USD/CNH: Rebound could re-visit 6.8600 – UOB Forex Crunch

Bitcoin mentioned around Reddit: April swing trades AUD/USD, USD/MXN, USD/CNH, dollar strength dwindling? /r/Forex

Bitcoin mentioned around Reddit: April swing trades AUD/USD, USD/MXN, USD/CNH, dollar strength dwindling? /Forex submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Does anybody here trade CNH (Chinese currency) on the forex?

I cannot seem to find a way to even find quotes for the currency. Nor does my broker even trade it.
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XLNTrade- A broker that offers many advantages!

XLNTrade has a wide variety of financial products
XLNTrade's advantages include its wide range of financial products. They have up to 47 currency pairs, many of which are minor or exotic. As examples USD / CNH, USD / HUF, USD / PLN… etc. It also allows you to invest in gold, silver, natural gas, platinum, oil, coffee, cocoa, corn ... 15 main indices and lots of shares. And also in cryptocurrencies. Such a wide offer allows us to diversify our investments and energies. Not having luck with currency pairs? Try investing in raw materials! You may find your niche in places you've never thought of before. Here is the best strategy of trading
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Explanation of the charts I posted earlier

I'll try to explain. The context is the concept of purchasing power parity:
The concept is that the numbers themselves can tell you a lot, for example, the rate of a pair, say AUD/CAD specifically state what the AUDJPY and CADJPY should be. The AUDCAD is 0.83183 which means 1 CAD is equal to 1.20216 AUD. So however many JPY you can get for a AUD you should be able to get 1.20216 times more JPY for a CAD.
AUDJPY = 64.201
64.201 x 1.20216 = CADJPY = 77.17987
But the actual market price is CADJPY=76.974. Which means there is a disequilibrium between what the actual rate is. It can be quantified as the difference, -0.20587. I've taken that concept and expanded it to all currencies in a pretty large spreadsheet. The aggregate disequilibrium is accounted for each pair.
For this example, both the AUD is putting -0.20587 "weight" on the CADJPY and the CAD is putting -0.20587 "wieght" on the AUDJPY. This is collected for each individual currency and added together to represent the weight.
For example:
EUGBP 0.91447
USD/GBP 0.86211
CHF/GBP 0.87428
CAD/GBP 0.60099
AUD/GBP 0.50116
NZD/GBP 0.50600
JPY/GBP 0.007776594
ZAGBP 0.0484013
NOKGBP 0.0717705
HKD/GBP 0.110299
CNH/GBP 0.119747
SGD/GBP 0.588505
TRY/GBP 0.129911
SEK/GBP 0.0821385
DKK/GBP 0.12234
PLN/GBP 0.200372
MXN/GBP 0.0348339
RUB/GBP 0.0106524
Which averages out to 12.20271181 for the GBP. When this is done for each currency and added together which comes to 80.2174589.
GBP 12.20271181 15.21%
EUR 10.70881522 13.35%
USD 10.43321516 13.01%
CHF 9.209341569 11.48%
CAD 7.268234336 9.06%
SGD 7.16468796 8.93%
AUD 6.058258744 7.55%
NZD 6.065011193 7.56%
PLN 2.411473714 3.01%
TRY 1.541615401 1.92%
DKK 1.441292277 1.80%
CNH 1.411273128 1.76%
HKD 1.290361376 1.61%
SEK 0.952565391 1.19%
NOK 0.839225708 1.05%
ZAR 0.54313985 0.68%
MXN 0.507674255 0.63%
JPY 0.094083269 0.12%
RUB 0.074478539 0.09%
I've found that charting isn't needed to understand what prices should be now. They help in understanding what motivates people to have money exposed. Charts are in the psychological part of trading.
Edit: The JPY pairs are calculated times 0.01, that's why it's index is greater than RUB. I guess I can't post the charts anymore.
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Cryptocurrency Trading With Forex. How does It work?


What Are Cryptocurrencies?

First in cryptocurrency is Bitcoin, which appeared in 2009.

