EKONOMİK TAKVİM 09.05.2024

#ABD
#Fed
#DXY
#XAUUSD
#XAGUSD
#ECB
#BOE
#PBOC
#BOJ

PBOC 1Q2024 survey shows Chinese residents still tend to build up savings.
Price Expectations Index 56.1%, down 3.1 pps from 4Q2023.
#China #EconTwitter

The PBoC continues to report higher gold reserves. They likely remain substantially underreported.

#Gold

China's so-called policy banks are turning away from the central bank as a source of funding and rushing to raise debt instead trib.al/U0AVNCJ

PBoC buys gold for 18th straight month, but April also marked second month of sharply lower purchases kitco.com/news/article/2… #kitconews

#China Gold Buying Slows as Reserves Grow for 18th Straight Month
PBOC buying fell in April amid bullion’s record-breaking rally
Goldman sees emerging market central banks continuing to buy
bloomberg.com/news/articles/…

Nisan ayında Çin Merkez Bankası (PBOC) tarafından tutulan külçe altın miktarı 60 bin ons arttı.

Bu artış, yaklaşık 1,87 ton olarak ifade edilirken, banka'nın toplam altın rezervleri 2.264,3 tona çıktı.

Detaylar⬇️
ninjanews.io/haber/cin-merk…

China's so-called policy banks are turning away from the central bank as a source of funding and rushing to raise debt instead trib.al/4lQWcHU

“If China attacks anybody, we can legally take Chinese assets.”

This is why the PBoC is selling treasuries to buy gold. It’s pretty simple.

#gold
Ernest Hoffman, Kitco
PBoC buys gold for 18th straight month, but April also marked second month of sharply lower purchases.

EKONOMİK TAKVİM 07.05.2024

#ABD
#Fed
#DXY
#XAUUSD
#XAGUSD
#ECB
#BOE
#PBOC
#BOJ

PBOC added 60k troy ounces of Gold to its reserves in April = 18th straight month of buying

⚡PBOC cuts the $CNY Central Parity Rate by 14 pips to 7.1016 per USD, 1,143 pips stronger than market expectations.
#China $USDCNY $USDCNH

PBOC SELLS 2 BILLION YUAN OF 7-DAY REVERSE REPO AT 1.8%

🇨🇳PBOC's gold reserves 🧈 increased by 60K ounces from the previous month, reaching a new high of 72.8 million ounces in April 2024. This marks the 18th consecutive month of increase, although it is the smallest increment in 18 months. Over the past 18 months, China's gold…

EKONOMİK TAKVİM 08.05.2024

#ABD
#Fed
#DXY
#XAUUSD
#XAGUSD
#ECB
#BOE
#PBOC
#BOJ

Nisan ayında Çin Merkez Bankası (PBOC) tarafından tutulan külçe altın miktarı 60 bin ons arttı.

Bu artış, yaklaşık 1,87 ton olarak ifade edilirken, banka'nın toplam altın rezervleri 2.264,3 tona çıktı.

Fascinating piece from Eric Yeung 👍🚀🌕.

Reminds us of this from March 2011 when the PBOC recommended #Gold :

forbes.com/sites/robertle…

Chinese state media is reporting the PBOC is likely to cut its RRR in Q2 2024
forexlive.com/centralbank/ch…

I've re-entered USDHKD in anticipation of it following USDCNH's vicious snapback.

I've commented in the past that the PBOC/HKMA seems to only fight one battle at a time. When they next intervene in USDCNH is when they let USDHKD go I think.