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FxWirePro: Chinese yuan remains almost unchanged after house price data, PBOC sets yuan mid-point at 6.8942

  • USD/CNY is currently trading around 6.9257 marks.
     
  • It made intraday high at 6.9271 and low at 6.9250 levels.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 6.9297 marks.
     
  • A sustained close above 6.9297 marks will test key resistances at 6.94, 6.9548 and 6.9750 marks respectively.
     
  • Alternatively, a daily close below 6.9113 will drag the parity down towards key supports at 6.8975, 6.8628, 6.8525, 6.8210, 6.80 and 6.7813 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • PBOC sets yuan mid-point at 6.8942/ dlr vs last close 6.9258.
     
  • China May 2019 China house prices yy stays flat at 10.7 % vs previous 10.7 %.

We prefer to take long position on USD/CNY only above 6.9297, stop loss 6.9100 and target of 6.94/6.9548.

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2019-07-02 15:32:08
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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 766018766018m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766018766018m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 777838777838m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 766018766018m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 777838777838m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 766018766018m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766018766018m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 766018766018m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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