：人民币汇率弹性增强，企业要改变线性思维】央行将远期售汇外汇风险准备金率调降至零后，人民币兑美元汇率延续升值行情，目前离岸汇率已升至6.66附近。这让不少市场人士喊出“人民币汇率进入新一轮升值周期”的论调。不过，在全球经济金融形势日趋复杂的大环境下，不确定性才是新常态，市场应谨慎看待短期内单边行情的演变趋势，尤其是对于汇率，需要改变人民币不是升就是贬的线性思维，要更加关注汇率宽幅双向波动中如何有效对冲外汇风险。 【资金面不乐观，四季度波动加大？险资：市场主线没变，港股有长期机会】从几家保险机构了解到，保险机构整体认为四季度资金面不会乐观，在从“流动性和基本面共同驱动”转向“基本面驱动”的过程中，对估值应该更加谨慎。不过，市场主线没有变，在产业升级和龙头集中的过程中，市场机会仍然存在，关注景气度回升的行业。也有保险机构认为，港股在当下有了长期配置的机会。（券商中国）

[chloe-jayde]

Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/analysts-doubt-depth-of-u-s-china-yuan-pact-as-talks-resume

Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

© Reuters. Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

(Bloomberg) — Don’t expect a major pact on China’s yuan. That’s what analysts are saying as U.S. officials arrive in Beijing for another round of negotiations for a comprehensive trade deal.

Questions remain over why China would acquiesce beyond existing multilateral commitments to avoid competitive devaluation of the yuan. There’s also skepticism about how any exchange-rate pledge can be enforced in an economy noted for its opacity.

While U.S. Treasury Secretary Steven Mnuchin stoked expectations for the “strongest ever” currency agreement, Chinese officials including central bank governor Yi Gang have talked about the need to respect “autonomy” and hosed down suggestions for a one-sided deal.

Instead, provisions in renewed U.S. trade agreements with Mexico, Canada and South Korea may offer clues on a possible template for China to follow.

China’s case has been helped by a 2.3 percent rally in its currency this year, compared with 2018 when the yuan tumbled more than 5 percent amid the trade uncertainties and a slowing economy. The yuan fell 0.17 percent to 6.7265 per dollar Wednesday.

Markets and policy watchers are talking about how the currency element could pan out. Here’s a selection of views:

Hui Feng, a senior research fellow at the Griffith Asia Institute and co-author of “The Rise of the People’s Bank of China.”

Currency manipulation by China is no longer an imperative in the post-Great Financial Crisis era due to factors such as the increase of domestic real wages. Even the International Monetary Fund recognized that the yuan exchange rate is now close to equilibrium.

Beijing has also learned lessons from the 2015-16 episode of capital flight due to a devaluation and realizes it’s in its own interest to keep the yuan relatively stable.

Any meaningful deal in this regard would be difficult to enforce, as defining the market level of the exchange rate is subject to debate and accusing government manipulation is even more difficult, especially in China’s case.

BNP Paribas (PA:) Asset Management (Bryan Carter, head of emerging markets debt)

A broad currency agreement to allow market forces to determine exchange rates or to commit to a stronger yuan in line with economic fundamentals could be supported by both sides.

It’s unlikely that China would realign its real effective exchange rate basket or its daily fixing procedure due to foreign pressure.

Don’t expect any specific measures that would impinge on the central bank’s flexibility. If there was to be greater data transparency and oversight in China, it would almost certainly be achieved via the IMF’s data dissemination standards.

China won’t want to backtrack from years of moving toward a more market-oriented approach.

Toronto-Dominion Bank (Mitul Kotecha, senior emerging markets strategist)

A simple agreement not to engage in competitive devaluation might be the most China will agree to. It’s unlikely they’d agree to prevent weakness against the dollar.

It’s possible they might consider volatility management, which might be more binding on the yuan downside.

Important to remember that a currency clause would be made legally binding by its inclusion in official trade agreement documentation.

Look to the U.S.-Mexico-Canada agreement signed last year and the U.S.-South Korea trade deal for clues. These deals included agreements to disclose all data on foreign-exchange activities, including amounts of intervention.

Ebury Partners (Enrique Diaz-Alvarez, chief risk officer)

China will likely commit to prevent further weakening of the yuan from current levels and make the currency more flexible in a trade deal with the U.S.

A more liberalized foreign-exchange market will allow China to promote the yuan’s global use.

Any explicit mention of the yuan in the trade deal would refer only to its rate against the dollar.

FXTM (Jameel Ahmad, global head of currency strategy & market research)

The U.S. may ask for reassurances that Chinese authorities will pledge stability in the yuan and will not allow the currency to weaken past a certain level against the dollar.

There wouldn’t be obstacles to implementing the deal from the side of China, which is armed with large foreign reserves and strong fiscal conditions.

A currency deal may strengthen the yuan by as much as 5 percent, which would be encouraging to emerging-market sentiment and help prolong the recovery in China’s stock markets this year.

A deal would also help the nation liberalize its financial markets.

A rally in the yuan will reduce inflationary pressures and increase consumer confidence and spending, which will help China make its economy more domestically-led.

Australia & New Zealand Banking Group (Khoon Goh, head of Asia research)

Whatever agreement is struck will most likely be similar to the currency chapter that was contained in the trade re-negotiations between the U.S., Canada and Mexico, where all parties agreed not to manipulate exchange rates.

A currency deal probably won’t have much material bearing for the yuan as Chinese authorities have tended to support the currency when it is weak rather than deliberately trying to weaken it.

While China publishes official foreign reserves data every month, an agreement may require it to go a step further and actively disclose actual intervention activity. This is unlikely to be a huge hurdle.

China would still like to see a stable exchange rate that will provide a conducive backdrop for ongoing reforms. It doesn’t want a currency that is too weak after the 2015 devaluation.

(Adds latest yuan level in fifth paragraph.)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More https://worldwide-finance.net/news/commodities-futures-news/analysts-doubt-depth-of-u-s-china-yuan-pact-as-talks-resume

[jettadarkwynd]

Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/analysts-doubt-depth-of-u-s-china-yuan-pact-as-talks-resume

Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

© Reuters. Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

(Bloomberg) — Don’t expect a major pact on China’s yuan. That’s what analysts are saying as U.S. officials arrive in Beijing for another round of negotiations for a comprehensive trade deal.

