USD/CNH
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USD/CNH: Dollar remains supported ahead of key data
If we see continued strength in US data, this will further boost the hawkish Fed bets
China’s economy is expanding again, according to official data (USD/CNH)
The National Bureau of Statistics China (NBS) released PMI data this week which shows both the manufacturing and services sector are expanding.
China data beats low expectations - USD/CNH oversold?
China’s economy avoided contracting in Q4 according to today’s GDP figures, even if 0% q/q leaves little to be desired.
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Copper strength signaling stronger Yuan
The correlation coefficient between Copper and USD/CNH is -0.83. As long as this correlation is below -0.80, USD/CNH could be used as a proxy for copper.
China worries dominate agenda
USD/CNH has more than made up the losses we saw Friday
China data disappoints; USD/CNH halts 3-Day slide
Will USD/CNH hold and move higher? It may depend on how much the Chinese government is willing to further support the economy.
There’ll be a lot of bond bears with sore heads today
Traders were net-short the 2-year treasure note by a record amount last week. Which means falling yields are likely driven by short-covering by bears with sore heads.
The Chinese yuan and the Hang Seng are in freefall
Whilst the yuan has continued to decline against the US dollar, its weakness can be noted against several currencies as China let’s their currency slide.
The Chinese yuan and the Hang Seng are in freefall
Whilst the yuan has continued to decline against the US dollar, its weakness can be noted against several currencies as China let’s their currency slide.
Yuan, Chinese stocks tumble as economic concerns grow
China is struggling to restore confidence among investors
Yuan, Chinese stocks tumble as economic concerns grow
China is struggling to restore confidence among investors
USD/CNH: Economic woes mount for China
The economy needs fresh measures to stimulate domestic spending. However, the government’s strict Covid curbs are still there...
USD/CNH: Economic woes mount for China
The economy needs fresh measures to stimulate domestic spending. However, the government’s strict Covid curbs are still there...
JOLTS job openings - an employment miss (not to be missed)
Rate hikes are really beginning to take a bite out of the US employment numbers, with job openings falling at their fastest pace since the pandemic.
JOLTS job openings - an employment miss (not to be missed)
Rate hikes are really beginning to take a bite out of the US employment numbers, with job openings falling at their fastest pace since the pandemic.
China ready to intervene in USD/CNH; Tells banks to prepare
After the BOJ and the BOE intervened in the markets, traders are asking “Who’s next?”.
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S&P 500 Bullish Consolidation Continues - #SPXUSD chart on @TradingView https://t.co/tbATwhXXR1
4:08 PM − 28 Mar 2023
The yuan hits a 14-year low and sends USD/CNH above 7.2000
Another day, another big level gives way for global markets. And that has seen the yuan weaken to 7.2 against the US dollar, a level not seen since 2008.
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USD/CNH closed above 7.000 for first time in 26-months
Despite attempts to stabilise the yuan, USD/CNH has reached 7.000 as policies between the Fed and PBOC continue to widen.
USD/CNH almost at 7.00 as concerns over China intensify
When China sneezes, the world usually catches a cold – and that’s precisely how the markets have reacted so far.
Could the PBOC allow USD/CNH to head for 7.000
USD/CNH enjoyed its best day since the pandemic yesterday following China’s weak data, as the PBOC seemingly want to allow their currency to slide to help support the economy.
China set to reopen; Good news for the Yuan?
China is back and looking to move forward. With some help from the government, the trough in the PMI data may be behind us.
China lockdowns hit PMI data
The lockdowns in China have led to weaker manufacturing and services data. Is this just the beginning or is there more to come?
AUD/USD and NZD/USD highly correlated with USD/CNH
Traders can use the correlation coefficient on the 240-minute timeframe to help them determine where AUD/USD and NZD/USD may be headed next.