- MarketPulse - https://www.marketpulse.com -

Red Knight to Buy US and Europe

Anyone disappointed in how the Euro summit concluded, giving us a rather underwhelming result, must have taken heart in China’s fund announcement. Is the ‘Red Knight’ coming to global Capital Markets rescue again? China is planning to create two investment funds focused on the US and Europe respectively, for a total +$300b. Their aim is to boost returns on its foreign exchange reserves. The “vehicle” is to operate two funds and supposedly make more aggressive investments to produce higher returns. China is trying not to put all its eggs in one basket it seems.

Below are some other highlights of the week:


ASIA

 

AMERICAS Week in FX [1]
EUROPE Week in FX [2]

 

WEEK AHEAD

  • We start the week with CNY and AUD Trade Balances
  • Inflation reports and hearings come to us from GBP and US
  • FOMC rate decision on Tuesday and SNB on Thursday
  • Germany gives us her ZEW Economic sentiment
  • Claimant changes are presented in the UK and US
  • The USD and GBP deliver us Retail sales
  • Philly Fed Manufacturing ends the week for the US

 

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Dean Popplewell

Dean Popplewell [7]

Vice-President of Market Analysis at MarketPulse [8]
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell
Dean Popplewell

Latest posts by Dean Popplewell (see all [7])