Sideways movement predicted for USDCNH till the end of 2017. Nothing to see here, move on to another pair.
Fundamentals -CNY fixing (Higher swaps -> lesser short interest) (Authority looking to keep yuan stable. Volatile Yuan -> Bad for economy) -Fed Rate Decision (Yuan least affected by fed decision -> see capital flows for direction of currency) -Balance of Payments (Don't expect BOP to deviate in extreme fashion -> See FX reserves) -Devalued Yuan is providing support to economy -> improvement in industrial profits
Technicals Strong resistance at 7.0, Support expected to deviate between 6.7 - 6.75
Black Swan Events -Real Estate Bubble pops - 20% (Personally, I do not expect the bubble to pop in 2017. Open for debate) No further explanation needed -Donald Trump - 5% (North Korea deal informally reached? -> See Xi's visit to US) "China is a currency manipulator" -> competitive devaluation
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.