(VIANEWS) – USD/CNH (USDCNH) has been up by 0.96% for the last 10 sessions. At 16:06 EST on Sunday, 13 August, USD/CNH (USDCNH) is $7.26.
USD/CNH’s yearly highs and lows, it’s 0.001% up from its 52-week low and 0% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CNH’s Forex is considered to be oversold (<=20).
News about
- Eur/usd flat-lines around 1.0990, markets turn cautious ahead of US PPI data. According to FXStreet on Friday, 11 August, "The EUR/USD pair holds ground above the 1.0980 mark heading into the early European session on Friday. ", "This, in turn, caps the upside for the Euro and acts as a headwind for the EUR/USD pair."
- Eur/usd price analysis: impending bear cross, dilemma about ecb, fed test euro bulls below 1.1025 hurdle. According to FXStreet on Friday, 11 August, "It’s worth noting that the monthly bottom of around 1.0910 and the 1.0900 round figure also challenge the EUR/USD bears.", "Technically, a clear upside break of the previous key resistance line stretched from July 18, now immediate support around 1.0960, restricts the immediate downside of the EUR/USD pair."
- Eur/usd steadies below 1.1000 as fed officials welcome US inflation data, ECB signals uncertain times. According to FXStreet on Friday, 11 August, "Looking ahead, a light calendar in Europe keeps EUR/USD at the mercy of the US data, which in turn emphasizes the US Producer Price Index (PPI) for July will precede the first readings of the University of Michigan’s (UoM) Consumer Sentiment Index (CSI) for August. ", "A daily closing beyond the three-week-old previous resistance line, now immediate support near 1.0950, keeps the EUR/USD buyers hopeful despite the latest inaction. "
- Eur/usd steadies below 1.1000 as fed officials welcome US inflation data, ECB signals uncertain times. According to FXStreet on Friday, 11 August, "Looking ahead, a light calendar in Europe keeps EUR/USD at the mercy of the US data, which in turn emphasizes the US Producer Price Index (PPI) for July will precede the first readings of the University of Michigan’s (UoM) Consumer Sentiment Index (CSI) for August. ", "A daily closing beyond the three-week-old previous resistance line, now immediate support near 1.0950, keeps the EUR/USD buyers hopeful despite the latest inaction. "
- Eur/usd to remain around 1.10 if the fed not fuel expectations of imminent rate cuts – commerzbank. According to FXStreet on Friday, 11 August, "Economists at Commerzbank highlight the conditions required to keep EUR/USD around the 1.10 zone.", "The more successful they are at doing that the longer EUR/USD is likely to remain in the area of 1.10."
More news about USD/CNH (USDCNH).