Questions remain over why China would acquiesce beyond existing multilateral commitments to avoid competitive devaluation of the yuan. There’s also skepticism about how any exchange-rate pledge can be enforced in an economy noted for its opacity.

While U.S. Treasury Secretary Steven Mnuchin stoked expectations for the “strongest ever” currency agreement, Chinese officials including central bank governor Yi Gang have talked about the need to respect “autonomy” and hosed down suggestions for a one-sided deal.

Instead, provisions in renewed U.S. trade agreements with Mexico, Canada and South Korea may offer clues on a possible template for China to follow.

China’s case has been helped by a 2.3 percent rally in its currency this year, compared with 2018 when the yuan tumbled more than 5 percent amid the trade uncertainties and a slowing economy. The yuan fell 0.17 percent to 6.7265 per dollar Wednesday.

Markets and policy watchers are talking about how the currency element could pan out. Here’s a selection of views:

Hui Feng, a senior research fellow at the Griffith Asia Institute and co-author of “The Rise of the People’s Bank of China.”

Currency manipulation by China is no longer an imperative in the post-Great Financial Crisis era due to factors such as the increase of domestic real wages. Even the International Monetary Fund recognized that the yuan exchange rate is now close to equilibrium.

Beijing has also learned lessons from the 2015-16 episode of capital flight due to a devaluation and realizes it’s in its own interest to keep the yuan relatively stable.

Any meaningful deal in this regard would be difficult to enforce, as defining the market level of the exchange rate is subject to debate and accusing government manipulation is even more difficult, especially in China’s case.

BNP Paribas (PA:) Asset Management (Bryan Carter, head of emerging markets debt)

A broad currency agreement to allow market forces to determine exchange rates or to commit to a stronger yuan in line with economic fundamentals could be supported by both sides.

It’s unlikely that China would realign its real effective exchange rate basket or its daily fixing procedure due to foreign pressure.

Don’t expect any specific measures that would impinge on the central bank’s flexibility. If there was to be greater data transparency and oversight in China, it would almost certainly be achieved via the IMF’s data dissemination standards.

China won’t want to backtrack from years of moving toward a more market-oriented approach.

Toronto-Dominion Bank (Mitul Kotecha, senior emerging markets strategist)

A simple agreement not to engage in competitive devaluation might be the most China will agree to. It’s unlikely they’d agree to prevent weakness against the dollar.

It’s possible they might consider volatility management, which might be more binding on the yuan downside.

Important to remember that a currency clause would be made legally binding by its inclusion in official trade agreement documentation.

Look to the U.S.-Mexico-Canada agreement signed last year and the U.S.-South Korea trade deal for clues. These deals included agreements to disclose all data on foreign-exchange activities, including amounts of intervention.

Ebury Partners (Enrique Diaz-Alvarez, chief risk officer)

China will likely commit to prevent further weakening of the yuan from current levels and make the currency more flexible in a trade deal with the U.S.

A more liberalized foreign-exchange market will allow China to promote the yuan’s global use.

Any explicit mention of the yuan in the trade deal would refer only to its rate against the dollar.

FXTM (Jameel Ahmad, global head of currency strategy & market research)

The U.S. may ask for reassurances that Chinese authorities will pledge stability in the yuan and will not allow the currency to weaken past a certain level against the dollar.

There wouldn’t be obstacles to implementing the deal from the side of China, which is armed with large foreign reserves and strong fiscal conditions.

A currency deal may strengthen the yuan by as much as 5 percent, which would be encouraging to emerging-market sentiment and help prolong the recovery in China’s stock markets this year.

A deal would also help the nation liberalize its financial markets.

A rally in the yuan will reduce inflationary pressures and increase consumer confidence and spending, which will help China make its economy more domestically-led.

Australia & New Zealand Banking Group (Khoon Goh, head of Asia research)

Whatever agreement is struck will most likely be similar to the currency chapter that was contained in the trade re-negotiations between the U.S., Canada and Mexico, where all parties agreed not to manipulate exchange rates.

A currency deal probably won’t have much material bearing for the yuan as Chinese authorities have tended to support the currency when it is weak rather than deliberately trying to weaken it.

While China publishes official foreign reserves data every month, an agreement may require it to go a step further and actively disclose actual intervention activity. This is unlikely to be a huge hurdle.

China would still like to see a stable exchange rate that will provide a conducive backdrop for ongoing reforms. It doesn’t want a currency that is too weak after the 2015 devaluation.

(Adds latest yuan level in fifth paragraph.)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More https://worldwide-finance.net/news/commodities-futures-news/analysts-doubt-depth-of-u-s-china-yuan-pact-as-talks-resume

[breakbit]

Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/analysts-doubt-depth-of-u-s-china-yuan-pact-as-talks-resume

Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

© Reuters. Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

(Bloomberg) — Don’t expect a major pact on China’s yuan. That’s what analysts are saying as U.S. officials arrive in Beijing for another round of negotiations for a comprehensive trade deal.

Questions remain over why China would acquiesce beyond existing multilateral commitments to avoid competitive devaluation of the yuan. There’s also skepticism about how any exchange-rate pledge can be enforced in an economy noted for its opacity.

While U.S. Treasury Secretary Steven Mnuchin stoked expectations for the “strongest ever” currency agreement, Chinese officials including central bank governor Yi Gang have talked about the need to respect “autonomy” and hosed down suggestions for a one-sided deal.

Instead, provisions in renewed U.S. trade agreements with Mexico, Canada and South Korea may offer clues on a possible template for China to follow.

China’s case has been helped by a 2.3 percent rally in its currency this year, compared with 2018 when the yuan tumbled more than 5 percent amid the trade uncertainties and a slowing economy. The yuan fell 0.17 percent to 6.7265 per dollar Wednesday.

Markets and policy watchers are talking about how the currency element could pan out. Here’s a selection of views:

Hui Feng, a senior research fellow at the Griffith Asia Institute and co-author of “The Rise of the People’s Bank of China.”

Currency manipulation by China is no longer an imperative in the post-Great Financial Crisis era due to factors such as the increase of domestic real wages. Even the International Monetary Fund recognized that the yuan exchange rate is now close to equilibrium.

