Much has been made of the potential impact of the US elections on currencies such as MXN and CAD. However, the US elections have the potential to also be a major driver for CNY in the context of broader US -China trade relations. Should Democratic candidate Clinton win the Presidency, this is likely to maintain...

The post How Would A Trump Presidency Affect USDCNY? appeared first on Forex Crunch.

China is never too far away from EUR/USD, and this was very relevant at the wake of 2017. What’s next after the dawning days? Here is the view from Danske: Here is their view, courtesy of eFXnews: One of the most noteworthy trends in the early days of 2017 has been the volatility in the...

The post EUR/USD: Turbulence In Chinese FX markets Behind Recent Move; appeared first on Forex Crunch.

The perceived calm in financial markets yesterday led many to believe investors were picking up the pieces from an early year exodus in risk-correlated assets; however, that semblance of stability evaporated into the afternoon session with oil and North American equities collapsing in tandem to finish off the trading day.   The pessimistic mode filtered...

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So much for a summer slumber.   Despite the Chinese yuan fixing with just a modest revaluation last night, the stability in the yuan did little to bolster investor confidence in China during the trading session.   Better than expected housing numbers in July sparked concern from the investing public that Beijing may limit its...

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The stabilization seen on the Chinese yuan overnight should make for a more comfortable end to the week. The fix on USDCNY was marginally lower which allowed for a stabilization of the onshore rate and fall in the offshore rate. This also follows on from the comments seen from the PBOC yesterday, playing down the...

The post Chinese yuan stabilizes appeared first on Forex Crunch.

The Chinese authorities made their move and devalued the yuan by nearly 2%. This move, accompanied by some liberalization of currency markets,  hurt the Aussie, but it certainly has wider implications. The team at Credit Agricole explains: Here is their view, courtesy of eFXnews: In a surprise move overnight, the PBOC devalued the CNY by...

The post After The CNY Tumble, JPY Should Be Next – Credit appeared first on Forex Crunch.

Despite  a jam-packed day  of important  macro-economic events and releases, financial  markets  held  tight to recent ranges, with investors  failing to take any large directional bets as participants were content with adhering to  the current market narrative.    GDP growth for the American economy in the first quarter saw the large inventory build in the...

The post The FOMC projects strong Q2 GDP appeared first on Forex Crunch.

Jim Rogers is a legendary trader/ investor who came to prominence in the early 1970’s when he set up the Quantum Fund alongside George Soros. The Quantum Fund is one of the best performing hedge funds of all time and it’s success allowed Rogers the luxury of being able to retire from Wall Street at...

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Binary options and forex provider Core Liquidity Markets now enables trading on the Chinese Yuan or Renminbi. The company recently launched its IB program. For more details, here is the official press release: Core liquidity markets an established name when it comes to providing Forex and binary options trading now offers trading on the Chinese...

The post Chinese Yuan trading now offered by Core Liquidity Markets appeared first on Forex Crunch.

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