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Chinese yuan (USD/CNY)

  • #61
  • Sep 29, 2010 11:29pm Sep 29, 2010 11:29pm
Quoting compro99
Anyone know of MT4 for this pair USD/CNY(chinese yuan) ?
BROCO MT 4

click Here

http://www.brocompany.com/
DRAGON-TECHNICAL ANALYSIS!
  • #62
  • Edited 2:18pm Jun 25, 2012 2:14pm | Edited 2:18pm
Quoting compro99
Anyone know of MT4 for this pair USD/CNY(chinese yuan) ?

OANDA offers an MT4 client with USD/CNY, if I remember correctly.

FXDD offers an MT4 client with USD/CNH, which is the off-shore (non-mainland China; i.e., Hong Kong) version of the remnimbi. This is different than the Hong Kong Dollar, which has currency symbol "HKD" and is offered at many brokerages. CNH is specifically Chinese mainland currency that is stashed in Hong Kong and made available for trading. It is rather hard to get credible information about the CNH's interest rate/overnight swap rate; if anybody knows where to get info on it, and if Bank of China governs said rates, please reply or PM me. I cannot find this info anywhere on the internet or through FXDD (thanks in advance, if you can help).

I'm not aware of 100% of the intricacies differentiating USD/CNH trading from USD/CNY trading, but I am aware of the fact that FXDD only offers USD/CNH and OANDA only offers USD/CNY. The spreads on each pair are very large and liquidity is quite low.
  • #63
  • Jun 25, 2012 3:09pm Jun 25, 2012 3:09pm
Quoting mwduke
OANDA offers an MT4 client with USD/CNY, if I remember correctly.

FXDD offers an MT4 client with USD/CNH, which is the off-shore (non-mainland China; i.e., Hong Kong) version of the remnimbi. This is different than the Hong Kong Dollar, which has currency symbol "HKD" and is offered at many brokerages. CNH is specifically Chinese mainland currency that is stashed in Hong Kong and made available for trading. It is rather hard to get credible information about the CNH's interest rate/overnight swap rate; if anybody knows where...
I believe OANDA also offers USD/CNH trading as CNY is impossible to exchange spot against other curriencies outside mainland China. "CNY" sometimes is used also to indicate CNH as it is the only official ISO abbreviation for the Chinese Yuan. The offshore Chinese Yuan is exclusively the CNH, and I think bloomberg platforms provide data about interest rates.
  • #64
  • Nov 1, 2012 11:01am Nov 1, 2012 11:01am
CNY is the designation for the non-delivarble forward.

Long term it seems both CNY and CNH are a good buy and offer a good carry trade opportunity.

Any thoughts?
  • #65
  • Oct 16, 2013 6:03am Oct 16, 2013 6:03am
time to revive this thread

which broker offers this pair? with minimum spread?
been there done that, Good Bye
  • #66
  • Apr 9, 2014 2:41am Apr 9, 2014 2:41am
Sorry guys, I just saw this thread already existed. Was a bit hidden in the underbrush... I accidentily created a new thread, but that will probably deleted soon.

I'd be interested if anyone has different data, this is what my borker shows, starting from November 12th, 2012:

Attached Image


and some news:

China’s NDRC says it will further enhance two-way fluctuation in yuan rate
39 minutes ago | April 9th, 2014 06:31:18 GMT by Mike Paterson | 0 comments

  1. will quicken pace of yuan on convertibility on capital account
  2. monetary policy should effectively prevent inflation and maintain financial market liquidity
  3. policy should keep market interest rates at appropriate levels

The National Development and Reform Commission out on reuters

  1. the room for monetary and fiscal policy to promote growth is getting smaller
  2. will fine tune policy in response to changes in economic situation
  3. will prevent risk from local govt debt

The day of the yuan gets ever closer

Fail better.
  • #67
  • Apr 9, 2014 11:02am Apr 9, 2014 11:02am
Quoting mwduke
{quote} OANDA offers an MT4 client with USD/CNY, if I remember correctly. FXDD offers an MT4 client with USD/CNH, which is the off-shore (non-mainland China; i.e., Hong Kong) version of the remnimbi. This is different than the Hong Kong Dollar, which has currency symbol "HKD" and is offered at many brokerages. CNH is specifically Chinese mainland currency that is stashed in Hong Kong and made available for trading. It is rather hard to get credible information about the CNH's interest rate/overnight swap rate; if anybody knows where to get info...
Aha! So an Usd/Cnh-Thread would indeed have been new. But of course, only one is needed. I would appreciate if someone with more historical data published a monthly/weekly-chart. Something like this one:


Quoting kharvell
Look at this graph {image}
Fail better.
  • #68
  • Apr 9, 2014 11:04am Apr 9, 2014 11:04am
Quoting WhiteHorse
time to revive this thread which broker offers this pair? with minimum spread?
that will be the problem
Hero calls followed by margin calls...
  • #69
  • Apr 9, 2014 11:38am Apr 9, 2014 11:38am
Quoting PhAnTi'
{quote} that will be the problem
If you look at my chart, I have 1.9 pips, but it's not fixed, and I haven't had a closer look at the range of the spread.
Just found this: http://www.forexfactory.com/news.php?do=news&id=479195
Fail better.
  • #70
  • Apr 9, 2014 11:40am Apr 9, 2014 11:40am
Quoting LarryDarrell
{quote} If you look at my chart, I have 1.9 pips, but it's not fixed, and I haven't had a closer look at the range of the spread. Just found this: http://www.forexfactory.com/news.php?do=news&id=479195
would be ok. I'm with Activtrades, they dont even offer the pair so far.
Which broker do you use?

