CNY/TRY Renminbi Yuan bis Neue Türkische Lira FX ...

Trading Forex – Renminbi

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Trading Forex – Renminbi

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Trading Forex – Renminbi

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Trading Forex – Renminbi

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[Business] - Transactions of offshore renminbi soar in forex markets even as Trump slams China on currency

[Business] - Transactions of offshore renminbi soar in forex markets even as Trump slams China on currency submitted by AutoNewsAdmin to SCMPauto [link] [comments]

[Business] - Transactions of offshore renminbi soar in forex markets even as Trump slams China on currency | South China Morning Post

[Business] - Transactions of offshore renminbi soar in forex markets even as Trump slams China on currency | South China Morning Post submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

@FT: RT @FTMarkets: ECB gives renminbi its forex seal of approval https://t.co/p01RWsfMhV

@FT: RT @FTMarkets: ECB gives renminbi its forex seal of approval https://t.co/p01RWsfMhV submitted by -en- to newsbotbot [link] [comments]

China moves to curb yuan strength, making it cheaper to bet against the currency

This is the best tl;dr I could make, original reduced by 67%. (I'm a bot)
Over the weekend, the People's Bank of China cut the forex risk reserve ratio for forward contracts - from 20% to zero, according to a central bank statement.
Banks used to hold 20% of sales for some currency forward contracts, which essentially lock in the exchange rate for the sale of a currency on a future date.
The central bank move appeared to be aimed at stabilizing the Chinese currency, also referred to as the renminbi.
Last Friday, the currency rallied around 1.4%. "In the next step, the will continue to maintain the flexibility of the RMB exchange rate and stabilize market expectations, so as to keep the RMB exchange rate basically stable at an adaptive and equilibrium level," said the statement on the PBOC website.
While the U.S. Federal Reserve has cut rates and indicated they will stay near zero for years, China's central bank has reversed the bulk of the decline in short-term rates - meaning that Chinese treasury yields are set to be above that of other major markets.
That could draw investors to Chinese government bonds, leading to an inflow into the yuan - hence boding well for the exchange rate.
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Money, Money, Money - Its always about the money!


Some economists (but not all economists) believe that the USD and the US economy is losing its integrity and may ultimately collapse.
https://www.businessinsider.com.au/dollar-crash-swelling-deficit-deglobalization-stephen-roach-coronavirus-stimulus-recession-2020-6?r=US&IR=T
https://www.bloomberg.com/opinion/articles/2020-06-14/dollar-crash-how-will-it-unfold
https://www.investopedia.com/articles/forex-currencies/091416/what-would-it-take-us-dollar-collapse.asp
https://www.nytimes.com/2020/06/06/upshot/coronavirus-economic-crisis.html
https://www.ft.com/content/d5f05b5c-7db8-11ea-8fdb-7ec06edeef84
https://markets.businessinsider.com/news/stocks/dollar-crash-swelling-deficit-deglobalization-stephen-roach-coronavirus-stimulus-recession-2020-6-1029312845?op=1
https://medium.com/@baileybarney/will-the-us-dollar-collapse-23e707f19da0

Question: If accurate, what would replace the USD as the global reserve currency?
Answer: The IMF is ready with a replacement global reserve currency called SDR's!

  1. https://www.imf.org/external/pubs/ft/fandd/2019/12/future-of-the-IMF-special-drawing-right-SDR-Ocampo.htm
" In this brave new world, is it time to rethink the SDR’s role?" (Ocampo)"The IMF should not pass up this opportunity" (Ocampo)
  1. https://www.project-syndicate.org/commentary/imf-special-drawing-right-global-currency-by-jose-antonio-ocampo-2019-04?barrier=accesspaylog
3.https://www.google.com/amp/s/amp.theguardian.com/business/2017/ap24/imf-populism-nationalism-sdr-reserve-currency
4.https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR
5.https://www.theigc.org/project/the-viability-of-the-special-drawing-rights-as-an-international-reserve-asset/
6.https://www.google.com/amp/s/www.livemint.com/news/india/consensus-remains-elusive-among-g20-countries-on-fresh-sdr-allocation/amp-11595160202040.html
7.https://www.google.com/amp/s/amp.ft.com/content/43a67e06-bbeb-4bea-8939-bc29ca785b0e
8.https://www.nytimes.com/2010/02/27/business/27imf.html
9.https://www.economist.com/finance-and-economics/1998/09/24/one-world-one-money
10.https://www.google.com/amp/s/www.cityam.com/world-reserve-currencies-is-the-us-dollars-days-numbered/amp/
11.https://www.eastasiaforum.org/2019/09/22/the-dollar-shouldnt-be-the-reserve-currency-but-neither-should-the-renminbi/

