China Makes a Move on the USD

China Makes a Move on the USD

China is set to roll out a yuan-denominated oil contract as early as this year. Analysts call the plan, announced by Beijing in September, a huge move against the dollar’s global dominance. The so-called petro-yuan is a “wake up call” for investors who haven’t paid attention to the Chinese plans, according to the head of […]

FX Trading Week Ahead

FX Trading Week Ahead

FX Trading Week Ahead Global Overview Macron wins the French election but Euro fades. Tensions remain high in North Korea. Dollar mixed despite strong Non-Farm Payrolls report on Friday. EU making a lot of BREXIT Noise. China’s Trade Surplus Beats Forecasts. Crude oil prices still look vulnerable after snapping a 5-day losing streak. Another big […]

Asian Market Points to Lower Open on Wall Street

Asian Market Points to Lower Open on Wall Street

Asian Market Points to Lower Open on Wall Street Asian stock markets slipped and the dollar held its ground today after the US Federal Reserve’s latest assessment of the U.S. economy reinforced expectations for more interest rate increases later this year. European shares rose after an index of economic activity rose to a six-year high. […]

ASEAN Market Preview

ASEAN Market Preview

ASEAN Market Preview China’s main indexes fell for their fourth straight session on Wednesday, as investor worries deepened that tighter regulations against speculation and shadow banking will hurt the country’s credit-fuelled recovery. The blue-chip CSI300 index fell 0.5 percent to 3,445.88 points, while the Shanghai Composite Index lost 0.8 percent to 3,170.69 points. Small-caps stocks, […]

The Fed: Yellen Talks Rates

The Fed: Yellen Talks Rates

Janet Yellen on Friday signaled that an interest rate hike in this month’s monetary policy will likely be appropriate, if the economy progresses in line with officials’ expectation. “At our meeting later this month, the (Federal Open Market) Committee will evaluate whether employment and inflation are continuing to evolve in line with our expectations, in […]

Hong Kong Economic Update

Hong Kong Economic Update

HSI HANG SENG INDEX closed down -48.420 at 23,728.070. Volume was 24% above average (neutral) and Bollinger Bands were 10% narrower than normal. Open High Low Close Volume___ 24,044.48024,080.86923,694.33023,728.0702,111,361,280 Technical Outlook Short Term: Oversold Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 23,959.63 23,032.70 22,401.93 Volatility: 10 12 17 Volume: 1,909,525,248 […]

AUDUSD Trading Outlook

AUDUSD Trading Outlook

AUDUSD Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 32.30. The projected upper bound is: 31.94. The projected lower bound is: 31.18. The projected closing price is: 31.56. Australian Dollar closed up 0.043 at […]

Trading Outlook New Taiwan Dollar (NT$) ⇨ US Dollar ($) (TWDUSD)

Trading Outlook New Taiwan Dollar (NT$) ⇨ US Dollar ($) (TWDUSD)

Trading Outlook New Taiwan Dollar (NT$) ⇨ US Dollar ($) (TWDUSD) Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 32.31. The projected upper bound is: 31.98. The projected lower bound is: 31.21. The projected closing price […]

HEFFX Chinese Yuan (CN¥) Trading Outlook

HEFFX Chinese Yuan (CN¥) Trading Outlook

HEFFX Chinese Yuan (CN¥) Trading Outlook FOREX CNY= closed up 0.002 at 6.678. Volume was 21% below average (neutral) and Bollinger Bands were 21% narrower than normal. Open High Low Close Volume___ 6.682 6.683 6.676 6.678 2,338 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 6.68 […]

China News: CNY Headed Towards 7

China News: CNY Headed Towards 7

China News: CNY Headed Towards 7 FOREX CNY= closed up 0.006 at 6.687. Volume was 2% below average (neutral) and Bollinger Bands were 90% wider than normal. Open High Low Close Volume___ 6.680 6.687 6.679 6.687 2,771 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 6.68 […]

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

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

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators. Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas […]

China Implements Fx Trading Reforms

China Implements Fx Trading Reforms

China Implements Fx Trading Reforms $USDCNY The RMB Yuan is facing renewed devaluation pressure over expectations of a US Fed rate hike, but a large RMB Yuan devaluation is unlikely as China continues its market-oriented Fx (foreign exchange) reform. The central parity rate, or the fixing rate of the Chinese currency, had been weakening since […]

Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Outlook

Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Outlook

Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Outlook FOREX CNY= closed up 0.019 at 6.581. Volume was 11% above average (neutral) and Bollinger Bands were 39% wider than normal. Open High Low Close Volume___ 6.578 6.582 6.574 6.581 2,418 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period […]

HeffX-LTN FX Report (Daily)

HeffX-LTN FX Report (Daily) $EURUSD, $GBPUSD, $USDJPY, $USDCHF, $AUDUSD, $NZDUSD The USD trimmed gains but remained supported Vs the other peer currencies Wednesday, as FX investors became more cautious ahead of the minutes of the Federal Reserve’s most recent policy meeting due later in the day. USDJPY climbed 0.49% to 109.68. FX market participants were […]