Crypto Trading with Forex Brokers

submitted by jakkkmotivator to thecryptobasic [link] [comments]

What currency's to trade if we see a stock market sell off

We're at a major resistance level for stocks, I think possibly this week we see a major sell off. If you also thought so what currency's would you trade. I'm fairly new to trading forex so just curious. I know USD/JPY is a big one, I'm already short on USD/CNH for a long time now, what are the main pairs you would look at trading on a weak stock market or weak dollar?
submitted by GenghisKhanSpermShot to Forex [link] [comments]

RMB at 6.6464 now, as known as 6.535535

submitted by upads to China [link] [comments]

[ECON] 2022 People's Bank of China Statement

Dear Ladies and Gentlemen
The People's Bank of China (PBOC) is gladdened to announce that the efforts made by the Bank to consolidate financial markets and reign in unproductive credit and the misappropriation in debt lending are seeing bountiful returns. For the 2022 year forecast, we are thus heartened to state that the economy has exponentially preformed to bring growth above 7 percent, beating negative analysis on efforts on the PBOC and government's meaningful reforms to address core structural issues that have threatened the Chinese and global economy.
While we have identified specific measures in relation to consumer demand and business growth, in conjunction with the improving regulatory framework, we foresee promising inflationary movement and are pleased to see an adaptive labour market take hold in overall trends for key benchmarks.
In regards to the current developments in the Banks's stimulus efforts, we shall maintain the current level of market guidance and capital assistance. While we continue this approach, we are constantly assessing the Mainland's capital markets liquidity and should concerns be spotted that identify general overheating, the PBOC is ready to address those concerns and enforce targeted measures.
Now, onto the main elements of the year's statement: the current status on the internationalisation of the Renminbi and policy responses to optimise a favourable environment as well as new guidelines on capital market
The following discussion shall be complimented with the following handout:

The Renminbi - The People's Currency, and Soon the World's?

The Continued Dollar Dominance
Chinese Efforts to Open Up the Renminbi - An Uneven Effort
Making The Cross Across the Riverbed Towards A More Global Renminbi
The PBOC has issued the following in its Guiding Measures to the Chinese Mainland and SAR financial markets:
This new rule will further buoy the offshore Renminbi (“Dim Sum”) bond market and accelerate the pace of Renminbi internationalisation.
submitted by Relativity_One to GlobalPowers [link] [comments]

Offshore yuan falls to record low, yen firm on intensifying trade frictions

This is the best tl;dr I could make, original reduced by 50%. (I'm a bot)
TOKYO - The offshore Chinese yuan fell to its weakest level on record on Monday while the Australian dollar flirted with this year's lows on concerns over a sharp escalation in the Sino-U.S. trade war.
The Japanese currency rose to a seven-month peak as U.S. bond yields plunged, with the 10-year yield at near 3-year lows, also pressured by slowing U.S. jobs growth.
The offshore yuan briefly fell to as low as 6.9875 per dollar on EBS CNH=, its weakest since the start of offshore trading, but quickly bounced back to 6.9793 CNH=EBS to be flat on the day.
China on Friday vowed to fight back against U.S. President Donald Trump's abrupt decision to slap 10% tariffs on the remaining $300 billion in Chinese imports, a move that ended a month-long trade truce.
The Australian dollar slipped 0.14% to $0.6791 AUD=D4, having hit seven-month low of $0.67625 on Friday.
The yen extended its advance to 106.31 yen to the dollar JPY=EBS, down 0.29% from late U.S. levels while the Swiss franc CHF= gained 0.2% to 0.9799 per dollar.
Summary Source | FAQ | Feedback | Top keywords: U.S.#1 low#2 dollar#3 trade#4 Friday#5
Post found in /worldnews.
submitted by autotldr to autotldr [link] [comments]

