When the Chinese do something, they do it big. And so it shouldn't surprise anyone in the FX sector that when volatility returns to China's financial markets, it does so in a very big way. China's Yuan currency saw its biggest one day drop on Tuesday since 2008, with the USDCNH trading down 0.5% to…
Read moreReuters latest Asian currency survey reveals that bullishness in the Chinese yuan hit a near seven-month high, while sentiment on most emerging Asian currencies slightly deteriorated in the last two weeks on global economic risks, a Reuters poll showed on Thursday. Sentiment on the yuan turned the most optimistic since late January, as investors piled…
Read moreLeading FX Brokerage FXCM officially added liquidity to the offshore renminbi. Here is info on FXCM's offering. VITAL STATISTICS Target Spread 26-27 pips Margin Requirement $50 per lot Minimum Lot Size CN¥1,000 (1k) Pip Cost $0.016 per lot Average Daily Range 100 pips in 2014 Hedging Capability: You can go long or short yuan in…
Read moreIn China's foreign exchange spot market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
Read morePopular retail brokerage HotForex regulated by the Financial Services Commission (FSC) of the Republic of Mauritius has announced on their company news page the launch of MQL5 signals for their MetaTrader clients. They state the MQL5 Signal Service is integrated in the HotForex MT4 trading terminal and offers the chance to subscribe to a wide…
Read moreAlpari RU announced today that from June 2, 2014, they are making 6 new currency pairs available for trading. For Standard accounts (standard.mt4): USDCNH (US Dollar to Chinese Yuan) USDILS (US Dollar to Israeli Shekel) EURILS (Euro to Israeli Shekel) GBPTRY (British Pound to Turkish Lira) EURZAR (Euro to South African Rand) EURRUB (Euro to Russian…
Read morePepperstone is proud to announce the addition of the USDCNH currency pair.
Read moreIFC Markets provides its clients with Forex and CFD trading through its own-generated trading platform NetTradeX, which is available on PC, iOS, and Android. The platform is available in 15 languages. Recently, a significant demand has been presented towards China's currency Renminbi (RMB). The currency is traded both onshore and offshore, and when talking about…
Read moreChina has become the focus of the majority of FX firms over recent years, and despite the difficult entry barriers, many have succeeded, resulting in demand for Chinese currency China is often viewed by many FX industry participants as a treasure trove with a very securely locked door. Indeed, there is a very large potential…
Read moreOTC options on USDCNH to be made available on SaxoTrader Platform Saxo Bank, has officially announced the addition of OTC options on USDCNH to its platform to allow clients better access to trading on the offshore Renminbi. We reported this news last Friday when it slid under the radar of Saxo’s March monthly volume report. The…
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