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 yuan, also known as RMB, is the official currency of China. It is...
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 billion in deficit. Export growth was very strong, at 9.5%...
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 November 14th, 2022, President Biden met with President Xi during the...
Here are few points i am looking for this trade 1. Inverted head and shoulder pattern is formed 2. Price start to consolidate into the major resistant level (neckline) 3. Rising support in when price consolidating (buyer taking control ) 4.Nice flag pattern for us to trade /weak pattern 5.We need to see a strong bull bar to entry this trade (momemtum bar) 6....
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 changed overnight,” said one of my friends. From Zero-COVID to “Lying...
CNH1! Birds of different feathers are likely not to flock together! As policy divergence continues between the US Fed (Hawkish) vs the PBoC (Dovish), we expect the Dollar to strengthen against the RMB on a macro level. On the technical side, we see a bullish RSI divergence (prices making lower lows while RSI making higher lows), suggesting that momentum is...
hey the dollar going down down down against these giant EUR and RMB . the rise of Asian currencies also help pushes the dollar lower. when the banks WAKES UP tomorrow finding that the dollar vaults is the WORST PERFORMER ASSET OF THE YEAR they will dump the usd debt papers on the streets and causing the ugliest drop for usd, simply because its hugely...
MORE ROOM FOR RMB SHARES TO TANK BEFORE RECOVERING
This is a new idea, two channels I'm closely watching on SSE.
Cup & Handle pattern on 4h DXY, RSI & MACD giving greenlight to take off. Target >96.5
Weekend Market Updates & Analysis 25 Oct 2020 Note: If you would like to receive this the latest updates immediately without 3 days release, please search for my site Palm Analysis. Recap 1) Let’s start the report with a review of last week’s update and market conditions. You can read last week’s report by clicking here: Weekend Market Update – 18 Oct 2020 |...
Weekend Market Update – 18 Oct 2020 | FCPO, Soybean, Soybean Oil, Currencies and Others Take note that the updates here are 2 days late. If you would like the latest updates, please visit palmanalysis dot com Review Let’s start the report with a review of the past 2 weeks. 1) In my last update on the 4th Oct, I expected: On Soybean i. On Point 13 ii, I...
Morning coffee makes a day.
Measured move shows the previous wave cycle was corrective, making the next cycle the impulsive wave. *Since Yuan was introduced since 1955, there no use for making upward measured move target with incomplete data. --- Fundamentals// that China is not willing to keep print money like before+ US printing $$$
With the Chinese economy strongly recovering, and the PBOC being one of the rare few central banks which is not printing like there’s no tomorrow, the outperformance of the CNH is just beginning. USDCNH has closed below the weekly Ichimoku cloud convincingly. Any pullbacks to 6.93–94 will be a good opportunity to get short for a test of 6.70 and below!
Yields are still currently low based on the long-term regression trend. What does it imply for RMB bonds if we expect a rate increase in the mid-term (independently of exchange rate movements)? - Avoid long-duration RMB government bonds, - Prefer short duration or floating-rate ones.
looks bearish to me still. Maybe 96 needs to be tested B4 any reversal
The Bullish Falling Wedge in the USDCNH pair has broken upwards, but in the overbought Long Signal. Therefore, in order not to forget, I think the stop level should be kept a little wide. Coronavirus is among the conditions that adversely affect the currency. I hope this situation is taken in the name of control without further threatening the health of...