China is fighting now for 18 month to stop it´s captial outflows.
Chinas Currceny Reserves droped down to less than 3.000 Billion US-Dollar, offically. Probably it´s far more down as China is reporting every month.
China can not control it´s capital outflows. China is a dictatorship. China will add more pressure to stop US-Dollar leaving the country. But: Finally this will cause a situation like the Black Wednesday 1992 (devaluation of GDP). en.wikipedia.org/wiki/Black_Wednesday
Even all global stockmarkes right now on a strong up move traders need to mention the alarmsignals as well. If ever China is forced again to devaluate the Yuan again it will come unexpectedly and will at least cause a sharp sell off at any stockmarket globally. If you follow the trading ideas here start now to protect any longposition with out of the money put options or any other hedge.
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FEB 22 2017 Quote: Treasury Sell-Off Is a China Syndrome
And China has been funneling billions of dollars into its economy to keep it chugging along despite an increasing number of cracks in its credit system and to prevent its currency from depreciating too quickly. Despite all its efforts to prevent money from leaving the nation, capital outflows are continuing. On the Outs China's monthly capital outflows have been growing Source: bloomberg.com/gadfly/articles/2017-02-13/trump-may-be-unnerving-but-it-s-china-moving-treasuries
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FEB 23 2017: USDBTC right now was up 5 % or almost 60 USD breaking above the former high before China´s intervention at January 4th and 5th 2017. invst.ly/3bxy4
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MAR 01 2017: Bitcoin and USDCNH sending next alarm signal. Any US rate hike could trigger a further divaluation of Chinas Currency.
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MAR 02 2017: Bitcoin and USDCNH sending another alarm signal today. Until now China successfully stopped faster devaluation of the Renminbi. Further unmoves in globally stockmarkets will continue as long ass China can control its currency.
MAR 04 2017: Yuan, rupee outlook sours on Fed interest rate hike bets: Reuters poll
Quote: The Chinese yuan and the Indian rupee are expected to weaken, although less than previously thought, reversing recent gains as rising chances of a U.S. interest rate hike this month boost the dollar, a Reuters poll found.Since the start of the year, most Asian currencies have risen against the dollar, as uncertainty about President Donald Trump's economic policies hurt the greenback.Fed officials over the past few days suggested that rates need to go up sooner rather than later to avoid falling behind the curve on inflation in the face of proposed economic stimulus from Trump's administration. The view for a weaker yuan also stands alongside Trump's accusations that Beijing has devalued its currency to gain a trade advantage and as China struggles to stem capital outflows depleting its FX reserves. Source: in.reuters.com/article/forex-poll-asia-idINKBN16912A
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MAR 04 2017: A separate Reuters poll confirmed trader sentiment toward most emerging Asian currencies worsened, with bets on the Chinese yuan turning slightly bearish, although positioning was still close to being neutral.
Moody's downgrades China for first time since 1989 as it warns financial strength will erode as debt mounts Moody's downgrades China for first time since 1989 Moody's says reforms won't prevent rise in economy-wide debt European shares drift lower at opening bell China stocks end steady after sharp falls telegraph.co.uk/business/2017/05/24/moodys-downgrades-china-first-time-since-1989-warns-financial/
Comment: BTC short closed at 2.460 or net gain of 200 Points. Momentum to the upside is still there. BTC needs to much attention to trade it.
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BTC short re-entry at 2.690 after momentum to the upside faded at 2.600. BTC dropped to 1.880 within 24 hours. Same like in January. China stopped devaluation of USDCNH and BTC was cut by 40% within a few days.
Trade active: Zeitpunkt unklar: . China is pumping a lot of cash into its economy to calm investors
China injected nearly $130 billion into its market in the last two weeks to quell a bond rout The People's Bank of China is seeking to balance market sentiment with its need to crackdown on debt Rapidly expanding liquidity could make it more challenging for Beijing to counteract capital flight — its relatively static foreign exchange reserves are growing less potent when compared to the amount of cash that could be leaving the country cnbc.com/2017/11/22/china-cash-injections-to-quell-bond-rout-liquidity-debt-fx-reserves.html
Asian indexes trade mixed as China markets look to bounce back
Asian shares were mostly lower on Friday Chinese shares staged a recovery after mainland indexes tumbled almost 3 percent in the last session Mitsubishi Materials lost more than 9 percent after the company said some of its units had falsified product data The overnight trading session was quiet, with U.S. markets closed for the Thanksgiving holiday cnbc.com/2017/11/23/asia-markets-china-stocks--dollar-euro-in-focus.html