Category: China Currency Yuan
The analysis published under this category are as follows.
Wednesday, April 11, 2018
The Petroyuan Shift: The Eclipse of the Petrodollar Monopoly / Currencies / China Currency Yuan
By: Dan_Steinbock
As oil can now be traded with RMB-denominated contracts, the rise of the petroyuan will accelerate the internationalization of the Chinese currency as investors begin to increase their allocations into Chinese financial assets.In late March, as international media focused on Trump’s tariffs and the prospects of a trade war, renminbi-denominated oil contracts began trading in the Shanghai International Energy Exchange (INE), for the first time. That will foster the rise of petroyuan, which may cause a dramatic shift in global asset allocations as institutional investors begin to diversify into China’s onshore bond markets.
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Monday, January 22, 2018
Eroding Petrodollar Versus Rising Petroyuan / Currencies / China Currency Yuan
By: Dan_Steinbock
In the late 20th century, US petrodollar dominated the world economy. In the 21st century, we are witnessing the rise of the Chinese petroyuan. The former grew on the back of postwar growth in the advanced economies; the latter is fueled by industrialization in emerging and developed economies.According to SWIFT, US dollar still accounts for 39% of international payments, as opposed to the euro (33%), the English pound (7%), Japanese yen (3%) and Chinese yuan (28%). But times are changing.
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Wednesday, December 13, 2017
USDCNH Formed Triangle Pattern On Daily Chart / Currencies / China Currency Yuan
By: Franco_Shao
The USDCNH pair formed a triangle pattern on its daily chart for several weeks. All we can do is wait for a breakout to occur. The price is facing the upper line of the pattern now at around 6.6390. A breakout of this trend line could signal resumption of the uptrend from 6.4412.
Wednesday, November 15, 2017
PetroYuan Can Accelerate the De-Dollarization / Currencies / China Currency Yuan
By: Submissions
The move away from Petrodollar
In 1974, US President Richard Nixon and King Faisal from Saudi Arabia struck a deal. This deal gave birth to the petrodollar system which still lasts until this day. The deal involves Saudi Arabia selling oil to its largest buyer back then, the U.S. In turn, the U.S. provides Saudi Arabia with money, military aid, and political support. The Saudis then reinvest billions of their petrodollar revenue back in U.S. Treasury bonds.
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Monday, November 06, 2017
USDCNH Is Forming A Triangle Pattern On 4-Hour Chart / Currencies / China Currency Yuan
By: Franco_Shao
The USDCNH pair seems to be forming a triangle pattern on its 4-hour chart. The price broke above a falling trend line last Friday, indicating that the short term downtrend from 6.6635 had completed at 6.5840 already.
Tuesday, October 17, 2017
China Wants the World’s Reserve Currency / Currencies / China Currency Yuan
By: Michael_Pento
In the aftermath of WWII the American economy was that shining city on a hill. After saving mankind from the Nazi’s, America had the only intact manufacturing base and was the repository for most of the world’s gold. Those circumstances propelled the US dollar to world’s reserve currency status. And for the past seventy years, this status has been the cornerstone for America’s power base and hegemony around the globe.
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Monday, April 10, 2017
US Dollar and Chinese Renminbi: Mysteries Revealed / Currencies / China Currency Yuan
By: Dan_Steinbock
The Trump administration’s exchange-rate hawks contend that the US should designate China as a “currency manipulator.” In reality, the problem is the strengthening dollar, despite massive debt US owes to foreign countries.
Before the Trump-Xi Summit, the White House has often warned about “currency manipulators” while targeting US trade deficits.
Tuesday, January 17, 2017
Chinese Currency Manipulation Could Become A Global Problem in 2017 / Currencies / China Currency Yuan
By: John_Mauldin
This is going to be a pivotal year for China. We will see if it can levitate another year or whether it falls back to Earth in 2017. My base case is that they continue the levitation act, but we are going to see an increase in volatility.
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Monday, January 16, 2017
China RMB Currency Interventions Paving Way for Reforms / Currencies / China Currency Yuan
By: Dan_Steinbock
Recently, Chinese renminbi has depreciated substantially. In the short-term, interventions will prevail; in the longer-term, the currency will stabilize.In the past quarter, Chinese renminbi (RMB) decreased by 4%, which is significantly faster than anticipated, due to rising tensions in foreign-exchange markets over China’s rising debt and bubbling property markets. China has managed to stabilize growth, but not without capital controls, hefty lending and decisive interventions.
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Thursday, January 05, 2017
China Attempts to Crush Yuan Shorts / Currencies / China Currency Yuan
By: Anthony_Cherniawski
Yuan shorts suffered a bone crushing short squeeze over the course of this week after it hit an expected Master Cycle low on December 29. The retracement hit Intermediate-term resistance at 23.60 yesterday. Currently CYB is hovering in that zone.
CYB may go higher, but it cannot rally beyond the bottom of Wave 1 at 24.24. If it goes higher, the likely target appears to be the 50-day Moving Average at 23.74.
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Thursday, January 05, 2017
Chinese Yuan: "Manipulated" Currency Does NOT Mean "Unpredictable" / Currencies / China Currency Yuan
By: EWI
"...markets are bigger than governments."
This year's U.S. presidential election brought into focus one market you don't hear about often: the Chinese yuan, or renminbi.