Beijing has also learned lessons from the 2015-16 episode of capital flight due to a devaluation and realizes it’s in its own interest to keep the yuan relatively stable.

Any meaningful deal in this regard would be difficult to enforce, as defining the market level of the exchange rate is subject to debate and accusing government manipulation is even more difficult, especially in China’s case.

BNP Paribas (PA:) Asset Management (Bryan Carter, head of emerging markets debt)

A broad currency agreement to allow market forces to determine exchange rates or to commit to a stronger yuan in line with economic fundamentals could be supported by both sides.

It’s unlikely that China would realign its real effective exchange rate basket or its daily fixing procedure due to foreign pressure.

Don’t expect any specific measures that would impinge on the central bank’s flexibility. If there was to be greater data transparency and oversight in China, it would almost certainly be achieved via the IMF’s data dissemination standards.

China won’t want to backtrack from years of moving toward a more market-oriented approach.

Toronto-Dominion Bank (Mitul Kotecha, senior emerging markets strategist)

A simple agreement not to engage in competitive devaluation might be the most China will agree to. It’s unlikely they’d agree to prevent weakness against the dollar.

It’s possible they might consider volatility management, which might be more binding on the yuan downside.

Important to remember that a currency clause would be made legally binding by its inclusion in official trade agreement documentation.

Look to the U.S.-Mexico-Canada agreement signed last year and the U.S.-South Korea trade deal for clues. These deals included agreements to disclose all data on foreign-exchange activities, including amounts of intervention.

Ebury Partners (Enrique Diaz-Alvarez, chief risk officer)

China will likely commit to prevent further weakening of the yuan from current levels and make the currency more flexible in a trade deal with the U.S.

A more liberalized foreign-exchange market will allow China to promote the yuan’s global use.

Any explicit mention of the yuan in the trade deal would refer only to its rate against the dollar.

FXTM (Jameel Ahmad, global head of currency strategy & market research)

The U.S. may ask for reassurances that Chinese authorities will pledge stability in the yuan and will not allow the currency to weaken past a certain level against the dollar.

There wouldn’t be obstacles to implementing the deal from the side of China, which is armed with large foreign reserves and strong fiscal conditions.

A currency deal may strengthen the yuan by as much as 5 percent, which would be encouraging to emerging-market sentiment and help prolong the recovery in China’s stock markets this year.

A deal would also help the nation liberalize its financial markets.

A rally in the yuan will reduce inflationary pressures and increase consumer confidence and spending, which will help China make its economy more domestically-led.

Australia & New Zealand Banking Group (Khoon Goh, head of Asia research)

Whatever agreement is struck will most likely be similar to the currency chapter that was contained in the trade re-negotiations between the U.S., Canada and Mexico, where all parties agreed not to manipulate exchange rates.

A currency deal probably won’t have much material bearing for the yuan as Chinese authorities have tended to support the currency when it is weak rather than deliberately trying to weaken it.

While China publishes official foreign reserves data every month, an agreement may require it to go a step further and actively disclose actual intervention activity. This is unlikely to be a huge hurdle.

China would still like to see a stable exchange rate that will provide a conducive backdrop for ongoing reforms. It doesn’t want a currency that is too weak after the 2015 devaluation.

(Adds latest yuan level in fifth paragraph.)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More https://worldwide-finance.net/news/commodities-futures-news/analysts-doubt-depth-of-u-s-china-yuan-pact-as-talks-resume

[cute1dfacts]

Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/analysts-doubt-depth-of-u-s-china-yuan-pact-as-talks-resume

Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

© Reuters. Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

(Bloomberg) — Don’t expect a major pact on China’s yuan. That’s what analysts are saying as U.S. officials arrive in Beijing for another round of negotiations for a comprehensive trade deal.

Questions remain over why China would acquiesce beyond existing multilateral commitments to avoid competitive devaluation of the yuan. There’s also skepticism about how any exchange-rate pledge can be enforced in an economy noted for its opacity.

While U.S. Treasury Secretary Steven Mnuchin stoked expectations for the “strongest ever” currency agreement, Chinese officials including central bank governor Yi Gang have talked about the need to respect “autonomy” and hosed down suggestions for a one-sided deal.

Instead, provisions in renewed U.S. trade agreements with Mexico, Canada and South Korea may offer clues on a possible template for China to follow.

China’s case has been helped by a 2.3 percent rally in its currency this year, compared with 2018 when the yuan tumbled more than 5 percent amid the trade uncertainties and a slowing economy. The yuan fell 0.17 percent to 6.7265 per dollar Wednesday.

Markets and policy watchers are talking about how the currency element could pan out. Here’s a selection of views:

Hui Feng, a senior research fellow at the Griffith Asia Institute and co-author of “The Rise of the People’s Bank of China.”

Currency manipulation by China is no longer an imperative in the post-Great Financial Crisis era due to factors such as the increase of domestic real wages. Even the International Monetary Fund recognized that the yuan exchange rate is now close to equilibrium.

Beijing has also learned lessons from the 2015-16 episode of capital flight due to a devaluation and realizes it’s in its own interest to keep the yuan relatively stable.

Any meaningful deal in this regard would be difficult to enforce, as defining the market level of the exchange rate is subject to debate and accusing government manipulation is even more difficult, especially in China’s case.

BNP Paribas (PA:) Asset Management (Bryan Carter, head of emerging markets debt)

A broad currency agreement to allow market forces to determine exchange rates or to commit to a stronger yuan in line with economic fundamentals could be supported by both sides.

It’s unlikely that China would realign its real effective exchange rate basket or its daily fixing procedure due to foreign pressure.

Don’t expect any specific measures that would impinge on the central bank’s flexibility. If there was to be greater data transparency and oversight in China, it would almost certainly be achieved via the IMF’s data dissemination standards.

China won’t want to backtrack from years of moving toward a more market-oriented approach.

Toronto-Dominion Bank (Mitul Kotecha, senior emerging markets strategist)

A simple agreement not to engage in competitive devaluation might be the most China will agree to. It’s unlikely they’d agree to prevent weakness against the dollar.

It’s possible they might consider volatility management, which might be more binding on the yuan downside.

Important to remember that a currency clause would be made legally binding by its inclusion in official trade agreement documentation.

