China yuan

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.

 

CNH from SGX exchange

 

CNH from HKFE exchange

 

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.

 

Yes. I trade intraday futures.

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

Cme has cnhusd but volume virtually zero

 

Hey Max,

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

 

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).

 

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

 

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

 

hmmm.
day chart - seems to be forming up channel.

however USDCNH volume from SG and HKFE rather low, average around 10k contracts / day.
chart still spiky jerky long porpupine spikes long candles gaps dot dot .....