China Reforms Continue

China Reforms Continue

Xi Jinping, general secretary of the Central Committee of the Communist Party of China (CPC), called for coordinated efforts and orderly progress in the planning and implementation of institutional reform at the central and local levels to ensure complete victory in the area. Xi, also Chinese President, Chairman of the Central Military Commission, and head […]

Chinese Yuan (CN¥) Steady Against US Dollar ($) (CNYUSD)

Chinese Yuan (CN¥) Steady Against US Dollar ($) (CNYUSD)

Chinese Yuan (CN¥) Steady Against US Dollar ($) (CNYUSD) China’s yuan was steady against the US dollar on Friday, with sentiment improving on firmer signals from the authorities and as investors trimmed bearish bets on the Chinese currency. The People’s Bank of China set the midpoint rate at 6.8884 per US dollar prior to market […]

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

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

US Dollar ($) ⇨ Chinese Yuan (CN¥)(USDCNY) Trading Outlook HEFFX Notes Chinese Yuan Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 6.71. The projected lower bound is: 6.63. The projected closing price is: 6.67. FOREX CNY= closed up 0.013 at 6.669. Volume […]

Chinese Yuan Renminbi (CNY) ⇨ US Dollar ($) (USDCNY) HEFFX Notes

Chinese Yuan Renminbi (CNY) ⇨ US Dollar ($) (USDCNY) HEFFX Notes

Chinese Yuan Renminbi (CNY) ⇨ US Dollar ($) (USDCNY) HEFFX Notes HEFFX Renminbi Target is 7.00. Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 6.70. The projected lower bound is: 6.62. The projected closing price is: 6.66. Candlesticks indicates a continuation […]

Chinese Yuan Renminbi (CNY) ⇨ US Dollar ($) (USDCNY) HEFFX Notes

Chinese Yuan Renminbi (CNY) ⇨ US Dollar ($) (USDCNY) HEFFX Notes

Chinese Yuan Renminbi (CNY) ⇨ US Dollar ($) (USDCNY) HEFFX Notes HEFFX Renminbi Target is 7.00. Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 6.69. The projected lower bound is: 6.62. The projected closing price is: 6.65. Candlesticks signify a steady […]