Saxo Group Videos

Jakobsen: China made a massive move this week and here's why

During a week when China took a massive move towards the eventual, and now it seems inevitable, liberalisation of the Yuan, Saxo Bank's Chief Economist Steen Jakobsen has been analysing the investment conclusions.

So, how does this affect traders positions? Steen argues that the USD will see weakness against the euro, gold will gain as Chinese investors look to the metal as a means of avoiding further CNY devaluation and China will avoid a 'hard landing' because other economic indicators, such as electricity consumption, appear positive.

04:35 minutes
Tags: cg, change, chart, charts, chf, chfeur, chfusd, chief economist, china, china 2014, china banks, china consumer spending, china credit bubble, china deflation, china economy, china economy growth, china equity market, china exports, china gdp, china gold, china growth, china in 2014, china manufacturing, china mobile, china outlook, china pmi, china policy, china politics, china rates, china slowdown, china stimulus, china stock market, china trade data, chinaeconomy, chinarai, chinese, chinese banking sector, chinese banks, chinese consumption, chinese economy, chinese economy outlook, chinese foreign reserves, chinese gdp, chinese growth, chinese interest rates, chinese rates, chinese retail, chinese stock market, chinese stocks, chinese yuan, christianblaabjerg, christmas, foreign exchange, foreign exchange market, forex, forex 2014, forex 2014 outlook, forex buying, forex eurusd, forex exchange, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex strategy, forex trade idea, forex trading, forex trading 2014, forextrading, fx, saxo bank, saxo tv, steen jakobsen, trading, tradingfloor.com, us, us dollar, us economy, usd, usdeur, usdjpy, yuan, yuan devaluation

Switch to