Chinese yuan (USD/CNY) | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/CNY, USD/JPY

Similar Threads

Looking for USD/CNY or USD/CNH M15 data 2013/14-2014/15 0 replies

AUD/USD - CNY trade balance figure confusion 3 replies

USD/CNY carry trade? 6 replies

History of Chinese intervention in USD/CNY? 0 replies

Chinese Yuan to start trading at the Merc. 2 replies

Attachments: Chinese yuan (USD/CNY)
Exit Attachments

Chinese yuan (USD/CNY)

  • #81
  • Apr 23, 2014 7:49am Apr 23, 2014 7:49am
Quoting andexQ
{quote} {image}
.

Meanwhile I just realized that my inicators use two different values with this currency.

Attached Image


Normally, the spread indicated (18 points) would translate into 1.8 pips. And the ADR (117.7) would be exactly that figure in pips. But looking closer, this is either a daily range of 11.77 with a 1.8 pip spread, or daily range of 117 with 18 pips... I guess the former. All in all, not a very attractive combination...
Fail better.
  • #82
  • Apr 23, 2014 7:55am Apr 23, 2014 7:55am
We need to start posting the fix in this thread.

APRIL 23RD 2014
UPPER LIMIT-6.2831
FIX-6.1599
LOWER LIMIT-6.0367
Twitter: @TrendersGame
  • #83
  • Apr 23, 2014 8:05am Apr 23, 2014 8:05am
Quoting Citiboy
We need to start posting the fix in this thread. APRIL 23RD 2014 UPPER LIMIT-6.2831 FIX-6.1599 LOWER LIMIT-6.0367
Thanks, very good idea! Where do you get that data?
Fail better.
  • #84
  • Apr 23, 2014 8:12am Apr 23, 2014 8:12am
Quoting LarryDarrell
{quote} Thanks, very good idea! Where do you get that data?
i just search for it on twitter lol. then you just do the 2% band calculation
Twitter: @TrendersGame
  • #85
  • Apr 23, 2014 8:19am Apr 23, 2014 8:19am
Quoting Citiboy
{quote} i just search for it on twitter lol. then you just do the 2% band calculation
seems I don't do easy... . Btw, nice website you got there.
Fail better.
  • #86
  • Apr 23, 2014 8:55am Apr 23, 2014 8:55am
Quoting LarryDarrell
{quote} seems I don't do easy... . Btw, nice website you got there.

thanks for reading, please msg me if you have any critiques or recommendations.
Twitter: @TrendersGame
  • #87
  • Apr 24, 2014 6:51am Apr 24, 2014 6:51am
http://www.forexfactory.com/showthre...81#post7423081

closed at 6.2486
  • #88
  • Apr 28, 2014 8:29pm Apr 28, 2014 8:29pm
Another slightly stronger yuan reference rate by PBoC. 6.1556 (tuesday) vs Monday’s 6.1565
  • #89
  • Apr 29, 2014 11:03am Apr 29, 2014 11:03am
http://www.economist.com/news/china/...taking-red-and
Fail better.
  • #90
  • Apr 29, 2014 10:04pm Apr 29, 2014 10:04pm
USDCNY – Today’s rate moved +24 pips from yesterday, to 6.1580. Upon open, new YTD highs of 6.2671, +1.7% of today’s 2% trading band.
Very weak Chinese Yuan today.
  • #91
  • Apr 30, 2014 6:06pm Apr 30, 2014 6:06pm
The Chinese yuan made another new low today, reaching its lowest level against the dollar since late 2012 with USD/CNH briefly trading above 6.27 before testing the rising support line at current levels around 6.2561.

http://i.imgur.com/YMOisdw.png

Past performance is not necessarily indicative of future results.


"China says it wants to discourage speculators from assuming the yuan is a one-way bet or in other words is only headed higher given that it has been on a path of steady appreciation since it was de-pegged from the dollar in 1995." source: http://www.cnbc.com/id/101622103
  • #92
  • Apr 30, 2014 10:34pm Apr 30, 2014 10:34pm
Chinese markets are closed today & Friday in observance of Labour Day.

