Goldman Sachs analyst Hui Shan expects China's central bank to reduce the reserve requirement ratio (RRR) in the third and fourth quarters, aiming to manage the decline in long-term yields. This move comes in response to rising bond prices and weak aggregate demand. The People's Bank of China (PBOC) is also focused on reducing financing costs for companies and...
ECONOMICS:CNGDPQQ (Q2/2024) - The Chinese economy expanded 4.7% yoy in Q2 2024, missing market forecasts of 5.1% and slowing from a 5.3% growth in Q1. It was the weakest advance since Q1 2023, amid a persistent property downturn, weak domestic demand, falling yuan, and trade frictions with the West. In June, retail sales rose the least in near 1-1/2 years...
This weekly chart of the YANG /YINN ratio explains the rationale of the demonstration of the market cycle over the period of a few years as it relates to taking a swing trade in one or the other and finding the likely pivot points based on resistance and support as static levels or importance. Dynamic levels using an anchored VWAP and also a Bollinger Band are...