Victor.Y.F
Long

The orbit is ready for launching the DF rocket soon...

FX_IDC:USDCNY   US DOLLAR / YUAN RENMINBI
192 1 5
2 months ago
On chart.
2 months ago
Comment: If no FRB rates hike in Sept. us dollar will fall. This one could be pegged or test 6.60 for another launching window 10th. Oct. We still have 4-5 weeks to reach the orbit. Be patient.
2 months ago
Comment: Weighted renminbi is breaking out lower because of stronger weighted JPY, believe it or not, in fact BOJ today has a rates hike. We'll have this launching window from 30th. Sep. to 10th. OCT. When it breaks capital squeezing happens. Global indexes, oil will tumble and gold will rise shortly then a fall. Capital flows into JPY(which is happening) and Euro then flows back to us dollar. We'll have next rates hike March next year. This orbit will be stabled there. After USDCNY is pegged then FRB will move.
2 months ago
Comment: I'm watching JPYCNY as leading signal. Launching window 0310- 0710. 0710 is more likely a weekend striking and next weekend 3009 is possible too but less likely.
2 months ago
Comment: If Trump is set renminbi will never get another chance for devalution because he's talking about the devaluation took jobs away from USA. I think that it's very likely in Oct. renminbi strike again for weighted JPY achieving it's purchase power at 8.4 (7.5 now and Anbei talked about "last step" today) as the inflation target above 2%. The political influences are very clear because of Yellen is a political person. So after the strike We can reach the inflation target by devaluations of JPY and USdollar in Oct. 2018.
For those people don't believe renminbi. There're 1.3 billion populations in China and renminbi is consuming products all of the world includes USA and EU and Japan. It's devaluated 10% and will do another 10% for reach its target USDCNY 7.0 (7.2 high) soon...
2 months ago
Comment: We're in the window. Click MAX then a huge head will be there.
http://www.tradingeconomics.com/china/foreign-exchange-reserves
If this window is missed then a huge pull back, harmonic patterns were being built. It means something of fundamental changes, like BOJ intervention.
2 months ago
Comment: We're at 6.7263 equal leg, taking profits zone. Be careful now if we couldn't pass this zone quickly. Sentiments of speculations are slowly turning into against the trend. Harmonic patterns are playing.
2 months ago
Comment: We're on the orbit.
2 months ago
Comment: The second major class engine is working. We should reach 6.90 at the end of Oct.
a month ago
Comment: The most interesting thing is why the metal isn't rising yet. Last year when the devaluation began we had 2 months metal bull running. Followed with the weakness of purchase power we had 2 months bear running and FRB rates hike for pushing inflation up for 5 months. We could have stagflation now like Greenspan warned us. I'd like to see Trump wins. It will stop the madness.
a month ago
Comment: We're at some profits taking now. Ten years renminbi bunds future market is crashing down for 3 days with huge volumes. I think the interest rates are rising from interbank market in China and the money is tightening. A shares should be down because of the tightening.
a month ago
Comment: Look 2008- 2010 we have 6.8 platform for 2 years. And now we have confirmed that Renminbi is tightening and huge selling from 10 years renminbi funds future market. We have seen some rates hike from real-estate credits market for suppressing the house price.
a month ago
Comment: We could have pegged USDCNY at 6.8 platform for 2 years from 2017-2019 like 2008-2010. When USDCNY is stabled then the EURUSD will catch up weighted JPY.
a month ago
Comment: The most interesting thing is when USDCNY is pegged and Dollar is dropping the Renminbi is still falling because of the pegged price. So the inflation rates will be much more higher in China than it in USA. Like old days it's average higher 4% than USA.
a month ago
Comment: This is a special reading for Chinese.
http://www.ftchinese.com/story/001069948
a month ago
Comment: Obviously weighted JPY is stepping in intervention during US election week for saving SPX500 ass but it's temporary. We're watching CFETS very very carefully these days. There're 3 renminbi indexes, CFETS BITS and SDR weighted Renminbi indexes. we now have CFETS broke down to new low already and we're expecting BITS and SDR will follow. That means USDCNY should keep launching. From one our Japanese analyst it should reach 7.0 (7.20 top) soon. From my longer term view the target is at 8.0. We had weighted JPY 5.8 when USDCNY was at 6.0. The weighted JPY top is at 7.8 after Brexit that means weighted JPY is leading USDCNY should reach 8.0 in the future. And now small BOJ movings are allowed.
a month ago
Comment: A hint for Chinese people, use your purchase power at 1111 as soon as possible. This is launching for target 7.0- 7.2. The inflation rates will be very high and so high that we could get rates hike from renminbi next year. Don't buy A share it's very dangerous market.
a month ago
Comment: Again as predicted, we are on orbit. Hope you guys used purchase power 1111. We will see CFETS dropping quickly. A shares should be down 1000 points from here Shanghai composite index 23**.
19 days ago
Comment: CFETS is stable temporarily. We shall have the peg next year spring after Trump negotiates a trade deal with China for the reasonable USDCNY rate where is about 7.0- 7.2 considering JPY is weakening at target 7.0- 7.2 level. We don't think FRB will rise rates in Dec. before Trump is set. March 2017 is more likely or the season Spring.
albertwt
2 months ago
Does it means that it is the right time to buy CNY before it is goes up after 1st October 2016 ?
Reply
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