China H1 trade surplus stood at CNY 1.28tln

China Customs Department published the trade data (Yuan terms) for the first half of 2017, not just June alone, showing a trade surplus of 1.28tln Yuan. China’s exports jumped +15% y/y in H1, while imports climbed +0.25.7% y/y during the six months January to June.

USD/CAD - 25 Delta Risk Reversals drop, more losses ahead?

The sharp sell-off in the USD/CAD pair ran out of steam near 12672 (38.2% Fib R of July 2011 low - Jan 2016 high) in the overnight trade, allowing for
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PBOC injects funds via MFL operation today

The Chinese central bank, PBOC, did not conduct Open Market Operations (OMOs) today, instead injected CNY 360 billion funds via 12-month Medium-term L
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