EURUSD fundamental analysis 2/13/18

So I pulled up the data from January 2017 on both Euro and USD. I think everyone can agree that was when you wanted to go long EURUSD. Here's what I found on each of the categories that I've been told are important to fundamental analysis:
Here's where we stand today:
As I've noted before the big thing that stood out in the Jan 17 assessment is that negative trade balance on the US side. I still maintain that $48B/mo in negative cash flows (now $79B!) just from running the economy has to dwarf any contribution from Forex speculators, but maybe I'm wrong. Yes, trillions of dollars move through Forex and derivatives, but these are Euros being bought with no stop loss or take profit, and minimal concern for order entry position. We would have to go all the way back to May of 2014 to see conditions that greatly favored the US.
Comparing this year to last, Euro is down 28% on its inflation but up 9.4% on unemployment and 1.2% on government debt. The trade balance has swung $24.7B in favor of the Euro. GDP growth rate and interest rate has not changed.
On the other hand, the USD had doubled its interest rate while losing 16% of its inflation. GDP has more than doubled and unemployment has improved 14.6%. The massive trade deficit has worsened 9% to -$53B. Government debt improved last year 0.38% but I expect that number to worsen once Trump's tax plan is on the books.
Tomorrow's inflation data is projected to show 1.9% which would be even worse at -24%.
So going category by category:
I'm not seeing inflation to justify interest rate increases on the USD side. If you want to buy bonds I think now is the time to do so. You can resell them later once the US announces it is backing off from interest rate increases. The Trump tax plan did prop up the stock market momentarily, but it also incurs debt that's going to hurt the US if it wants to continue raising interest rates.
The US cannot fix its trade balance. The new tax plan really only helps plutocrats. I don't think giving more money to the average citizen would help either since the average citizen would just spend more on foreign goods. The only thing I can think of is some sort of redistribution of wealth, with a focus on helping small businesses. At any rate, I'm not a politician just a speculative spectator.
Other than long EURUSD, JPY, ZAR, and CNH all look strong with high trade balances to counteract the USD. ZAR and CNH have higher interest rates, though Oanda doesn't pay interest on the CNH trade. NZD looks more risky but it might be worth a play as well. There isn't as much pressure for them to drive their currency down like there is for JPY and CNH. I like ZAR mostly as a hedge against the negative carry trade from being long the other currencies, but it should improve in value as well.
submitted by Radrezzz to Forex [link] [comments]

Bitcoin, SWIFT and the BRICS

So I wonder who will be first to move.
Edit: Formatting
submitted by snagain to Bitcoin [link] [comments]

Net P/L question

I'm fairly new to trading Forex and I have a demo account that I just started 2 weeks ago and I've been really liking trading. Something I noticed today was that the Net P/L wasn't reflecting the profits I was actually making, and I wanted some clarification on why this is so. For example, I have 2 trades:
USD/CNH Net amount 20k P/L 96.4 Net P/L +28.79
GBP/JPY Net Amount 20k P/L -14.7 Net P/L -26.89
Why is it that the P/L are vastly different the positive one being much higher than the negative one, yet the Net P/L are very close off by 2? I have no closed positions on either trade. Any insight would be apprciated
submitted by Raindid to Forex [link] [comments]

USD vs CNH Trade Update 8 9 17 USD/CNH and GBP/NZD Live Forecast With The Help of Price Action  Trading Trick  Forex Strategy Charts for Next Week: EUR/USD, USD/JPY, USD/CNH, Gold Price & More Chine et Yuan : Stratégie Forex USD CNH USD/CNH Price Analysis: Bears seeking bearish environment ...

Source: Tradingview, On a 240-minute timeframe, USD/CNH has formed a rising triangle formation and appears on the verge of breaking higher. The target for a rising triangle is the height of the triangle added to the breakout point, which would put price near 7.3400. On Friday, the ICE U.S. Dollar Index climbed to a 2-month high of 94.64, amid continued short covering. USD/CNH rebounded 0.6% last week, halting an 8-week decline. This week, investors will focus on the release of China’s September official Manufacturing PMI (a slight improvement to 51.3 expected), Non-manufacturing PMI (edging down to 54.7 expected) and […] Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or ... USD/CNH. Get live currency rates for US Dollar / Chinese Yuan. Fixed Spread. Guaranteed Stop Loss. Trade now with forex trading platform easyMarkets. Further upside in USD/CNH is likely to test the 6.8600 region in the next weeks, according to FX Strategists at UOB Group.. Key Quotes. 24-hour view: “Last Friday, we expected USD to ‘trade sideways between 6.8000 and 6.8400’. USD subsequently traded within a narrower and slightly higher range than expected (6.8110/6.8448) before closing little changed at 6.8236 (-0.05%).

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USD vs CNH Trade Update 8 9 17

-Clearly explained videos to help you build your forex trading strategy and market knowledge -Access to self-serve market information for traders to apply and enhance their own analysis Benoit Fernandez-Riou (spécialiste du Forex) vous explique la nouvelle place de la Chine et du Yuan vis à vis de l'équilibre mondial. Une stratégie de trading sur la paire USD/CNH vient ... Trade Forex the easy way. No trading skills, no problem! Just chose a strategy manager, invest a minimum of $100, and start earning a 70% share of your strat... There are the latest Forex market analysis by Set and Forget strategy, simple and clear to trade with high odds. You can learn a simple method to take profit on your trades with our community. USD/CNH and GBP/NZD Live Forecast With The Help of Price Action Trading Trick Forex Strategy ... For Currency INDEX Chart Visit- Recommended Low Spread Forex Brokers:-