USDCNY

  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro EUR closed lower Wednesday. The low range close set the stage for a steady to lower open Thursday. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends last Summer's decline, the monthly support ...
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  • 'Currency War' Will Be With Us For Sometime To Come

    ‘Currency War’ Will Be With Us For Sometime To Come

    'Currency War' Will Be With Us For Sometime To Come The global currency war rages, with China's central bank pushing the RMB Yuan to a 7-month low this week. China's economic growth dipped to 7.4% in Y 2014, the lowest rate in 24 yrs, and the government hopes that a weaker currency will boost exports. ...
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  • Global Interest Grows In China's Currency And Debt

    Global Interest Grows In China’s Currency And Debt

    Global Interest Grows In China's Currency And Debt The Chinese currency RMB Yuan (Renminbi) continues its ascent among international payment settlements, trade and currency investment, ratings agency Fitch said in their latest report. A rapidly expanding network of offshore Yuan clearing centers has facilitated direct access to China's onshore financial markets, Fitch said. "We expect ...
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  • Davos: Currency Wars Rage, US Losing

    Davos: Currency Wars Rage, US Losing

    Davos: Currency Wars Rage, US Losing Friday at Davos US  hedge fund manager Ray Dalio noted that talk of purposeful currency devaluation to make up for an economy's inefficiency, the engine of currency wars is a "conversation that is not polite to have." World leaders are now feeling  comfortable talking openly of their plans to drive down ...
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  • The Currency Wars Are Raging

    The Currency Wars Are Raging

    The Currency Wars Are Raging One of the world's top economists is concerned about the state of the global financial system. "We are in a world that is dangerously unanchored," William White, chairman of the Organization for Economic Co-operation and Development (OECD)'s Review Committee, said in an interview. "We are seeing true currency wars, and ...
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  • RMB Yuan (CNY) Is Not A Free Floating Currency

    RMB Yuan (CNY) Is Not A Free Floating Currency

    RMB Yuan (CNY) Is Not A Free Floating Currency $CNY The Chinese Yuan (CNY) is not a completely free-floating currency. The People's Bank of China (PBOC) sets a 'central parity rate' for CNY against a basket of world currencies (primarily the USD), and the currency is allowed to oscillate within a 2% band around that ...
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  • A Currency War Is Raging

    A Currency War Is Raging

    A Currency War Is Raging The Swiss National Bank's decision to end its 3 yr-old ceiling on the Swiss franc (CHF) merely intensified the global currency war that has been simmering for more than a year. "Clearly, the global currency war continues to rage no matter what central bankers tell us," Dean Popplewell, chief currency ...
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  • US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) Trading Outlook

    US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) Trading Outlook

    US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) Trading Outlook FOREX CNY= closed down -0.002 at 6.194. Volume was 51% below average (consolidating) and Bollinger Bands were 11% narrower than normal. Open High Low Close Volume___ 6.194 6.196 6.194 6.194 629 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bullish Moving Averages: 10-period ...
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  • RMB Yuan May Not Depreciate Drastically In 2015

    RMB Yuan May Not Depreciate Drastically In 2015

    RMB Yuan May Not Depreciate Drastically In 2015 The Chinese Renminbi (RMB) is unlikely to see drastic depreciation in Y 2015 despite fluctuations, thanks to the country's solid economic fundamentals and a stable policy. Expectation of a lukewarm domestic economy and a continuously rising USDs so far this year have created concern that the Renminbi, ...
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  • US Dollar Up, US Treasuries UP

    US Dollar Up, US Treasuries UP

    Treasuries Up, Dollar Up 10-Yr: +12/32..2.694%.. USD/JPY: 120.25.. EUR/USD:1.2010 Afternoon Update US Treasury Complex 2Y Unch at 99 28/32 3Y +01/32 at 99 25/32 5Y +04/32 at 99 31/32 7Y +08/32 at 101 07/32 10Y +12/32 at 101 02/32 30Y +1 07/32 at 106 07/32   US Dollar (.DXY) Index EUR/USD -95 pips at 1.2010 ...
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  • US Dollar (.DXY) Index Seeing Best Annual Gain In 9 yrs

    US Dollar (.DXY) Index Seeing Best Annual Gain In 9 yrs

    US Dollar (.DXY) Index Seeing Best Annual Gain In 9 yrs The US Dollar is on track to end Y 2014 with a 12% gainer against a basket of major currencies, and anticipated US interest rake hikes may boost its appeal in the New Year. This year's gainer will be the USDs largest since Y ...
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  • US Dollar Having Its Best Year Since 1989

    US Dollar Having Its Best Year Since 1989

    US Dollar Having Its Best Year Since 1989 The Buck is set to gain against all of its 31 major counterparts in Y 2014 for the 1st time in data going back to Y 1989, boosted by an improving economy and the US Fed's plan to raise interest rates next year. JPY and EUR dove, ...
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  • RMB Yuan To See Normal Fluctuations In 2015

