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...
Last week the USDCNY broke the December 2016 high and the fear came again to the markets, already printed by the US-China trade war and a possible global recession. But, is this really a plan orchestrated by the Chinese government to position itself above the dollar in export affairs? If we see the sequences on the weekly scale we can conclude from the minimum at...
Last week the USDCNY broke the December 2016 high and the fear came again to the markets, already printed by the US-China trade war and a possible global recession. But, is this really a plan orchestrated by the Chinese government to position itself above the dollar in export affairs? If we see the sequences on the weekly scale we can conclude from the minimum at...
After China devalued the Yuan on Monday, markets were awaiting a US response. It appeared quickly enough: The U.S. Treasury Department announced late on Monday that it had determined for the first time since 1994 that China was manipulating its currency, knocking the U.S. dollar. Maybe in response to this, or maybe just to show that the fall of the renminbi on...
Chinese state media supported the government’s move on yuan’s weakening, saying it was normal. The press stressed on economic benefits that come with a flexible currency.
According to Xinhua News Agency’s Monday report, the yuan falling beyond 7 a dollar is a result of a market drive. The move shows the exchange rate is now more flexible. The report also said...
As a result of the trade war and trumps latest tweet China is currently devaluing the yuan. It's now above 7yuan/usd.
I imagine this might promt some chinese millionaires to want to buy BTC due to fear. I'm seeing some correlation in when there is fear in the Chinese Yuan through devaluation.
Is this causing a Bitcoin bullrun?
The circled section conflicts...
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.
What happened last time...:
Clearly, we hit a very strong support...
What's this? It's a Bird...It's a Plane... NO! It's the Chinese Renminbi making a double bottom on the monthly chart! And a higher LOW! WOW!
The US are turning socialist and the FED have DESTROYED the us dollar. It...
Not supposed to raly like this. USD not that strong. On this chart it is at a premium compared to normal.
Also, USDCNH has been following USDTRY with a delay:
USDSEK went down too even. Time for USDCNH.
After careful review of the USDCAD currency pair, I have been fortunate enough to create a perspective for the entire week ahead. I see the USD first recovering against the Canadian dollar with the oil p[rice playing a major role in this move, followed by a midweek reversal which is likely to come in play on Wednesday or Thursday, with the release of key economic...
Looks like China's on the move by devaluing their currency against the dollar.
This looks to me to be further escalation.
Bloody Friday in US equity markets tomorrow?
The trade negotiations between the US and China are still at an impasse. The reason is - the Trump’s position, who accused China of violating the agreements. China, in turn, accused the United States of having provoked a negotiation crisis. Well, sum up there is a complete halt in the negotiation process, the expected counter-actions on the part of China and...
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