currently 6.77 on my screen. Chart says it is breaking up (well dollar up, yuan down)
Be very careful on the long side gents, very careful..
4 replies to this topic
#1
alexnewbee
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Posted 21 October 2016 - 01:58 PM
"we do G.d's work" Lloyd Blankfein
#2
Charvo
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Posted 21 October 2016 - 07:49 PM
I think there is extreme credit growth/money printing happening now in China. Most of that yuan printing seems to be going into the property sector, but some is going into their stock market and emerging markets. I would think a lot of that printed yuan has been converted to dollars which is evident in the slide of the yuan against the dollar. I'm still waiting for the EEM to crack because it seems like that will happen sooner rather than later especially with a rate hike coming soon.
#3
alexnewbee
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Posted 22 October 2016 - 06:42 AM
So it was extreme money printing in China that caused stock market collapse twice in Aug 2015 and Jan 2016 
I disagree. Collapsing yuan means huge deflationary shock to the world.
I disagree. Collapsing yuan means huge deflationary shock to the world.
"we do G.d's work" Lloyd Blankfein
#4
dasein
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Posted 23 October 2016 - 04:30 PM
wasnt it 3.41 a while ago?
best,
klh
klh
#5
SemiBizz
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Posted 23 October 2016 - 09:04 PM
Hourly Offshort RMB... Moving like a tech stock.... WTF ?
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
