Get started

Remnimbi

USD/CNH looks set for its next leg higherUSD/CNH remains in a soliud uptrend on the daily chart and, after consolidating around the June highs and forming a bullish hammer at 7.25, the swing low appears to be in. A bullish range expansion day broke the bearish resistance line, and bulls could seek to enter upon any pullbacks towards yesterday’s low for a tigher long entry. The bias remians bullish above Last weej’s hammer low, and we could now be heade for 7.35 or the 2022 high. A small bulish hammer has also formed on the 1-hour chart. A conservative target projected from the recent leg higher suggests 7.32 for bulls, whilst if we use the run up from 7.27 it projects a target atound 7.34.
Long
by CityIndex
The Rise (mean reversion) of the Russian RubleThe Russian Ruble is represented on an inverted, logarithmic scale vs.the G/S & G7 currency basket, where a rise in price levels on the chart indicates an irise in the Ruble. For all the widely known reasons the Russian Ruble remains a remarkably accurate yard stick of the march of imperialism and the states of various hegemonies ("Globalization", in short) for the past 20 years. The Russian Federation maintains 0 (zero) debt , a positive account balance, combined with what is most likely the largest horde of gold & foreign reserves outside (and insulated from) Western jurisdictions, making the currency remarkably stable - despite all the propaganda and wishful thinking to the contrary -, for the past two decades. (It has proven itself far more stable than other means or stores of value across the G-7. This is clearly a thorn in the side of others' continued imperialist aspirations.) These facts simply highlight the present (and potential future) opportunity, wherein any significant deviation from the Median likely represents a significant trading opportunity. LONG p.s. On the contrary, the current vogue of wide spread and simple-minded speculations, heralding the rise of China and hence, the Yuan/Remninbi as the new, potentially global reserve currency, are so fundamentally flawed that entire books have addressed the topic as of late, examining it in great detail and with accuracy. I.e., a rapidly collapsing Chinese population, quickly followed by de-industralization and de-urbanization a stable, global reserve currency does not make! - Among other, inherently disqualifying factors.
FXOPEN:XAUUSDLong
by Nemo_Confidat
Tides May Turn for USDCNHJust minutes ago, Reuters reported that Lightheizer and Mnuchin are going to Bejing for talks. However, trade war detente is now not on the table until June. Trump threatens to keep tariffs on if China won't hold up their end of the deal on intellectual property. Honestly its not looking good. It is difficult to tell if this trend will continue to go negative and if Trump holds an all out assault in the trade war against everyone and anyone he can get his hands on. This may be the world we live in by the end of 2019. Who knows. But clearly, the talks are no longer going as well as we once thought and also let's keep in mind how Trump walked away from Kim Jong Un in Hanoi. This is what we are trending towards now which would be quite detrimental to markets in spite of Trump's desire for a deal which is quite strong and in spite of his sensitivity towards the stock markets which we also know he is quite sensitive to as well. However in the end, in order for these negotiations to go well Trump needs at least the idea that he can create a positive message at the end. That's the fundie picture. I'll much more briefly talk technicals. Overall, we are trending towards oversold with the USD even though the momentum is still trending in that direction. If you like my analysis, read some more words and check out some more charts here: www.anthonylaurence.wordpress.com
by WhiskeyTangoFoxtrot3