Will CBDC's be created at the same time as the SDR's? Will exchange rates of CBDC's be anchored to Quotas? Is the IMF a fund or potentially more like a Central Bank for the World? How did the IMF come about?
Central Bank Digital Coins - CBDC's
https://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2018/11/13/Casting-Light-on-Central-Bank-Digital-Currencies-46233

2.https://www.imf.org/en/News/Articles/2019/05/13/sp051419-stablecoins-central-bank-digital-currencies-and-cross-border-payments
https://www.google.com/amp/s/techwireasia.com/amp/2020/03/central-banks-are-keen-on-digital-currencies-the-imf-is-backing-them/
3.
https://m.economictimes.com/markets/stocks/news/central-banks-wake-up-to-digital-currency-create-new-framework-with-wef/articleshow/73554517.cms
4.
https://www.forbes.com/sites/pawelkuskowski/2020/06/07/central-bank-digital-currencies-cbdc-a-crisis-recovery-tool-for-governments/5.
https://www.weforum.org/press/2020/01/central-banks-waking-up-to-digital-currency-create-new-framework-for-cbdc-deployment-with-world-economic-forum-177ca5d9ee/6.
https://www.theblockcrypto.com/linked/41243/imf-officials-say-synthetic-cbdc-with-a-public-private-partnership-is-the-better-option7.
https://blockchain.news/insight/private-firms-can-boost-innovation-of-central-bank-digital-currencysays-imf-8.
https://coinidol.com/official-promote-digital-currency/9.
https://bitcoinexchangeguide.com/top-imf-official-calls-for-synthetic-central-bank-digital-currencies-cbdc-development/10
  1. England:https://www.bloomberg.com/amp/news/articles/2020-07-13/bank-of-england-debating-digital-currency-creation-bailey-says
  2. USA:https://www.forbes.com/sites/jasonbrett/2020/03/23/new-coronavirus-stimulus-bill-introduces-digital-dollar-and-digital-dollar-wallets/amp/
https://www.google.com/amp/s/www.wsj.com/amp/articles/fed-digital-dollars-are-part-of-debate-over-coronavirus-stimulus-11585085518
  1. Australiahttps://www.businessinsider.com.au/the-rba-has-been-secretly-working-on-an-all-digital-version-of-the-australian-dollar-but-it-may-not-release-it-to-the-public-at-all-2020-1
https://www.rba.gov.au/publications/submissions/payments-system/financial-and-regulatory-technology/
  1. Canadahttps://www.ledgerinsights.com/canada-exploring-consumer-cbdc/
  2. Swedenhttps://www.google.com/amp/s/cointelegraph.com/news/sweden-is-testing-its-new-central-bank-digital-currency/amp
  3. Norwayhttps://www.norges-bank.no/en/news-events/news-publications/News-items/2019/2019-06-27-cbdc/
  4. European Unionhttps://www.google.com/amp/s/finance.yahoo.com/amphtml/news/dutch-central-bank-wants-european-191627776.html
  5. Singaporehttps://chainbulletin.com/singapore-ready-to-explore-cbdc-together-with-china/amp/
  6. New Zealand:https://investmentnews.co.nz/investment-news/digital-central-bank-money-tipped-for-world-dominance/
  7. Chinahttps://www.ledgerinsights.com/china-central-bank-digital-currency-cbdc-renminbi-dolla

SideNote:

The World Economic Forum is planning a major event for January of 2021 that will focus on the "Great Reset" and the "4th Industrial Revolution".
https://www.weforum.org/great-reset/
https://www.weforum.org/agenda/2016/01/what-is-the-fourth-industrial-revolution/

Prince Charles wants to reset - Do you?
https://www.theguardian.com/uk-news/2020/jun/03/pandemic-is-chance-to-reset-global-economy-says-prince-charles

What are they gonna reset?

