FX Daily: Renminbi Adjustment Continues
The trade-weighted renminbi has now fallen 6% from its highs seen in March. One cannot but think that this is a policy adjustment by Chinese authorities as they search to stimulate...
Symbol | Exchange | Currency |
|---|
The trade-weighted renminbi has now fallen 6% from its highs seen in March. One cannot but think that this is a policy adjustment by Chinese authorities as they search to stimulate...
Type | 5 Min | 15 Min | Hourly | Daily | Monthly |
|---|---|---|---|---|---|
| Moving Averages | Buy | Buy | Sell | Strong Sell | Strong Sell |
| Technical Indicators | Neutral | Buy | Sell | Strong Sell | Strong Sell |
| Summary | Neutral | Buy | Sell | Strong Sell | Strong Sell |
Pattern | Timeframe | Reliability | Candles Ago | Candle Time | |
|---|---|---|---|---|---|
| Emerging Patterns | |||||
| Hammer Bullish | 1W | Current | |||
| Completed Patterns | |||||
| Three Black Crows | 1D | 3 | May 26, 2023 | ||
| Falling Three Methods | 1M | 4 | Jan 23 | ||
| Three Outside Down Bearish | 1D | 4 | May 25, 2023 | ||
Time | Cur. | Imp. | Event | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| Tuesday, May 30, 2023 | ||||||
| 02:00 | ZAR | 9.90% | 8.90% | |||
| 02:00 | ZAR | 7.75% | 7.20% | |||
| 17:00 | MXN | -0.90B | 6.99B | |||
| Wednesday, May 31, 2023 | ||||||
| 08:00 | ZAR | 4.90B | 6.89B | |||
| Current Rate | 8.25% | |
| Chairman | Lesetja Kganyago |
Bank of Mexico(BdeM) | ||
| Current Rate | 11.25% | |
| Chairman | Victoria Rodriguez Ceja |