Chinese New Years is at the end of this month. The government in China may want to prop up its own currency and stock index prior to the 2-4 week Chinese New Years Holiday. Reality should kick in after.. You have to go long with the Chinese Yuan to profit from that trade.
{quote} Chinese New Years is at the end of this month. The government in China may want to prop up its own currency and stock index prior to the 2-4 week Chinese New Years Holiday. Reality should kick in after.. You have to go long with the Chinese Yuan to profit from that trade.
Ignored
I was going long but then I thought my exposure was too high after a while, then it soared an hour after exiting.
{quote} I was going long but then I thought my exposure was too high after a while, then it soared an hour after exiting. Lost quite of bit of cash I should have gotten.
Ignored
For 2017 , buy all pullbacks on YUAN. Short YUAN until target price of about 7.35 sooner or later it will get there. Look long term.
What a pity, nobody trades yuan
It is under 6,5 since too much time. China doesn't like it, they will push the pair up soon
Usa vs China is just beginning...
