In everyday speech, the yuan is on trend. Not only does it define the state of one of the world's biggest economic superpowers, but it is also central to one of the most debated issues involving China today. Chinese money, however, comes by two names: the Yuan (CNY) and the people's renminbi (RMB). The distinction [...]
Aussie seems to struggle against the greenback after the release of downbeat data from China. Chinese Retail Sales and Industrial Production data data arrived as follows: Chinese Surveyed Jobless Rate Apr: 5.1% (exp 5.4%; prev 5.3%). Chinese Fixed Assets Ex-Rural YTD (YoY) Apr: 19.9% (exp 30.3%; prev 25.6%) - Property Investment YTD (YoY) Apr: 21.6% [...]
Fundamental view: Bitcoin has seen a sharp fall in the last week. Elon Musk revealed Tesla’s decision on accepting payment in BTC, He tweeted on May 13 that the electric car maker will no longer accept payment in BTC. This was the major highlight of the week which lead to the fall, with the recent [...]
Fundamental view: The gold initially fell during the course of the week but later turned around to show signs of strength. The US inflation has extended a helping hand to the yellow metal. The data published by the US Bureau of Labor Statistics revealed on Wednesday that annual inflation, as measured by the Consumer Price [...]
