After breaking out 3 times, first in March this year from the 61.8 FIB level, the SGDCNH pair seems to be suffering from the winter chill of China. It is resisted once again at the 61.8 FIB level. Not once, but again 3 times.
This is good for me as I return to China each year in June. The higher it goes, the more yuan I get and that increases my purchasing power in China. But costs of living has gone up especially in Tier 1 cities like Beijing and Shanghai especially the property prices where many young couples could not afford to buy without their parents' support.
The global QE effect has artificially inflated many assets including properties and that benefits the top income earners//investors who have a portfolio of properties but hurt those who need to get a roof. As the wages are not increasing in tandem, their dream of having their own home gets further and further away.
From a psychological perspective, I sometimes wonder could this have an effect on consumer spending? Living in a small rental flat with many roommates to share the costs of escalating rental, what can singles/couples do after work/on weekends? They need an outlet and shopping, entertainment and largely food become a driving force to pull them away from their "pain point" and provide relief. With online buying, they can get things cheaply and satisfy their needs in clothing, home and decor and many others.
To influence actions, you need to give people a sense of control. Eliminate it and you get frustration, anger and resistance. Expand people’s sense of influence over their world and you increase their motivation and compliance.
I am reading "An influential mind" by Tali Sharot. I think it makes a lot of sense. What do you think ?
This is good for me as I return to China each year in June. The higher it goes, the more yuan I get and that increases my purchasing power in China. But costs of living has gone up especially in Tier 1 cities like Beijing and Shanghai especially the property prices where many young couples could not afford to buy without their parents' support.
The global QE effect has artificially inflated many assets including properties and that benefits the top income earners//investors who have a portfolio of properties but hurt those who need to get a roof. As the wages are not increasing in tandem, their dream of having their own home gets further and further away.
From a psychological perspective, I sometimes wonder could this have an effect on consumer spending? Living in a small rental flat with many roommates to share the costs of escalating rental, what can singles/couples do after work/on weekends? They need an outlet and shopping, entertainment and largely food become a driving force to pull them away from their "pain point" and provide relief. With online buying, they can get things cheaply and satisfy their needs in clothing, home and decor and many others.
To influence actions, you need to give people a sense of control. Eliminate it and you get frustration, anger and resistance. Expand people’s sense of influence over their world and you increase their motivation and compliance.
I am reading "An influential mind" by Tali Sharot. I think it makes a lot of sense. What do you think ?
Comment:
nice thrust up, breaking the 61.8 FIB level. now wait for pullback and then queue to buy
Comment:
a doji pattern , indecisive
Comment:
NICE breakout !!!!
This means that SG$1 = RMB 4.90 and the higher it goes the better it is for those traveling to China or buying things from China like Taobao.
This is especially good for those who earn in S$ and spend/remit in RMB.
This means that SG$1 = RMB 4.90 and the higher it goes the better it is for those traveling to China or buying things from China like Taobao.
This is especially good for those who earn in S$ and spend/remit in RMB.
will it goes up or down?