Global Macro Strategist, Westbourne Research Services

Sharmila Whelan

Global Macro Strategist

Macroeconomic, Geopolitical and Policy Forecasting

Westbourne Research Services

Westbourne Research is a global macroeconomic, geopolitical and policy forecasting and strategic advisory consultancy. Located in London, UK and serving clients globally. Our knowledge is deep, spanning all asset classes and key industrial sectors. Our perspective is global. Our presence is expansive, with 30 years analysing and working in developed and emerging markets. We are uniquely India and China specialists.

Macroeconomics

<ul>
<li>We still like the US dollar this year but medium to long-term the currency is challenged.</li>
<li>The share of the dollar in international reserves is declining steadily.</li>
<li>The biggest threat is not renminbi internationalisation by mBridge and other multi central bank digital currency platforms. </li>
</ul>


We still like the US dollar this year but medium to long-term the currency is challenged.
The share of the dollar in international reserves is declining steadily.
The biggest threat is not renminbi internationalisation by mBridge and other multi central bank digital currency platforms. 


Challenges To The Dollar - Make For A Sell

Global Commodities, Mint Finance

Srinidhi Raghavendra

Global Commodities

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, deep purple, to rusty red. The iron itself is usually found in the form of magnetite (Fe3O4, 72.4% Fe), hematite (Fe2O3, 69.9% Fe), goethite (FeO(OH), 62.9% Fe), limonite (FeO(OH).n(H2O)) or siderite (FeCO3, 48.2% Fe).

<ul>
<li>Mixed steel prices reflected short-term boosts from rising hot metal output and policy support, offset by lingering property sector woes, trade uncertainties, and structural market challenges.</li>
<li>IO prices consolidated and closed slightly above the 200-day DMA indicating the strengthening of the bullish trend. Bulls risk facing a consolidation or downward correction from these levels. </li>
<li>Managed Money, Physicals participants &amp; Others are net short with 129.1k, 5.1k &amp; 18.6k lots respectively across all F&amp;O expiries. Managed Money decreased net shorts while FIIs decreased net longs.</li>
</ul>


Mixed steel prices reflected short-term boosts from rising hot metal output and policy support, offset by lingering property sector woes, trade uncertainties, and structural market challenges.
IO prices consolidated and closed slightly above the 200-day DMA indicating the strengthening of the bullish trend. Bulls risk facing a consolidation or downward correction from these levels. 
Managed Money, Physicals participants &amp; Others are net short with 129.1k, 5.1k &amp; 18.6k lots respectively across all F&amp;O expiries. Managed Money decreased net shorts while FIIs decreased net longs.


Iron Ore Weekly TA Review [2025/04]: Continued Bullishness Pre-CNY

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

China Mobile Limited provides telecommunication services. The Company offers wireline voice, broadband, roaming, and other related services. China Mobile serves customers in Hong Kong.

<ul>
<li>A bad week for HK and Chinese shares. National Team buying seems lighter into the waning days of the Year of the Rabbit.</li>
<li>Net SOUTHBOUND buying was HK$4.0bn in the shortened pre-holiday week.</li>
<li>Remarkable this past week, again, was the tendency to net sell names which were down hard, and net buy names which have been performing well.</li>
</ul>


A bad week for HK and Chinese shares. National Team buying seems lighter into the waning days of the Year of the Rabbit.
Net SOUTHBOUND buying was HK$4.0bn in the shortened pre-holiday week.
Remarkable this past week, again, was the tendency to net sell names which were down hard, and net buy names which have been performing well.


HK Connect SOUTHBOUND Flows (To 9 Feb 2024); Net Tech Selling STILL, Net SOE Buying, STILL

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Crypto

The e-CNY, also known as Digital yuan or digital RMB introduced by PBOC (People Bank of China), is the electronic form of Chinese Renminbi, and like Chinese Renminbi, it aims to circulate around deposit accounts and other transactions method. China has adopted to work on a mechanism of the cashless economy through Chinese digital currency e-CNY targets to replace the dollar as the world’s reserve currency.

