Important Information for Visitors

Privacy Policy    Disclaimer   Contact Us

Home

© Copyright 2016 Topdown Charts Limited

VIDEO: Where to next for USDCNY?

April 23, 2017

This video takes a look at one of the topics in the latest edition of the Weekly Macro Themes report - the near term outlook for the USDCNY.  The charts show that while the US dollar vs Renminbi exchange rate has been locked in a tight range the fundamentals still point to devaluation pressure for the Chinese yuan.  The recent tight range-trading follows a period of fairly persistent depreciation for the CNY.  This period of range-trading has lulled the market into a sense of complacency and our indicators show the market is increasingly relaxed about the prospect of further devaluations - history shows that these indicators work in a contrarian fashion, thus the conclusion is that while price movements have slowed down, the risk levels are rising.

 

 
Be sure to subscribe to the Topdown Charts YouTube channel:   https://www.youtube.com/channel/UCtZDzcHrtCDpCWeVid1qSRQ

 

 

 

Follow us on:

LinkedIn https://www.linkedin.com/company/topdown-charts

Twitter http://www.twitter.com/topdowncharts

 

 

Please reload

Follow us for updates:
  • Twitter Social Icon
  • LinkedIn Social Icon
Subscribe:

Top 5 Charts Of The Week

Institutional Reports

-Weekly Macro Themes

-Global Cross Asset Monitor

-Monthly Chartbook

access our exclusive research for deeper insights:

 

>>  Become a Client  <<

Search By Tags
Archive
Please reload

Important Notice

We offer exclusive insights for institutional clients with our suite of multi-asset investment research reports, personalized service, & global perspective.

Take a trial today...

Become a Client