Nowy123 pisze:... wraz z acesnianiem monetarnym z Chinami i ze przelomowy 2014 bedzie
CHINA FX: The onshore yuan fix at Cny6.1440 was a bit higher than the market
expected Weds and triggered a modest rally in offshore dollar-CNY, from a low of
CNY6.1838 to a a high of CNH6.2046. USDCNH holds at Cnh6.2019 currently. The
break above Cnh6.2000 suggested scope for a move toward the Cnh6.2120/26 highs
traded last Thurs/Friday. BNP Paribas analysts no longer look for further CNH
weakness towards 6.25 in the near-term. "Spot USD/CNH tested above 6.20, which
many had cited as pain threshold for corporates' derivative exposures - but
there was little follow-through," they say. In addition, "implied vols came off
sharply," they say, "Looks like the corporates are simply sitting out the
storm." BNPP's conversations last week with macro investors in the US found that
the majority of the leveraged community were positioned for further USDCNH gains
(no CNH bulls around!). BNPP does not look to sell USDCNH at current levels. "We
think PBoC still prefers a weak currency as part of its effort to ease financial
conditions," BNPP says. "But the central bank is likely aware that weakening it
drastically will open up a new can of worms in the form of potential losses for
corporates and an international backlash," the analysts say.
)... 
. Dlaczego ignorujesz jeszcze bardziej istotna korelacje FED SHEET i S&P ?
