PBOC drains a net 625 bln Yuan this week via Maturing Reverse Repos

China’s central bank, the PBOC drained a net 625 bln Yuan for the week via maturing reverse repos this week, while the bank skipped open market operations for the sixth day-in-a row.

PBOC gauged demand for 7, 14 & 28 day reverse repos.

Feb 10, 2017

Gold drops 1% as Treasury yields rally

Gold is fast losing height, now down 1% at $1224/Oz as Trump’s tax talk boosted the risk appetite and pushed the treasury yields higher. Strong supp

Natixis sees further downside potential in EUR/AUD cross

Natixis FX Trends Daily note details the bearish technical set up on the EUR/AUD cross. Key points The increase in the daily volatility and the sell