USDCNY

  • US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down .DXY at 11-yr highs Friday, the Buck hit its highest mark since Y 2003. USD 125 ticks or 1.29% to 97.63, on the back of a NFPs report that showed the US economy created more jobs in February than expected (Actual 295-K, consensus 240-K, Past 257-K). The details of the ...
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  • ECB To Begin It QE Program, Is It To Much, To Late?

    ECB To Begin It QE Program, Is It To Much, To Late?

    ECB To Begin It QE Program, Is It To Much, To Late? ECB President Mario Draghi said the European Central Bank will start its full-scale QE program next week The ECB will continue purchasing asset-backed securities and covered bonds that was started last year. All these buying programs combined will be executed on a monthly ...
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  • US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up US Treasury Complex US Treasuries rose Thursday, after seeing sharp sell-offs to test the February lows. The February employment (NFPs)report comes out Friday at 08:30a EST, participants were hesitant to take aggressive positions Thursday Yields 2-yr: -2 bpts to 0.64% 5-yr: -2 bpts to 1.57% 10-yr: -1 bpt to 2.11% 30-yr: ...
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  • US Dollar (.DXY) Gains Frustrating Participants

    US Dollar (.DXY) Gains Frustrating Participants

    US Dollar (.DXY) Gains Frustrating Participants The popular trade in the $5.3-T a day Forex market has been betting on a stronger Buck, this leaving participants very exposed when the US Fed's Janet Yellen damped speculation last week of an imminent hike in  interest rates. As the USD slowed its advance, an index of currency ...
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  • US Dollar Higher, US Treasuries Lower

    US Dollar Higher, US Treasuries Lower

    US Dollar Higher, US Treasuries Lower The US Dollar (.DXY) gained against every other major currency except for the EUR, despite releases of weaker than expected US economic data EUR/USD: -4 pips (-0.4%) to 1.1193. The EU's Manufacturing PMI for February came under expectations at 54.1 (past 53.1) USD/JPY: +47 pip (+0.39%) to 120.10. It ...
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  • RMB Yuan 2nd Most Used Documentary Credit Currency

    RMB Yuan 2nd Most Used Documentary Credit Currency

    RMB Yuan 2nd Most Used Documentary Credit Currency China's currency the Renminbi (RMB) Yuan strengthened its position as the world's 2nd most used currency for documentary credit transactions, according to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) last Thursday. The Renminbi's share of activity for documentary credits has increased from 7.3%  in January 2013 ...
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  • Major Currency Pairs Range Bound Friday, US Treasuries Sell Off

    Major Currency Pairs Range Bound Friday, US Treasuries Sell Off

    Major Currency Pairs Range Bound Friday, US Treasuries Sell Off After Thursday's big USD rally, the major currency pairs went through a day of consolidation The US Dollar (.DXY) Index briefly pulled back to 94.90 after the Q-4 GDP second revision release (Actual 2.2%, consensus 2.1%), and then again to 95.01 after the grim Chicago PMI ...
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  • US Dollar Rising Toward 10 Yr Highs

    US Dollar Rising Toward 10 Yr Highs

    US Dollar Rising Toward 10 Yr Highs .DXY rallied toward the strongest mark Vs Euro in more than a decade after a report showed US inflation may be closer to rebounding, giving the US Federal Reserve scope to raise interest rates. The Buck gained Vs most of its major peers as a higher-than-forecast increase in ...
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  • The US Dollar Run Up, Too Far, Too Fast

    The US Dollar Run Up, Too Far, Too Fast

    The US Dollar Run Up, Too Far, Too Fast The Buck may be due for a pullback as the Federal Reserve is concerned about the rapid rise in the its value, which is backed by nearly universal Bullish sentiment. “The trade-weighted dollar may have just risen a bit too far and a bit too fast,” ...
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  • Wrap Up: US Dollar Higher, US Treasuries Gain

    Wrap Up: US Dollar Higher, US Treasuries Gain

    Wrap Up: US Dollar Higher, US Treasuries Gain US Dollar (.DXY) Index GBP/ USD: Cable looked at 5-wk highs Monday, trading up 63 pips (+0.41%) to 1.6461 USD/JPY: traded a tight range as volatility in the pair continues to compress. It was down 11 pips (-0.09%) to 118.95 EUR/ USD: Traded down to test 1.13, but ...
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  • China Has Entered The Currency War

    China Has Entered The Currency War

    China Has Entered The Currency War $USDCNY The USD is up 3.5% Vs the RMB Yuan since January 2014, China has entered the Currency War. And that's a double edged sword for the world's 2nd largest economy. While the RMB Yuan's slide fuels China's export machine by making its goods cheaper in foreign currency terms, ...
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  • China To Keep RMB Yuan Exchange Rate Stable

    China To Keep RMB Yuan Exchange Rate Stable

    China To Keep RMB Yuan Exchange Rate Stable China will continue to improve the formation mechanism of the RMB Yuan's exchange rate to keep it stable in Y 2015, according to its foreign exchange regulator. Guan Tao, head of the international payments department at the State Administration of Foreign Exchange (SAFE), said although the yuan ...
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  • US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down

    US Dollar Up, US Treasuries Down US Dollar (.DXY) Index The US Dollar rallied Thursday against most major trading partners. The Swiss Franc (CHF) is back to its Dec high The EUR gave back most of its gains from after the release of the FOMC minutes German officials balked at the details of Greece's request ...
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  • Asia-Pacific Currencies: Ringgit And RMB Yuan Ease

    Asia-Pacific Currencies: Ringgit And RMB Yuan Ease

    Asia-Pacific Currencies: Ringgit And RMB Yuan Ease Malaysia’s Ringgit erased earlier gains as Brent Crude Oil pared its advance and on concern China’s economic slowdown will hurt demand for the Southeast Asian nation’s exports. China’s RMB Yuan traded in Hong Kong dropped the most in 3 wks Monday as the nation’s foreign-exchange regulator highlighted concerns ...
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  • US Dollar Down, US Treasuries Up

    US Dollar Down, US Treasuries Up

    US Dollar Down, US Treasuries Up US Treasuries lost ground overnight on headlines noting a ceasefire agreement between Russia and Ukraine, but recovered their losses on the back of a weak retail sales number. US Treasury Bulls seem to have dug in here with some success, but the negative momentum in 10-yrs and bonds from early ...
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  • Countries In Currency War Used Up All Policy Tools

    Countries In Currency War Used Up All Policy Tools

    Countries In Currency War Used Up All Policy Tools Singapore's Monetary Authority, which deploys its Dollar as the principal policy lever, said Wednesday that it will seek slower appreciation of the currency, sending it to a 4-year low Vs the USD. Singapore joins countries around the world that are using monetary policy to devalue their ...
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  • Participants Need To Watch The Forex Market

    Participants Need To Watch The Forex Market

    Participants Need To Watch The Forex Market The largest traded market in the world is not the US, Asian or European stock markets, it is the FOREX (foreign cash currency exchange market) Fx for short. Speculators and hedgers worldwide can and do trade this gian market, in which well over US$3-T and other currencies change ...
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  • US Treasuries Pause To Refresh, US Dollar Up

    US Treasuries Pause To Refresh, US Dollar Up

    US Treasuries Pause To Refresh, US Dollar Up 10-Yr: -9/32..1.75%.. USD/JPY: 118.38.. EUR/USD: 1.1318 US Treasury Complex Following the release of the FOMC minutes Wednesday US Treasuries rallied. Thursday there was no follow through.  Yields moved up across the curve on modest selling. 2-yr yield +1 bpt to 0.50% 5-yr yield +3 bpts to 1.27% ...
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  • 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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