Russia and China Setting Up to Transact Energy Business in Gold

Russia and China Setting Up to Transact Energy Business in Gold






Russia and China Setting Up to Transact Energy Business in Gold $GLD, $OIL, $USD, $CNY Russia’s largest bank, state-owned Sberbank, announced that its Swiss subsidiary had begun trading in Gold on the Shanghai Gold Exchange. Russian officials have signaled that they plan to conduct transactions with China using Gold as a means of marginalizing the […]






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

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






China’s yuan firms on stronger fixing, Q2 GDP data shrugged off China’s yuan, which has firmed against the U.S. dollar the past five sessions, strengthened again on Monday after the central bank lifted its official guidance for the Chinese currency’s midpoint to an 8-1/2 month high. The central parity rate of the Chinese currency renminbi, […]






Chinese Yuan (CN¥) Winning Streak Over

Chinese Yuan (CN¥) Winning Streak Over






China’s yuan weakened against the US dollar after a softer official fixing on Monday, snapping the currency’s four-day winning streak, while the launch of a bond trading scheme between China and Hong Kong had little impact on the market. The “Bond Connect” programme between China and Hong Kong kicked off on Monday, linking China’s US$9 […]






CN¥ Firmed Against US Dollar – crackdown on illegal sales

CN¥ Firmed Against US Dollar – crackdown on illegal sales






  China’s yuan firmed against the dollar on Monday, supported by a stronger midpoint fix and as data pointed to more balanced supply and demand in the forex market amid Beijing’s tougher crackdown on illegal capital outflows. Traders expect more volatility for the yuan in coming months, however, amid mounting expectations that the greenback could […]






Quick Profits On The Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD)

Quick Profits On The Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD)






China’s yuan firmed slightly against the US dollar ahead of possibly tighter monetary policy at home if US interest rates rise this week. The market has turned its focus to the Federal Reserve’s two-day policy meeting that starts later on, speculating that a hike in rates there will have a spillover effect on domestic money […]






Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Technical Analysis Still High

Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Technical Analysis Still High






Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Technical Analysis Still High Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 6.89. The projected upper bound is: 6.87. The projected lower bound is: 6.83. The projected closing […]






Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) China and The World’s Reserves

Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) China and The World’s Reserves






Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) China and The World’s Reserves Credit Suisse has cut its forecast for the Chinese yuan as Beijing sharpens its focus on currency stability. The bank cut its 3-month forecasts for the yuan against the U.S. dollar (USDCNY) to 6.88 compared to its previous forecast of 6.98, and […]






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

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






Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Falls China’s yuan firmed against the U.S. dollar on Wednesday after the central bank fixed its daily midpoint at the strongest level in three months, but the renminbi slid to new lows against currencies in a trade-weighted basket. official midpoint CNY=PBOC at 6.8635 per dollar prior to […]






Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Changing Frequently

Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Changing Frequently






Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Chinese Yuan (CN¥) ⇨ US Dollar ($) (CNYUSD) Changing Frequently China’s yuan edged up against the U.S. dollar on Tuesday after the central bank set guidance at its strongest in three weeks, but traders said corporate demand for the greenback could pressure the Chinese currency in the […]






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 […]






President Trump Not Likely to Label China a Currency Manipulator

President Trump Not Likely to Label China a Currency Manipulator






President Trump Not Likely to Label China a Currency Manipulator $BX President Donald Trump is unlikely to designate China a currency manipulator this month, breaking a campaign promise, and may “circle back” on healthcare legislation that failed in the House, one of his top economic advisers said Tuesday. The Trump administration is expected to issue […]






The Trump Effect: Trade Deficit Falls as Exports Hit 2-year Highs

The Trump Effect: Trade Deficit Falls as Exports Hit 2-year Highs






The Trump Effect: Trade Deficit Falls as Exports Hit 2-year Highs $DIA, $SPY, $QQQ, $VXX The US trade deficit fell more than expected in February as exports increased to a 2 year high and slowing domestic demand weighed on imports. The narrowing in the trade gap comes as The Trump Administration is pushing ahead with […]






