Get started

Yuanusd

MACRO MONDAY 7 - CHINA DEFLATIONMacro Monday (7) - Advance Release China Inflation Rate – $CNIRRY China entered into deflationary territory in July 2023 and this is being shared by many with an extremely negative outlook for markets. I believe this chart outlines a very different perspective that leans more neutral than cautionary whilst also providing a more usable framework in the event of a recession scenario playing out. 🔴The last 3 global recessions commenced during China's peak inflationary periods, not during deflationary periods. This is the first clear indication from the chart (red circles). 🔵The last 3 periods of deflation in China signaled the forming of a market bottom in 2000 (over 14 months), thee market bottom in 2008 and resulted in positive S&P500 price action in 2020 (blue areas). Two out of three times China Deflation has been immediately positive for markets. ⚠️The most contentious period of deflation can be assigned to the 2000 Dot Com crash. The commencement of this 14 month period of deflation from October 2001 did not immediately mark the bottom. Instead the S&P500 made a further c.35% decline to gradually form its bottom over those 14 months ending in December 2002. If this was to repeat we could be looking at Sept 2024 as a possible market bottom and a 35% decline would be $2.9k for the S&P....👀 This scenario is worthy of consideration especially factoring in the comparisons of the 2023 AI boom to the 2000 internet boom. As we enter a new technological epoch with the likes of Augmented Reality, Cryptocurrencies and AI, are we getting ahead of ourselves again? Do these technologies need a little more time to mature much like the internet? Are we overextended like we were in 2000? Its hard to answer no to any of these questions but against the backdrop of record levels of QE and Fiscal Deficit we have to keep an open mind as we froth in record levels of liquidity. What is useful about this chart is that if a 2000 Dot Com crash scenario was to play out from hereon, we could use China’s move back into inflationary territory (above 0% line) as a possible confirmation of a market bottom/reversal as was the case in Dec 2002. What day is it? 🤣🤣🤣 I released this early brief Macro Monday as I seen this topic repeatedly in my feed today and wanted to share the perspective as soon as possible. There is a strong possibility of a 2nd alternative Macro Monday Chart on Monday 14th. Hope to see you there! As always I hope the chart offers perspective and utility PUKA
ECONOMICS:CNIRYY
by PukaCharts
Difference - China Yuan and Offshore Yuan The Chinese yuan, also known as RMB, is the official currency of China. It is used both onshore in mainland China and offshore in international markets. The offshore yuan, also known as the CNH (Chinese yuan - Hong Kong), is the version of the yuan that is traded outside of mainland China. It is traded in offshore financial centers, such as Hong Kong, Singapore, and London. The offshore yuan is not subject to the same restrictions and regulations as the onshore yuan. The main difference between the onshore and offshore yuan is that the onshore yuan is subject to capital controls imposed by the Chinese government, while the offshore yuan is not subject to these same restrictions. This means that the offshore yuan is more freely tradable and can be used for a wider range of international transactions, such as international trade and investment, while the onshore yuan is more restricted in its use. Offshore Yuan - Standard-Size USD/Offshore RMB (CNH) Outright: 0.0001 per USD increment = 10 CNH MICRO USD/CNH FUTURES 0.0001 offshore Chinese renminbi per USD CNH Option Google search: USD/CNH Monthly Options Contract Specs - CME Group Google search Frequently Asked Questions: USD/CNH options - CME Group Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Short
by konhow
DOGE?YUAN: The OFFICIAL Crypto Currency For Chinese ESL STUDENTSA Chinese Educational Company METX announces Blockchain Integration for Elementary Students. MetX will be using DOGE Coin as the Crypto of choice for their educational program. Children and teachers are incentivized to use DOGE Coin as rewards system based on performance extracurricular activities. "Meten EdtechX Education Group Ltd. (NASDAQ:METX) ("Meten EdtechX" or the "Company"), a leading omnichannel English language training ("ELT") service provider in China, today announced that the Company has initiated its blockchain technology strategic plan (the "Plan") and will introduce a Doge Coin reward mechanism on the platform of Likeshuo for foreign teachers. Dogecoin is the second largest cryptocurrency in the world after Bitcoin ." FULL ARTICLE BELOW. invest.ameritrade.com Based on this news i decided to chart the Doge against the Chinese Yuan for an idea of its price point. If Doge/Yuan is indeed approaching WAVE 5 Than a simple target projection would be the 2.618 Fib from Previous High to Low. One could expect roughly a 300% return, raising the price of Doge to $1.5 Yuan. There are higher targets but at minimum if this is indeed a wave 5 approaching than 1.5Yuan is reasonable. There is a chance DogeYuaN does get extended into the $3 Yuan price zone but its best to take it one step at a time. - The Net
BITTREX:DOGEUSDLong
by thenetwillappear