China yuan

Discussion in 'Financial Futures' started by maxinger, Jul 21, 2018.

  1. maxinger

    maxinger

    There have been quite alot of yuan movement lately.
    Offshore CNH could be traded through SGX, HKFE, CME.
    Well. With all the trade war news, there should be some trading opportunity trading CNH.
     
  2. maxinger

    maxinger

    [​IMG]

    CNH from SGX exchange
     
  3. maxinger

    maxinger

    [​IMG]
    CNH from HKFE exchange
     
  4. traider

    traider

    Are you trading intraday?
    Check out IB spot USD CNH if you don't hold overnight. I remember it is liquid. Only problem is the swap rate but this is ok if you don't hold.
    Many banks competing to make the market for you.
     
  5. maxinger

    maxinger

    Yes. I trade intraday futures.

    I checked IB.
    It has CNH in yen and hkd only.

    Cme has cnhusd but volume virtually zero
     
  6. traider

    traider

    Hey Max,

    I just checked my TWS, there is still spot USD.CNH
     
  7. maxinger

    maxinger

    you are right.

    sigh ... I stopped trading spot forex years ago.
    Now brain very very rusty.

    surprisingly the spread for spot (5 pips) is much better than futures ( > 10 pips).
     
    Last edited: Aug 10, 2018
  8. maxinger

    maxinger

    hmm. USDCNH went up since yesterday US session.
    wonder who went to long it.
     
  9. Blehs

    Blehs

    PBOC has been trying to talk up the currency saying shit like "7 is the highest USD/CNH should be" and taking some subtle action with banks. Basically it looks like a case of the market pushing