J
Hero calls followed by margin calls...
  • #71
  • Apr 9, 2014 11:43am Apr 9, 2014 11:43am
Quoting PhAnTi'
{quote} would be ok. I'm with Activtrades, they dont even offer the pair so far. Which broker do you use? J
WHS. Alpari has got it, too, would have to look up the spread.
Fail better.
  • #72
  • Apr 15, 2014 3:14am Apr 15, 2014 3:14am
Short link to the beginning of a USD/CNH discussion in another thread: http://www.forexfactory.com/showthre...76#post7406076
Fail better.
  • #73
  • Apr 15, 2014 7:24am Apr 15, 2014 7:24am
Talking to myself...


some stuff to read:

http://www.ecrresearch.com/chinas-currency-rmb-cny-cnh

China’s currency is officially called the renminbi. The yuan is the unit of account. The renminbi, denoted RMB, is thus the name for the currency traded onshore and offshore. There exists a separation between these two markets, as China institutes capital controls that prevent the currency from flowing abroad and vice versa.
If the RMB is traded onshore (in mainland China), it is referred to as CNY, whereas if the RMB is traded offshore (mainly in Hong Kong) it trades at the rate of USD/CNH, deliverable RMB located in Hong Kong. Thus, while the RMB is just one currency, it trades at two different exchange rates, depending on where it is traded.

http://www.businessinsider.com/diffe...enminbi-2013-2

The crucial thing about the offshore renminbi (referred to as CNH here on), is that it doesn't fluctuate within a tight band like the onshore renminbi (CNY) and is free of Beijing's control in that regard.
In settling trade in renminbi, many companies accept CNY payments from Chinese importers and change that into dollars at the more attractive offshore rate. And borrowing costs are much cheaper in the CNH bond market than in mainland China.

Manipulating money
http://cdn.static-economist.com/site...322_WWC565.png
The People’s Bank of China took further action to weaken the yuan by widening the band in which it allows the currency to trade. The central bank has indicated that it is navigating a decline in the currency to deter speculators from betting on it rising continually; the yuan has strengthened by 30% since 2005, which China tolerated before worries emerged about “hot-money inflows” and falling exports. [from the economist]

Attached File(s)
File Type: pdf The Economist explains Why is the yuan so strong The Economist.pdf   85 KB | 519 downloads

Attached File(s)
File Type: pdf China’s currency One way no more The Economist.pdf   117 KB | 505 downloads
Fail better.
  • #74
  • Apr 15, 2014 10:08am Apr 15, 2014 10:08am
and a last one for today:

http://www.reuters.com/article/2014/...A1Q0IP20140227

Over the last three years, the yuan or renminbi has overtaken 22 currencies, most recently the Singapore dollar, Hong Kong dollar, and now the Swiss Franc.
The "redback" is now only ranked behind the U.S. dollar, euro, sterling, yen, Canadian dollar and Australian dollar, according to SWIFT.
As a relatively low-risk, http://images.intellitxt.com/ast/adTypes/icon1.png currency that has gained over 35 percent against the dollar since it was revaluated in 2005, the yuan also has become a growing favorite among international investors, though China's central bank in recent weeks has encouraged a drop in the exchange rate to stamp out speculative capital inflows.
Fail better.
  • #75
  • Apr 16, 2014 1:39am Apr 16, 2014 1:39am
Somebody's got to do it...

http://www.washingtontimes.com/news/...a-on-currency/

http://online.wsj.com/news/articles/...630058640.html

http://www.faz.net/aktuell/finanzen/...868827-p2.html
Fail better.
  • #76
  • Apr 17, 2014 10:44am Apr 17, 2014 10:44am
Quoting Citiboy
For my fellow US Dollar fans out there: China is Holding Back the US Dollar- http://trendersgame.com/2014/04/17/c...the-us-dollar/ US Data Points to Spring Bounce- http://trendersgame.com/2014/04/16/u...pring-bounce//
Good read.
Fail better.
  • #77
  • Edited 10:02pm Apr 17, 2014 9:43pm | Edited 10:02pm
Quoting LarryDarrell
{quote} Cool. Post it in the USD/CNY-thread, maybe we get this thing running...

Fellow trader,
for those who want to monitor Yuan (USDCNY or USDCNH), CYB can be use as alternative source or as proxy for Weekly analysis.. Cheers.

Attached Image (click to enlarge)
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  • #78
  • Apr 22, 2014 8:31am Apr 22, 2014 8:31am
Quoting andexQ
{quote} This is all i have, btw i moved my sell order to 6.24 {image}
Cool, getting there, good luck.
Fail better.
  • #79
  • Apr 23, 2014 7:40am Apr 23, 2014 7:40am
creating some traffic...

Quoting Citiboy
Something for the China watchers- Clock Ticks on China Sentiment- http://trendersgame.com/2014/04/22/c...ina-sentiment/ Slowly building up usdzar longs
Fail better.
  • #80
  • Apr 23, 2014 7:41am Apr 23, 2014 7:41am
Quoting LarryDarrell
{quote} Cool, getting there, good luck.

Attached Image (click to enlarge)
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