We adhere to the Soros-Druckenmiller school of thought, which postulates that Markets tend to lead, and news lag:
“Most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets..” – Stanley Druckenmiller
So, if our Tools have a Buy on Chinese Yuan, then does it signal faster and more favorable resolution of the extended US-China trade dispute?
We think Yes! Something good should be coming out soon.
Alternatively, check out how other Technicians also starting to like CNY: https://www.cnbc.com/2019/01/13/stock-market-rally-has-legs-suggests-bofa-currency-chart.html