With large account deficits, disinflation and widening interest rate differentials there are many reasons to not be bullish China.
Whilst on the political side there is a desperate need to keep CNY stable and stronger because China needs to attract capital inflows for the second half of 2019.
Because they are trying to facilitate the process of...
After breaking out 3 times, first in March this year from the 61.8 FIB level, the SGDCNH pair seems to be suffering from the winter chill of China. It is resisted once again at the 61.8 FIB level. Not once, but again 3 times.
This is good for me as I return to China each year in June. The higher it goes, the more yuan I get and that increases my purchasing power...
This is a currency pair that I hold close to my heart.
As someone who travels to Shenzhen china almost monthly, I am pretty interested to put what I learn into good use to gain an advantage in life.
I change SGD to CNH every single month.
Keeping this post short, I am expecting SGDCNH to go down to 4.7 before rebounding.
For those of you who are planning to...