DBD Strategy Daily - RECORD LOW FOR THE YUAN
The Yuan is reaching a new low for 2018 today. It is only a marginal low, but it is one of a bunch of technical weaknesses of the Chinese currency. It is a movement that seems . Those days, this correlates this weaker indices. Chinese indices are falling further. Our target on the CSI 300 is 7% below current prices. The Hang Seng is harder to read. There is a strong support area only 2/3% below. We are not sure how this difference has to be interpreted. The different supports may simply cause different rhythms, but not trend changes.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.