In a nutshell, I am expecting Copper to keep Chinese Equities afloat and recover Q120 with less uncertainty via fiscal policy and a rebound in exports. For those following the latest Hang Seng / Copper chart:
For the macro side, CNY will find a strong bid via trade...
The monster rally in Nasdaq stocks has obviously grabbed most people’s attention recently. However there’s also been a major shift in currency markets as the U.S. dollar slides.
That trend has paused for more than a month. Looking simply at the dollar index , it’s not clear whether the decline is ready to continue. But DXY is two-thirds European (euro and...
Hello traders, here is the analysis from our team :
we look towards 6.9797
as profit' s with money management.
Let us know in the comment section below if you have any questions.😉
Global economic sanction on China should weaken their currency during this time.
Although US dollar currency has been getting extremely weak, the sanctions from multiple countries should impact it to a certain extent.
I HATE COMMUNISTS MORE THAN ANY POLITICAL GROUP ON EARTH! THEIR COUNTRIES ARE POOR, REGRESSIVE AND AUTHORITARIAN!
BUT EVEN IF CHINA WAS RULED BY TIME-TRAVELLING STALIN AND MAO, A GOLD-MONETIZED YUAN WOULD DESTROY THE DOLLAR!
Price 7.1418 swings to 7.0642 for 7.0287 - all three working with 7.1128...Momentum will be good observed here, -perhaps a stochastic. Open day will tell and if price reverses and bulls break above dsl, then, this set-up will be invalid.
I rest, take care.
All our market shared technical set-ups are speculative, they are not guaranteed for accuracy or...