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Over the past decade, China has emerged as global superpower of economics and Geo-politics. Chinese currency Yuan has emerged as top contender to Challenge global dominance of Dollar. This year in Yuan might join International Monetary Fund’s (IMF) Special Drawing Rights (SDR) basket, strengthening Yuan’s position as global reserve currency. In this series, we discuss about China, its politics, economics, and vulnerabilities with a view of Renminbi.

Renminbi Series

Chinese yuan erases previous gain against U.S. dollar, bias remains slightly bullish

Jan 15, 2020 04:10 am UTC| Technicals

USD/CNY is currently trading around 6.8954 marks. It made intraday high at 6.8978 and low at 6.8835 levels. Intraday bias remains bullish till the time pair holds key support at 6.8835 mark. A sustained...

Renminbi Series

Chinese yuan strengthens on robust trade balance data, hits highest level since July 2019

Jan 14, 2020 04:45 am UTC| Technicals

USD/CNY is currently trading around 6.8729 marks. It made intraday high at 6.8937 and low at 6.8658 levels. Intraday bias remains bearish for the moment. A sustained close above 6.8923 marks will test key...

Renminbi Series

Chinese yuan rises gradually against U.S. dollar, stay short

Jan 10, 2020 05:56 am UTC| Technicals Commentary

USD/CNY is currently trading around 6.9286 marks. It made intraday high at 6.9492 and low at 6.9274 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.9540 mark. A...

Renminbi Series

Chinese yuan likely to advance moderately over coming weeks, says Scotiabank

Jan 06, 2020 06:18 am UTC| Commentary Economy

The Chinese yuan is expected to advance moderately in the coming weeks, catching up with recent gains in regional peers such as the KRW and TWD, according to the latest research report from Scotiabank. The Peoples Bank...

Renminbi Series

FxWirePro: Chinese yuan falls in early Asia despite robust retail sales, industrial production data

Dec 16, 2019 03:43 am UTC| Technicals

USD/CNY is currently trading around 6.9955 marks. It made intraday high at 7.0045 and low at 6.9598 levels. Intraday bias remains bullish till the time pair holds key support at 6.9810 mark. A sustained...

Renminbi Series

Yuan’s share in global payments rises again in August

Oct 01, 2018 12:15 pm UTC| Commentary

After steadily losing its attraction since 2015, the Chinese yuan seems to be recovering in terms of its share in the global payment system, according to a report by Swift payment system. As an effect of economic...

Renminbi Series

Renminbi Series: Yuan’s share in global payments rises to highest in 36 months

Sep 13, 2018 12:48 pm UTC| Commentary

After steadily losing its attraction since 2015, the Chinese yuan seems to be recovering in terms of its share in the global payment system, according to a report by Swift payment system. As an effect of economic...

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Economy

FxWirePro: A Glimpse At ZAR’s RV And Delta-Hedge Trades On Looming South African Debt Crisis

Due to global recession fears and rising risk aversion yesterday brought a further sell-out for many EM currencies. The rand was amongst the biggest losers over the past days and reached new lows against USD and EUR. This...

FxWirePro: Sterling Still Edgy Amid Pandemic Saga - Driving Forces, OTC Outlook & Hedging Strategies of GBP/USD

GBPs performance ranks mid-table over the past month (+0.5% vs USD, -2.5% vs EUR) as the global impact of the coronavirus has come to dominate GBPs local difficulties with Brexit. But even though Brexit is now being...

FxWirePro: Take Prudent Look At Short Euro Trades Amid Pandemic Outlook

Pandemic COVID-19 impact has broadened, eliciting abrupt financial market moves. We all know that the strength of a relationship can be severely tested during times of crisis. This is currently very obvious in the EU, and...

FxWirePro: Driving Forces, OTC Outlook And Hedging Strategies Of EUR/JPY

Universal fact is that the strength of a relationship would be severely tested during times of crisis. This is currently very obvious in the EU, and the euro is not taking it well. There is no agreement about how to...

We are entering a recession – but what did we learn from the last one?

As the coronavirus continues to spread around the world, it is abundantly clear that the global economy is entering a recession the first weve seen since 2008. Some officials have compared the last period of economic...

Politics

Joe Biden urges Americans to 'follow the science' as pandemic continues

The pandemic that is the coronavirus or COVID19 placed the United States as well as affected countries all over the world in a crisis as lives were turned upside down. As the country struggles to proceed with electoral...

Donald Trump, Mike Pence say the US coronavirus outbreak is stabilizing

For the past several weeks, President Donald Trump has tried to push some optimism regarding the current status the United States is in when it comes to the coronavirus pandemic. Recently, he, along with Vice President...

US President Donald Trump clashes with Nancy Pelosi and Democrats over voting methods

For the past several months since the coronavirus pandemic made its way onto American soil, the electoral proceedings have since been disrupted due to the skyrocketing numbers of cases and deaths. This time, there is a...

Donald Trump invokes Defense Production Act to ban companies from exporting protective gears against the coronavirus

President Donald Trump is bent on preventing companies from exporting protective medical equipment meant to protect wearers against the COVID-19. On Friday, he invoked the Defense Production Act to ban unscrupulous actors...

Science

Mars: New study claims proof of life under the Red Planet's volcanic rocks

Space agencies all over the world are now looking to Mars in the quest for space exploration. A new study reveals a potential breakthrough when it comes to exploring the red planet, as the findings suggest the possibility...

NASA: Hubble Space Telescope captures spiral 'Cannibal' galaxy

Galaxies are made up of billions of stars and planets and are mostly known for merging with other galaxies nearby. However, one particular galaxy that was captured by NASAs Hubble Space Telescope, is believed to have...

Dinosaurs: Fourth consecutive Pterosaur species found by scientists

Dinosaurs were once the species that roamed all over the Earth, and paleontologists are still on the lookout to further understand how life was like for these creatures millions of years ago. In an amazing breakthrough,...

Asteroids alert: NASA releases image of asteroids Lina and Klotho in the asteroid belt

While there are asteroids that are relatively smaller, there are asteroids that are a lot larger, and then there are asteroids that are large enough to destroy an entire continent. NASA recently shared a photo of two major...

Technology

‘Total War: Three Kingdoms’ update 1.5.1: New patch fixes bugs and updates gameplay

Total War: Three Kingdoms update 1.5.1 is now live and available to all players. The patch will be bringing with it changes and fixes to the game, such as enabling players to seek confederation after their declared King or...

Will Erangel 2.0 arrives in the ‘PUBG Mobile’ v0.18.0 patch?

PUBG Mobile players are currently enjoying new gameplay features and content released in the latest patch and in celebration of the games second anniversary. However, many players have likely set their eyes on one...

iOS 14 to arrive with major iCloud Keychain upgrades

Apple might soon convince iOS 14 users there is no need to install third-party password managers. The upcoming mobile operating system is now expected to deploy significant improvements to the iCloud Keychain. iOS 14 to...

Pixelbook 2 spotted on Geekbench with an AMD Ryzen processor?

Chromebooks enthusiasts have been waiting for a while for Google to unveil the direct follow-up to its tablet-laptop hybrid that the rumor mill has been calling the Pixelbook 2. If a recent benchmark test result is to be...

Over-ear AirPods could be announced at the WWDC 2020 in June

Apples annual Worldwide Developers Conference is primarily held to announce all the upcoming operating system updates and other software products the company has in store. It is not uncommon for the company to use this...
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