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06-23 16:17

Watch Out For USD Bull Trap!? Forex Markets Hit a Tipping Point!

Geopolitical tensions in the Middle East saw renewed uncertainties over the past weekend, ultimately failing to reach a comprehensive agreement. However, considering that the market's sensitivity has significantly dulled, unless hostilities officially resume, this is not expected to disrupt the performance of most assets. Recently, we can shift our focus toward the foreign exchange market. Taking the US Dollar Index (DXY) as a reference, the price action is currently hovering near a crucial watershed level. Based on our long-term bearish view on the dollar, there is reason to suspect that new selling opportunities may emerge, and the DXY itself faces the risk of a bull trap. Earlier this year, the dollar once approached its 10-year long-term trendline, but the bulls ultimately defended thi
Watch Out For USD Bull Trap!? Forex Markets Hit a Tipping Point!
$Tiger Brokers(TIGR)$   $Futu Holdings Limited(FUTU)$  $Tesla Motors(TSLA)$ $HSTECH(HSTECH)$ $Mini HKEX USD/CNH - main 2306(MCNHmain)$   Yes I know this is a sensitive topic. But I believe I still have to make it a point to emphasise that no country will ever want to run itself the risk of having too many dollars assets and end up having its assets confiscated in an unlikely event of war or hostile situation. Further, with the immense liquidity situation due to the vast USD printing, countries need an alternative to USD. This is not meant to repl

A great way to hedge against weakening China`s YUAN.

Foreign exchange futures has come,  and they are very, very useful USD/RMB futures $Mini HKEX USD/CNH - main 2205(MCNHmain)$ If you have been involved in foreign exchange trading for a long time, you will not be unfamiliar with the currency pair between US dollar and YUAN. Due to some well-known reasons, the US dollar has risen recently, while the YUAN exchange rate has fallen. The trend of the dollar/yuan exchange rate is as follows: ​​ ​You will find that the US dollar index and the futures trend of US dollar against YUAN are the same, and they are all rising. Do you feel strange? In fact, it is not surprising that with the value of US dollars is increasing, One dollar can be exchanged for more yu
A great way to hedge against weakening China`s YUAN.

USD/CNH Surged, Trade UCHmain and other Futures for Profit?

Since April 19, the USD/CNH has changed the sideways trend near 6.38 since mid-April and began to break through the important mark of 6.41 for four consecutive days. It is also the first time that the USD/CNH has touched the level of 6.49 since August 16th, 2021. USD/CNH DAILY As of April 22, Tiger Trade $CME USD/CNH - main 2206(UCHmain)$  priced at 6.523,$Mini China Enterprises Index - main 2204(MCHmain)$  priced at 6.509. The three short-term trigger factors of the market consensus are: ① breakthrough of key points, ② strong US dollar and ③ foreign exchange purchase in the middle of the month. ① Breakthrough of ke
USD/CNH Surged, Trade UCHmain and other Futures for Profit?