"Donald Trump has been telling us all for a long time now that China is a currency manipulator. It's part of his plan for his first 100 days in office to get on with making sure that China is legally declared to be such a currency manipulator and thus start the process of doing something about it.
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Friday, December 23, 2016
Chinese Yuan: "Manipulated" Does NOT Mean "Unpredictable" / Currencies / China Currency Yuan
By: EWI
"...markets are bigger than governments."
This year's U.S. presidential election brought into focus one market you don't hear about often: the Chinese yuan, or renminbi.
"Donald Trump has been telling us all for a long time now that China is a currency manipulator. It's part of his plan for his first 100 days in office to get on with making sure that China is legally declared to be such a currency manipulator and thus start the process of doing something about it.
"The problem with this is that China really is a currency manipulator. But they're manipulating the value of the yuan up, not down. Thus returning it to the correct free market value isn't going to have the desired effect of closing America's trade deficit with China." (Forbes, Nov. 13.)
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Monday, December 19, 2016
Chinese Yuan's Day of Reckoning / Currencies / China Currency Yuan
By: Michael_Pento
China's economy and markets have been defying the laws of economics since 2009. Amid a worldwide financial crisis during that year, they managed to grow their economy by 8.7%. But that growth was fueled by a $586 billion dollar government stimulus package, which was followed by an additional $20 trillion dollars in new construction spending over the next seven years.
China's economy became the envy of the world as the economy expanded through the edict of government to build massive cities that were mostly vacant. In fact, estimates are that 52 million homes in China are currently vacant and 90% of those empty units were purchased for investment purposes.
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Friday, October 14, 2016
Could Nigeria Become Africa’s Offshore China RMB Hub? / Currencies / China Currency Yuan
By: Dan_Steinbock
On October 1, the Chinese renminbi officially joins becomes the fifth international reserve currency. Over time, Nigeria stands to benefit from RMB’s rising international role.On October 1, 2016, the Chinese renminbi (RMB) will officially join the International Monetary Fund’s (IMF) international reserve assets; that is, the SDR (Special Drawing Rights) basket. From the perspective of the IMF, this is recognition of China’s success in opening up its markets.
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Wednesday, September 28, 2016
China’s International Renminbi Is Coming – Is Wall Street Ready? / Currencies / China Currency Yuan
By: Dan_Steinbock
On October 1, 2016, the Chinese renminbi (RMB) will officially join the International Monetary Fund’s (IMF) international reserve assets; that is, the SDR (Special Drawing Rights) basket. From the perspective of the IMF, this is a ready affirmation of China’s success in opening up its markets. The inclusion of the renminbi into the ranks of the most important international currencies codifies the acceleration of bilateral and multilateral RMB transactions worldwide.Read full article... Read full article...
Monday, August 22, 2016
China Announces its’ new loan in International Reserve Asset (SDRs) / Interest-Rates / China Currency Yuan
By: Chris_Vermeulen
The People’s Bank of China (PBOC) has received approval from the World Bank allowing its’ issuance of bonds which are denominated in Special Drawing Rights (SDRs). The World Bank is the first entity to approve of it and consequently marks the launch of the SDR bond market of the worlds’ second-largest economy.
Friday, May 27, 2016
The Global Currency Reset and the Gold Backed Yuan / Currencies / China Currency Yuan
By: Mario_Innecco
hi it's Friday May 27th 2016 this is an echo 64 the home of alternative
economics and contrarian thinking this morning I'm going to be talking about
currency or economic and global reset that these are terms that are especially
the last two years of pop pop top on the Internet alternative media even in the
mainstream media and also be talking about a gold-backed you want which is
something you hear about all the time you know in the alternative media
especially not in the are not in the mainstream media and have to go back to
like 2015 I think it was April 2015 Christine Lagarde president or head of
the IMF made a speech and she said we're facing global economic recession and
Sunday, January 10, 2016
This Is What Gold Does In A Currency Crisis, China Edition / Currencies / China Currency Yuan
By: John_Rubino
As China’s leaders figure out that pegging the yuan to the dollar while quintupling their debt in five years was a colossal mistake, they are, apparently, concluding that the only way out is a sudden, sharp currency devaluation. See Pressure on China central bank for bigger yuan depreciation.
Chinese citizens, meanwhile, are anxiously awaiting tomorrow’s market open while mentally repeating the same three lines:
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Thursday, January 07, 2016
Another China Yuan 2% Devaluation Coming Up? Explaining Chinese Capital Flight / Currencies / China Currency Yuan
By: Mike_Shedlock
Another Yuan Devaluation Coming Up?
Currency trends suggest another yuan devaluation is coming up. Specifically, the gap between the mainland China yuan (renminbi) to the US dollar, vs. the offshore floating rate of the yuan to the US dollar is now at a record high.
The reason there are two rates is China has tight controls on the range the yuan trades in China, but the yuan floats outside China.
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Friday, December 11, 2015
SDR - China Takes a Big Step Forward / Currencies / China Currency Yuan
By: John_Browne
On November 30th the International Monetary Fund (IMF) announced that it would admit China's Renminbi currency, commonly known as the Yuan, to the select basket of reserve currencies that make up its Special Drawing Rights (SDR's). Having been stalled by U.S. influence for many years, the long-awaited IMF decision acknowledges the massive transfer of financial power from the old West to the new East. The move heralds an era of potentially great change with global implications for politics, economics and investments.