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EURUSD & US INDEX CORRELATION!

POWERFUL_TRADERS Posted 3 Oct.  in #Algorithmic Trading #Correlation #Scalping #Daytrading #Intermarket #Interbank #Correlations #Powerfultraders #Algosystem #John J Murphy
Hello Traders.
This video is dedicated to John.J Murphy .
Enjoy watching
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Trade status: Real trade by Kunkei Tengri.
Date: 03/10/2017y.Professional Trader's blog, specializing on Elliotte wave theory, Technichal analysis, Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint.
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Renminbi: China Is Relaxing Restriction

PPandM Posted 3 July  in #Trader's blog #Renminbi #Interbank
China is relaxing a bit restriction on the exchange rate of its currency. Banks will be allowed with immediate effect, to negotiate the exchange rate of the Yuan (Renminbi) against the U.S. dollar with customers on the basis of market demand. The exchange rate derives largely from the interbank market.

The relaxation is another step on the path to achieving market-based liberalization. The U.S. always complain about an undervalued yuan. The Bank of China announced that the exchange rate has now…
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speculo_ergo_sum 12 July

in other words, China will fight against inflationary pressure by letting the currency appreciate against USD.

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