TL:DR
!. Potential collapse of the US dollar.
  1. Replaced by IMF SDR's
3.Complimented by new CBDC's
  1. How is this connection the WEF "Great Reset..
Its time to read, learn and share!

Edit = Added TL:DR
submitted by andrew77mc to conspiracy [link] [comments]

Forex – U.S. Dollar, CNY steady after trade deal

📷
A man walks past an advertisement promoting China’s renminbi (RMB) or yuan, U.S. dollar and Euro exchange services at foreign exchange store in Hong Kong, China, August 13, 2015. REUTERS/Tyrone Siu
The dollar and the Chinese yuan remained steady a day after China and the U.S. signed a phase one trade deal aimed at easing tensions between the two largest economies in the world.
The signing of the deal on Wednesday, Jan. 15, in the U.S. helped equities markets and lent some stability to currencies.
https://icoquet.com.ng/forex-u-s-dollar-cny-steady-after-trade-deal/
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Rupee gains marginally as crude slips

Rupee gains marginally as crude slips
In early deals today, the rupee traded at 71.38 a dollar, up 0.10% from Monday’s close of 71.44
Asian currencies were trading lower

https://preview.redd.it/nefagk4ucgd41.jpg?width=1200&format=pjpg&auto=webp&s=761f8ada6aedc97ca9b9b6d2a81f384fb4a70328
The Indian rupee on Tuesday strengthened marginally against the US dollar after international crude oil prices fell on demand worries.
In early deals today, the rupee traded at 71.38 a dollar, up 0.10% from Monday’s close of 71.44. The Indian unit had opened at 71.38 a dollar.
Brent crude slipped on concerns that demand will be hit as the novel coronavirus spread rapidly in China and other countries. Global stocks and currencies also fell on concerns over the spread of the new virus. China on Tuesday reported a further increase in both the death toll and number of infected people from the virus. The director-general of the World Health Organization is visiting Beijing to assess China’s response to the disease as the death toll topped 100 and the number of cases soared overnight.
Traders also focus on the US Federal Reserve meeting due today and tomorrow where it is expected to keep rates unchanged. Traders will also eye the Union Budget on 1 February for cues on fiscal deficit and government borrowing targets. Analysts expect the government may widen fiscal deficit for the current fiscal to 3.7% from 3.3% projected. The government may keep deficit target at 3.5% for next year.
“All of this shall keep the rupee on upward bias but quantum of move shall remain low as people wait for budget before taking long bets. The further course of the pair shall be clearer after the Budget announcement as the markets will react differently to the various measures which shall be announced by the Government,” said CR Forex Advisors in a note to its investors
The yield on the 10-year government bond was at 6.553% compared with its previous close of 6.556%. Bond yield and prices moves in opposite directions. The benchmark Sensex was at 41,150.72, down marginally. Year to date, the index has lost 0.24%.
Year to date, the rupee has strengthened 0.06%, while foreign investors have bought nearly $2.23 billion in Indian equities and sold $1.44 billion in debt.
Asian currencies were trading lower. Malaysian ringgit was down 0.62%, Thai Baht 0.26%, Indonesian rupiah 0.25%, Taiwan dollar 0.25%, Japanese yen 0.07%. China renminbi was up 0.46% and China Offshore 0.11%.
The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 97.948, down 0.01% from its previous close of 97.956.
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[EVENT] 2021 People's Bank of China Statement

