cny Archives - Orbex Forex Trading Blog

China September PMI and Potential Recovery

The yuan has been depreciating against the dollar, as have most other currencies. While not as dramatic as the yen, the rise in the USDCNY pair has started to raise concerns from Chinese officials. In the last couple of days, several formal…
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Upcoming China inflation and Commodity Demand

Earlier this week, the PBOC made a "surprise" announcement cutting the reserve requirement ratio (RRR) for banks. The "surprise" is in quotes, because even though it wasn't pre-announced, the economic situation was such that a lot of…
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USDCNH Cycle Correction Completion Coming Up!

The USDCNH formation shows the primary zigzag pattern Ⓐ-Ⓑ-Ⓒ. In the long term this seems to be forming a cycle correction IV. The last primary wave Ⓒ takes the form of an intermediate 5-wave impulse (1)-(2)-(3)-(4)-(5). The final…
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Chinese Inflation is Up Next

With the large amount of stimulus that the Chinese government has been putting into the economy, we ought to expect some impact on the inflation rate. So analysts are going to be keen to see what happens with the upcoming data. Also, as…
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Chinese Yuan at the Highest Level Since October 2010. Will it Shift PBOC Policy?

For the past few weeks, things were calm in the Chinese economy, with only a few economic releases. However, this week, we will be waiting for new clues on where the economy is standing. Moreover, there were some notable moves in equities…
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Still Worried About China?

For the past few years, if you were following the business news bulletins anywhere in the world, you should have noticed that many were warning of the situation in China. The headline is almost the same everywhere “China’s slowing down”.…
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USDCNH Is Preparing For Another Breakout In the Coming Weeks

Earlier this morning and during the first trading session of this week, some economic figures were released from China, which had a significant impact on the markets, along with the impact of the French election outcomes. The Chinese…
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Reviewing China’s Trade Balance Data

The Chinese Trade Balance was released during the early morning hours today, showing some mixed data. However, the impact has been muted as it’s the election day in the US; therefore, today’s economic releases are more likely to be…
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Reviewing China’s Economic Releases

Earlier today, a collection of economic figures was released from China, which came in line with expectations, leading to a slight impact on the markets. This effect was seen in equities, commodities, and the Fx market. What are those…
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