China Has Not Responded Positively to US on Trade

China Has Not Responded Positively to US on Trade

China Has Not Responded Positively to US on Trade Beijing’s trade practices make them an unreliable negotiating partner. White House economic adviser Larry Kudlow hammered China’s lack of cooperation in the US attempt to forge a trade deal. “They are unfair traders. They are illegal traders. They have stolen our intellectual property,” Mr. Kudlow said […]

China Disappears A-List Actress Fan Bingbing

China Disappears A-List Actress Fan Bingbing

China Disappears A-List Actress Fan Bingbing Fan Bingbing, 36 anni, an A-list Chinese movie star who has appeared in the “X-Men” and “Iron Man” film franchises, has more than 62-M followers online in China and fronted campaigns for Montblanc watches and De Beers diamonds, has disappeared. The star dropped out of sight in June when […]

Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan

Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan

Forex: Optimism Ahead of US-China Trade Talks Cap USD, Support RMB Yuan $USD/CNY In New York Wednesday US Dollar (.DXY) Index finished down 0.5% at 94.75, approaching its August low (94.43). The Buck saw some slight strength in overnight trade, but a slide to lows took place after the release of a cooler than expected […]

The Chinese Economy “looks terrible, it is collapsing”

The Chinese Economy “looks terrible, it is collapsing”

The Chinese Economy “looks terrible, it is collapsing” $USDCNY President Trump’s economic adviser Larry Kudlow says the Chinese economy “looks terrible.” Asked by President Donald Trump to assess China’s prospects this week at a cabinet meeting,Mr.  Kudlow declared that “their economy is just heading South,” citing “the latest batch of numbers” from China’s markets. “I’m not a […]

The Trump Administration Pushes Chinese Officials Back to the Negotiating Table

The Trump Administration Pushes Chinese Officials Back to the Negotiating Table

The Trump Administration Pushes Chinese Officials Back to the Negotiating Table $CNY Wednesday, China cautioned the US against “blackmailing and pressuring” it over trade as The Trump Administration pushes officials back to the negotiating table through threats of even higher tariffs. President Donald Trump’s officials are considering more than 2X’ing planned tariffs on $200-B in […]

China Has Launched Its Gold-backed ‘Petroyuan’

China Has Launched Its Gold-backed ‘Petroyuan’

China Has Launched Its Gold-backed ‘Petroyuan’ $CNY, $USD, $USO, $OIL, $GLD For the last few years, I have been writing about China’s coming Gold-backed ‘petroyuan’ and that it was imminent, few thought is possible. On 26 March China launch an RMB Yuan-dominated Crude Oil futures contract, it had tried before, but, now the contract has gotten […]

China Can ‘Open Up’ More, We Expect it Will

China Can ‘Open Up’ More, We Expect it Will

China Can ‘Open Up’ More, We Expect it Will People’s Bank of China (PBoC) Governor Zhou Xiaochuan, 70 anni, said market access reforms should be accelerated and that the world’s 2nd-largest economy “ can be bolder in opening up.” Policy makers are now focused on achieving “quality” growth, rather than the pace of expansion, which […]

China Plays a Role in the Gold Markets, How Important?

China Plays a Role in the Gold Markets, How Important?

China Plays a Role in the Gold Market, How Important? $GLD, $USDCNY China has been accumulating Gold over the past 10 years, and it is also the largest producer of Gold in the world and perhaps the world’s biggest consumers of the precious Yellow metal. The World Gold Council’s (WGC) data for Q-2 Y 2017, says […]

What is the Link Between RMB Yuan and Gold?

What is the Link Between RMB Yuan and Gold?

What is the Link Between RMB Yuan and Gold? $USDCNY, $GLD, $OIL People are asking, Paul, what is the link between the RMB Yuan and the precious Yellow metal? The Big A, as follows: Chart 1: The USD/CNY exchange rate (red line, right axis) and the price of Gold (yellow line, left axis, London P.M. […]

China Begins Resetting The World’s Reserve Currency System

China Begins Resetting The World’s Reserve Currency System

China Begins Resetting The World’s Reserve Currency System $GLD, $OIL, $CNY It is a strategic move swapping Crude Oil for Gold, rather than for US Treasuries, which can be printed at will. A report released by the Nikkei Asian Review indicates that China is prepared to release a RMB Yuan denominated Crude Oil futures contract […]

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 […]