Press Conference with the Governor of the People's Bank of China 任中国人民银行行长 Yi Gang 易纲 on current monetary and regulatory matters in the People's Republic of China for the year 2021
Dear Ladies and Gentlemen,
I shall be presenting the position of the People's Bank of China on the current forecast for the fiscal year 2021, with emphasis on the growth predicted for the country and the ramifications it has for the monetary policy of the PBOC. Additionally, I shall address the demand for the People's renminbi as a reserve currency for the Federal Republic of India.
Concerning the growth of the economy for 2021, official growth stands at 6,3 percent. We raise our satisfaction with some positive changes have occurred in the structural adjustments of the Chinese economy in previous quarters, but deep problems remain amid uncertainties. While the the trade war with the United States has been officially ended and there has been regulatory and financial reform, we raise concerns with the additional oversight that has been placed on the digital economy and infrastructure of firms operating in the country. We would like to raise - in coordination with the State Council, that the policy is in response to both the U.S. CLOUD Act and European GPDR to which the burden is regrettable.
Of more pressing concern is the slowing growth for the year that has missed the official target of the PBOC and the government. Thus I shall state that the People's Bank will continue the prudent monetary policy that is neither too loose or too tight, and ensure reasonably ample liquidity in the interbank market. However. The Bank shall begin a further stimulus package to address the slowing growth through creating further domestic credit growth and boost consumer demand.
The additional aim will be to allow for easier borrowing for businesses that does not hold substantial non-performing loans that have been flagged to the Ministry of Finance. This relates to the new Supplementary Measures that are now being issued:
Regarding State-Owned Enterprises, credit expansion will delegated by State-owned Assets Supervision and Administration Commission (SASAC), under guidance by the PBOC.
With this screening policy in place - essentially window guidance, we hope to avoid flooding of inefficient credit creation.
As to the matter of the size of the stimulus, the PBOC shall roll out a $260 billion package, with targeted support for performing small- and medium banks that have has viable credit profiles. Banks that fail to meet this requirement shall be reported to regulators to shore up, with asset sell-offs and NPL write offs - with the State-owned Assets Supervision and Administration Commission (a percentage of the $144 billion operating budget has been allocated for this write-off, complimented with the National Debt Service allocations as outlined by the Ministry of Finance's projected budget for 2021)
Concerning the state of the renminbi and its valuation, should growth projections worsen, the Bank is willing act robustly in the defence of the currency. Current repo rates shall remain in line and compliment current inflation metrics.
Concerning more fascinating matters, the internationalisation of the renminbi is a policy that we at the PBOC would encourage policy makers to continue upon. Due to the dominance of the American dollar, the US government can issue debt and print money freely. It gains from seigniorage, as people hold dollars for use in transactions. As the world has seen, especially in recent years, control of dollar-clearing systems enables the United States to limit others’ financial access - which is of particular concern for the PBOC. Many global goods, especially commodities, are priced in dollars. These benefits also provide the United States with political gains and soft power. The same can be assumed for the renminbi and China should further relaxation of capital accounts and the not too loose or restricted monetary policy of the PBOC continues as it has.
From 2009, the dollar has held steady at 60% of global reserves over the past decade, after declining from 70%. With the euro area’s troubles, the euro’s share has slipped; developing economies now hold about 24% of their reserves in euros, down from 31% in 2009. Other currencies – Swiss, Australian, Canadian – increased their attractiveness for a time, but their market size is limited and cyclical conditions have dampened some interest. The Japanese yen and British pound will continue to play a modest role, though we remain pessimistic on the role of the British pound should a No Deal Brexit be followed through. SDRs, which represent less than 3% of global reserves, suffer from a lack of private trading, invoicing, borrowing and lending, granted the renminbi has been added to the basket peg in which SDRs are issued by the IMF.
Given the decision of the Indian government to divest from the their dollar holdings, the PBOC shall announce the sell of $20 billion of National Government Bonds to the Reserve bank of India as well as a purchase of $30 billion worth of renminbi to be held in forex reserves.
Due to this measure, we hope to see that the liquidity of the Renminbi expands as international interest picks up, to which the PBOC shall facilitate all currency purchases as well as bond issuance to those who seek a stable investment.
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"China Banks Seem To Be Doing Whatever They Can To Avoid Paying Anyone In Dollars"

submitted by rentonwong to China [link] [comments]

