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Chinese Yuan Pattern complete ….
Posted on September 11, 2014 Leave a Comment
09/11/2014: for all intensive purposes this BUY USD vs CHINESE YUAN pattern is complete … WATCH this closely as we continue to monitor the GLOBAL flow of funds. I’m not a fundamentalist (I have nothing against it, I’m just not smart enough to understand it – remember – I draw pictures w/ crayons) but […]
Chinese Yuan Pattern forming ….
Posted on September 8, 2014 Leave a Comment
09/08/2014 – let’s not forget this looming shot across the bow. It’s close/at our BUY level so watch this Currency Pair closely. The “trend” is DOWN so expect the levels shown to fail but if they don’t …that could be a “big deal.” For years institutions have “bet” on the continued strength of the […]
Chinese Yuan Pattern forming ….
Posted on August 7, 2014 Leave a Comment
For years institutions have “bet” on the continued strength of the Yuan as a “safe bet.” That might have all changed around mid January of this year … from Jan-March the Yuan weakened appreciably. To quote one news article – “this move is particularly notable, as the yuan has broken through the 6.20 yuan per dollar […]
quick look at China
Posted on April 27, 2014 Leave a Comment
in what appears to be the largest IPO ever ALIBABA should be coming to the street …pushing the limits of 20 BB it’s something to be watched. Not for the John Q Public but for the banks Credit Suise, Goldman, Morgan Stanley, etc. are going to make 100’s of millions on this one. So, I […]
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