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Flash: PBoC injects liquidity into banking system? - Nomura

FXstreet.com (Barcelona) - Nomura economist Zhiwei Zhang notes that overnight there have been a number of reports that the PBoC has injected RMB40bln into a number of Chinese Banks.

He writes, “The story was also picked up by Bloomberg. The official Xinhua News Agency has just recently placed another 21st Century Economic News article on its own website that reports the injection to be only rumour.”

AUD/USD opens London above pivot

AUD/USD technical indicators are favouring the upside this morning, trading 10 - 20 pips higher than the pivot on the London open. Ma’s, for the near term at least have a bullish bias, although of course long term the pair still look heavily in the red, with SMA 200 on the hourly chart moving down to 0.9463.
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