[ECON] 2022 People's Bank of China Statement

Press Conference with the Governor of the People's Bank of China 任中国人民银行行长 Yi Gang 易纲 on current monetary and regulatory matters in the People's Republic of China for the year 2022
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.
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The dollar is stable against major currencies, the yuan is getting cheaper

The dollar is stable against major currencies, the yuan is getting cheaper
The dollar is trading without significant changes to a basket of major currencies during the Asian trading on Monday.
Euro is $ 1,1027 compared with $ 1,1030 in the previous session. The cost of the single European currency to the Japanese is 117.84 yen compared to 117.89 yen. The dollar is 106.88 yen against 106.92 yen.
https://preview.redd.it/47wlji907kl31.jpg?width=852&format=pjpg&auto=webp&s=96068d8a3f0c1e1953e4e3b89f37850b066cb361
The ICE Dollar Index, which shows the value of the US dollar against six major world currencies, is up 0.03%. The WSJ Dollar indicator, which tracks the dynamics of the dollar against 16 major world currencies, is adding 0.01%.
A significant event for the markets this week will be a meeting of the European Central Bank, the results of which will be announced on Thursday, September 12.
In July, the head of the European Central Bank, Mario Draghi, hinted at the possibility of new measures to stimulate monetary policy. Investors expect a decrease in the deposit rate, which is currently at minus 0.4% per annum, by 15 basis points. Economists predict that the regulator will purchase assets worth EUR 30 billion per month during the year.
The data of the European Union Statistical Office, published at the end of last week, showed that the economy of 19 eurozone countries in the second quarter of 2019 grew by 0.2% compared to the previous quarter. The indicator coincided with preliminary data and market forecasts.
Meanwhile, in annual terms, Eurozone GDP increased by 1.2%, although a preliminary report indicated an increase of 1.1%. Experts did not expect its revision. In the first quarter of this year, eurozone GDP grew by 0.4% in quarterly and 1.2% in annual terms.
Also, the Chinese yuan is getting cheaper against the dollar. Traders are evaluating the statistical data and the decision of the Central Bank of China to soften reserve requirements for banks.
The renminbi against the US dollar is 7.1291 yuan / $ 1, compared with 7.1157 yuan / $ 1 on the previous trading day.
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U.S. dollar share of global currency reserves at lowest since 2013: IMF data

This is the best tl;dr I could make, original reduced by 36%. (I'm a bot)
The U.S. dollar's share of currency reserves reported to the International Monetary Fund fell in the second quarter to its lowest level since the end of 2013, while the yen's share of reserves grew to the largest in nearly two decades, data released on Monday showed.
This was the greenback's smallest share of overall reserves since the fourth quarter of 2013 when it was 61.27%. Total allocated reserves increased to $11.02 trillion in the second quarter from $10.90 trillion in the previous quarter.
The share of foreign exchange reserves in the Japanese yen, the euro and the Chinese yuan all increased from the previous quarter, extending a recent trend where the dollar's share of currency reserves has declined at the expense of these currencies.
The U.S. dollar remains the world's dominant reserve currency but central banks around the globe appeared to continue to diversify their reserves away from the greenback.
The yen's share of global allocated currency reserves rose to 5.41% in the second quarter of 2019 to the largest since the first quarter of 2001.
The share of allocated currency reserves held in yuan, also known as renminbi, rose to 1.97%, the highest since the IMF began reporting its share of central bank holdings in the fourth quarter of 2016.Reporting by Richard Leong and Saqib Iqbal Ahmed; Editing by Ed Osmond and Lisa Shumaker.
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China forex reserves being sold off in large amounts in recent months

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U.S. dollar share of global currency reserves hits near 5-year low. Euro and Yen rises. IMF

