USD/CNH: Illiquid Break Below 200DMA Faces Reality Check as China Returns
Summary An abrupt strengthening in the offshore traded Chinese yuan that saw it break several key technical levels in illiquid…
Taiwan dollar’s record rally is a trade-war tremor
An unprecedented two-day surge in Taiwan’s currency is the latest leg of a scramble out of the U.S. dollar and…
USD/CNH slips below March lows, downtrend resumes – Prophet Forecast Analysis
USD/CNH has lost traction after failing to hold above its 50-DMA and now trades below key March support, with the…
China urges UK and EU to uphold multilateral trade in face of US tariffs
Chinese Foreign Minister Wang Yi urged Britain and the European Union on Tuesday to safeguard multilateral trading systems, as Beijing…
China and EU should oppose unilateral bullying
Chinese President Xi Jinping said on Tuesday that “China and the European Union (EU) should oppose unilateral bullying.” Additional comments
U.S. dollar falls amid speculation over possible revalution of Taiwan counterpart
The Taiwan dollar raced to its strongest level in almost three years on Monday, extending a multi-day run of gains,…
Prophet Forecast Report – May forex seasonal: It’s not time to sell the US dollar just yet
It’s the May Day holiday in much of the world today and it’s generally a great month for workers getting…
US dollar rallies on continued trade deal optimism; yen slumps – Prophet Forecast Report
The U.S. dollar continued to bounce back on Thursday on some technical buying after being oversold last month, with investors…
Talks or no talks: who blinks first in US-China trade war?
China’s ministry of commerce announced that Beijing was assessing the possibility of tariff negotiations with the United States. It was…
Chinese firms in Vietnam halt new investment, face closure if Trump’s tariffs return
Shi Xinchuan, the owner of a hardware store in northern Vietnam, spends a lot of time these days sitting alone…