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 is getting abandonned. China is becoming a TITAN and the Yuan is a new...
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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 ...
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...
Devaluations race has just begun
Another quiet week in the foreign exchange market is over. Traders and investors are getting used to calmness. Although each in such conditions behaves differently. Some optimize trading strategies for existing conditions. Others go to emerging markets where volatility is high. Accordingly, the carry trade is back in fashion. You can use temporary imbalances in...
Just minutes ago, Reuters reported that Lightheizer and Mnuchin are going to Bejing for talks. However, trade war detente is now not on the table until June. Trump threatens to keep tariffs on if China won't hold up their end of the deal on intellectual property. Honestly its not looking good. It is difficult to tell if this trend will continue to go negative and...
Here we are getting very close to the moves and trading the initial breakup in this final 5th wave on the large timeframes (see attached: "Adding upside exposure on a correction" for more details on this count). Dollar strength is coming to our screens, time to position. Best of luck
On the hourly chart of USDCNH, the price has finished the 1-5 Elliott structure with strong impulse wave (A), I expect the price to start correcting to local Fibo levels in the nearst future. There we would find an optimal long signal. I will keep you posted! What are your thought on USDCNH?
Waiting for a bounce back to broken support for before more declines to 6.69
So there is a trend, my nennotame about corrections and some tradingview instruments, let's see outcomes