Commodity Trade Mantra

Posts Tagged ‘Chinese Currency’

Here Is Why The US Dollar Collapse Is Imminent

The list of reasons why the US dollar could collapse is getting bigger daily. Here are some factors – Reckless monetary policies by the Federal Reserve. U.S. national debt continues to increase. Other currencies like the Chinese yuan are gaining a significant amount of attention on a global level. Central banks are starting to lose trust in the US dollar as well. Read more…

Beijing & the West Together Manipulate the Global Currency War

So why is the world of currency diplomacy now playing along with the nonsense of the IMF examining whether the Chinese yuan has met the criterion to become a reserve currency? Why is the Western world playing along with the official Chinese currency charade? Why do Western governments pursue non-market trade diplomacy so enthusiastically with Beijing?

The Dollar Will Not Be Overthrown in October (Part II)

The Fed’s talk about raising interest rates is making the dollar stronger, but it’s also making the yuan stronger due to the peg. China has to tighten its monetary policy by buying yuan & selling dollars to maintain the peg, at a time when China is slowing & should be easing, not tightening, policy. So finally, China threw in the towel and broke the peg to the dollar on August 11.

Did China Kick-Start A New Bull Market In Gold?

There is reasonable chance that China kicked off the bull market in gold. China ‘de-pegged’ in a way its currency from the dollar. The second biggest economy in the world, which is on its way to become the biggest economy worldwide, did say ‘goodbye’ to the dollar reserve currency. Because of that, it is now, more than ever relying on its ‘real’ monetary reserve – GOLD.

India, Russia And Thailand Prepare For Currency War

When China sneezes, the world catches a cold. Alternatively, when China devalues, the rest of the (exporting) world scrambles to not be the last (exporting) nation standing, and to do so next, before everyone else does. Case in point, at least three major emerging market nations announced they are bracing for a currency war.

After The Chinese Currency Devaluation, Who's Next?

On a broader level, the currency devaluation signals PBOC’s eagerness to join the global currency wars. With the competitive currency devaluation by various central banks gaining momentum but global trade slowing, the latest CNY devaluation could be seen as likely to force other central banks to consider similar measures before long.

The Next Gold Bull Market Starts Before October

China believes the renminbi is “ready for reserve status.” What’s the connection to gold? If Chinese officials seek “reserve” status for the currency, they’ll want to announce their updated gold holdings beforehand. Demonstrating they hold ample gold reserves puts the currency on more solid footing.

China Takes Aim At Dollar Reserve Status: Promotes Yuan In Investment Bank

Beijing will push for the yuan to be included in a basket of currencies used to denominate and settle loans from the Chinese-led Asian Infrastructure Investment Bank (AIIB). China would push for broader use of the yuan at the AIIB and the Silk Road Fund, as part of efforts to promote the yuan as an international currency.

How, Why & What on Manipulation in Gold and Silver Markets

China and the East are in the process of taking away the silver and gold pricing mechanism from New York and London & there is absolutely NOTHING the West can do about it! If there are 2 different prices for one ounce of silver or gold, which one will be the real one & designate the price for a real ounce to change hands.

China Launches CNY500 Billion In "Stealth QE"

Will the PBOC’s Short-term Lending Facility (SLF) evolve into China’s version of QE? While investor attention has been fixated on China’s deteriorating PMI reports and fears of a widening credit crisis, China’s central bank is operating behind the scenes to prevent a wide-scale financial panic.

Over the last few weeks there has been a significant interest in the market from large Russian companies that are now preparing to switch contracts to renminbi & other Asian currencies amid fears that western sanctions may freeze them out of the US dollar market. It looks like this is not just a blip, this is a trend.

World Bank Ex-Chief Economist Calls For End To Dollar As Reserve Currency

Former World Bank chief economist Justin Yifu Lin warns that the dominance of the greenback is the root cause of global financial & economic crises. The solution to this is to replace the national currency with a global currency. Internationalizing the Chinese currency is not the answer, either.

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