US Dollar ($) ⇨ Chinese Yuan (CN¥)(USDCNY) China HEFFX Outlook 12/03/17

US Dollar ($) ⇨ Chinese Yuan (CN¥)(USDCNY) China HEFFX Outlook 12/03/17






US Dollar ($) ⇨ Chinese Yuan (CN¥)(USDCNY) China HEFFX Outlook 12/03/17 Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 6.95. The projected lower bound is: 6.85. The projected closing price is: 6.90. FOREX CNY= closed down -0.004 at 6.905. Volume was […]






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

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






US Dollar ($) ⇨ Chinese Yuan (CN¥)(USDCNY) China HEFFX Outlook Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 6.88. The projected upper bound is: 6.92. The projected lower bound is: 6.82. The projected closing price is: […]






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

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






US Dollar ($) ⇨ Chinese Yuan (CN¥)(USDCNY) China HEFFX Outlook Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 6.88. The projected upper bound is: 6.91. The projected lower bound is: 6.81. The projected closing price is: […]






FLASH Update: China “Grand Champions” of Currency Manipulation

FLASH Update: China “Grand Champions” of Currency Manipulation






FLASH Update: China “Grand Champions” of Currency Manipulation $CNY, $USD, $USDCNY FLASH: US President Donald Trump declared China the “Grand Champions” of currency manipulation Thursday, just a few hours after his new Treasury Secretary, Steven Mnuchin, pledged a more methodical approach to analyzing Beijing’s Fx (foreign exchange) practices. In an exclusive interview with Reuters, President Trump […]






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

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






US Dollar ($) ⇨ Chinese Yuan (CN¥)(USDCNY) China HEFFX Outlook Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 6.88. The projected upper bound is: 6.92. The projected lower bound is: 6.81. The projected closing price is: […]






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

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






US Dollar ($) ⇨ Chinese Yuan (CN¥)(USDCNY) HEFFX Trading Outlook Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 6.97. The projected lower bound is: 6.88. The projected closing price is: 6.92. FOREX CNY= closed up 0.031 at 6.918. Volume was 3% […]






China Trying to Halt Capital Outflows, Market Bears “Smell Blood”

China Trying to Halt Capital Outflows, Market Bears “Smell Blood”






China Trying to Halt Capital Outflows, Market Bears “Smell Blood” $USDCNY China’s increasingly aggressive measures to clampdown on capital outflows has not gone unnoticed by US hedge-fund manager Kyle Bass. Mr. Bass is famed for his successful bet against the US housing market in the global financial crisis of Y’s 2007-2008, so markets monitor his […]






Economic Watch Shows China’s Economy is Stable

Economic Watch Shows China’s Economy is Stable






Economic Watch Shows China’s Economy is Stable China’s rising M-M inflation and narrower decline in producer prices in August have provided fresh evidence of a steadying economy, experts said. China’s consumer price index (CPI), a main gauge of inflation, rose 0.1% in August on a M-M basis, the National Bureau of Statistics (NBS) announced last […]






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: 6.69. The projected lower bound is: 6.61. The projected closing price is: 6.65. FOREX CNY= closed up 0.022 at 6.652. […]






World Bank to issue SDR Bonds in China

World Bank to issue SDR Bonds in China






World Bank to Issue SDR Bonds in China China’s central bank (PBOC) said Friday that it allowed a division of the World Bank (WB) to issue bonds denominated in special drawing rights (SDR) in the country’s interbank bond market. The International Bank for Reconstruction and Development was approved to issue bonds worth 2 billion SDR […]






IMF Prepares for Inclusion of China’s RMB in its SDR Basket

IMF Prepares for Inclusion of China’s RMB in its SDR Basket






IMF Prepares for Inclusion of China’s RMB in its SDR Basket $CNY, $USD, $GBP, $EUR, $JPY The International Monetary Fund (IMF) Monday announced its board decision to amend the rounding methodology for determining currency accounts in the Special Drawing Right (SDR) basket, in order to make technical preparations for the inclusion of the Chinese currency, […]






US RMB Yuan Trading, Clearing Advocates Rally the Need

US RMB Yuan Trading, Clearing Advocates Rally the Need






US RMB Yuan Trading, Clearing Advocates Rally the Need The US market’s USD-centric approach is changing with the RMB Yuan becoming more internationalized. The heads of a US working group formed to push use of the Chinese currency in the United States claim that expanding RMB trading and clearing there will help both the Chinese […]