<ul><li>China further expanded the use of the digital yuan by enabling consumers to use it to pay utility bills. </li><li>The digital yuan, also known as the e-CNY, is a legal currency in digital form issued by the central bank.</li><li>The People’s Bank of China (PBOC) recently updated its e-CNY mobile wallet app, adding new features that allow users to pay water, gas, electricity, heating and phone bills with the digital yuan. </li></ul>

China further expanded the use of the digital yuan by enabling consumers to use it to pay utility bills. The digital yuan, also known as the e-CNY, is a legal currency in digital form issued by the central bank.The People’s Bank of China (PBOC) recently updated its e-CNY mobile wallet app, adding new features that allow users to pay water, gas, electricity, heating and phone bills with the digital yuan. 

China Expands Use of Digital Yuan to Covering Utility Bills

e-HKD is Hong Kong's retail central bank digital currency (CBDC)

<ul><li>Hong Kong laid out an ambitious plan to develop its own retail central bank digital currency (CBDC), the e-HKD, and will start a pilot in the fourth quarter</li><li>The e-HKD is not to replace Hong Kong dollar bills, which will remain legal tender, but to provide a new payment method for citizens</li><li>Issuance of the Hong Kong digital currency for retail use is expected to play an important role in the economy and have a broad interface with the public</li></ul>

Hong Kong laid out an ambitious plan to develop its own retail central bank digital currency (CBDC), the e-HKD, and will start a pilot in the fourth quarterThe e-HKD is not to replace Hong Kong dollar bills, which will remain legal tender, but to provide a new payment method for citizensIssuance of the Hong Kong digital currency for retail use is expected to play an important role in the economy and have a broad interface with the public

Hong Kong to Start Trial of E-HKD in Fourth Quarter

Central Bank Digital Currency (CBDC)
New Reserve

Challenges To The Dollar - Make For A Sell

These are the reasons why Trump cannot afford to prolong the trade war and needs quick wins. It is also the reason China is not in a hurry to re...

Sharmila Whelan

Iron Ore Weekly TA Review [2025/04]: Continued Bullishness Pre-CNY

Steel prices face short-term boosts from rising hot metal output and policy support. IO prices show bullish trend strengthening pre-CNY but risks...

Mint Finance

HK Connect SOUTHBOUND Flows (To 9 Feb 2024); Net Tech Selling STILL, Net SOE Buying, STILL

SOUTHBOUND saw net buying on this shortened week pre-CNY as stocks rebounded from the previous week's dramatic selloff. High Div SOEs were bought...

Travis Lundy

China Expands Use of Digital Yuan to Covering Utility Bills

China further expanded the use of the digital yuan by enabling consumers to use it to pay utility bills. The digital yuan, also known as the e-CNY,...

Caixin Global

Hong Kong to Start Trial of E-HKD in Fourth Quarter

Hong Kong laid out an ambitious plan to develop its own retail central bank digital currency (CBDC), the e-HKD, and will start a pilot in the...

Caixin Global

Challenges To The Dollar - Make For A Sell

These are the reasons why Trump cannot afford to prolong the trade war and needs quick wins. It is also the reason China is not in a hurry to re...

Sharmila Whelan

Iron Ore Weekly TA Review [2025/04]: Continued Bullishness Pre-CNY

​Steel prices face short-term boosts from rising hot metal output and policy support. IO prices show bullish trend strengthening pre-CNY but risks...

Mint Finance

HK Connect SOUTHBOUND Flows (To 9 Feb 2024); Net Tech Selling STILL, Net SOE Buying, STILL

SOUTHBOUND saw net buying on this shortened week pre-CNY as stocks rebounded from the previous week's dramatic selloff. High Div SOEs were bought...

Travis Lundy

China Expands Use of Digital Yuan to Covering Utility Bills

China further expanded the use of the digital yuan by enabling consumers to use it to pay utility bills. The digital yuan, also known as the e-CNY,...

Caixin Global

Hong Kong to Start Trial of E-HKD in Fourth Quarter

Hong Kong laid out an ambitious plan to develop its own retail central bank digital currency (CBDC), the e-HKD, and will start a pilot in the...

Caixin Global

Steel prices face short-term boosts from rising hot metal output and policy support. IO prices show bullish trend strengthening pre-CNY but risks...