Products
Community
Markets
News
Brokers
More

Markets
USA
Futures
CNHK2024

Standard-Size USD/Offshore RMB (CNH) Futures (May 2024)

No trades

See on Supercharts

Overview

News Ideas Minds Forward curve Contracts

Standard-Size USD/Offshore RMB (CNH) Futures (May 2024) chart

Contract highlights

Volume

—

Open interest

—

Contract size

100000

Month

May 2024

Settlement day

May 13, 2024

Ideas

USD/CNH FX Futures: Yuan Bears a reflection of China's woes The PBOC has repeatedly fixed its daily reference rate for the onshore yuan (CNY) at levels below estimates. But measures from the PBoC to support the Yuan has not been effective in changing the trend amidst a slew of economic stress (property slump, rising unemployment, deflation fears, etc) that m

Long

by phillip_nova

USDCNH - Testing new highs The trajectory of the USDCNH is a burning question as it approaches the highs witnessed in November 2022. Recent weeks have seen China's economic robustness wane, and as a result, attempts by its central bank to ease the situation have led to a weakening of the CNH. This dynamic becomes clearer

Long

by inspirante

The Evolution of China Yuan This video recording, a brief history of the China Yuan through these 5 stages. My main aim is to derive the fair value of the present Yuan and into the future. Reference for trading in CME USD/Offshore RMB (CNH) Futures Minimum fluctuation 0.0001 per USD increment = 10 CNH Disclaimer: •

Short

07:29

by konhow

CNH: Hedging Currency Risk amid Heightened Uncertainties CME: USD/Offshore RMB ( CME:CNH1! ) Even though the Chinese Yuan is not a component in the US Dollar Index, Dollar-Yuan exchange rate generally tracks the dollar index. If dollar gains in value, most foreign currencies depreciate against it, yuan included. When dollar is weakened, the opposite hold

Long

by JimHuangChicago

The case for a Weaker Yuan The most recent Caixin Manufacturing PMI dipped below 50, landing back in contraction territory after two prints above the 50-mark. As the world's top exporter, China is acutely sensitive to fluctuations in both exports and manufacturing numbers. Historically, we've seen periods of Yuan devaluatio

Editors' picks

Long

by inspirante

Dollar vs Yuan Divergence US Dollar vs Yuan or US Dollar vs Offshore Yuan, technically they are establishing divergence. Above chart is my projection in time to come. When Dollar vs Yuan moves lower, this means we are seeing a weaker Dollar and a stronger Yuan. See the following link for its video version. The Chinese y

Short

by konhow

Trade Data Confirms Decoupling Well Underway CME: Offshore RMB ( CME:CNH1! ), Micro RMB ( CME_MINI:MNH1! ) On April 5th, the Bureau of Economic Analysis reported the latest U.S. global trade data. For the first two months of 2023, total export and import were $328.9 and $489.7 billion, respectively. U.S. international trade balance was $160.9

Long

by JimHuangChicago

Wandering Balloon Deflates the Rise of Chinese Yuan CME: USD/RMB Futures ( CME:CNH1! ) US-China relations are arguably the most challenging bilateral relations in the 21st century. It has been in a free fall since the 2018 trade conflict. The competition has intensified and spread to investment, technology, among other arenas since then. On Novembe

Long

by JimHuangChicago

The Rise and Fall of Chinese Yuan CME: USD/Offshore RMB ( CME:CNH1! ), COMEX: Copper Futures ( COMEX:HG1! ) Two weeks ago, China abruptly overhauled its strict Covid policy that had been in place for nearly three years. Lockdowns, health codes, massive testing, and domestic travel restrictions are no longer enforced. “The world chan

Editors' picks

Short

by JimHuangChicago

1212

As policies continue to diverge…For readers who have been following us right from our first ever TradingView idea, you’ll recall our first ever trade idea on long USDCNH. It’s been a fun 5 months writing and sharing our thoughts with the community. Much has happened since April, but two critical things stayed the same. The US F

Editors' picks

Long

by inspirante

1111

See all ideas

Forward curve

A representation of what an asset is worth today and what the market thinks it will be worth in the future.

Nearest contracts

CNHN2024

Jul 2024

CNHN2024

CNHQ2024

Aug 2024

CNHQ2024

CNHU2024

Sep 2024

CNHU2024

CNHV2024

Oct 2024

CNHV2024

CNHX2024

Nov 2024

CNHX2024

CNHZ2024

Dec 2024

CNHZ2024

CNHF2025

Jan 2025

CNHF2025

CNHG2025

Feb 2025

CNHG2025

CNHH2025

Mar 2025

CNHH2025

CNHJ2025

Apr 2025

CNHJ2025

CNHK2025

May 2025

CNHK2025

Explore more contracts

See all CNHK2024 contracts

Futures brokers

Trade directly on the supercharts through our supported, fully-verified and user-reviewed brokers.

4.4Very Good

4.6Excellent

4.4Very Good

See all brokers

Frequently Asked Questions

The nearest expiration date for Standard-Size USD/Offshore RMB (CNH) Futures (May 2024) is May 13, 2024.

Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Standard-Size USD/Offshore RMB (CNH) Futures (May 2024) before May 13, 2024.

Love in every #TradingView

60M+

Traders and investors use our platform.

Top website in the world when it comes to all things investing.

1.5M+

Mobile reviews with 4.9 average rating. No other fintech apps are more loved.

10M+

Custom scripts and ideas shared by our users.