Look to the U.S.-Mexico-Canada agreement signed last year and the U.S.-South Korea trade deal for clues. These deals included agreements to disclose all data on foreign-exchange activities, including amounts of intervention.

Ebury Partners (Enrique Diaz-Alvarez, chief risk officer)

China will likely commit to prevent further weakening of the yuan from current levels and make the currency more flexible in a trade deal with the U.S.

A more liberalized foreign-exchange market will allow China to promote the yuan’s global use.

Any explicit mention of the yuan in the trade deal would refer only to its rate against the dollar.

FXTM (Jameel Ahmad, global head of currency strategy & market research)

The U.S. may ask for reassurances that Chinese authorities will pledge stability in the yuan and will not allow the currency to weaken past a certain level against the dollar.

There wouldn’t be obstacles to implementing the deal from the side of China, which is armed with large foreign reserves and strong fiscal conditions.

A currency deal may strengthen the yuan by as much as 5 percent, which would be encouraging to emerging-market sentiment and help prolong the recovery in China’s stock markets this year.

A deal would also help the nation liberalize its financial markets.

A rally in the yuan will reduce inflationary pressures and increase consumer confidence and spending, which will help China make its economy more domestically-led.

Australia & New Zealand Banking Group (Khoon Goh, head of Asia research)

Whatever agreement is struck will most likely be similar to the currency chapter that was contained in the trade re-negotiations between the U.S., Canada and Mexico, where all parties agreed not to manipulate exchange rates.

A currency deal probably won’t have much material bearing for the yuan as Chinese authorities have tended to support the currency when it is weak rather than deliberately trying to weaken it.

While China publishes official foreign reserves data every month, an agreement may require it to go a step further and actively disclose actual intervention activity. This is unlikely to be a huge hurdle.

China would still like to see a stable exchange rate that will provide a conducive backdrop for ongoing reforms. It doesn’t want a currency that is too weak after the 2015 devaluation.

(Adds latest yuan level in fifth paragraph.)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More https://worldwide-finance.net/news/commodities-futures-news/analysts-doubt-depth-of-u-s-china-yuan-pact-as-talks-resume

[taylordmorris]

Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/analysts-doubt-depth-of-u-s-china-yuan-pact-as-talks-resume

Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

© Reuters. Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

(Bloomberg) — Don’t expect a major pact on China’s yuan. That’s what analysts are saying as U.S. officials arrive in Beijing for another round of negotiations for a comprehensive trade deal.

Questions remain over why China would acquiesce beyond existing multilateral commitments to avoid competitive devaluation of the yuan. There’s also skepticism about how any exchange-rate pledge can be enforced in an economy noted for its opacity.

While U.S. Treasury Secretary Steven Mnuchin stoked expectations for the “strongest ever” currency agreement, Chinese officials including central bank governor Yi Gang have talked about the need to respect “autonomy” and hosed down suggestions for a one-sided deal.

Instead, provisions in renewed U.S. trade agreements with Mexico, Canada and South Korea may offer clues on a possible template for China to follow.

China’s case has been helped by a 2.3 percent rally in its currency this year, compared with 2018 when the yuan tumbled more than 5 percent amid the trade uncertainties and a slowing economy. The yuan fell 0.17 percent to 6.7265 per dollar Wednesday.

Markets and policy watchers are talking about how the currency element could pan out. Here’s a selection of views:

Hui Feng, a senior research fellow at the Griffith Asia Institute and co-author of “The Rise of the People’s Bank of China.”

Currency manipulation by China is no longer an imperative in the post-Great Financial Crisis era due to factors such as the increase of domestic real wages. Even the International Monetary Fund recognized that the yuan exchange rate is now close to equilibrium.

Beijing has also learned lessons from the 2015-16 episode of capital flight due to a devaluation and realizes it’s in its own interest to keep the yuan relatively stable.

Any meaningful deal in this regard would be difficult to enforce, as defining the market level of the exchange rate is subject to debate and accusing government manipulation is even more difficult, especially in China’s case.

BNP Paribas (PA:) Asset Management (Bryan Carter, head of emerging markets debt)

A broad currency agreement to allow market forces to determine exchange rates or to commit to a stronger yuan in line with economic fundamentals could be supported by both sides.

It’s unlikely that China would realign its real effective exchange rate basket or its daily fixing procedure due to foreign pressure.

Don’t expect any specific measures that would impinge on the central bank’s flexibility. If there was to be greater data transparency and oversight in China, it would almost certainly be achieved via the IMF’s data dissemination standards.

China won’t want to backtrack from years of moving toward a more market-oriented approach.

Toronto-Dominion Bank (Mitul Kotecha, senior emerging markets strategist)

A simple agreement not to engage in competitive devaluation might be the most China will agree to. It’s unlikely they’d agree to prevent weakness against the dollar.

It’s possible they might consider volatility management, which might be more binding on the yuan downside.

Important to remember that a currency clause would be made legally binding by its inclusion in official trade agreement documentation.

Look to the U.S.-Mexico-Canada agreement signed last year and the U.S.-South Korea trade deal for clues. These deals included agreements to disclose all data on foreign-exchange activities, including amounts of intervention.

Ebury Partners (Enrique Diaz-Alvarez, chief risk officer)

China will likely commit to prevent further weakening of the yuan from current levels and make the currency more flexible in a trade deal with the U.S.

A more liberalized foreign-exchange market will allow China to promote the yuan’s global use.

Any explicit mention of the yuan in the trade deal would refer only to its rate against the dollar.

FXTM (Jameel Ahmad, global head of currency strategy & market research)

The U.S. may ask for reassurances that Chinese authorities will pledge stability in the yuan and will not allow the currency to weaken past a certain level against the dollar.

There wouldn’t be obstacles to implementing the deal from the side of China, which is armed with large foreign reserves and strong fiscal conditions.

A currency deal may strengthen the yuan by as much as 5 percent, which would be encouraging to emerging-market sentiment and help prolong the recovery in China’s stock markets this year.

A deal would also help the nation liberalize its financial markets.

A rally in the yuan will reduce inflationary pressures and increase consumer confidence and spending, which will help China make its economy more domestically-led.

