MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

MNI: UK JUN M4 MONEY SUPPLY +0.5% M/M, +1% Y/Y

Riksbank Shouldn’t Place Too Much Weight On The Q2 GDP Indicator

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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HSBC have put out a tactical trade to buy.....>

FOREX
FOREX: HSBC have put out a tactical trade to buy AUDNZD at $1.0840, target
$1.1100, stop at $1.0690. HSBC add, with all the risks in the mix for November,
it would be tempting to look to the safe haven plays but with so little clarity
on how issues like Brexit or trade wars might develop, it is more about
volatility than a directional call on the safe havens. It is also not helpful
that the CHF appears to have abandoned its safe haven allure. And so we turn to
the crosses this month for our favoured trade. We look for upside in AUD-NZD on
the basis of a mismatch with rate differentials and the AUD's better position to
capitalise on China's domestic stimulus as well as any progress in trade talks.
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Energy BulletsCommodities

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