This is the best tl;dr I could make, original reduced by 59%. (I'm a bot)
Dec 28 - The U.S. dollar's share of currency reserves reported to the International Monetary Fund fell in the third quarter to a near five-year low, while the euro's share of reserves grew to its largest in almost four years, data released on Friday showed.
The Chinese yuan's share of allocated reserves shrank for the first time in the third quarter since the IMF began reporting its share of central bank holdings in the fourth quarter of 2016.
The share of allocated U.S. dollar reserves declined to its smallest since the 61.27 percent in the fourth quarter of 2013, IMF data showed.
Central banks appear to further diversify their reserves away from the greenback, which remains the world's dominant reserve currency.
The share of allocated currency reserves held in yuan, also known as renminbi, slipped to 1.80 percent in the third quarter from 1.84 percent in the prior quarter.
Ranked second behind the greenback, the euro's share of global reserves climbed to 20.48 percent, its biggest since the fourth quarter of 2014.
Summary Source | FAQ | Feedback | Top keywords: reserve#1 quarter#2 share#3 percent#4 currency#5
Post found in /Economics.
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Why do economists forecast that global liquidity dries up if people stop using and holding the US dollar?

I am currently reading this Quartz article https://qz.com/1150533/the-dollars-days-as-the-worlds-most-important-currency-are-numbered/ and I am having a hard time understanding some of the concepts in it.
For example, there was this paragraph: "That would be severely disruptive to the global economy and the maintenance of globalization as cross-border trade and financial transactions rely on dollars. If liquidity dries up because people don’t want to hold and use dollars, what are they going to use instead? There are only so many Swiss francs and Chinese capital controls make it hard to get your hands on renminbi. There would be a global liquidity shortage. That’s a dire scenario."

I wish to understand more on this. What is the connection between global liquidity and the US dollar? And assuming that rival reserve currencies come up, for example, the Swiss Franc, why would it be hard to get Swiss Francs?
My understanding is that when governments, central banks and SWFs hold US dollars in the forex reserves, they are actually holding US T-bills, which is a promise that the US govt will pay the bond holders back the money, consisting of the principal and interest (the US govt will get the money to pay back by issuing more bonds; and the whole world would still buy because they are absolutely sure the US government would pay them back)
I am getting confused.
Because I once saw this report: https://www.npr.org/sections/money/2011/10/21/141510617/what-if-we-paid-off-the-debt-the-secret-government-report

The understanding that I am getting from the article is that if people stopped investing in the US dollar, there would be a flood of cash (in various currencies) that have nowhere to go.
Am I misunderstanding the whole thing?
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ELI5:How does one bet against the market?

I was reading up on the Chinese currency devaluation, and it mentions speculators betting against the market. I believe Soros did something similiar that made him famous in the UK, and that the Chinese government hate him for attempting it now.
How does one actually "bet" against the market? Is the concept of "shorting" related to this/similiar to this?
Don't possess a finance background, but the scientist in me is curious.
Thanks.
submitted by dxjustice to explainlikeimfive [link] [comments]

Market Update

Market Update


Chart of Comparison in Risk Assets over 12 Months

WHEN BIAS SHIFTS, CATALYSTS ONCE DOWNPLAYED STOKE FEAR

There is already evidence to show the speculators across region and asset class are far less responsive to any-and-all positive news while trouble - both insinuated and overt - drives the bears forward. This may seem a pedantic definition of the obvious, but the underlying bias of the speculative rank trumps the catalysts that more often commands the attention of traders looking for signals for new opportunities or to avoid cascading risk. With a bullish bias, 'good news' extends gains while the 'bad' is discounted or outright ignored. With a bearish setting, the opposite is true. Suddenly, the troubling clouds approaching from the horizon look genuinely daunting. And, the list of storms out on the radar is somewhat overwhelming. Earnings have proven a great example of how bias can shift fundamental event's influence on price, particularly the reaction to to Netflix, Google and Amazon. We are due more important corporate updates - Apple, Facebook, US Steel, GM, etc - in the week ahead. Further, there are some expectations that a slump in corporate buybacks is soon to pass. Should that not earn more buoyancy, it will dash another holdout source of strength. Far more systemic but too often overlooked, the US-China trade war and global monetary policy deserve much closer scrutiny. USDCNH is within reach of the offshore Renminbi's record low in its short history and the supposed 'red line' of 7.0000, and rhetoric for these two countries is showing no sign of improvement while growth and sentiment figures start to sputter. As for monetary policy, there is good reason to believe the world's largest central banks and their expansive stimulus programs have been a key pillar in promoting speculative enthusiasm. If confidence in their ability drops, there is little they can do already so exposed.