Australia & New Zealand Banking Group (Khoon Goh, head of Asia research)

Whatever agreement is struck will most likely be similar to the currency chapter that was contained in the trade re-negotiations between the U.S., Canada and Mexico, where all parties agreed not to manipulate exchange rates.

A currency deal probably won’t have much material bearing for the yuan as Chinese authorities have tended to support the currency when it is weak rather than deliberately trying to weaken it.

While China publishes official foreign reserves data every month, an agreement may require it to go a step further and actively disclose actual intervention activity. This is unlikely to be a huge hurdle.

China would still like to see a stable exchange rate that will provide a conducive backdrop for ongoing reforms. It doesn’t want a currency that is too weak after the 2015 devaluation.

(Adds latest yuan level in fifth paragraph.)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More https://worldwide-finance.net/news/commodities-futures-news/analysts-doubt-depth-of-u-s-china-yuan-pact-as-talks-resume

[benmauerberger]

Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/analysts-doubt-depth-of-u-s-china-yuan-pact-as-talks-resume

Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

© Reuters. Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

(Bloomberg) — Don’t expect a major pact on China’s yuan. That’s what analysts are saying as U.S. officials arrive in Beijing for another round of negotiations for a comprehensive trade deal.

Questions remain over why China would acquiesce beyond existing multilateral commitments to avoid competitive devaluation of the yuan. There’s also skepticism about how any exchange-rate pledge can be enforced in an economy noted for its opacity.

While U.S. Treasury Secretary Steven Mnuchin stoked expectations for the “strongest ever” currency agreement, Chinese officials including central bank governor Yi Gang have talked about the need to respect “autonomy” and hosed down suggestions for a one-sided deal.

Instead, provisions in renewed U.S. trade agreements with Mexico, Canada and South Korea may offer clues on a possible template for China to follow.

China’s case has been helped by a 2.3 percent rally in its currency this year, compared with 2018 when the yuan tumbled more than 5 percent amid the trade uncertainties and a slowing economy. The yuan fell 0.17 percent to 6.7265 per dollar Wednesday.

Markets and policy watchers are talking about how the currency element could pan out. Here’s a selection of views:

Hui Feng, a senior research fellow at the Griffith Asia Institute and co-author of “The Rise of the People’s Bank of China.”

Currency manipulation by China is no longer an imperative in the post-Great Financial Crisis era due to factors such as the increase of domestic real wages. Even the International Monetary Fund recognized that the yuan exchange rate is now close to equilibrium.

Beijing has also learned lessons from the 2015-16 episode of capital flight due to a devaluation and realizes it’s in its own interest to keep the yuan relatively stable.

Any meaningful deal in this regard would be difficult to enforce, as defining the market level of the exchange rate is subject to debate and accusing government manipulation is even more difficult, especially in China’s case.

BNP Paribas (PA:) Asset Management (Bryan Carter, head of emerging markets debt)

A broad currency agreement to allow market forces to determine exchange rates or to commit to a stronger yuan in line with economic fundamentals could be supported by both sides.

It’s unlikely that China would realign its real effective exchange rate basket or its daily fixing procedure due to foreign pressure.

Don’t expect any specific measures that would impinge on the central bank’s flexibility. If there was to be greater data transparency and oversight in China, it would almost certainly be achieved via the IMF’s data dissemination standards.

China won’t want to backtrack from years of moving toward a more market-oriented approach.

Toronto-Dominion Bank (Mitul Kotecha, senior emerging markets strategist)

A simple agreement not to engage in competitive devaluation might be the most China will agree to. It’s unlikely they’d agree to prevent weakness against the dollar.

It’s possible they might consider volatility management, which might be more binding on the yuan downside.

Important to remember that a currency clause would be made legally binding by its inclusion in official trade agreement documentation.

Look to the U.S.-Mexico-Canada agreement signed last year and the U.S.-South Korea trade deal for clues. These deals included agreements to disclose all data on foreign-exchange activities, including amounts of intervention.

Ebury Partners (Enrique Diaz-Alvarez, chief risk officer)

China will likely commit to prevent further weakening of the yuan from current levels and make the currency more flexible in a trade deal with the U.S.

A more liberalized foreign-exchange market will allow China to promote the yuan’s global use.

Any explicit mention of the yuan in the trade deal would refer only to its rate against the dollar.

FXTM (Jameel Ahmad, global head of currency strategy & market research)

The U.S. may ask for reassurances that Chinese authorities will pledge stability in the yuan and will not allow the currency to weaken past a certain level against the dollar.

There wouldn’t be obstacles to implementing the deal from the side of China, which is armed with large foreign reserves and strong fiscal conditions.

A currency deal may strengthen the yuan by as much as 5 percent, which would be encouraging to emerging-market sentiment and help prolong the recovery in China’s stock markets this year.

A deal would also help the nation liberalize its financial markets.

A rally in the yuan will reduce inflationary pressures and increase consumer confidence and spending, which will help China make its economy more domestically-led.

Australia & New Zealand Banking Group (Khoon Goh, head of Asia research)

Whatever agreement is struck will most likely be similar to the currency chapter that was contained in the trade re-negotiations between the U.S., Canada and Mexico, where all parties agreed not to manipulate exchange rates.

A currency deal probably won’t have much material bearing for the yuan as Chinese authorities have tended to support the currency when it is weak rather than deliberately trying to weaken it.

While China publishes official foreign reserves data every month, an agreement may require it to go a step further and actively disclose actual intervention activity. This is unlikely to be a huge hurdle.

China would still like to see a stable exchange rate that will provide a conducive backdrop for ongoing reforms. It doesn’t want a currency that is too weak after the 2015 devaluation.

(Adds latest yuan level in fifth paragraph.)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More https://worldwide-finance.net/news/commodities-futures-news/analysts-doubt-depth-of-u-s-china-yuan-pact-as-talks-resume

[fxasker-blog]

DO Mbtrading OFFER SWAP-FREE ACCOUNTS?

DO Mbtrading OFFER SWAP-FREE ACCOUNTS? Read More http://fxasker.com/question/7ae183d78b1a05b5/ FXAsker

[marketinginnocom]

Giá vàng sắp đạt mức cao kỷ lục 1988 USD

New Post has been published on https://baongoaihoi.com/gia-vang-sap-dat-muc-cao-ky-luc-1988-usd/

Giá vàng sắp đạt mức cao kỷ lục 1988 USD

Giá vàng hôm nay thiết lập mốc mới

Vào cuối tuần vừa qua, sau những diễn biến mới nhất về quan hệ Trung-Mỹ, giá vàng hôm nay đã tăng vọt khi mở phiên và thiết lập mức cao kỷ lục mới. Vàng đã tiệm cận gần mức 1988 USD và bạc cũng nằm gần mức 24 USD.

