Dollars Move Slightly Ahead of Trade Talks
After finding some support, dollars traded nearly flat on Tuesday. Investors in Asia are awaiting the results of the US-China trade talks in Washington later this week.
The US dollar index last traded at 98.657, or 0.01% down from its last close.
Meanwhile, against the CNY, the dollar dropped 0.3% to 7.1261.
The pair is currently pulling back after an annual high earlier this month with 1D already having turned neutral (RSI = 52.349, MACD = 0.019, Highs/Lows = -0.0174). This appears though to be only a technical Higher High retrace after what has been a very strong bullish sequence since mid April.
We have spotted the very same pattern in 2014/2015 when USDCNY made...
People should begin to take notice of the price of Bitcoin in Chinese Yuan. This chart looks a bit more bullish than priced in USD.
I am looking for the price to break upwards starting around Sept 19th. It will probably grind its way up to 13,000 (USD) by end of Oct, come back to retest support, and blast through 13,800 (USD) by early-mid Dec. I am looking for...
Hi, today we are going to talk about Yuan Renminbi and its current landscape.
We have a Double Top Breakout on USD/CNY with Volume and could bring the Yuan Renminbi to a dramatic devaluation against the US Dollar. Trough this daily chart, we can observe that China's central bank - (PBOC) had to remove or loosen the grip on it, allowing the currency fluctuation...
The Australian dollar bounced off its lows today in the forex markets, although the Reserve Bank of Australia hinted at negative rates.
In a similar manner, the New Zealand dollar perked up as firmer-than-expected Chinese yuan fixing boosted risk sentiment.
The two currencies typically serve as liquid proxies for traders to hedge against emerging market risks....
Recovery from the 2019 May dip in global equities markets from the hard work of Communists (current and ex)... ? China equities and the Chinese government actions on the Chinese yuan ( CNY ). Russian equities and the Russian ruble (RUB). And also JPY and Gold.
Recovery from the 2019 May dip in global equities markets from the hard work of Communists (current and ex)... ? China equities and the Chinese government actions on the Chinese yuan (CNY). Russian equities and the Russian ruble (RUB).
Only valid for Chinese people. If you want to keep your wealth. You need physical gold. I don't understand the macro economy. I think the trade war is long-term and he will exacerbate the devaluation of the renminbi. If you are a Chinese compatriot. I hope you are lucky.