    RMB Yuan To See Normal Fluctuations In 2015

    RMB Yuan To See Normal Fluctuations In 2015 The Renminbi (RMB Yuan) will experience "normal fluctuations" in Y 2015, China experts said Thursday. The Yuan will continue to experience depreciation and appreciation next year, said chief economist with the Bank of Communications Lian Ping. The central parity rates of the Yuan will see less violent ...
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  • US Dollar's Rise Means Trouble For Europe and Asia

    US Dollar’s Rise Means Trouble For Europe and Asia

    US Dollar's Rise Means Trouble For Europe and Asia Several central banks are pushing down their currencies in an effort to spark exports, but the US Dollar's recent rise will cause problems for Europe and Asia, according to the WW-J. The Buck climbed this week to a 7-yr high Vs the JPY, and a 2 ...
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  • RMB Yuan Internationalization Not Reversible

    RMB Yuan Internationalization Not Reversible

    RMB Yuan Internationalization Not Reversible The successful negotiation of the Free Trade Agreement (FTA) between China and Australia will boost their bi-lateral economic and trade exchanges, Shanjun Hu, general manager of Bank of China, Australia said  Tuesday. With this trend, the Yuan (CNY) will be used as much as the Australian Dollar (AUD)  in trade, ...
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  • China FX: US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY)

    China FX: US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY)

    China FX: US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) closed up 0.004 at 6.143. Volume was 34% above average (neutral) and Bollinger Bands were 8% wider than normal. Open High Low Close Volume___ 6.138 6.149 6.138 6.143 1,667 Technical Outlook Short Term: Overbought Intermediate Term: Bullish ...
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  • Japanese Yen Nears 7 Yr Lows, US Dollar Held At 88.00

    Japanese Yen Nears 7 Yr Lows, US Dollar Held At 88.00

    Japanese Yen Nears 7 Yr Lows, US Dollar Held At 88.00 The US Dollar (.DXY) Index slipped off its best marks of the day, and is foughto hold the mark at 88.00. EUR/USD is +10 pips at 1.2475 action presses the highs. Euro held small gains following Friday's mixed data. German retail sales (1.9% M-M actual ...
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  • When Very Sharp Moves In Currency Happen...

    When Very Sharp Moves In Currency Happen…

    When Very Sharp Moves In Currency Happen... The USD's Northside surge may cause problems for stocks, the Buck hit a 7-yr high Vs the JPY and a 2 yr high Vs EUR earlier this month. Divergent central bank policies are fuelling the currency move. While the US Federal Reserve has begun pulling back its stimulus, the ...
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  • China 'Currency War' Bad For Asia

    China ‘Currency War’ Bad For Asia

    China 'Currency War' Bad For Asia Often China has acted to depress its currency and spark exports in recent years, and one savvy watcher says it soon may do it again. Europe's economic weakness is a problem. China depends on Europe to absorb about 16% of its exports, and China’s exports there rose almost 12%  in ...
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  • Chinese Appetite For Foreign Currency Growing

    Chinese Appetite For Foreign Currency Growing

    Chinese Appetite For Foreign Currency Growing China saw a 3rd straight month of deficit in forex (foreign exchange) transactions as the country's growing appetite for foreign currency expands, according to new data published Tuesday. Chinese banks' forex purchases registered at CNY 841.4-B (US$136.9-B), while sales stood at CNY 1.01-T in October, according to data from ...
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  • Shanghai-HK Stock Link Boosts RMB's Internationalization

    Shanghai-HK Stock Link Boosts RMB’s Internationalization

    Shanghai-HK Stock Link Boosts RMB's Internationalization Giving overseas investors easier access to Shanghai-listed shares is not only important for the opening-up of the Chinese Mainland, but a substantial step forward for internationalization of the RMB Yuan, aka Renminbi. From Monday, the Shanghai-Hong Kong Stock Connect means Hong Kong investors can buy shares in 568 Shanghai-listed ...
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  • The US Dollar (.DXY) Index Looks Weak In Here

    The US Dollar (.DXY) Index Looks Weak In Here

    The US Dollar (.DXY) Index Looks Weak In Here Sitting at a 7-day low a break below 87.22 confirms a Double Top is in with the target at 86.10 next. ​ Friday's intra-day 4-yr high did not last very long before closing the session with a Bearish Outside Range day. The weekly charts have also produced ...
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  • US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY)

    US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY)

    US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) USDCNY closed down -0.003 at 6.126. Volume was 100% below average (consolidating) and Bollinger Bands were 39% narrower than normal. Open High Low Close Volume___ 6.129 6.130 6.124 6.126 0 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: ...
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  • US Dollar ($) ⇨ Chinese Yuan (CN¥) USDCNY Trading

    US Dollar ($) ⇨ Chinese Yuan (CN¥) USDCNY Trading

    US Dollar ($) ⇨ Chinese Yuan (CN¥) USDCNY Trading USDCNY closed below the upper band by 28.0%. Bollinger Bands are 63.62% narrower than normal. The narrow width of the bands suggests low volatility as compared to FOREX CNY='s normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the ...
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