Forex Investment and Currency Trading

There has been much recent speculation that China has changed its FX policy and no longer wants a fast appreciation of the Chinese yuan (CNY). People who have this view use the recent consolidation in USD-CNY to support their case. However, a more detailed examination of CNY trading patterns against China’s major trading partners suggests [...]

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The USD Collapse
We have entered a new world – scared rather than brave. Since the start of 2008, the DXY (USD) index has declined by -6% and with more bad news likely to come out of both Wall Street and Main Street over the next few weeks, there is little reason to be bullish on [...]

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Market is perplexed by the magnitude of the SGD appreciation of late, breaking below the key support level of 1.3800.  EUR/CNY and EUR/SGD are nearly identical in trade patterns and there is the thought that the MAS may be waiting to see what the PBOC does with its currency.  There were several rumors that the PBOC was [...]

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