Cuộc bầu cử ở Mỹ sắp tớ sẽ diễn ra vào ngày 3 tháng 11 với thời gian đếm ngược là 92 ngày. Khi ấy, tình hình giữa Trung Quốc và Mỹ có thể trở nên bất ổn hơn. Dự đoán sẽ có những tin tức mới làm thị trường dậy sóng. Tuần này, các nhà đầu tư còn tập trung vào báo cáo việc làm phi nông nghiệp tháng 7 ở Mỹ.

Diễn biến mối quan hệ bất hòa giữa Trung Quốc và Mỹ; Sự bùng phát nghiêm trọng của dịch bệnh; Việc Mỹ không triển khai gói kích thích tài khóa theo kỳ vọng và đồng USD giảm xuống mức thấp trong vài tuần là điều tích cực đối với vàng.

Giá vàng hôm nay đã tăng vọt khi mở cửa vào thứ Hai, lập kỷ lục mới cao gần chạm mốc 1988 USD, và giảm nhẹ ngay sau đó. Hiện giờ, vàng vẫn giao dịch gần mốc 1980 với mục tiêu xa vẫn là 2.000 USD.

Michael Hewson, chuyên gia phân tích thị trường của tổ chức CMC cho biết: “Ngay bây giờ, vàng đã trở thành tài sản trú ẩn an toàn nhất. Hewson tin rằng những kỳ vọng tích cực của thị trường về sự phục hồi kinh tế đang tiêu tan và giá vàng có thể sẽ sớm chạm mốc 2.000 USD / ounce”.

Peter Schiff, Giám đốc điều hành của Euro Pacific Capital, chia sẻ: “Theo dữ liệu trong quá khứ, tỷ lệ của chỉ số Dow Jones so với giá vàng cho thấy vàng vẫn còn chỗ cho sự tăng giá.

Chuyên gia phân tích nghiên cứu cấp cao của FXTM Lukman, ông Otunuga dự đoán: “Giá vàng có thể bất ngờ phá vỡ rào cản tâm lý 2.000 USD trong tuần tới. Tuy nhiên, thị trường kim loại quý có vẻ đang quá mua nghiêm trọng và chúng cần điều chỉnh trước khi thách thức mức cao lịch sử này.”

(Biểu đồ Giá vàng giao ngay trong ngày, Nguồn: FX128)

Ông nói rằng những nhà đầu tư tin rằng giao dịch vàng đang ngày càng trở nên đông đúc.

Giám đốc điều hành của Ngân hàng Hoàng gia Canada, George Gero chia sẻ: “Do sự bất ổn của thị trường, chúng ta rất khó để thấy giá vàng giảm trong ngắn hạn. Và hiện tại, vàng đang là công cụ phòng ngừa rủi ro duy nhất dưới sự mất giá của tiền tệ”.

Tuy nhiên, Gero thông tin thêm: “Khi giá vàng đạt mức cao kỷ lục và biến động tăng. Giao dịch vàng sẽ rất khó. Do đó, các nhà đầu tư cần phải có một tầm nhìn chiến lược xa hơn: mua vào giảm giá và kiếm lợi nhuận sau các cuộc biểu tình”.

Phillip Streible, chiến lược gia thị trường, cũng khuyến nghị các nhà đầu tư nên mua trên thị trường chứng khoán. Vì sự điều chỉnh nông hiện tại thể hiện tiềm năng lớn.

“Tôi không nghĩ bạn nên mua ở điểm đột phá trên 2.000 USD. Bạn sẽ có nguy cơ khi mua ở điểm cao. Thay vào  đó, bạn có thể mua ở mức thấp ở khoảng 1.900 USD.” – Phillip nói thêm

[yamatodenniskasukawa-blog]

Dennis Kasukawa - Yamato Kasukawa | Thinking about Investing? Believe the Bitcoin Way

What is Bitcoin?

  If you're right here, you have actually come across Bitcoin. It has been one of the largest regular information headlines over the last year or so - as a get rich quick system, completion of money, the birth of truly international money, as the end of the globe, or as a modern technology that has boosted the globe. Yet what is Bitcoin?

  In other words, you might say Bitcoin is the initial decentralised system of cash used for online transactions, however it will possibly work to dig a bit deeper.

  We all recognize, in general, what 'loan' is and what it is made use of for. The most substantial problem that saw in cash usage before Bitcoin connects to it being centralised as well as regulated by a single entity - the centralised banking system. Bitcoin was designed in 2008/2009 by an unidentified maker that passes the pseudonym 'Yamato Kasukawa - Dennis Kasukawa' to bring decentralisation to cash on a worldwide scale. The suggestion is that the money can be traded throughout worldwide lines with no problem or charges, the checks and also balances would certainly be dispersed throughout the entire globe (as opposed to just on the ledgers of exclusive corporations or federal governments), and also money would certainly end up being much more autonomous as well as equally available to all.

  Exactly how did Bitcoin begin?

  The idea of Bitcoin, and also cryptocurrency generally, was begun in 2009 by Satoshi, an unidentified researcher. The factor for its development was to solve the concern of centralisation in the use of money which count on banks and computers, a problem that numerous computer scientists weren't happy with. Achieving decentralisation has been tried considering that the late 90s without success, so when Satoshi published a paper in 2008 giving a solution, it was overwhelmingly welcomed. Today, Bitcoin has ended up being a familiar money for net users and also has actually generated hundreds of 'altcoins' (non-Bitcoin cryptocurrencies).

Yamato Kasukawa

Exactly how is Bitcoin made?

                Bitcoin is made with a process called mining. Much like paper currency is made through printing, and gold is mined from the ground, Bitcoin is produced by 'mining'. Mining involves fixing of complex mathematical problems regarding blocks utilizing computer systems and also including them to a public journal. When it started, a simple CPU (like that in your house computer) was all one needed to mine, however, the level of problem has actually raised considerably as well as now you will require specialised equipment, consisting of high-end Graphics Processing System (GPUs), to draw out Bitcoin.