Back with the yuan reference rate on Monday @ 0115GMT
  • #93
  • May 1, 2014 2:13am May 1, 2014 2:13am
Quoting Jason Rogers
The Chinese yuan made another new low today,
Nice trade, yours? And what would be the target? Always difficult for me to play into uncharted territory...
Fail better.
  • #94
  • May 2, 2014 12:00pm May 2, 2014 12:00pm
Quoting LarryDarrell
{quote} Nice trade, yours? And what would be the target? Always difficult for me to play into uncharted territory...
Yes, placed it a couple of weeks ago, but moved the stop to better than break even this week: http://www.forexfactory.com/showthre...91#post7411191

Targetting 6.3000, "Analysts and economists expect the yuan to continue sliding, with ING and CIBC forecasting it to touch 6.3 per dollar, which will be its weakest since September 2012 and will mark a close-to-4% tumble in the currency this year, which would be unprecedented." source: Yuan Continues Slide, and It Hasn't Hit Bottom
  • #95
  • May 2, 2014 12:33pm May 2, 2014 12:33pm
Quoting Jason Rogers
{quote} Yes, placed it a couple of weeks ago, but moved the stop to better than break even this week: http://www.forexfactory.com/showthre...91#post7411191 Targetting 6.3000, "Analysts and economists expect the yuan to continue sliding, with ING and CIBC forecasting it to touch 6.3 per dollar, which will be its weakest since September 2012 and will mark a close-to-4% tumble in the currency this year, which would be unprecedented." source: Yuan Continues Slide, and It Hasn't Hit Bottom
I am short and also see 6.3-6.5 this year. To maintain exports they need a weaker currency.
  • #96
  • May 5, 2014 1:01am May 5, 2014 1:01am
Quoting stylinex
{quote} I am short and also see 6.3-6.5 this year. To maintain exports they need a weaker currency.
Do you mean short yuan or short Usd/Cny(h)? Looking at the chart, we might have targets at 6.23 or 6.18, but the trend upwards is strong.

Some read: http://www.reuters.com/article/2014/...A430AH20140504

Not such a good thing for traders (unless you are working for the central bank and aim to make a few yuan on the side... ):

"The market had expected the yuan's weakness to last no more than a few weeks, but the PBOC has now sent clear signals that it is the central bank, not the market, that will decide when the yuan's weakness will end,"...
Instead of relying solely on using the midpoint to guide the market, traders said the PBOC also ordered major state-owned banks to buy dollars and dump yuan. Facing that much firepower, smaller market players had no choice but to follow.
Fail better.
  • #97
  • May 5, 2014 4:49am May 5, 2014 4:49am
Quoting LarryDarrell
{quote} Do you mean short yuan or short Usd/Cny(h)? Looking at the chart, we might have targets at 6.23 or 6.18, but the trend upwards is strong. Some read: http://www.reuters.com/article/2014/...A430AH20140504 Not such a good thing for traders (unless you are working for the central bank and aim to make a few yuan on the side... ): "The market had expected the yuan's weakness to last no more than a few weeks, but the PBOC has now sent clear signals that it is the central bank, not the market, that will...
I am in China now and have been at the Canton Exhibition over the last 2 weeks. Very few buyers this year compared to previous years. Definitely a slowdown taking place in China. What follows a slowdown is a currency depreciation like the one that took place in Japan after climbing from 120 to under 80. The Yuan went from 8.75 to around 6 so expect a correction soon
  • #98
  • May 5, 2014 1:44pm May 5, 2014 1:44pm
Quoting LarryDarrell
Looking at the chart, we might have targets at 6.23 or 6.18, but the trend upwards is strong. Some read: http://www.reuters.com/article/2014/...A430AH20140504
Nice article

USD/CNH has had a couple of daily closes below the rising trend channel, so the uptrend could be losing steam. I'm sticking to the trailing stop I raised last week to 6.2345.

http://i.imgur.com/eqD9VCM.png
  • #99
  • May 6, 2014 12:55am May 6, 2014 12:55am
Quoting stylinex
{quote} I am in China now and have been at the Canton Exhibition over the last 2 weeks. Very few buyers this year compared to previous years. Definitely a slowdown taking place in China. What follows a slowdown is a currency depreciation like the one that took place in Japan after climbing from 120 to under 80. The Yuan went from 8.75 to around 6 so expect a correction soon
Im still having problems to understand you (), are you saying that the move from 6.01 upwards is the correction? And which target would you see, around 8 again?
Fail better.
  • #100
  • May 6, 2014 9:52am May 6, 2014 9:52am
Quoting LarryDarrell
we might have targets at 6.23 or 6.18, but the trend upwards is strong.
1st target (at 6.225) hit and no meaningful retrace. So I guess the 6.18 target is still intact. Might take a long, just to learn the ropes, there.
Fail better.
0 traders viewing now