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Singularity of the Dollar

This is an automatic summary, original reduced by 88%.
You see clear evidence of The Singularity in the compression of values that occurred directly before just about every FOREX trading pair went BERZERK, and the Dollar value relative to all of them Flash Crashed.
With so much ongoing here in the world of Global Finance Manipulation, it seems more likely to me that somebody who can push VERY big money around did a significant dump of Dollars, against the current general trend of the market to run TOWARD the dollar right now, since it's still the best looking Dogshit in the Pound.
1 Da Fed: Da Fed can buy or sell as many Dollars as it wants to, doing Currency Swaps at will.
Perhaps TPTB in charge there wanted to stop or at least slow down the appreciating value of the dollar relative to other currencies or raise the price of Oil by devaluing the dollar.
2- The Chinese: The Chinese have a vast hoard of Dollars, and their own currency of the Renminby has a "Soft peg" to the dollar, so as the dollar has been increasing in value relative to other currencies, so has Renminby.
There are some other possible candidates, the Ruskies for instance are in a pitched battle with the Western Illuminati Banking system that uses the Dollar as World Reserve Currency, but it doesn't seem likely that with all the sanctions currently in place they would have sufficient leverage in Dollars to pull a stunt like this.
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Renminbi Not a Reserve Currency - YouTube What effect will the trade war have on forex markets?  #IGForexChat Internationalization of the RMB and Forex Implications Forex Trading Strategy Session: China CNY Devaluation: What does it mean? Do Yuan to Buy Some Renminbi? USD vs. the Renminbi Chinese Renminbi, Yuan Exchange Rates 25.01.2019 ...  Currencies and banking topics #43 Forex Power Signals on CNY/USD, INR/USD, BRL/USD & RUB/USD Секреты USDCNH - трейдинг китайским юанем на форекс Putting On a Long-Term US Dollar/Chinese Yuan Trade

Handeln Sie CNY/TRY mit Vertrauen, Livekursen und Charts von DailyForex. Bleiben Sie stets an einem zentralen Ort informiert über die Märkte und Lieblingsdevisen. EUR/CNY: Aktueller Euro - Chinesischer Renminbi Yuan Kurs heute mit Chart, historischen Kursen und Nachrichten. Wechselkurs EUR in CNY. See both the current exchange rate for Chinese Yuan Renminbi (CNY) and the currency's historical development over time against the Swedish Krona. You can choose your own time span in the CNY/SEK graph from 2012 to today's date. We also list the countries where CNY is primarily used currency. Überlegen Sie, wo Sie heute Chinesische Yuan Renminbi (CNY) konvertieren sollen? Sehen Sie sich heute die besten Chinesische Yuan Renminbi Wechselkurse in meiner Nähe an nach CNY Wechselkursverlauf und Prognose zur Maximierung Ihrer Rendite. China - Yuan Renminbi (CNY) The currency in China is officially called yuan, but most often the term 'renminbi' is used, meaning 'the people's money'. The currency code for the Chinese yuan is CNY and one yuan is divided into 10 jiao or 100 fen. Die Renminbi-Banknoten gab es vorerst im Wert von 1, 5, 10, 20, 50, 100, 200, 500, 1.000, 5.000, 10.000 und 50.000 Yuan. Da der Yuan jedoch zunehmend an Wert verlor, wurde die Währung im Jahre 1955 in den Nennwerten 1 Fen, 2 Fen, 5 Fen, 1 Jiao, 2 Jiao, 5 Jiao, 1 Yuan, 2 Yuan, 3 Yuan, 5 Yuan und 10 Yuan herausgebracht. 10 Fen waren 1 Jiao, 10 Jiao entsprachen 1 Yuan. Seit dem 1. Oktober 1999 ... Forex Renminbi DAX Trader Der griechische Bankenindex eilt von einem Rekordtief zum nächsten. Auch heute rauschte der Bankenindex Hellas um 20 Prozent in die Tiefe.

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Renminbi Not a Reserve Currency - YouTube

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