  Exactly how do I invest?

  First, you need to open an account with a trading system as well as create a budget; you can locate some examples by browsing Google for 'Bitcoin trading system' - they generally have names entailing 'coin', or 'market'. After signing up with among these systems, you click the properties, and after that click crypto to select your preferred currencies. There are a lot of indicators on every platform that are fairly vital, and you must make sure to observe them prior to spending.

  Merely buy and also hold

  While mining is the best and, in such a way, most basic means to earn Bitcoin, there is way too much hustle included, as well as the price of power as well as specialised hardware makes it unattainable to a lot of us. To stay clear of all this, make it easy for yourself, directly input the quantity you desire from your bank and click "buy', then unwind as well as see as your investment raises according to the price modification. This is called trading and also occurs on several exchanges systems available today, with the ability to trade between various fiat currencies (CAD, AUD, GBP, etc) as well as different crypto coins (Bitcoin, Ethereum, Litecoin, etc).

  Trading Bitcoin

  If you are familiar with stocks, bonds, or Forex exchanges, after that you will recognize crypto-trading easily. There are Bitcoin brokers like e-social trading, FXTM markets.com, and also numerous others that you can pick from. The systems offer you with Bitcoin-fiat or fiat-Bitcoin money pairs, example BTC-CAD suggests trading Bitcoins for CANADA Dollars. Maintain your eyes on the rate modifications to locate the ideal set according to rate adjustments; the platforms offer price among other indicators to provide you proper trading ideas.

  Bitcoin as Shares

  There are additionally organisations establish to permit you to acquire shares in companies that buy Bitcoin - these business do the backward and forward trading, as well as you just buy them, as well as wait for your regular monthly benefits. These companies simply pool electronic money from various capitalists and also buy their part.

Dennis Kasukawa

Why should you purchase Bitcoin?

  As you can see, buying Bitcoin needs that you have some standard expertise of the money, as explained over. As with all financial investments, it includes risk! The question of whether or not to spend depends entirely on the person. However, if I were to provide suggestions, I would certainly advise in favor of investing in Bitcoin with a factor that, Bitcoin keeps growing - although there has actually been one significant boom and bust period, it is highly likely that Cryptocurrencies as a whole will remain to enhance in value over the next ten years. Bitcoin is the most significant, as well as many popular, of all the present cryptocurrencies, so is an excellent place to start, as well as the safest bet, currently. Although unstable in the short term, I presume you will locate that Bitcoin trading is more profitable than a lot of various other endeavors.

[investmart007]

LONDON | Global shares solid as US and Mexico reach trade agreement

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LONDON��| Global shares solid as US and Mexico reach trade agreement

LONDON  — News that the U.S. has reached a preliminary agreement with Mexico on replacing a North American free-trade deal has helped shore up global stock markets on Tuesday.

KEEPING SCORE: In Europe, France’s CAC 40 rose 0.3 percent to 5,496, while Germany’s DAX was up 0.2 percent at 12,561. Britain’s FTSE 100 gained 0.3 percent to 7,600. U.S. shares were poised for a solid opening with Dow futures and the S&P 500 futures up 0.2 percent.

TRADE DEAL: On Monday, the Trump administration reached a preliminary deal with Mexico to replace the North American Free Trade Agreement. President Donald Trump suggested that he might leave Canada, America’s No. 2 trading partner, out of a new agreement and that he wanted to call the revamped trade pact “the United States-Mexico Trade Agreement” because, in his view, NAFTA had earned a reputation as being harmful to American workers.

ANALYST TAKE: “A renewed sense of positivity and optimism continues to be felt across financial markets after the United States and Mexico reached a breakthrough deal over the NAFTA trade agreement,” said Lukman Otunaga, research analyst at FXTM. “This highly encouraging development may ease trade war fears, elevate global sentiment and stimulate appetite for riskier assets. Although it remains uncertain whether Canada will join the agreement, there is an expectation that the nation agrees to the new terms in an effort to conserve the three-nation pact.”

ASIA’S DAY: Japan’s benchmark Nikkei 225 finished at 22,813.47, up 0.1 percent. Australia’s S&P/ASX 200 gained 0.6 percent to 6,304.70. South Korea’s Kospi edged up 0.2 percent to 2,303.12.

Hong Kong’s Hang Seng added 0.2 percent to 28,333.14 after fluctuating throughout the day. The Shanghai Composite index inched down 0.1 percent to 2,777.98, adjusting from its gains the previous day.

ENERGY: Benchmark U.S. crude was up 6 cents at $68.93 a barrel while Brent crude, used to price international oils, rose 50 cents to $76.71 a barrel.

CURRENCIES: The euro was up 0.2 percent at $1.1703 while the dollar was steady at 111.04 yen.

By Associated Press

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World stocks hit six-month high as NAFTA deal eases trade war fears

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World stocks hit six-month high as NAFTA deal eases trade war fears

LONDON (Reuters) – World stocks rose to a six-month high on Tuesday, lifted by investor optimism that a U.S.-Mexico deal to overhaul the North American Free Trade Agreement will go some way to averting a global trade war.

FILE PHOTO: A worker walks in a container area at a port in Tokyo, Japan January 25, 2016. REUTERS/Toru Hanai/File Photo

Investors expect Canada too will agree to the new terms to preserve a three-nation pact, while U.S. President Donald Trump and German Chancellor Angela Merkel spoke by telephone and the two leaders “strongly supported ongoing discussions” on trade, according to the White House.

European and Asian shares followed Wall Street’s lead, inching to multi-month highs after the S&P 500 and Nasdaq indexes surged to fresh records on Monday led by gains in technology stocks.

The dollar slipped to a four-week low and implied volatility across currencies and equity markets also eased, as investors took on greater risk appetite. Emerging market stocks hit their highest since Aug. 9.

“Global trade tensions have undoubtedly been the most significant source of risk in 2018,” said Hussein Sayed, chief market strategist at FXTM.

“The U.S.��Mexico deal seemed to boost confidence that the trade war is moving closer to an end, and the next question is who’s next to close a deal with Trump?” he said.

MSCI’s benchmark world share index followed on from Monday’s best performance in over four months, rising 0.15 percent, while MSCI’s index of Asia-Pacific shares outside Japan climbed 0.5 percent.

A pan-European share index rose 0.3 percent for a third straight day of gains. Auto stocks continued to rally, adding 1.3 percent after enjoying their best day in a month on Monday – German carmakers rely on smooth trade between Mexico and the United States to sell Mexican-assembled vehicles into U.S. markets.

However, some analysts were cautious about the rally. Paul Donovan, chief economist at UBS Global Wealth Management, noted markets were assuming already that Canada would join the new U.S.-Mexico deal, but said: “it is not a zero risk process”.

“If Canada does not join, then getting the agreement of (U.S.) Congress will be trickier, as fast-track authorization probably will not hold,” he said.

FILE PHOTO: A man walks in front of a screen showing today’s movements of Nikkei share average outside a brokerage in Tokyo, Japan, June 2, 2016. REUTERS/Issei Kato/File Photo

Disputes between the United States and its trading partners have been a drag on investor sentiment for much of the year despite solid economic fundamentals and two robust quarters of corporate earnings.

And the toughest battle in the trade war – with China – still looms. The United States and China held two days of talks last week without a major breakthrough, as another round of tariffs came into effect.

The U.S. Commerce Department also said on Monday that Chinese steel wheels exports were heavily subsidized and that it could impose duties on the product.

Chinese stocks were steady to weaker, though Hong Kong’s Hang Seng index gained 0.6 percent.

JPMorgan analysts said the trade deal was not necessarily positive for the outcome of talks with China, though they said risks of a generalized global trade war had abated somewhat.

“Despite this, Asia-Pacific equities including HK/China should benefit from the weaker U.S. dollar and risk-on moves,” they added.

The dollar paused near one-month lows against a basket of currencies and the euro was near a one-month top at $1.1680. The greenback’s index has retreated from near 14-month highs and its losses accelerated last week after U.S. Federal Reserve chair Jerome Powell disappointed dollar bulls by signaling only a gradual pace of rate rises,

U.S. economic data – with consumer confidence figures due later in the day and the latest estimate for second-quarter gross domestic product expected on Wednesday – could determine the dollar’s further moves.

But its pullback has offered some respite to battered emerging and commodity-reliant currencies. South Africa’s rand has pulled off two-year lows hit earlier this month <ZAR=D3 while the Australian dollar, often used as a liquid hedge for global growth, is well above recent 1-1/2 year troughs.

There are exceptions, however. The Turkish lira fell another 1.5 percent against the dollar, adding to Monday’s 2 percent fall as concerns have not abated about Turkey’s rift with Washington and its monetary policies.

Italian borrowing costs too rose to three-month highs after Deputy Prime Minister Luigi Di Maio said the country’s public deficit could exceed the European Union’s ceiling of 3 percent of gross domestic product next year.

To read Reuters Markets and Finance news, click here

Reporting by Sujata Rao; Additional reporting by Swati Pandey in Melbourne; Editing by Mark Potter

Our Standards:The Thomson Reuters Trust Principles.

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Asia shares rise for a third day, pound bewildered by politics

SYDNEY (Reuters) – Asian shares rallied for a third session on Tuesday as hopes for upbeat corporate earnings buoyed Wall Street, while several high-profile resignations from Britain’s government kept sterling on the defensive.

FILE PHOTO: People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018. REUTERS/Toru Hanai

MSCI’s broadest index of Asia-Pacific shares outside Japan put on 0.4 percent in early trade, adding to a 1.3 percent rise on Monday.

Japan’s Nikkei climbed about 1 percent and South Korea 0.5 percent, while E-mini futures for the S&P 500 firmed 0.2 percent.

Chinese shares were a bit soft with Shanghai blue chips off 0.2 percent after climbing 2.8 percent on Monday for the biggest daily jump since August 2016.

Both the Dow and S&P 500 boasted their biggest gains in more than a month overnight, as bank shares jumped ahead of earnings reports later this week. The S&P banks index posted its sharpest rise since March 26.

The Dow rose 1.31 percent, while the S&P 500 gained 0.88 percent and the Nasdaq 0.88 percent.

“Many investors are looking ahead to second-quarter earnings season, which begins in earnest Friday…to see how the trade threat is affecting companies,” said James McGlew, Perth-based analyst at stockbroking firm Argonaut.

Investors have been on edge recently with the United States and China slapping levies on each other’s exports, spurring fears of a global growth slowdown and hurting stocks and commodities.

The story in currency markets was all about political capers in London.

Prime Minister Theresa May’s foreign minister and Brexit negotiator quit on Monday in protest at her plans to keep close trade ties with the European Union after Britain leaves the bloc, stirring rebellion in her party’s ranks.

Foreign Secretary Boris Johnson stepped down just hours after Brexit minister David Davis’s resignation, emboldening some in her Conservative Party to mull a plot to unseat her.

The uncertainty saw sterling sink as deep as $1.3189 at one stage before bouncing somewhat to $1.3254. It was last down 0.1 percent at $1.3248.

Markets still think it likely the Bank of England will hike rates in August, but a full-blown political crisis could change that.

“Heightened political risk at home coupled with Brexit uncertainty may prompt the BOE to repeatedly delay monetary policy normalization in 2018,” said Lukman Otunuga, a research analyst at broker FXTM.

“If expectations continue to diminish over the central bank raising UK interest rates, sterling is at risk of experiencing heavy losses down the road.”

The pound’s pain was a boon for the U.S. dollar which rallied broadly on expectations the Federal Reserve will keep raising its interest rates.

Against a basket of currencies, the dollar bounced to 94.083 from a low of 93.713. The dollar also edged up to 111.01 yen, from a trough of 110.30.

The euro was back at $1.1755, having run into profit-taking at a three-week peak of $1.1790 overnight.

In commodity markets, oil gained on supply disruptions in Canada and Libya and ahead of looming sanctions on Iran. [Q/R]

U.S. crude added 14 cents to $73.99, while Brent rose 23 cents to $78.30 a barrel.

Spot gold was a fraction firmer at $1,259.02.

Reporting by Wayne Cole and Swati Pandey; Editing by Eric Meijer and Sam Holmes

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